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

Russian forces capture Ukrainian city of Kherson

Russian forces captured Ukrainian city of Kherson in May. Representative picture
  • "The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram
  • The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres

Russian forces have taken the Ukrainian city of Kherson, local officials confirmed, the first major urban centre to fall since Moscow invaded one week ago.

“The (Russian) occupiers are in all parts of the city and are very dangerous,” Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram late Wednesday.

The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres.

Another key Ukrainian port, Berdiansk, has already been seized by Russian troops, while Mariupol has repelled attacks “with dignity,” according to that city’s mayor, Vadim Boichenko.

Russian forces have also bombarded Ukraine’s second-biggest city Kharkiv, prompting comparisons to the massacres of civilians in Sarajevo in the 1990s.

After days of intense fighting, hundreds of civilians have been killed, while around one million people have fled Ukraine since the invasion began, triggering punishing Western sanctions intended to cripple Russia’s economy.