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

Algorithm can sort out traffic mess: Israeli IT firm

Israel's traffic congestion ranks near the worst among developed economies but an algorithm can help, says one of the country's...
  • EcoMotion's founder Meir Arnon told AFP that surging global interest in smart mobility had made Israel an auto industry player
  • AI software collects real-time data from road cameras and then sends instructions to manipulate traffic lights based on vehicle flows

Lebanese authorities foil Saudi national’s Captagon smuggling bid

Lebanese authorities on Sunday arrested a Saudi man at Beirut airport who attempted to smuggle 18.3 kilograms of the illegal...
  • Lebanon's interior ministry said in a statement that 18.3 kilograms of the illegal stimulant were destined for Kuwait.
  • Trade in captagon in the Middle East grew exponentially in 2021 to top $5 billion, posing an increasing health and security risk to the region.

Turkey grapples with fires from plastic recycling plants

Although Turkey has become the leading importer of European plastic waste after China banned imports in 2018 but according to...
  • In Kartepe, an industrial town in the country's northwest, one of these sites was closed by the authorities in December after the outbreak of three fires in less than a month
  • There was a fire every three days in Turkey's plastic reprocessing plants on average last year

Making art in Jordan out of trash

Jordan-based artist Maria Nissan is on a mission: to rid the world of single-use plastics and to raise public awareness...
  • Nissan, US citizen of Iraqi origin, urges people to avoid buying plastic products and to go shopping with reusable bags
  • Jordanians use three billion plastic bags every year, of which only seven percent is recycled, according to the UN Development Program

Iran says crews of two seized Greek oil tankers ‘in good health’

Iran said Saturday the crews of two Greek oil tankers it has seized in the Gulf are in "good health"...
  • Iranian foreign ministry spokesman said that the crews of the seized oil tankers from Greece were being protected under international law
  • Greece has condemned Tehran's detention of the two ships as "tantamount to acts of piracy" and warned its citizens not to travel to Iran

Iraq battles with outbreak of deadly nose-bleed fever

Spraying a cow with pesticides, health workers target blood-sucking ticks at the heart of Iraq's worst detected outbreak of a...
  • The sight of the health workers, dressed in full protective kit, is one that has become common in the Iraqi countryside, as the Crimean-Congo haemorrhagic fever spreads
  • Transmitted by ticks, hosts of the virus include both wild and farmed animals such as buffalo, cattle, goats and sheep

Salah’s loss plunges Egypt into gloom

Donning Liverpool jerseys, Egyptian soccer fans cheered "Mo Salah! Mo Salah" even as they struggled to hide their disappointment over...
  • It was another blow for Mohamed Salah who was reduced to tears twice this year following Egypt's losses to Senegal in both the African Cup of Nations final and the World Cup
  • For many in Egypt, where public gatherings are effectively prohibited, football offers a rare avenue for distraction away from daily struggles

Iran police tear-gas protestors after building collapse

Iranian police fired tear gas and warning shots to disperse protesters in the southwestern city of Abadan where a tower...
  • A large section of the 10-storey Metropol building that was under construction in Abadan crumbled on Monday in one of Iran's deadliest such disasters in years
  • Interior Minister Ahmad Vahidi, who is in Abadan, said that "two more bodies were recovered", raising the death toll to 28

Wall Street stocks rally first time in two months as inflation dips

Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about...
  • The Dow Jones Industrial Average climbed 1.8 percent, or about 575 points, to 33,212.96, a weekly increase of 6.2 percent
  • Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year

Tunisian court imposes travel ban on former speaker

A Tunisian court has imposed a travel ban on the speaker of the country's now-dissolved parliament, a court spokeswoman said.
  • The interdiction against Rached Ghannouchi is part of an inquiry into alleged obstruction of justice in connection with the assassination in 2013 of two left-wing figures
  • Ghannouchi, 81, is a fierce critic of President Kais Saied who in July 2021 suspended the Ennahdha-dominated parliament, sacked the prime minister and assumed executive powers

Iran announces opening of its airspace after war: state media

Iran announced Thursday that it has reopened its airspace, including over Tehran, after closing it on June 13 due to...

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2023 deadliest year in a decade for migrants, says United Nations

"The 2023 death toll represents a tragic increase of 20 percent compared to 2022, highlighting the urgent need for action...

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...

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

Most Read

Toyota to invest US$2.2bn in Brazil

The automaker will beef up production of hybrid vehicles.
  • The automaker will make two "flex hybrid" models in Brazil -- using either petrol or ethanol as well as batteries -- creating around 2,000 jobs
  • Japan's automakers, in spite of the boom in electric cars, have relied on hybrid vehicles that combine internal combustion engines and batteries

‘You’ve got to finish the problem’: Trump supports Israel’s war

The fighting began with an attack by Hamas on southern Israel on October 7, resulting in about 1,160 deaths, most...
  • Trump voiced support for the war in his most explicit comments yet on the fighting
  • US protest movements have urged voters to punish Biden at the polls over his support for Israel

OpenAI denies Musk’s ‘betrayal accusations, plans legal dismissal

OpenAI captured the public imagination in late 2022 with the release of its chatbot ChatGPT, which can generate poems and...
  • Musk launched a legal case against OpenAI last week, arguing in documents filed in a San Francisco court that the firm was always intended as a nonprofit entity
  • The Tesla Boss was one of the co-founders of OpenAI in 2015 along with Sam Altman but left the organization in 2018 and is now one of its most vocal critics