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

Global youth unemployment set to slip to 73 million in 2022: UN

The figure is still six million higher than the pre-pandemic level of 2019, with the recovery in youth unemployment lagging...
  • Many dropped out of the labor force, or failed to enter it altogether, due to the difficulty of finding a job during Covid-19 lockdowns.
  • The Arab states have the highest and fastest-growing unemployment rate of young people worldwide at 24.8 percent, 42.5 percent for young women.

Economists appeal to US to return Afghanistan’s frozen assets

The economists said that the plunge in economic activity and the sharp cuts to foreign aid by previous supporters of...
  • 71 economists and development experts including Nobel economics prize winner Joseph Stiglitz and Yanis Varoufakis urged US to release Afghanistan's frozen assets
  • They said a recent US offer to give the Taliban access to half the money by setting up a trust with international oversight was not enough

Afghan refugee flight arrives in Spain from Pakistan

Foreign Minister Jose Manuel Albares was at Madrid's Torrejon de Ardoz airbase to meet them when the flight from Islamabad...
  • Like other Western nations, Spain in August 2021 rushed to evacuate Afghans who helped Spanish troops and diplomats, as Taliban took over Kabul
  • Madrid sent some 27,000 troops to Afghanistan over almost 20 years of involvement in the conflict of which a total of 102 of its soldiers died

Salt of the earth: Israeli artist’s Dead Sea sculptures

Landau works by suspending the objects in the salt lake from frames and later, she carefully liberates the brittle artefacts...
  • Landau works by suspending the objects in the salt lake from frames and later, she carefully liberates the brittle artefacts with the help of several assistants
  • Dozens of Landau's Dead Sea sculptures, as well as old and new video art installations, will be on display at the Israel Museum in October

Moqtada Sadr calls on judiciary to dissolve parliament

Sadr justified his calls for judicial action by noting that constitutional deadlines for appointing a new president and prime minister...
  • Sadr has invited MPs and his supporters to take legal action to demand that parliament be dissolved
  • Iraq's former PM earlier had called for parliamentary sessions to resume in order to study a possible dissolution of the body

Disney+ subscribers surge as Netflix stumbles

The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year...
  • The overall number of subscribers to Disney streaming services topped those of Netflix for the first time
  • Disney shares were up more than 6 percent in after-market trades that followed release of the earnings figures

Lebanese judge orders seizure of MPs’ property over port blast

The two former ministers Ali Hassan Khalil and Ghazi Zeaiter had been summoned for interrogation by the judge investigating the...
  • The blast killed more than 200 people, wounded thousands and damaged vast areas of capital
  • Lebanon marked two years on Thursday since the massive port explosion

Tunisia’s judiciary vetoes sacking of judges by President Saied

A total of 46 judges' sackings have been revoked, administrative court spokesman Imed Ghabri said, adding that the appeals of...
  • A June 1 presidential decree in the North African country saw Saied fire 57 judges, after accusing many of corruption and other crimes.
  • Fifty-three of those sacked -- including some accused of "adultery" -- had lodged appeals with the administrative court against Saied's move.

Qatar World Cup to start a day early to allow host play opening game

The opening match is scheduled to be held at the 60,000-capacity Al Bayt stadium, one of seven new venues purpose-built...
  • Qatar will now play Ecuador on November 20, 24 hours earlier than planned, in a move that FIFA's ruling council was expected to confirm soon.
  • Companies with major deals linked to the World Cup expressed confidence that the unusual schedule change could be handled smoothly.

Iraq launches rebuilding of Mosul airport destroyed in ISIS battle

Entire sectors of the northern metropolis have remained in ruins since the July 2017 recapture of Mosul by Iraqi forces...
  • Iraqi Prime Minister Mustafa al-Kadhemi laid the foundation stone for the renovation of the airport in an official ceremony at the airport.
  • At the end of 2021, the Red Cross estimated that 35 percent of west Mosul residents and less than 15 percent in east Mosul have enough water.

Israel launches strikes in Syria’s Druze area in defence of religious minority

Israel has sought to portray itself as a defender of the community, while also warning the Syrian government against maintaining...

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Hamas official speaks of big gaps with Israel in truce talks

An official from the Palestinian resistance group with knowledge of the talks said that there is a deep divergence in...

End war’s ‘nightmare’, UN chief says at gates of Gaza

Rafah, Egypt - UN chief Antonio Guterres, on a visit to the doorstep of Gaza, on Saturday said the world has...

Gaza health ministry says Israel kills 9 people waiting for aid

Palestinian Territories - The health ministry in Hamas-run Gaza said Israeli fire on Saturday killed nine people and wounded dozens...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Putin vows retribution on Moscow concert hall attacks, as toll rises

Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...
  • It is the deadliest attack on Russia in almost two decades and the deadliest in Europe to have been claimed by the Islamic State.
  • Russian officials expect the death toll to rise further, with more than 100 injured in hospital.

Nike’s long international struggle with Adidas

German newspapers reported that the American sports equipment giant overcame their rival's home advantage with a bid of around 100...
  • Nike scored their biggest upset this week when they persuaded the DFB to drop Adidas after four World Cup wins and 70 years
  • The Adidas contract with the German Football Federation will end after the 2026 World Cup in the United States, Canada and Mexico

US military says struck 3 Houthi underground storage sites in Yemen

The Houthis began attacking ships in the Gulf of Aden and the Red Sea in November, a campaign they say...
  • US forces "conducted self-defense strikes against three Houthi underground storage facilities in Iranian-backed Houthi controlled areas of Yemen," CENTCOM said
  • US forces had also "successfully engaged and destroyed four unmanned aerial vehicles" in Houthi-controlled areas of Yemen throughout Friday