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

Venezuela President in Qatar for unannounced visit

Maduro was shown by the official Qatar News Agency being welcomed at Doha's international airport by Sultan bin Saad Al...
  • Maduro was shown by the official Qatar News Agency being welcomed at Doha's international airport by Sultan bin Saad Al Muraikhi, the minister of state for foreign affairs
  • Maduro was in Iran at the weekend and signed a 20-year-cooperation agreement with the Islamic republic

UN envoy appeals to Houthi rebels to open road to Taez

The United Nations special envoy to Yemen called on rebel Houthis on Tuesday to agree to reopen roads into the...
  • Surrounded by mountains, Taez, which has around 600,000 inhabitants, has been almost cut off from the outside world since 2015
  • The truce in effect since April 2 has led to a reduction in fighting and in civilian casualties, as well as the resumption of commercial flights from Sanaa

Facing gas ‘blackmail’ by Russia, EU turns to Israel

The European Union wants to strengthen its energy cooperation with Israel in light of Russia's use of gas supplies to...
  • Moscow's conduct "only strengthens our resolve to break free of our dependence on Russian fossil fuels," she said
  • Israel is estimated to have gas reserves of at least one trillion cubic metres, with domestic use over the next three decades expected to total no more than 300 bn

BP buys 40% stake in Australian renewable plant, largest on earth

Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as...
  • The project is expected to generate 26 gigawatts of renewable energy through wind and solar, supplying power across the Pilbara
  • It will also produce 1.6 million tonnes of green hydrogen each year

Algeria president sacks finance minister after 4 months in job

The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in...
  • The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in a statement
  • Raouya's sacking comes less than a month after Tebboune laid off central bank chief Rostom Fadli, in office for less than two years

Biden signals US-Saudi thaw with prince meeting on Mideast trip

US President Joe Biden will meet with Saudi Arabian Crown Prince Mohammed bin Salman next month. The White House ended weeks...
  • Biden is expected to press for increased Saudi oil production, in the hope of taming spiraling fuel costs at home
  • US inflation is at 8.6 percent, the highest rate in 40 years, with high fuel costs largely to blame.

Media giants buy Indian Premier League cricket rights for $6.2 billion

India's cricket board said Tuesday it has sold the broadcast rights of the IPL tournament for the next five seasons...
  • The amount paid for the rights to one of the world's most watched sports contests dwarfs the $2.55 billion that Star India paid in 2017 for the previous five seasons to 2022.
  • The buyer was Viacom18, a joint venture between Reliance and US group Paramount Global as well as a group reportedly backed by James Murdoch.

Lebanon makes new maritime border offer to US mediator: Official

Lebanon Tuesday made a new offer to a visiting US mediator over a maritime border deal with Israel, holding back...
  • Lebanon held back on demands for territory where Israel plans to imminently extract gas, an official said.
  • Beirut's proposal however included a claim for all of a separate field that it had initially only sought part of.

UN raises $5m to prevent oil spill disaster in Red Sea

The United Nations is launching a crowd-funding campaign for an operation intended to prevent an aging Yemeni oil tanker from...
  • An operation to transfer its 1.1 million barrels of oil to a different vessel could begin next month, according to a website for the crowd-funding campaign
  • The 45-year-old oil tanker FSO Safer is in "imminent" danger of breaking up as it has not been serviced since Yemen's civil war

Turkey constructs Black Sea pipeline to pump natural gas

Turkey's president hailed on Monday the start of the construction of an underwater pipeline to tap a Black Sea natural...
  • Sakarya gas field of Turkey could produce 10 million cubic meters by the first quarter of 2023, Erdogan said
  • He described it as "the largest natural gas field in Turkey's history", citing estimated reserves of 320 billion cubic meters

Hosting BRICS, Brazil’s Lula hits out at ‘genocide’ in Gaza

"We cannot remain indifferent to the genocide carried out by Israel in Gaza, the indiscriminate killing of innocent civilians and...

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Aramco profit down in 2023

The oil giant posted a 24.7% fall in net profit to US$121.25bn.

CIA, Mossad chiefs meet to ‘advance’ hostage release deal

Israeli military spokesman Daniel Hagari said Israel was preparing for "all possible operational scenarios" during Ramadan, and that it plans...

Israelis demand Netanyahu ouster and hostage release

With t-shirts and banners featuring the names and pictures of hostages seized during Hamas's October 7 attack, the crowd demanded...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli strike on a Lebanon house kills five, wounds nine

Lebanon's official National News Agency said the Israeli strike on a house in the Khirbet Selm area killed a family...
  • The attack destroyed the house, wounding at least nine others who lived nearby
  • A Lebanese couple and their son were killed in an Israeli strike on Tuesday

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
  • The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.
  • However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.

Aid boat ready to set sail from Cyprus for Gaza

A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...
  • The UN has repeatedly warned of looming famine, particularly in the Palestinian territory's north where no overland border crossings are open.
  • With ground access limited, countries have also turned to airdropping aid, although a parachute malfunction turned one delivery on Friday deadly.