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

Tunisians vote on constitution set to bolster President Saied’s rule

The referendum comes a year to the day after Saied sacked the government and froze parliament in a power grab...
  • The new constitutional draft would enshrine a highly presidential system with no provision for removing the president from office.
  • President would appoint a government, could dismiss ministers unilaterally with no role of parliament in forming administration.

Will not be rushed into quick nuclear deal, says Iran

Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world...
  • Iran says it will not sacrifice the country's fundamental interests with a rushed process, claiming it was being put under psychological pressure
  • Talks in Vienna that started in April 2021 to restore the deal have stalled since March amid differences between Tehran and Washington on several issues

Egypt court calls for live broadcast of execution of killer

An Egyptian court called Sunday for a legal amendment to allow the live broadcast of the execution of the killer...
  • The criminal court which sentenced Adel in Mansoura called on the legislature to amend the law governing capital punishment, in order to allow the execution to be broadcast live
  • The maximum penalty for murder is death in Egypt, which carried out the world's third highest number of executions in 2021, Amnesty said

Turkey summons Swedish diplomat to explain ‘terrorist propaganda’

Sweden's charge d'affaires in Turkey was summoned at the weekend to explain the use of what Ankara alleges is "terrorist...
  • Turkish President Recep Tayyip Erdogan has accused Sweden and Finland of being havens for Kurdish militants
  • Turkey's display of displeasure follows events in Sweden last week to commemorate the 10th anniversary of the Kurdish uprising in northern Syria

King Abdullah of Jordan protests border attacks by Iran-tied militias

King Abdullah II protested in an interview against attacks on Jordan's borders by "militias linked to Iran", following deadly clashes...
  • The king told Al-Rai newspaper that Jordan faces regular attacks on its borders by militias linked to Iran
  • The Jordanian army conducts regular anti-smuggling operations on the border with Syria, where Iran-backed fighters support the Damascus regime in a civil war that erupted in 2011

Russia assures Egypt of providing grains as per order

Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a...
  • Foreign Minister Lavrov said that Russian exporters of cereals will fulfil their orders and provide grains to Egypt and other countries
  • Lavrov's visit comes hot on the heels of a landmark deal Russia and Ukraine signed on Friday with the United Nations and Turkey

Women of Gaza struggle to break free

The Palestinian Central Bureau of Statistics said 38 percent of women in Gaza faced physical or psychological violence from their...
  • Palestinian civil society group registered six killings and suspicious deaths related to domestic violence in 2019, a figure which rose to 19 the following year
  • Fifteen years since the Israeli-led blockade of Gaza began, it is almost impossible for women fleeing violence to leave the Palestinian enclave

US Fed looks to hike interest rate to douse runaway inflation

US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the...
  • The Fed holds its two-day policy meeting next week, where it is expected to hike the benchmark borrowing rate on Wednesday by another three-quarters of a percentage point
  • Officials have said the US economy is strong enough to withstand higher rates without a serious downturn, but others say they are overly optimistic

Iraq and Kurdistan decide to talk to resolve oil dispute

The federal government in Baghdad and the autonomous Kurdish region pledged Saturday to "increase dialogue" to ease a simmering oil...
  • The announcement came during a rare visit to the Iraqi capital by the Kurdish region's prime minister. Masrour Barzani, who had not visited Baghdad since 2019
  • The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil extracted from its territories

Egypt banks on small farms to overcome wheat shortage

Egyptian smallholders grow nearly half of the country's crops, a lifeline role increasingly important after grain imports were stalled by...
  • Egypt relied on Russia and Ukraine for 80 percent of its imports for wheat, providing the flour for Egypt's traditional flat bread
  • In March, Cairo ordered farmers to grow wheat, calling the "compulsory delivery" orders a "patriotic duty"

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

On the ground, civil defense agency spokesman Mahmud Bassal said at least 43 people were killed in the latest Israeli...

Company News

Latest News

EU members to discuss Bosnia entry into Union

Brussels, Belgium - A group of EU countries including Germany on Tuesday pushed for a green light to start membership negotiations...

Israel strikes ammunition depot of Hizbollah in Syria

Beirut, Lebanon - Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said,...

Federal Reserve begins two-day talk on interest rates

Washington, United States - The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...
  • Many clubs across the world already deploy experts to comb through video and data to carefully plan corner kick scenarios ahead of matches.
  • Google DeepMind, the AI arm of the US tech giant, also targeted corners for its new TacticAI system in research.

AstraZeneca to buy Fusion

The $2.4bn deal is its latest expansion into cancer treatments.
  • Fusion is developing next-generation radiotherapy to treat cancer via precise targeting that minimizes damage to healthy cells
  • AstraZeneca, whose cancer treatments represent a third of its overall sales, saw its share price drop one percent following the news

Planet ‘on the brink’, with new heat records likely in 2024: UN

The annual State of the Climate report by the UN weather and climate agency confirmed preliminary data showing 2023 was by...
  • "Earth's issuing a distress call," UN chief Antonio Guterres said in reaction to the report, pointing out that "fossil fuel pollution is sending climate chaos off the charts".
  • One especially worrying finding was that marine heatwaves gripped nearly a third of the global ocean on an average day last year.