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

Japan’s World Barber Classic tries to bring back business

Tokyo, Japan -- Hundreds of rowdy spectators, many heavily tattooed, roared Monday at a Tokyo arena usually reserved for boxing...

Geostrategy

Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked

Israel's military blamed it on a "technical error" when targeting a militant in the Nuseirat refugee camp in central Gaza,...

Geostrategy
Geostrategy

Focus on OPEC+ in Wednesday meet as crude prices surge

The 13 core members of OPEC find themselves at a crossroads. After the drastic output cuts they agreed to in...
  • According to the London-based research institute Energy Aspects, OPEC+ could adjust its current agreement in order to keep raising crude production volumes.
  • Any decision on Wednesday will have to be unanimous, which may lead to a longer meeting than normal.
Geostrategy

Iran says ‘optimistic’ after European Union proposal for nuclear deal

Iran said Monday it remains "optimistic" about a possible revival of the 2015 nuclear deal after the European Union tabled...
  • The comment comes after EU foreign policy chief and coordinator of the nuclear talks between Iran and world powers, Josep Borrell, last Tuesday submitted a new draft text.
  • Negotiations in Vienna began in April 2021 to restore the deal, but have stalled since March amid differences between Tehran and Washington on several issues.
Geostrategy

American envoy hopeful on Lebanon-Israel maritime border talks

"I remain optimistic that we can make continuous progress as we have over the last several weeks and I look...
  • The dispute between the neighbours escalated in early June, after Israel moved a production vessel near the Karish offshore field, which is partly claimed by Lebanon.
  • Lebanon initially demanded 860 square km of territory in the disputed maritime area but then asked for an additional 1,430 square km, including part of the Karish field.
Business

Algeria eyeing entry into Russia-linked BRICS group

Algerian President Abdelmadjid Tebboune has suggested that his country, Africa's largest natural gas exporter, could join the BRICS economic group...
  • Tebboune's comment of joining BRICS came after Russian President called on BRICS leaders to move towards "formation of a multipolar system of inter-government relations"
  • The President participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of "selfish actions" from the West
Geostrategy

August signing of Chad peace plan expected in Qatar: sources

Qatar seeks to hold a ministerial summit in early August to seal an accord between Chad's military government and opposition...
  • The Gulf state's mediators will meet with rebel negotiators this week in a bid to sway holdout groups
  • Diplomats monitoring the talks say there has been progress and a majority of groups have agreed to sign an accord
Business

First wheat shipment leaves Ukraine as war heats up

The first shipment of Ukrainian grain left the port of Odessa on Monday morning, Turkey announced, as Kyiv said the...
  • The blockage of deliveries from warring Russia and Ukraine -- two of the world's biggest grain exporters -- has contributed to soaring food prices
  • The Joint Coordination Center, the organization overseeing the grain exports, said the Razoni is carrying "over 26,000 metric tonnes" of maize
Geostrategy

US envoy pushes Lebanon-Israel talks over maritime dispute

US envoy Amos Hochstein arrived in Beirut Sunday to push talks to resolve a bitter maritime border dispute between Lebanon...
  • Hochstein met with Lebanon's Energy Minister Walid Fayad on Sunday, and is scheduled to meet with President Michel Aoun and prime minister Najib Mikati the following day
  • The maritime border dispute between Lebanon and Israel escalated in early June, after Israel moved a production vessel to the Karish offshore field, partly claimed by Lebanon
Arts & Culture

Tunisia library races to preserve rich polyglot press archive

The library's collection includes some 16,000 titles printed in Tunisia -- numbering hundreds of thousands of editions of newspapers and...
  • The library's collection includes some 16,000 titles printed in Tunisia -- numbering hundreds of thousands of editions of newspapers and periodicals
  • Most of the newspapers are in Arabic, with the oldest from the mid-19th century when Tunisia was an Ottoman province
Geostrategy

Yair Lapid urges UN to disband rights panel investigating Israel

Israeli Prime Minister Yair Lapid on Sunday upped pressure on the United Nations to disband a commission investigating Israel, appealing...
  • The Commission of Inquiry (COI) investigating abuses in Israel and the Palestinian territories was created by the UN Human Rights Council last year
  • Commission chief defended Kothari's comment and said it reflected the "commission's disappointment with the continued lack of cooperation" from Israel with its investigation
Geostrategy

Moqtada Sadr urges more protests as supporters occupy parliament

Powerful Iraqi Shiite preacher Moqtada Sadr Sunday urged other factions to support a protest that has seen his followers occupy...
  • Nearly 10 months after elections, the oil-rich country is still without a new government due to the repeated failure of negotiations and the resignation last month of Sadr's bloc
  • Sadr's bloc emerged from elections in October as the biggest parliamentary faction, but still far short of a majority

Japan’s World Barber Classic tries to bring back business

Tokyo, Japan -- Hundreds of rowdy spectators, many heavily tattooed, roared Monday at a Tokyo arena usually reserved for boxing...
Geostrategy

Company News

Latest News

Death toll in Israeli attack on West Bank refugee camp rises to 4

"Palestine Red Crescent ambulance teams have just transported an 18-year-old young man who was killed by the Israeli occupation forces...
Geostrategy

IMF chief urges countries to strengthen independence of central banks

"Financial stability benefits the whole economy and reduces the risk that the central bank becomes reluctant to raise interest rates...
Economy

UN General Assembly to address AI’s potential risks, rewards

The resolution focuses more on the technology's positive potential, and calls for special care "to bridge the artificial intelligence and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Gold hits fresh record above $2,200 on rate cut hopes

The gains have been helped by a weaker dollar and the gold's attraction as a safe haven as geopolitical tensions...
  • Equity markets in New York and across Asia surged and the dollar retreated
  • Gold traders also joined the party to push the precious metal to as high as $2,220 per ounce
Business

Reddit to make trading debut on NYSE

It comes amid a slowdown in the tech sector IPOs.
  • The company is set to debut Thursday on the NYSE under the ticker RDDT after an IPO priced at $34 dollars a share
  • It was created in 2005 and was quickly sold to Conde Nast, the publisher of Vogue and the New Yorker magazine

‘US circulates draft UN resolution calling for immediate truce in Gaza’

"Of course, we stand with Israel and its right to defend itself... but at the same time, it's imperative that...
  • We actually have a resolution that we put forward right now that's before the United Nations Security Council that does call for an immediate ceasefire, Blinken said
  • The United States had previously used its UN Security Council veto to block the world body from calling for an immediate ceasefire in the Palestinian territory