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

Britain reestablishes full Syria ties as FM David Lammy visits Damascus

In 2011, Britain was among the first countries to acknowledge rebel groups as the official Syrian government after then-president Bashar...

Amazon to begin drone delivery in California

Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery...
  • Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by "Prime Air" drones, the company said in a post
  • "Air-eligible" items ordered at the retailer's website will be packed into drones that will fly to the delivery addresses, deposit packages outside from safe heights, then fly away

UN urges WTO to not restrict food export for humanitarian purposes

The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...
  • Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security
  • Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked

Argentina holds passports of plane’s crew linking with Iranian Guards

Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending...
  • The Revolutionary Guards, Iran's ideological army, is on a US blacklist of foreign "terrorist organizations."
  • Iran said Monday Argentina's move was part of a "propaganda" campaign against Tehran amid tensions with Western countries

EU chief, Italian PM in Israel for energy talks

European Commission chief Ursula von der Leyen and Italian Prime Minister Mario Draghi began meetings in Israel on Monday as...
  • Draghi and other EU leaders have warned European customers may need protection as energy costs continue to rise
  • The EU this month formally adopted a ban on most Russian oil imports, its toughest sanctions yet over the war in Ukraine

Saudi Arabia adopts online registration for Hajj to combat scams

Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online,...
  • It applies to the United States, Canada, the United Kingdom, Europe and Australia, an official told AFP on condition of anonymity.
  • Previously, pilgrims could register via travel agencies that organised hajj trips, a system that sometimes led to scams, with "fake agencies" making off with victims' money.

US stocks down again as S&P 500 breaches bear market

Wall Street stocks sank early Monday, tumbling into a "bear market" in anticipation of more Federal Reserve monetary tightening this...
  • The market's losses come on the heels of three straight down sessions, put the S&P 500 into a bear market.
  • About 35 minutes into trading, the broad-based S&P 500 was at 3,796.66, down 2.7 from Friday's session.

Another sandstorm brings Iraq to a halt as airports shut

President Barham Saleh warned that tackling climate change "must become a national priority for Iraq as it is an existential...
  • It was the tenth duststorm since mid-April to hit Iraq, which has been battered by intense droughts and soil degradation.
  • Officials at Baghdad airport announced the temporary suspension of flights for a few hours before they were restarted.

Israel urges nationals to leave Turkey over Iran ‘attack threat”

Israel's Foreign Minister Yair Lapid on Monday urged citizens in Turkey to leave "as soon as possible" over threats that...
  • The Islamic republic claimed Israel was responsible for the killing of Revolutionary Guards Colonel Sayyad Khodai, who was shot dead outside his Tehran home on May 22.
  • Israel was also blamed for air strikes last week on the Damascus International Airport, which caused major damage two runways.

Two Iran aerospace officials ‘martyred while on mission’

Ali Kamani, a member of the Guards aerospace division was "martyred" in the city of Khomein in Iran's central Markazi...
  • Ali Kamani, a member of the Guards aerospace division was "martyred" in the city of Khomein in Iran's central Markazi province, Fars said, quoting a Guards statement
  • In a separate incident, Mohammad Abdoos, 33, an aerospace staff member, died in the northern Semnan province on Sunday while on a "mission", Fars added

IAEA urges Tehran to restart the halted nuclear talks ‘now’

The International Atomic Energy Agency on Sunday urged Iran to resume talks "now" to avoid a crisis that could make...
  • Twenty-seven surveillance cameras "have been removed," IAEA Director General Rafael Grossi said in an interview broadcast Sunday by CNN
  • The 2015 deal, known as the Joint Comprehensive Plan of Action, gave Iran relief from crippling economic sanctions in exchange for curbs on its nuclear activities

BRICS nations voice ‘serious concerns’ over Trump tariffs

Rio de Janeiro, Brazil -- BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President...

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Lufthansa cabin crews to go on strike

The announcement came after the airline's record profits.

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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High inflation leaves Nigeria struggling ahead of Ramadan

Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
  • With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families
  • The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

Turkish president Erdogan declares Ankara ‘backs’ Hamas

Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas. "No-one can make us...
  • "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.
  • Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.

Red Cross head says Gaza war ‘ruptured’ shared humanity

Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...
  • ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.
  • "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.