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

European Union says Israel has agreed to ‘expand’ Gaza aid access

"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid...

Geostrategy

Israeli army says intercepted missile launched from Yemen

The Israeli army said early Thursday it had intercepted a missile launched from Yemen, days after carrying out strikes on...

Geostrategy
Business

Netflix partners with Microsoft to offer cheaper streaming plan

The ad-supported subscription will be in addition to the three options already available, the cheapest being $10 per month in...
  • The ad-supported subscription will be in addition to the three options already available, the cheapest being $10 per month in the United States
  • Microsoft will be responsible for designing and managing the platform for advertisers who want to serve ads to Netflix users
Economy

US inflation climbs to 9.1%, highest in 40 years

US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on...
  • Government data released Wednesday showed a sharp, faster-than-expected increase in the consumer price index compared to May driven by significant increases in gasoline prices
  • The war in Ukraine has pushed global energy and food prices higher, and US gas prices at the pump last month hit a record of more than $5 a gallon
Economy

Equities fall, euro slides below $1 on US inflation data

Global stocks fell Wednesday and the euro dipped below $1.00 for the first time in nearly 20 years after data...
  • Stock prices on Wall Street retreated after a sharp uptick in US inflation to 9.1 percent in June increased the risk of a possible recession
  • The economic prospects for the 19-country eurozone are also darkening as a possible halt to Russian gas supplies increases the risk of recession
Geostrategy

Melilla migrants likely died of ‘suffocation’: Moroccan probe

At least 23 migrants who died last month in a mass attempt to enter the Spanish enclave of Melilla from...
  • The United Nations, the African Union and independent rights groups have denounced the use of excessive force by Moroccan and Spanish security personnel
  • The CNDH defended Moroccan forces' actions, saying such cases were "isolated" and citing the danger posed by "the large number of migrants" carrying sticks and stones
Geostrategy

Biden vows to advance Israel’s integration into Middle East

Air Force One will make a first direct flight from Israel to Saudi Arabia amid efforts to build ties between...
  • Biden, 79, will also meet Palestinian leaders angered by what they describe as Washington's failure to curb Israeli aggression.
  • The persistent frustrations of Israeli-Palestinian diplomacy are nothing new for Biden, who first visited the region in 1973 after being elected to the Senate.
Economy

Supply risks still haunt market despite high oil prices: IEA

The Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and...
  • The IEA now expects oil demand to rise this year to 99.2 million barrels per day (mbd) and to 101.3 mbd next year.
  • Meanwhile, supply climbs to 100.1 mbd this year. But even if it hits an expected record of 101.1 mbd next year, it will fall below demand.
Economy

Libya’s National Oil Corporation lifts force majeure at key terminals

Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...
  • Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.
  • The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.
Science

Webb Telescope’s images contain new insights

The James Webb Space Telescope's first images aren't just breathtaking they contain a wealth of scientific insights and clues that...
  • Webb captured the signature of water, along with previously undetected evidence of clouds, haze and regions of star formation
  • Astronomers will use Webb to delve deeper into specifics about "planetary nebulae" like these, which spew out clouds of gas and dust
Geostrategy

Biden’s visit may spur start of Saudi-Israeli diplomatic ties

Israel hopes US President Joe Biden's Middle East tour will hail the start of diplomatic ties between the country and...
  • Israel expanded its regional reach with US backing in 2020 when it formalized ties with the United Arab Emirates, Bahrain, and Morocco
  • Amid the normalization deals with Arab nations, Israeli media reported then prime minister Benjamin Netanyahu travelled to Saudi Arabia for secret talks
Geostrategy

Israel to laser in on Iranian drone threat as Biden visits

Moments after US President Joe Biden touches down in Tel Aviv on Wednesday, the Israeli military will show him new...
  • This month, the Israeli military said it had intercepted a total of four unarmed drones headed for an offshore gas rig
  • As concerns mount over drone warfare, Israel hopes the new "Iron Beam" system will secure its skies

European Union says Israel has agreed to ‘expand’ Gaza aid access

"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid...
Geostrategy

Company News

Latest News

Israel cabinet to meet on Sunday on Doha truce talks

Jerusalem--Israel's security cabinet is set to meet Sunday to discuss the "mandate" of a delegation due to travel to Doha...
Geostrategy

Israeli attack on Ramadan Friday kills 36 relatives in Gaza

Israel's military campaign against Gaza has killed at least 31,553 people, mostly women and children, according to the Hamas-run territory's...
Geostrategy

Israeli fighter jets bomb Syria weapons depot

Israel has launched hundreds of air strikes on targets in Syria since civil war broke out in 2011, mainly targeting...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Syria landmine blast kills 19 truffle hunters, says war monitor

BEIRUT, LEBANON – At least 19 people searching for truffles in the north Syria desert were killed on Saturday after their...
  • Between February and April each year, hundreds of impoverished citizens risk their lives searching for truffles in the vast Syrian desert.
  • Recent weeks have seen repeated deadly mine blasts as Syrians hunt for truffles even as authorities have warned against the practice.
Geostrategy

Houthi, Hamas mull ‘encircling’ Israel in Lebanon meet

Yemen's Iran-backed Houthi rebels discussed "expanding confrontations and encircling" Israel in a meeting in Lebanon with Hamas and other Palestinian...
  • The two groups discussed "mechanisms to coordinate their actions of resistance" for the "next stage" of the war in Gaza.
  • They discussed the "complementary role of Ansar Allah (the Houthis) alongside Palestinian factions, especially in the event of an Israeli offensive on Rafah".
Geostrategy

Gaza strike kills 36 relatives in first Friday of Ramadan

Palestinian Territories - Displaced by Israeli bombardment, the Tabatibi family gathered in central Gaza to eat together during the first...
  • An air strike hit the building where they were staying as women prepared the pre-fasting meal, killing 36 members of the family, survivors said.
  • Because there were not enough body bags, some of the dead - including at least two children - were wrapped in white cloth stained with blood.