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

Over 500 killed around US and Israel-backed aid distributions in Gaza: UN

The United Nations and major aid groups have refused to cooperate with the Israel-backed Gaza Humanitarian Foundation over concerns it was designed...

Yemen’s warring parties renew truce under earlier terms: UN

Aid agencies and Western governments had urged the Yemeni government and Houthi rebels to extend the truce, which went into...
  • On Wednesday, a Yemeni aircraft left Sanaa for Cairo on the first commercial flight between the two cities since 2016, the seventh such flight under the truce.
  • Houthis have called on the government to pay the salaries of public sector employees working in areas under their control.

In Iraq, black community still on the margins

Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in...
  • Centered in the city of Zubair, near Basra in the far south of Iraq, the community has its origins in East Africa
  • While activists denounce the community's marginalization, talk of racism or discrimination offends Zubair's inhabitants

Russians prepare for hardships as sanctions begin to hit

With billions of dollars in financial reserves and money still coming in from oil and gas exports, Russia has yet...
  • Russians citizens are reporting a litany of problems, including shortages of everything from paper to medicine due to the European sanction imposed on Moscow
  • Direct air links with Europe have been severed and Russian citizens are unable to use their bank cards abroad

OPEC debates oil output boost amid Russian isolation

Major oil producers led by Saudi Arabia and Russia hold talks Thursday on whether to adjust output, hard on the...
  • The 13 members of the OPEC, chaired by Saudi Arabia, and their 10 partners, led by Russia, drastically slashed output in 2020
  • They have increased output modestly to the tune of around 400,000 barrels per day each month since last year

Russian foreign minister hails OPEC+ agreements on Saudi visit

European Union leaders agreed on Monday to ban more than two-thirds of Russian oil imports as part of the sixth...
  • Moscow's OPEC+ removal would mean an early end to the pact and allow major crude nations such as Saudi Arabia to open the taps.
  • Saudi Arabia, the world's largest oil exporter, is currently benefiting from high oil prices that soared after Moscow invaded Ukraine and the West slapped Moscow with sanctions.

Russia warns of conflict with US over arms deliveries to Ukraine

The planned delivery of new US weapons to Ukraine, including advanced missile systems, increases the risk of drawing the United...
  • Both Ukraine and Russia already operate multiple-launch rockets systems, but the Himars has superior range and precision
  • According to Ryabkov, the US is determined to "wage war (on Moscow) to the last Ukrainian in order to inflict, as they say, a strategic defeat on Russia"

Are casinos a haven for money laundering?

Casinos often prefer to close their eyes to how clients finance their bets, allowing their tables to become conduits for...
  • Martini said that casinos have been willing to turn a blind eye and not do extensive checks on their customers
  • She said that dirty money earned from illegal activities can be brought into casinos and no one asks any questions

US to send advanced rocket systems to Ukraine: Biden

President Joe Biden has said the United States will send more advanced rocket systems to Ukraine, as Russian troops press...
  • The battle for Severodonetsk has grown in intensity in recent days, with heavy casualties on both the Ukrainian and Russian sides
  • The US is attempting to help Kyiv's war effort while not being seen as a direct belligerent

Palestinian woman with knife killed after approaching Israel soldier

Israeli troops shot dead a Palestinian woman after she approached a soldier with a knife in the southern West Bank,...
  • The Palestinian health ministry said the woman died from a bullet to her torso, identifying her as Ghofran Warasnah
  • Israeli security forces have responded with raids inside Israel and the West Bank, particularly in the flashpoint northern district of Jenin

Morocco battles effects of climate change

A withering drought and poor harvests plus price hikes fueled by the war in Ukraine are threatening Morocco's fragile economic...
  • The North African kingdom had bounced back last year after a sharp recession in 2020 due to the coronavirus pandemic
  • The International Monetary Fund has forecast even lower growth of 1.1 percent

Over 500 killed around US and Israel-backed aid distributions in Gaza: UN

The United Nations and major aid groups have refused to cooperate with the Israel-backed Gaza Humanitarian Foundation over concerns it was designed...

Company News

Latest News

AI tools still permitting political disinfo creation, NGO warns

The success of ChatGPT, from Microsoft-backed OpenAI, has over the last year ushered in an age of popularity for generative...

US vows to hold Houthis ‘accountable’ for deadly strike

The Houthi rebels have been defiantly hitting ships in vital commercial waters in professed solidarity with the Palestinians as Israel...

China top diplomat terms war in Gaza a ‘disgrace for civilisation’

The foreign minister said that the catastrophe in Gaza once again reminded the world that "the fact that the Palestinian...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Bulk carrier hit by missile from Yemen, crew says three dead

An anti-ship ballistic missile struck the Barbados-flagged, Liberian-owned M/V True Confidence, after which its crew reported "three fatalities, at least...
  • The Iran-backed Houthis have been targeting merchant vessels transiting the vital Red Sea trade route for months and have previously hit ships in the area
  • Houthi military spokesman Yahya Saree said on social media that the True Confidence was targeted with multiple missiles "after the ship's crew rejected warning messages."

Israel to start building 3,500 settler homes in occupied West Bank

The administrative step forward comes after Finance Minister Bezalel Smotrich last month vowed to expand settlements, in response to Palestinian...
  • Israeli settlement watchdog Peace Now said there were 3,426 homes advanced through a planning committee, across Maale Adumim and Kedar, east of Jerusalem, and Efrat.
  • Despite opposition abroad, Israel has in recent decades build dozens of settlements across the West Bank, which are illegal under international law.

18 killed in suspected IS attack on Syria truffle hunters: Monitor

Beirut, Lebanon - Gunmen thought to be linked to the Islamic State group in Syria killed 18 people searching for truffles...
  • The gunmen attacked the group with machine guns, said the Britain-based monitoring group with a network of sources inside Syria
  • More than 50 people remained missing after the attack that saw heavy clashes with pro-government forces, the Syrian Observatory for Human Rights said