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

Iraqi migrant in Britain fears Rwanda deportation

Nearly a week ago, Iraqi Kurd Barham Hama Ali found himself in the unimaginable position of being aboard a deportation...
  • The 25-year-old was among a handful of asylum seekers who were due to be the first of many sent from the United Kingdom under a controversial resettlement deal with Rwanda
  • He was later transferred to Colnbrook migrant detention center, close to Heathrow Airport

Israeli coalition to dissolve parliament, force new elections

Israel's Prime Minister Naftali Bennett said Monday his governing coalition will dissolve parliament next week, a shock announcement that will...
  • The coalition of hawks, left-wingers and Arab Islamists temporarily ushered Israel out of an unprecedented era of political gridlock
  • But after a series of defections that put the coalition on the brink of collapse, Bennett said he would support a bill to dissolve parliament next week

Saudi crown prince kicks off regional tour in Egypt

Saudi Crown Prince Mohammed bin Salman began a two-day visit to Egypt on Monday evening, the presidency in Cairo said,...
  • Several agreements will be penned during the Saudi crown prince's regional tour, says an official
  • The crown prince's regional tour comes weeks ahead of a visit to Saudi Arabia by US President Joe Biden

Air traffic to reach full capacity by 2023 despite uncertainty

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit...
  • Industry losses are expected to drop to $9.7 billion in 2022, an improvement from $42.1 billion in 2021.
  • The aviation industry was sent reeling by the pandemic, with passengers down by 50 percent in 2021.

Another UN led deal to resolve Libya’s elections dispute fails

Representatives of the Tripoli-based High Council of State and of the parliament, based in eastern Libya, began meetings in Cairo...
  • The presidential and parliamentary elections, originally set for December 2021, were meant to cap a UN-led peace process.
  • The voting never took place due to the presence of contentious candidates and deep disagreements over the polls' legal basis.

Saudi Arabia lets citizens visit Turkey as bilateral relations improve

At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month...
  • The move comes two days before Crown Prince Mohammed bin Salman is expected to visit Turkey.
  • In May, national flag carrier Saudia resumed flights to Turkey, but citizens were unable to travel there.

Lebanon to expel Syrian refugees if not repatriated: Mikati

Prime Minister Najib Mikati on Monday said Lebanon was ready to expel Syrian refugees living in the country if the...
  • Lebanon, grappling with its worst ever economic crisis, has the world's highest proportion of refugees in its population.
  • The government estimates that Syrians account for almost a quarter of its more than six million residents.

ConocoPhillips third to join Qatar’s mega gas expansion

ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent...
  • No figure for the value of the deal was given but TotalEnergies previously said it had paid $2 billion for its joint venture.
  • The expansion of the North Field, which has the world's biggest known natural gas reserves, is estimated to cost more than $28 billion.

Iran arrests 120 party-goers for breaking ‘morality rules’

Police have arrested 120 people for breaking Iran's segregation and morality rules at a party in the forest in the...
  • Iranians, seeking reprieve from the hustle and bustle of city life, often choose the north of the country as a destination for sightseeing and enjoying their free time
  • Under Islamic law in force in Iran since its 1979 revolution, women must wear a hijab that covers the head and neck while concealing the hair

China’s import of oil from Russia jumps 55% in May

The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.
  • The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month
  • The number was also a spike from the 5.44 million tons China imported in May 2021

Israel: Ultra-Orthodox conscription threatens Netanyahu’s coalition

Jerusalem, Undefined - The Israeli army announced Sunday that it would begin sending draft notices to 54,000 ultra-Orthodox Jewish men...

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Trump said he won’t ‘give a penny’ to Ukraine, claims Hungary Prime Minister

BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting...

Four space station crew members leave for Earth

WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than...

TikTok dragged into US election as Trump opposes ban

Years of on-and-off attempts of banning the Chinese owned app have resurged in the United States with the introduction of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

UN head urges ‘silencing the guns’ in Gaza ahead of Ramadan

"We have witnessed month after month of civilian killing and destruction at a level that is unprecedented in all my...
  • Guterres said that Ramadan celebrates "peace, reconciliation and solidarity. Yet even though Ramadan has begun – the killing, bombing and bloodshed continue in Gaza".
  • The United Nations says that lack of humanitarian aid means famine is a growing risk in Gaza, where 2.4 million people are under near-total siege by the Israeli military.

Bitcoin hits fresh record above $72,000

Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...
  • The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price
  • The rally was helped by news that Britain's Financial Conduct Authority had said it would allow the creation of crypto-related securities

Military planes from 5 countries drop aid over Gaza

The UN says that the vast majority of Gaza's 2.4 million people are on the brink of famine, particularly in...
  • Jordan said that US, French, Belgian and Egyptian planes also participated in the operation
  • Jordan has conducted 37 unilateral airdrop operations, dropping aid