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

Bezos flays US President for call to lower gasoline prices

Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting...
  • Soaring gasoline prices in US are sapping Biden's approval rating ahead of legislative elections
  • White House Press Secretary said on Sunday that oil prices have dropped about $15 a barrel over the past month

Turkish inflation hits two-decade high of 78.6%

Inflation in Turkey in June soared to an annual rate of 78.6 percent, the highest in 24 years, official data...
  • Economy Minister Nureddin Nebati on Friday "promised" that consumer prices will start dropping in December
  • The data showed that headline inflation was driven by a 123.4% jump in the cost of transportation and a 94% increase in non-alcoholic drinks.

Weathering sandstorms, Iraqis grit teeth and battle on

Another sandstorm has darkened Iraqi skies and it's hard to breathe, but Baghdad motorcycle delivery rider Milad Mitti doesn't have...
  • Iraq, still recovering from decades of war, is now facing new environment challenges on an unprecedented scale
  • Most Iraqis never bothered with face masks when the Covid pandemic was in full swing, but they do now

Israel to examine bullet that killed Al Jazeera journalist

Israel is to conduct a ballistics test on the bullet that killed Al Jazeera journalist Shireen Abu Akleh, the Israeli...
  • Army spokesman Ran Kochav's comment on army radio came after the PA gave the green light for the Americans, but not the Israelis, to examine the bullet
  • Investigations by the UN, as well as several journalistic probes, have found that the shot that killed Abu Akleh was fired by Israeli forces

A million pilgrims arrive in Mecca for Hajj, first since pandemic

White-robed worshippers from across the world have packed the streets of Mecca as Islam's holiest city prepares to host the...
  • At least 650,000 overseas pilgrims have arrived so far in Saudi Arabia, the authorities said Sunday
  • One million vaccinated pilgrims under the age of 65 will attend the hajj under strict sanitary conditions

Charter can lead to a dictatorship: Tunisian jurist

The Tunisian jurist who oversaw the drafting of a new constitution submitted to President Kais Saied said Sunday it has...
  • In July last year, Saied orchestrated a dramatic power grab, which many have denounced as a coup, sacking the government and freezing parliament
  • Saied has since his initial power grab moved to rule by decree and extended his powers over the judiciary and the electoral board

Tokyo equities climb up on back of Wall Street gains

Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the...
  • The benchmark Nikkei 225 index was up 0.71 percent, or 184.45 points, at 26,120.07 in early trade, while the broader Topix index was up 0.97 percent, or 17.92 points, at 1,862.96
  • Analysts said investors will be closely watching the outcome of this week's Federal Reserve meeting as well as speeches by senior officials from the US central bank

Jordan port workers strike as officials sacked over deadly gas leak

Hundreds of port workers staged a strike in Jordan on Sunday as the prime minister announced the sacking of several...
  • About 95 percent of the 2,300 Aqaba port workers participated in the strike, according to AFP
  • At least 13 people, including five Vietnamese nationals, were killed and more than 260 others injured

Shark kills 1 Austrian, 1 Romanian tourist in Egypt’s Red Sea

Two women, one Austrian and the other Romanian, were killed in a shark attack this week off the coast of...
  • The Red Sea is a popular tourist destination, where sharks are common but rarely attack people swimming within authorised limits
  • In 2018, a Czech tourist was killed by a shark off a Red Sea beach and a similar attack killed a German tourist in 2015

Tunisian jurist who oversaw drafting of new constitution resigns

Some articles of the draft constitution published last Thursday in the official journal could "pave the way for a dictatorial...
  • Constitution for a "new republic" is at the center of President Saied's program for rebuilding Tunisia's political system.
  • The president plans to hold a referendum on the constitution on July 25, to mark one year since his power grab.

Syrian designer Rami Al Ali to make history at Paris Couture Week

Paris, France -- As well as being optimistic about the future of his war-ravaged country, Rami Al Ali has other...

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UN probe: ‘No exchange of fire’ before Israel shelled media in Lebanon

Two Israeli shells hit the group in quick succession as they were working near the border village of Alma al-Shaab...

SpaceX mega rocket lost in final phase of third test flight

The sleek mega rocket is vital to NASA's plans for landing astronauts on the Moon later this decade -- and...

AstraZeneca to buy Amolyt for $1bn

It will pay $800 million upfront for the Lyon-based company.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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SpaceX poised for third launch test of Starship megarocket

Two previous attempts have ended in spectacular explosions, though that's not necessarily a bad thing: the company has adopted a...
  • Blastoff from the company's launch site in southeast Texas can occur beginning at 7:00 am local time (1200 GMT), after the Federal Aviation Administration
  • When the two stages of Starship are combined, the rocket stands 397 feet (121 meters) tall -- beating the Statue of Liberty by a comfortable 90 feet

Foxconn net profit jumps 33%

Its net profit for October-December rose to US$1.6bn.
  • The company said net profit for October-December rose to Tw$53.1 billion (US$1.6 billion)
  • The strong figures follow better-than-expected profits in its third quarter thanks to rising demand

Israeli lawmakers approve revised wartime budget

The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...
  • Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels
  • Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry