INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

Has blockchain found a use beyond crypto trading?

Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent.
  • Blockchain at heart is a ledger, a way of storing transactions that is according to fans secure, transparent and permanent
  • The blockchain emerged from a 2008 white paper on bitcoin, which was conceived as an alternative to fiat currency

Iran denies hand in attack, blames Rushdie for insulting Islam

Three days after the assault on Salman Rushdie, Iran has denied any link with the attacker who stabbed British writer...
  • Hadi Matar, the suspected assailant from New Jersey, was wrestled to the ground by staff and other audience members before being taken into police custody
  • Salman Rushdie had spent years under police protection after Iranian leaders called for Rushdie's killing over his portrayal of Islam and the Prophet Mohammed in the novel

Iran says Kuwait to send first envoy since 2016

Kuwait recalled its ambassador and the United Arab Emirates downgraded relations with Iran after Saudi Arabia that year cut ties...
  • Badr Abdullah al-Munikh, Kuwait's new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian
  • Saudi Arabia and Iran have had no diplomatic relations for six years, but have held talks, hosted by Iraq, since April last year in a bid to mend ties

China cuts rates as economic recovery weaker than expected

The world's second-biggest economy saw a bounce in business activity as some coronavirus restrictions eased in June, but the boost...
  • China's industrial production rose 3.8 percent on-year, down from a 3.9 percent jump in June
  • Retail sales grew at a slower-than-expected 2.7 percent from a year ago, down from 3.1 percent in June

Egypt mourns 41 killed in Cairo church fire

Witnesses to the fire Sunday morning described people rushing into the multi-storey house of worship to save those trapped, but...
  • President Abdel Fattah al-Sisi directed the Armed Forces Engineering Authority to "take over the reconstruction and renovation" of the church
  • A statement from the office of UN Secretary-General Antonio Guterres offered his "deepest condolences" to the families of the victims

Sanction partners: Iran’s top automaker eyes Russian market

Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...
  • The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.
  • "We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.

UAE authorities urge caution on roads as dust storms return

Large parts of the United Arab Emirates were hit by dust and sandstorms on Sunday as authorities urged caution on...
  • Homes and landmarks in major cities were caked in a fine layer of brown dirt and visibility plunged in the latest adverse weather following a series of such storms in Middle East.
  • Forecasts of rainstorms this week, unusual in high summer in the desert state, follow the deaths of seven Asian migrants in flash flooding last month.

Aramco posts record profit of $48.4bn in Q2

Net income leapt 90% for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5bn...
  • Aramco said its income rose 22.7 percent from Q1 in "strong market conditions"
  • The quarterly profits, the highest since Aramco's IPO in late 2019, beat analyst forecasts of $46.2 billion

Egypt appoints new ministers in cabinet reshuffle

A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel...
  • Sisi's official Facebook page said the president had urged parliament to discuss the changes in the more than 30-strong cabinet
  • The reshuffle does not include the key defense, interior, finance or foreign ministries

Iraqis grow weary of squabbling political parties

Iraq has been ravaged by decades of conflict and endemic corruption. It is blighted by ailing infrastructure, power cuts and...
  • Political deadlock has left Iraq without a new government, president or prime minister following general elections 10 months ago
  • Coordination Framework says it wants a new government as quickly as possible, and its supporters on Friday began their own sit-in to press for that demand

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

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Paris crowns champion waiters in one-of-a-kind ‘cafe race’

Paris, France -- Visitors to central Paris were treated Sunday to the sight of hundreds of aproned waiters surging through the...

Gaza fighting rages as UN chief decries ‘horror and starvation’

Guterres urged an end to the "non-stop nightmare" endured by Gaza's 2.4 million people in a visit to the Egyptian...

IMF chief calls upon China to boost growth with pro-market reforms

BEIJING, CHINA – The head of the International Monetary Fund on Sunday called on China to implement "a comprehensive package of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Under siege, Sudanese risk their lives to feed each other

Sameh Makki's soup kitchen is barely 100 meters from the market, but it can take two hours to make the...
  • When war erupted, the resistance committees of Youth created Emergency Response Rooms to provide civilians in the line of fire with healthcare, evacuation help and food aid
  • International aid groups call them the frontline of Sudan's humanitarian response and the United Nations has said ERRs have helped over four million civilians across Sudan

Chinese-owned tanker hit by Houthi missile in Red Sea

The Panamanian-flagged, Chinese-owned and operated Huang Pu issued a distress call but did not request assistance, US Central Command said....
  • CENTCOM said Houthi rebels had launched four anti-ship ballistic missiles in the Red Sea
  • It added that, after the attack, US forces engaged six drones launched by the Houthis

Three wounded in Israeli strikes in east Lebanon

Israel has been launching air strikes deeper into Lebanese territory for several weeks against Hizbollah positions, heightening the threat of...
  • The Israeli military said in a statement fighter jets "struck a Hizbollah manufacturing site"
  • At least 323 people have been killed in Lebanon, most of them Hizbollah fighters