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

Use of eco-friendly rice bricks surges in water-scarce Kyrgyzstan

Rice blocks require less cement, which is responsible for approximately eight percent of global carbon dioxide emissions, according to 2023...

Iran says indirect nuke deal talks with US to resume this week

Talks to revive the nuclear deal began in Vienna in April last year but hit a snag in March this...
  • The negotiations will be separate from broader talks in Vienna between Iran and major powers that are mediated by the EU.
  • The nuclear deal has been hanging by a thread since 2018, when then US president Donald Trump unilaterally withdrew from it.

Arab, Israeli countries deepen cooperation ahead of Biden visit

The United States, Israel and four Arab countries agreed to closer cooperation and annual foreign ministers' meetings on Monday, two...
  • Bahrain, host of the six-way talks, the United Arab Emirates and Morocco all opened ties with Israel under the US-brokered Abraham Accords in 2020.
  • Monday's meeting follows a foreign ministers' summit in the Negev desert in March, and comes ahead of Biden's visit to Israel.

Israel to pay housing allowance to South Lebanon Army veterans

Israel on Sunday approved housing allowances for South Lebanon Army (SLA) veterans residing in the Jewish state, providing "historic justice"...
  • Israeli army said the decision of housing allowances for South Lebanon Army had been four years in the making
  • Many SLA veterans say they feel Israeli authorities have abandoned them in their adopted home, often working in low-paying jobs and unable to return to Lebanon

AU urges probe into deaths of Africans at Spain-Morocco border

The African Union Commission chief has voiced his shock at the "violent and degrading" treatment of African migrants trying to...
  • At least 23 migrants died and 140 police officers were wounded in the ensuing violence
  • It was the heaviest toll in years of such attempts to cross the frontier at Melilla

Markets extend rally as rate hike fears subside

Asian and European markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street...
  • A string of weak data has led many investors to believe that inflation may have plateaued or is about to, giving room for banks to be less hawkish
  • While Fed chiefs continue to flag further big interest rate hikes in the pipeline, expectations for a prolonged period of increases have waned

UN meet aims to restore faltering health of global oceans

A long-delayed UN conference on how to restore the faltering health of global oceans kicks off in Lisbon Monday, with...
  • The conference will see a push for a moratorium on deep-sea mining of rare metals needed for a boom electric vehicle battery construction
  • Microplastics found inside Arctic ice and fish in the ocean's deepest trenches are estimated to kill more than a million seabirds

Qatar warns of ‘legal action’ against use of World Cup logo

Qatar warned the general public Sunday against the use of unauthorized vehicle license plates with the FIFA World Cup Qatar...
  • Fifty license plates bearing the World Cup logo were put up for auction in May, with the most expensive one going for 1.8 million Qatari riyals ($494,000)
  • In May, the Qatari authorities said five people were arrested "for promoting the sale of clothes bearing the FIFA World Cup Qatar 2022 logo without obtaining prior approval

Hong Kong leads rally across Asian markets

Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets,...
  • The Hang Seng Index jumped 3.15 percent, or 684.47 points, to 22,403.53 -- its highest level since early April
  • Macau casino operators were also on the front foot on hopes for a possible announcement on the easing of Covid containment measures

Iraq PM visits Saudi Arabia and Iran to broker peace

Iraq's prime minister met with leaders in rivals Saudi Arabia and Iran on Sunday, discussing regional stability as part of...
  • Mustafa al-Kadhemi visited Iranian President Ebrahim Raisi in Tehran, after earlier meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in the Saudi city of Jeddah
  • Iran and Saudi Arabia support rival sides in several conflict zones around the region

Iran carries out second test launch of satellite carrier

Iran's defense ministry said Sunday it has carried out a second test launch of a satellite carrier, ahead of the...
  • The Zoljanah can put satellites in a "500-kilometre (310-mile) altitude orbit and carry a 220-kilogramme (1,100-pound)" payload
  • Iran insists its space program is for civilian and defense purposes only, and does not breach the 2015 nuclear deal between Iran and world powers

Five IDF soldiers killed, 14 injured in roadside bombing in Northern Gaza

Five Israeli soldiers were killed and 14 others injured late Monday night when a roadside bomb exploded during an ongoing...

Company News

Latest News

Adidas posts 2023 loss

In 2024, it expects sales to grow at a "mid-single-digit rate".

Suspected gas explosion rocks town in northern China

Footage online circulated by state media showed a huge explosion that sent plumes of smoke and fire across a busy...

Volkswagen profit up

It delivered some 9.2 million cars to customers in 2023.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel claims to have hit 4,500 Hizbollah targets in five months

Jerusalem--The Israeli army said Tuesday it hit about 4,500 Hizbollah targets in Lebanon and Syria over the past five months,...
  • The Israeli army said the targets were hit from the air and from the ground and included "weapons storage facilities, military structures"
  • The statement came after a Lebanese security source said Israeli strikes on eastern Lebanon killed one person earlier on Tuesday

Trump, Biden clinch enough delegates for US presidential nomination

The results in four statewide elections Tuesday, the latest in the months-long march to determine the Democratic and Republican party...
  • Biden crossed the threshold of 1,968 delegates needed when he won Georgia - a US swing state where Trump faces trial over an alleged conspiracy to steal the last election.
  • Trump's victory in Washington helped him secure the 1,215 delegates needed to earn the Republican nomination and to propel him into the cauldron of a presidential race

Morocco dispatches aid to Gaza through Israeli airport

A diplomatic source said the food aid has arrived at Ben Gurion airport near Tel Aviv before being transferred to...
  • Aid trucks have generally entered the Gaza Strip via Egypt since Israel's war on Gaza
  • The United Nations has repeatedly warned of looming famine in the Gaza Strip