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

Russia vetoes UN push to renew cross-border aid to Syria

Russia on Friday vetoed a UN Security Council resolution that would have extended cross-border aid to Syria by one year...
  • The aid is a lifeline for more than 2.4 million people in the northwestern Idlib region of Syria
  • British ambassador Barbara Woodward said Moscow veto will have a tragic impact.

Blinken meets China FM, seeks ‘constructive’ talks

US Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi voiced hopes of working together as they opened...
  • Wang said that President Xi Jinping believed in cooperation as well as "mutual respect" between the world's two largest economic powers
  • The meeting between the two, who were on the palm-fringed island for Group of 20 talks, is their first since October

Billions rely on wild species for food, fuel, income: UN

Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000...
  • Wild plants, algae and fungi provide food and income for one in five people globally, the report said, while some 2.4 billion people rely on wood for cooking.
  • Illicit trade in wild species is estimated to be worth between $69 billion and $199 billion a year, the third largest illegal market after human trafficking and drugs.

World food prices fell in June but remain very high: FAO

World food prices, including for wheat, fell in June for a third month running despite remaining near an all-time high,...
  • Export flow disruptions resulting from Russia's invasion of Ukraine on February 24 and international sanctions on Moscow have sparked fears of a global hunger crisis.
  • After a record spike in March due to the war, the FAO food price index -- a measure of the monthly change in international prices of a basket of food commodities -- fell 2.3%.

After war, Syrians in Jordan find joy and jobs in dance

Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians have arrived...
  • Jordan hosts almost 650,000 Syrians registered with the United Nations, but Amman estimates close to 1.3 million Syrians have arrived since 2011
  • The UN has said that close to 80 percent of Syrians in Jordan live below the national poverty line, surviving on three dollars per day or less

Asian stocks up as recession fears ease, yen rises after Abe shooting

The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign...
  • The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally
  • Equities were also boosted by reports that Beijing was considering a huge stimulus push to the struggling economy

German lawmakers recognize the 2014 Yazidi ‘genocide’

Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS.
  • Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS
  • Last November, a German court convicted an Iraqi of genocide against the Yazidi minority, a first in the world

Major Tunisia party urges boycott of constitution vote

Tunisia's Ennahdha party urged its supporters on Thursday to boycott a July 25 referendum on President Kais Saied's new constitution,...
  • The constitution, the centerpiece of Saied's drive to remake the Tunisian political system, sparked instant criticism for the nearly unlimited power it gives the president
  • The legal expert who headed a committee to draw up the new charter said the final text published by Saied had nothing to do with the text they drafted

Former Japan PM Shinzo Abe assassinated by gunman

The murder of the 67-year-old, who had been Japan's longest-serving leader, stunned the nation and prompted an international outpouring of...
  • A doctor said Abe had suffered two gunshot wounds to the neck and died of massive blood loss, despite being administered enormous transfusions.
  • The assassin has been identified as 41-year-old Tetsuya Yamagami, with many media outlets describing him as a former member of the Maritime Self-Defense Force, the country's navy.

Elon Musk deal to buy Twitter in danger: report

Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social...
  • According to the Post, however, Musk has been unable to pin down the percentage of Twitter accounts that are not genuine
  • Twitter shares, which were already trading lower than the price offered by Musk, sank about four percent on the news

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...

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Hamas, Houthis hold rare meeting: Palestinian sources

According to sources from Hamas and Islamic Jihad, leaders from the two Palestinian groups, as well as the Marxist Popular...

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...

Seven children among 22 dead as boat capsizes off Turkish coast

Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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European Union to sanction violent Israeli settlers and Hamas

Britain and the United States have already imposed sanctions on a small number of Israeli settlers accused of committing human...
  • A high-ranking EU official said that he expected foreign ministers from the bloc's 27 member states to give political backing to the moves.
  • The 27-nation EU has struggled for a unified position in the face of the Hamas attack and Israel's subsequent devastating military operation in Gaza.aZ

Nervous system disorders surpass heart ailments as top cause of illness

Paris, France - Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease...
  • More than 3.4 billion people -- 43 percent of the global population -- experienced a neurological condition in 2021, far more than had previously been thought, the analysis found.
  • The researchers looked at how 37 different neurological conditions affected ill health, disability and premature death across 204 countries and territories from 1990 to 2021.

First aid boat unloads in Gaza as Hamas proposes new truce

During the proposed truce, Gaza militants would release about 42 hostages seized during the October 7 attack that triggered the...
  • Spanish vessel Open Arms meanwhile was seen towing a barge loaded with 200 tons of food for Gazans threatened with famine after more than five months of war.
  • The United Nations has repeatedly warned of looming famine, with only a fraction of the supplies needed to sustain Gaza's 2.4 million people being let in.