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

Sudan ship sinks with 15,800 sheep on board

An overladen ship crammed with thousands of sheep capsized Sunday off Sudan's Red Sea coast drowning the animals on board...
  • The livestock vessel was heading from Sudan's port of Suakin to Saudi Arabia when it ran into trouble in the Red Sea
  • Sudan remains gripped by a chronic economic crisis, which has deepened following last year's military coup led by army chief Abdel Fattah al-Burhan

Norway to label products made in Israeli settlements

Israel on Saturday condemned Norway's decision to label products from Israeli settlements with their place of origin. Norway's social democrat...
  • Foreign Minister Anniken Huitfeldt stressed in an interview with Norwegian news agency NTB that this in no way constituted a boycott of Israel
  • Norway said that the principle behind its decision, as set out in the 2019 ruling, is that consumers should not be deceived by misleading labeling on the origin or products

Meta to launch ‘metaverse academy’ in France

The school's goal in its first year will be to train for free around 100 students in two roles, specialist...
  • Seen as the internet's next great technological development, the metaverse refers to an immersive digital world that aims to recreate real life via augmented or virtual reality.
  • Located in the capital Paris and other cities including Lyon, Marseille and Nice, the metaverse academy will train 20 students per city each year.

Mahmud Abbas receives US delegation ahead of Biden visit

Palestinian president Mahmud Abbas hosted Saturday a US delegation led by Assistant Secretary of State for Near Eastern Affairs Barbara...
  • Mahmud Abbas requested again to remove the PLO from the US list of terrorist entities during the meeting
  • The Palestinian president also requested that the PLO's office in Washington and the American consulate for east Jerusalem be reopened

Sudan talks put off as civilian bloc refuses to be part of process

The second round of UN-facilitated talks aiming to resolve Sudan's political crisis following a military coup has been postponed, a...
  • UN, AU and regional bloc IGAD launched "direct talks" to break the political stalemate in Sudan since last October's military takeover
  • Military officials of Sudan, representatives of several political parties and senior members of ex-rebel groups attended the "direct talk' on Wednesday

Turkey looks to modern port to revive tourism

A state-of-the-art port in Istanbul with an underground terminal, a celebrity chef's restaurant and a shopping center, welcomes yet another...
  • Hit hard by Covid, Turkey's tourism sector could get a shot in the arm from the revenue generated at Galataport, which opened in 2021
  • Around 30 cruise ships have so far anchored at Galataport and 200 more are expected by the end of the year, which amounts to 450,000 passengers

Bahrain denies Amnesty claim that tuberculosis spreads in jails

The Bahrain government on Saturday denied there were "active" cases of tuberculosis in its prisons after the Amnesty International rights...
  • The Gulf state's health ministry said one case in quarantine for the past two weeks is now in "stable condition" but there are "no active tuberculosis cases" among prison inmates
  • The World Health Organization says that tuberculosis kills 1.5 million people each year, making it the world's top infectious killer

Iran and Venezuela sign 20-year cooperation deal

Iran and Venezuela signed a 20-year deal on cooperation between the two allies subject to US sanctions during a visit...
  • Maduro said the cooperation covered the energy and financial sectors as well as "work together on defense projects"
  • Khamenei welcomed the agreement, and called for "stronger" cooperation between Tehran and Caracas, according to a statement on his official website

Tension spikes between Lebanon and Israel over gas field

Hundreds of people and several lawmakers protested Saturday in southern Lebanon against Israel moving a gas production vessel into an...
  • Lebanon and Israel have no diplomatic relations and are separated by a UN-patrolled border
  • Lebanon's president and prime minister have condemned Israel for moving the vessel into the Karish field, and have invited US envoy Amos Hochstein to Beirut for mediation

WTO negotiators finalize key texts on fishing, Covid vaccines

The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...
  • World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet
  • The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers

Musk creates America Party to challenge US’s ‘one-party system’

The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...

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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...

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...

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

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US-led coalition shoots down 15 Yemen rebel drones: CENTCOM

CENTCOM and coalition forces determined that the drones "presented an imminent threat to merchant vessels, US Navy and coalition ships...
  • US Central Command, or CENTCOM, said the "large-scale" Houthi attack occurred before dawn into the Red Sea and adjacent Gulf of Aden
  • On January 9, US and British forces shot down 18 drones and three missiles fired by the rebels toward ships in the Red Sea, the US military said at the time

Erdogan says March local elections will be his ‘last’

It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...
  • The 70-year-old leader expressed confidence that his conservative Justice and Development (AKP) party would nonetheless remain in power even after he has left office
  • Erdogan said that the results of the March 31 local elections would be "a blessing for the brothers who come after me and there will be a transfer of confidence"

‘Number one’ Joshua defeats Ngannou with brutal second-round KO

Joshua, a former unified WBO, WBA and IBF heavyweight champion, went into the fight on the back of three successive...
  • Joshua had his Cameroonian opponent on the canvas in the first round and twice more in the second in a brutal and brief exhibition of punching power
  • Ngannou, 37, was taking part in only his second professional boxing match, having lost a split decision to Tyson Fury in an October fight