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

Ukraine asks Turkey to detain Russian cargo ship

Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied...
  • Kyiv's ambassador to Ankara said the ship had set sail from Ukraine's Kremlin-occupied port of Berdyansk
  • The Marinetraffic.com website said the 140-metre general cargo vessel was sailing under the Russian flag

Strong earthquake shakes southern Iran, killing five

At least five people were killed and 19 injured when a strong earthquake shook southern Iran early Saturday, the state...
  • Situated on the edge of several tectonic plates and crossing various fault lines, Iran is an area of strong seismic activity
  • Hormozgan governor said most of the damage occurred in the village of Sayeh Khost, close to the epicenter

High up in Turkish valleys, Afghan shepherds dream of home

President Recep Tayyip Erdogan estimates that 300,000 Afghans now live in Turkey, which also hosts 3.7 million people from war-ravaged...
  • President Erdogan estimates that 300,000 Afghans now live in Turkey, which also hosts 3.7 million people from Syria
  • Tunceli native Mustafa Acun says the locals have grown used to Afghans taking care of their herds

Equity markets mixed as eurozone inflation hits record

Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but...
  • Investors are coming off the worst six-month start to a year for the S&P 500 since 1970
  • The ECB stated last month that it will deliver its first interest rate hike in more than a decade in July to combat inflation

Libyan protesters storm parliament building in Tobruk

Protesters stormed Libya's parliament building in the eastern city of Tobruk on Friday, demonstrating against deteriorating living conditions and political...
  • While recognising "the right of citizens to demonstrate peacefully", parliament condemned "acts of vandalism and the burning" of its headquarters
  • Two governments have been vying for power for months: one based in Tripoli, led by Dbeibah, and another headed by former interior minister Fathi Bashagha

In the ‘borshch war’, Kyiv defeats Moscow

UNESCO inscribes the culture of cooking borshch soup in Ukraine on its list of endangered cultural heritage amid Moscow's opposition.
  • Ukraine considers borshch, a thick nourishing soup usually made with beetroot, a national dish.
  • UNESCO noted that the war had "threatened the viability" of the soup culture in Ukraine.

Metaverse mass adoption may be years away, says Borget

The metaverse version -- where players largely do the same thing but can earn cryptocurrency rewards and buy extra kit...
  • Borget is co-founder of The Sandbox, a platform that began as a game for mobile phones and PCs but is transforming itself into a virtual world
  • Brands like Gucci and Adidas, financial firms Axa and HSBC, and Warner Music are among those who have chosen to set up shop in The Sandbox

Horseshoe crab vital for vaccine safety

Their bright blue blood has been essential for testing the safety of biomedical products since the 1970s, when it replaced...
  • Around 10 percent of the population is lost each year  as their exposed undersides bake in the Sun.
  • Every year around 500,000 horseshoe crabs are harvested and bled for a chemical called Limulus Amebocyte Lysate, vital for testing against a type of bacteria.

Siemens writes off $2.8 billion

The move came after share price of its former energy unit fell sharply.
  • The drop in the value of Siemens Energy meant the parent company's 35 percent holding in the spin-off at "significantly below the book value".
  • Siemens Energy's wind-energy subsidiary Siemens Gamesa has struggled to turn a profit despite surging demand for renewable energy.

Qatar gives cash-strapped Lebanese army $60m

Lebanon is grappling with an unprecedented financial crisis, branded by the World Bank as one of the planet's worst since...
  • Lebanon is grappling with an unprecedented financial crisis, branded by the World Bank as one of the planet's worst since the 1850s
  • The small Mediterranean country defaulted on its debt in 2020, the local currency has lost around 90 percent of its value

Trump holds fresh talks with Netanyahu to end Gaza ‘tragedy’

Donald Trump and Benjamin Netanyahu met for the second time in 24 hours Tuesday as the US president intensified the...

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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,...

China to take ‘all necessary measures’ to protect interests after US TikTok vote

Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its...

OpenAI partners with Le Monde and Prisa Media

Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli strike kills Hamas member and two others in Lebanon

Beirut, Lebanon--Palestinian resistance group Hamas said one of its members was killed in an Israeli strike in south Lebanon on Wednesday...
  • The Palestinian resistance group said the man killed in the strike was Hadi Mustafa, a member of its armed wing in Lebanon
  • Lebanon's official National News Agency said three people were killed in the strike, including a Syrian passing by on a motorcycle

Biden and Trump gird for marathon White House race

Both are unpopular with large sections of a populace wary of handing the keys to the most powerful office in...
  • President Joe Biden and his predecessor Donald Trump - the oldest pair of nominees in history - emerged this week from a primary season that has inflicted battle scars on both
  • The 81-year-old incumbent Democrat and his Republican foe, 77, see their rematch on November 5 as an existential moment for America and have spent months trading personal insults

Gaza aid port plans ‘sign of international weakness’: Amnesty

Agnes Callamard, secretary general of Amnesty, said nobody was holding Israel to account over the delays to deliveries by land...
  • Gaza is suffering a severe humanitarian crisis as Israel's war on the strip drags on
  • Israel's war on the enclave has killed at least 31,272 people in the besieged enclave