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

Boeing Starliner completes key test mission to ISS

Astronauts living aboard the station opened the hatch and "greeted" the capsule's passengers: Rosie the Rocketeer, a mannequin equipped with...
  • The gumdrop-shaped spaceship landed in a puff of sand at 4:49 pm local time (2249 GMT) in the New Mexico desert
  • Orbital Flight Test-2 (OFT-2) was the last hurdle for Starliner to clear before it carries humans in another test flight due to take place by the end of this year

One dead in ‘industrial accident’ near Iran military site

One person has been killed in an "industrial accident" near an Iranian military complex that has previously come under scrutiny...
  • The site came under renewed scrutiny by the International Atomic Energy Agency in 2015 when Tehran reached a landmark deal with major powers
  • Iran had previously denied the IAEA access to Parchin, insisting it was a military site unrelated to any nuclear activities

Iraqi boy evades security, boards Iran-bound plane

Iraqi aviation authorities have been left red-faced after a 10-year-old boy on his own boarded an Iran-bound plane from a...
  • The international airport in Najaf, south of Baghdad, said Wednesday it would review security after the boy passed under the radar of seven checks
  • Iraq’s civil aviation authority said a private firm had since 2019 been in charge of security at Najaf airport, which receives hundreds of thousands of pilgrims a year

US expects deficit to drop to $1 trillion in 2022

The US government deficit will fall dramatically this year to $1 trillion, down from levels not seen since World War...
  • The budget shortfall in the current fiscal year will shrink significantly from the prior year, when it reached nearly $2.8 trillion due to the massive spending
  • The CBO expects the deficit to fall again in the next fiscal year which runs October 1 to September 30 but rise to 6.1 percent of gross domestic product (GDP) by FY2023

Greece will send Iranian oil from seized ship to US: police

Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US...
  • Authorities that seized oil didn't provide any details about how it would be transferred to the US
  • Tehran protested against Greece and called it "international robbery"

China offers South Pacific nations security, free trade agreements

The wide-ranging draft agreement and a 5-year plan will be the subject of discussion during Chinese Foreign Minister Wang Yi's...
  • The wide-ranging draft agreement and a 5-year plan will be the subject of discussion during Chinese Foreign Minister Wang Yi's tour of Pacific nations
  • The "comprehensive development vision" is believed to be up for approval when Wang meets regional foreign ministers on May 30 in Fiji

Filing says Elon Musk to borrow less for Twitter bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter,...
  • The Tesla chief said in a filing with the US Securities and Exchange Commission that he would seek $13 billion in loans for the Twitter buy
  • Analysts were concerned about Musk using billions of dollars worth of his Tesla shares to back loans

Saudi crown prince plans Turkey visit

Saudi Arabia's crown prince expects to travel to Turkey next month, a Saudi official told AFP Wednesday. The trip by...
  • "The kingdom is turning the page on its dispute with Turkey and strengthening its relations with its EU partners," an official said
  • The trip came as Turkey, facing an economic crisis fuelled by the collapse of its currency, tries to draw support from energy-rich Gulf countries.

Tokyo shares climb up after Wall Street gains

Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the...
  • The benchmark Nikkei 225 index added 0.14 percent or 36.94 points to 26,714.74, while the broader Topix index rose 0.45 percent, or 8.43 points, to 1,885.01
  • Market players are now eyeing the release of US GDP data later in the day, said Stephen Innes of SPI Asset Management

Partnerships, collaborations signed during Global Aerospace Summit 2022

Several partnerships and collaboration agreements were signed between leading aerospace, aviation, space and defense organizations during the sixth edition of...
  • LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF).
  • Sanad and Triumph Group sign MoU outlining their plans to collaborate on the provision of next-generation engine MRO capabilities in UAE.

Trump says ‘didn’t make any progress’ with Putin on ending Ukraine war

US President Donald Trump said he made no progress with Vladimir Putin on ending the Ukraine war in a call...

Company News

Latest News

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...

Trump comes close to ‘Super Tuesday’ clean sweep: US networks

The former president, bidding for a sensational White House comeback after being unseated by Democrat Joe Biden in 2020, hopes...

Ignored by ‘Oppenheimer,’ atomic test victims speak out

White Sands, United States - Wesley Burris was fast asleep in bed when the world's first atomic bomb exploded just 25...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Scientists launch hub to channel quantum power for good

GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...
  • Quantum computing combines advances in scientific understanding of the subatomic world with leaps in information theory.
  • The first commercial quantum computers are still believed to be up to a decade away.

Women, rural poor most affected by climate change, says UN

PARIS, FRANCE – Heatwaves and floods inflict greater economic pain on rural women than men because climate change intensifies existing inequalities,...
  • The report said rural, women-led households in low- and middle-income nations already face more financial burdens than men when disaster strikes.
  • It estimated that if average temperatures increase one degree Celsius, women would face a 34 percent greater loss in total income compared to men.

Japan’s Riken Yamamoto wins Pritzker prize for architecture

New York, United States -- Japanese architect Riken Yamamoto was awarded the Pritzker prize for architecture on Tuesday, the organizers said...
  • Highlights of Yamamoto's work include Nagoya Zokei University in Japan completed in 2022, THE CIRCLE at Zurich Airport in Switzerland finished in 2020 and Tianjin Library in China.
  • Yamamoto was born in Beijing, and resides in Yokohama, Japan. He will be honored in Chicago this spring. He is the 53rd winner of the prize and the ninth from Japan.