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

Ex-PM says Putin ‘out of it’, Ukraine war could last two years

He was Vladimir Putin's first prime minister but Mikhail Kasyanov never in his worst nightmares imagined that his former boss...
  • The 64-year-old said that like many other Russians he did not believe in the weeks ahead of the war that it would actually happen
  • Kasyanov only understood that Putin was not bluffing when he saw him summon the country's top leadership for a meeting of the security council

Google pays $118m in settlement to underpaid female workers

Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that...
  • The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement
  • Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians

Saudi Arabia pledges $10m to prevent Red Sea oil spill disaster

Saudi Arabia on Sunday pledged $10 million to help prevent an ageing Yemeni oil tanker from unleashing a potentially catastrophic...
  • The decaying 45-year-old oil tanker abandoned off the rebel-held Yemeni port of Hodeida, is in "imminent" danger of breaking up
  • According to the UN, the operation needs to be completed by the end of September to avoid "turbulent winds" that pick up later in the year

TotalEnergies warns consumers to ‘turn down heating’ to ease crisis

TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but...
  • The deal for a 6.25-percent stake in the North Field East project was announced Sunday barely two months after TotalEnergies said it would pump no more money into Russia
  • According to the chief of Totalenergies, the new natural gas complex is part of a "success story" with Qatar which will be ready at the end of 2025 or early 2026

Flood of net zero vows suffer ‘credibility gap’: report

While countries, cities and companies have massively ramped up net-zero emissions promises in recent months there remain "major flaws" in...
  • Most rich countries have announced they will be net zero by 2050, while China and India have vowed to reach that point by 2060 and 2070, respectively
  • The report draws on a database of over 4,000 governments, cities, states and major companies and comes as climate negotiators are meeting in Germany

Iraqi MPs from firebrand cleric Moqtada Sadr’s bloc resign: official

Iraqi lawmakers from firebrand Shiite cleric Moqtada Sadr's bloc resigned Sunday, the parliamentary speaker said, in a move ostensibly designed...
  • Parliament in Baghdad has been in turmoil since October's general election, and negotiations have failed to forge a majority
  • Sunday's move puts the onus for forming a government on the 83 lawmakers of the rival Coordination Framework

UN asks for guarantees in Lebanon after troops threatened

The UN's mission in Lebanon called Sunday for the country's military to guarantee the security of its peacekeepers, alleging personnel...
  • The United Nations Interim Force in Lebanon (UNIFIL) has long been deployed in the country's south -- a stronghold of the powerful Shiite movement Hezbollah
  • Lebanese authorities have not commented on Saturday's incident

A ballet with machines: Is Artificial Intelligence the future of art?

To many they are art's next big thing -- digital images of jellyfish pulsing and blurring in a dark pink...
  • The field has begun to attract huge interest among art collectors -- and even bigger price tags at auction.
  • Artists in Germany and the United States blazed a trail in computer-generated art during the 1960s.

TotalEnergies takes $2bn share in Qatar’s giant gas expansion plan

Qatar's Energy Minister Saad Sherida al-Kaabi called the joint venture "a marriage more than an engagement" as it will last...
  • TotalEnergies will take a 6.25 percent share of the North Field East Project in its joint venture with QatarEnergy
  • Exxon Mobil, Shell, ConocoPhilips are all in line to take part in giant expansion that Qatar originally wanted to finance alone

End of an era as Russia’s McDonald opens in new avatar

The US fast-food giant announced on May 16 that it would exit Russia in the wake of its Ukraine offensive.
  • The restaurant, on the spot where the very first McDonald's opened its doors to long queues and great fanfare in January 1990, is among the first 15 to welcome customers.
  • McDonald's Russian restaurants had accounted for around nine percent of the US group's turnover.

Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod

But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...

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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,...

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...

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

Most Read

Drone strike blamed on Turkey kills three in Iraq

Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...
  • Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.
  • In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.

Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
  • International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
  • The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

Tunisian economic crisis mutes build-up to Ramadan

Tunisians usually prepare for Ramadan -- when daytime fasting is followed by festive but often costly meals with family and...
  • Economist Ridha Chkoundali says Tunisia is "experiencing a period of stagflation, which means a decline in growth and a rise in inflation"
  • Tunisian banks are being asked by the state to finance the country's debt amounting to 80 percent of GDP, undermining their ability to lend to the private sector