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

China’s Baidu to deploy driverless cars on Uber

Beijing, China -- Chinese internet giant Baidu plans to launch its driverless cars on ride-hailing app Uber in Asia and...

Business

Trump gives Russia 50 days to make Ukraine deal or face new economic sanctions

US President Donald Trump told Russia on Monday to end its Ukraine war within 50 days or face massive new...

Geostrategy
Geostrategy

Egypt works behind-the-scenes to douse Gaza violence

Egypt has been working behind-the-scenes to bring about de-escalation in the hostilities between Israel and Islamic Jihad in Gaza.
  • Egyptian mediation efforts began on Friday when Israel launched attacks on what it described as Islamic Jihad targets
  • An Islamic Jihad delegation may travel to Cairo later on Saturday
Business

Amazon buys iRobot for $1.7bn

The deal reinforces its interest in robotics and automation.
  • iRobot, building robots and "intelligent home" innovations, introduced Roomba self-operating vacuums a decade ago
  • The deal to buy iRobot for $61 per share along with acquiring the company's debt is subject to approval of shareholders and regulators
Geostrategy

China drills reveal plans for Taiwan blockade: experts

The visit to Taiwan by US House Speaker Nancy Pelosi -- second in line to the presidency -- sparked outrage...
  • It is the first time Chinese exercises have taken place so close to Taiwan, with some of the drills happening less than 20 kilometres from the island's coast
  • A "blockade scenario" was long speculated to be one of China's preferred strategies were it to try and conquer the island
Geostrategy

Violence breaks out in Tripoli as two Libyan rival groups clash

Peace eludes Libya two years after a landmark truce ended a ruinous attempt by eastern military chief Khalifa Haftar to...
  • According to media reports the fighting, with light and heavy weapons, occurred in the El Jebs district in the city's south
  • Although the transitional government had a mandate to lead the country to elections last December, but they never took place due to division over candidates
Geostrategy

Tens of thousands pray in show of force by Iraq cleric Sadr

Sadr, a longtime political and religious force in the oil-rich but war-scarred country, has for months been in a political...
  • After the prayers, hundreds returned to the vicinity of parliament, whose air conditioned halls and marble floors they had occupied since last Saturday
  • Supporters of Sadr are ready to follow him almost blindly and view him as a champion of the anti-corruption fight.
Business

Elon Musk accuses Twitter of fraud as court battle heats up

The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging...
  • Musk has argued in the filing to a court that the number of users actually shown advertising on the platform is about 65 million lower than the firm's 238 million figure
  • Twitter in turn has accused Musk of fabricating a story to escape a merger agreement that he no longer found attractive
Arts & Culture

Saudi exhibit enlivens the Prophet’s Hijrah

Three years in the making, the exhibition features work by academics and artists from 20 countries. It incorporates centuries-old artifacts...
  • Opened to the public this week, it will be housed for nine months at the Ithra Museum in the eastern city of Dhahran before touring domestically and then abroad.
  • Short films by American director Ovidio Salazar depict how elders from the Quraysh tribe plotted to kill the Prophet Mohammed, prompting him to flee,
Geostrategy

Islamic Jihad militant among 15 killed in Israel strike on Gaza

Gaza's health ministry reported "a five-year-old girl, targeted by the Israeli occupation" was among nine people killed. A further 55...
  • The Israeli army said the bombardment was part of an operation "against targets in the Palestinian Islamic Jihad" group.
  • Flames poured out of a building in Gaza City following the air strikes, while wounded Palestinians were evacuated by medics.
Economy

Three more grain ships leave Ukraine: Turkey

Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for...
  • Moscow and Kyiv agreed in Istanbul last month to resume shipments of wheat and other grain from Ukrainian ports for the first time since Russia invaded its neighbor in February
  • The ship's passage is being overseen by an international team that includes officials from Turkey, the UN and the two warring parties
Geostrategy

What is Iraqi cleric Sadr’s latest political endgame?

Nomination of former cabinet minister Mohammed Shia al-Sudani as prime minister angered the Sadrists and triggered their occupation of parliament.
  • Nomination of former cabinet minister Mohammed Shia al-Sudani as prime minister angered the Sadrists and triggered their occupation of parliament
  • In multi-confessional and multi-ethnic Iraq, government formation has involved complex negotiations since a 2003 US-led invasion toppled dictator Saddam Hussein

China’s Baidu to deploy driverless cars on Uber

Beijing, China -- Chinese internet giant Baidu plans to launch its driverless cars on ride-hailing app Uber in Asia and...
Business

Company News

Latest News

Iraqi PM to visit Washington for troop talks

Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence,...
Geostrategy

EU to tell big tech firms to curb election risks or face fines

BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle...
Geostrategy

Russia’s central bank holds rates amid high inflation

MOSCOW, RUSSIA – Russia's central bank held interest rates unchanged on Friday as Moscow's military offensive on Ukraine has led to...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...
  • US has repeatedly blocked ceasefire resolutions at the UN Security Council but tried to pass a text mentioning an "immediate ceasefire as part of a hostage deal".
  • World leaders including staunch allies of Israel backed the renewed diplomatic push.
Geostrategy

UNSC to vote on new Gaza truce resolution after Russia, China veto US bid

The draft resolution, seen by AFP, "demands an immediate ceasefire" for the ongoing Muslim holy month of Ramadan that leads...
  • Three European nations -- Malta, Slovenia and Switzerland -- are co-sponsoring the resolution, along with Mozambique, Guyana and Sierra Leone.
  • Russia and China had vetoed a US-led draft resolution saying it did not pressure Israel, as Moscow accused Washington of a "hypocritical spectacle."
Geostrategy

Libya to continue Tunisia border closure till end of smuggling

Tripoli, Libya - Libya's shutdown of its main border crossing with Tunisia this week will remain in force until authorities put...
  • Authorities aim to "ensure the security of the borders and combat crime and smuggling," Interior Minister Imad Trabelsi said.
  • The crossing was shut down on Tuesday after clashes between armed groups and security forces on the Libyan side the night before.