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

Israel opposition chief discusses Gaza truce with UAE FM

Jerusalem, Undefined -- Israel's opposition leader said Friday he met with the United Arab Emirates foreign minister in Abu Dhabi...

Sudan lifts state of emergency imposed since coup

Sunday's decision came after a meeting with senior military officials recommending the state of emergency be lifted and people detained...
  • Burhan who vowed to free political detainees arrested in the 2021 crackdown has now lifted a state of emergency to set the stage for talks among Sudanese factions
  • Military officials of Sudan recommended allowing the live TV unit of Al Jazeera to resume operations which was banned for "unprofessional" coverage of protests

Lebanon questions ex-Nissan boss Carlos Ghosn over Interpol notice

Lebanon has questioned ex-Nissan boss Carlos Ghosn after receiving an Interpol red notice for his arrest but did not take...
  • The questions centred on allegations including "money laundering, misuse of power... squandering company money" and others, an official said.
  • Ghosn -- who holds French, Lebanese and Brazilian citizenships -- was initially due to stand trial in Japan following his detention there in 2018,.

Equities make broad rally as China relaxes Covid curbs

Markets rose Monday as investors rediscovered some verve after the release of healthy US data and as China eases some...
  • The gains extended a positive end to last week for global equities with some commentators saying there was a growing hope that the months-long sell-off may have run its course
  • May jobs data -- due for release on Friday -- should provide a fresh snapshot of the economy and possibly an idea about the Fed's next policy moves

Two Turkish soldiers killed in military operation in Iraq

Another two Turkish soldiers have been killed during military operations against Kurdish militants in the north of Iraq, Turkey's defense...
  • One soldier was killed on Saturday when an improvised explosive device (IED) went off as he and other soldiers were passing
  • Turkey has launched several operations in the area against fighters from the Kurdistan Workers' Party (PKK), which Ankara and its Western allies say is a terrorist organization

After Russian invasion, NATO has right to deploy in eastern Europe: deputy chief

NATO is no longer bound by past commitments to hold back from deploying its forces in eastern Europe, the US-led...
  • Mircea Geoana anticipated "a robust, flexible and sustainable presence" in eastern flank under Article 5
  • NATO's article 5 says that an attack on one member is an attack on all of them

Mercedes boss hints at changes to keep Monaco race alive

Mercedes team chief Toto Wolff on Sunday hinted at what may be needed for the under-threat Monaco Grand Prix to...
  • Formula1 race promoters seek to extend the event’s contract with commercial rights holder Liberty Media
  • F1 is important for Monaco and Monaco is important for F1, but need positive approach, says Toto Wolff

Cinema legend returns to Tunisia, her ‘home’

Actress Claudia Cardinale may have been a sixties legend of Italian and French cinema, but in Tunisia, in the portside...
  • To celebrate her connection to the North African country, authorities on Sunday named a street after her in the La Goulette suburb of the capital Tunis
  • The multicultural beachfront neighborhood was once home to a sizeable Sicilian population -- including Cardinale's parents

Germany to modernise military in face of Russia threat

Germany's government and conservative opposition have agreed a deal that will release 100 billion euros ($107 billion) to modernise the...
  • The deal, which involves amending budgetary rules in the national constitution, was struck after weeks of difficult negotiations
  • The agreement will allow Berlin to achieve NATO's target of spending 2.0 percent of GDP on defence "on average over several years"

Egypt court jails ex-presidential candidate for 15 years

An Egyptian emergency court on Sunday sentenced former presidential candidate Abdelmoneim Aboul Fotouh to 15 years in prison for "spreading...
  • Aboul Fotouh has been in detention since 2018 and his trial began last November
  • Aboul Fotouh's assets have been frozen since he was arrested and added to the state's terror list for "leading a terrorist organization"

Saudi Arabia names Adel al-Jubeir as first climate envoy

Saudi Arabia announced Sunday it had named a senior diplomat as its first climate envoy, as officials vow to ramp...
  • The announcement did not include details about the envoy's mandate
  • Jubeir, who previously served as foreign minister and ambassador to Washington, will continue in his role at the foreign ministry

Israel opposition chief discusses Gaza truce with UAE FM

Jerusalem, Undefined -- Israel's opposition leader said Friday he met with the United Arab Emirates foreign minister in Abu Dhabi...

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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...

US all set for Biden-Trump rematch as Haley bows out of race

Pointedly declining to endorse the man she has portrayed as chaotic and mentally incompetent, former UN ambassador Haley said Trump...

Man vaccinated for Covid 217 times shows no side effects

Paris, France - A German man who deliberately got vaccinated for Covid-19 a whopping 217 times did not report any side...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Egypt’s IMF loan increased by $5bn after central bank floats pound

The agreement, announced by Egyptian Prime Minister Mostafa Madbouly and the IMF's mission chief for Egypt, Ivanna Vladkova Hollar, came hours...
  • Amid dire foreign currency shortages, the parallel market rate had surged to 70 pounds to the dollar earlier this year, sending consumer prices soaring.
  • In an attempt to rein in inflation, the central bank also raised its key deposit rate by six points on Wednesday, to a record high of 27.25 percent.

Gold, bitcoin pull back from records as US stock markets slip

On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...
  • Gold hit a new record of $2,140 an ounce in early trading, before giving up some of its gains to trade close to $2,128 at around 2130 GMT
  • Among digital assets, bitcoin briefly hit a record high above $69,000 - beating a record of $68,991 struck in November 2021

ASEAN, Australia call for ‘immediate and durable’ ceasefire in Gaza

Southeast Asia is home to about 40 percent of the world's Muslim population, and ASEAN heavyweights Indonesia and Malaysia are...
  • The critical situation in Gaza was a topic of fierce debate as leaders from the 10-nation ASEAN bloc convened in Melbourne for a three-day summit
  • The group also backed the UN's Palestinian refugee agency, despite Australia pausing the group's funding over allegations some of its staff were members of Hamas