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 may take 10 years to build infrastructure to skirt blockade

It would take Ukraine a decade to build infrastructure to replace its Black Sea ports, whose blockade by Russia is...
  • Millions of tons of wheat and other grain have been stuck in Ukrainian ports since Russia invaded the country
  • Ukrainian minister said that evidence from satellite images showed Russia transporting stolen grain to Syria

Teenager killed by Israeli forces in West Bank: Palestinian sources

A Palestinian teenager died from his wounds hours after being shot by Israeli soldiers in the occupied West Bank, Palestinian...
  • Mohammad Hamad, 16, was shot and wounded on Friday evening near the town of Silwad, close to Ramallah in the northern West Bank
  • The death comes amid a spike in Israeli-Palestinian violence

Amnesty appeals to Egypt to release prominent activist

Amnesty International has called for the release of prominent Egyptian activist Alaa Abdel Fattah, who on Saturday marks 1,000 days...
  • Abdel Fattah was sentenced to five years in prison after he was convicted along with two others of "broadcasting false news"
  • The activist who gained UK citizenship from inside jail has been on hunger strike since April to protest his prison conditions

Turkey’s banned musicians sing the blues in run-up to 2023 vote

Artists fear that the fun is being drained out of Turkey to flatter the conservative Islamic core of Erdogan's eroding...
  • Artists fear that the fun is being drained out of Turkey to flatter the conservative Islamic core of Erdogan's eroding support
  • The conservatives' resurgent cultural influence under Erdogan is most vividly visible on the Turkish music scene

New rocket attack targets northern Iraq gas complex

A Katyusha rocket struck near an Emirati-owned gas complex in northern Iraq on Friday, a local official said, the second...
  • The rocket targeted the Khor Mor gas complex in the autonomous Kurdistan region without causing any injuries or damage
  • Energy infrastructure in the autonomous Kurdish region of northern Iraq has come under repeated attack in recent weeks

Oil prices and equities climb up as rate-hike worries taper off

Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates...
  • The broad-based S&P 500 added 3.1 percent to stand at 3,911.74 at the end of Friday's session, up almost 6.5 percent for the week
  • The recoveries come after global markets have been thrown into turmoil for months owing to soaring inflation, interest-rate hikes, the Ukraine war and China lockdowns

18 African migrants die in mass attempt to enter Spain’s Melilla

Around 2,000 migrants approached Melilla at dawn Friday and more than 500 managed to enter a border control area after...
  • Around 2,000 migrants approached Melilla at dawn Friday and more than 500 managed to enter a border control area after cutting a fence with shears
  • The Spanish Civil Guard, which monitors the other side of the fence, said it had no information on the tragedy and referred enquiries to Morocco

US recession would be ‘necessary price’ to defeat inflation: IMF chief

With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of...
  • The Washington-based crisis lender again slashed its US growth forecast to 2.9%, from the 3.7% forecast in April
  • The Fed last week implemented the biggest increase in its benchmark lending rate in nearly 30 years, as part of its aggressive effort to quell inflation

Chinese leader Xi Jinping to attend Hong Kong celebration: Xinhua

Chinese President Xi Jinping will attend a ceremony in Hong Kong celebrating 25 years of the city's handover to China,...
  • In 2017, Xi and first lady Peng Liyuan stayed in Hong Kong for three days to mark the 20th handover anniversary amid an unprecedented police presence
  • Xi declared "a new chapter" for the city last month, after meeting with Lee in Beijing to receive the central government's blessing

EU top diplomat bids to ‘reverse tensions’ on surprise Iran visit

European Union foreign policy chief Josep Borrell was headed to Tehran on Friday for a surprise visit that could breathe...
  • "Diplomacy is the only way to go back to full implementation of the deal and to reverse current tensions," Borrell tweeted
  • The administration of incumbent US President Joe Biden has sought to return to the agreement, saying it would be the best path with the Islamic republic

US to send ‘more weapons’ to Ukraine, after last week’s halt to shipments: Trump

US President Donald Trump said Monday the United States will send additional weapons to Ukraine, after the White House announced...

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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...

Al Hilal finish off Al Ittihad to ease into Asian Champions League semis

Ittihad's miserable night was summed up in the final minute of normal time, when striker Abderrazak Hamdallah was given a...

Lego net profit falls

Its net profit fell five percent to 13.1 billion kroner ($1.24bn).
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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SpaceX Crew-7 returns after six-month mission on Space Station

Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early...
  • Led by US astronaut Jasmin Moghbeli, who was making her first spaceflight, NASA's Crew-7 arrived at the research platform last Aug aboard the SpaceX Crew Dragon.
  • The capsule was retrieved from the sea less than half an hour after splashdown, with the crew waving to the recovery team as they opened the hatch

US consumer inflation in Feb up as Federal Reserve mulls rate cut

The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core"...
  • The annual consumer price index (CPI) came in at 3.2 percent last month, while the "core" measure stripping out volatile food and energy prices edged down slightly to 3.8 percent.
  • "The index for shelter rose in February, as did the index for gasoline," the department said, both contributed more than 60% of the monthly increase for the overall index.

Qatar says Israel and Hamas are ‘not near a deal’ on Gaza truce

"We are not near a deal, meaning that we are not seeing both sides converging on language that can resolve...
  • All parties were "continuing to work in the negotiations to reach a deal hopefully within the confines of Ramadan", Ansari told a news conference.
  • Qatar previously mediated a one-week break in fighting in late November that led to the release of scores of Israeli and foreign hostages.