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
  • Kamala Harris gestures during a presidential debate on September 10, 2024. Two newspapers have decided to stop the decades-old practice of endorsing presidential candidate. (File)

    Media: Two major American liberal newspapers refuse to endorse Kamala Harris

    With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse the Democrat presidential candidate Kamala Harris.
  • Led by Elon Musk, Silicon Valley tech titans make rightward turn

    Washington, United States -- Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats. Long considered non-identifiable ideologically, Musk's politics are now hardline right wing as he uses his...
  • Hawkish economic approach on China has bipartisan support in US, say analysts

    WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards China has become more targeted under President Joe Biden - though still hardline. Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher, whether...
  • Biden’s age under renewed scrutiny following damning revelations in documents investigation

    Even before the special counsel report the White House was already on the back foot, facing repeated questions at a briefing on Thursday over him confusing various European leaders. On Sunday Biden told a fundraiser that he had spoken to long-dead French president Francois Mitterrand, instead of current leader Emmanuel...
  • US lawmakers reject US$17.6 billion Israel aid bill

    Republicans in the House of Representatives scheduled the vote after the Democratic-led Senate released a bipartisan bill Sunday pairing billions of dollars for Israel and Ukraine with some of the strictest immigration curbs in decades. But support for that $118bn package has dwindled, with Donald Trump pressuring Republicans to avoid handing President Joe...
  • Trump closes in on Biden rematch after New Hampshire win

    Despite now adding New Hampshire to his previous easy victory in Iowa, Trump kept to his hard-right messaging, with no hint of reaching out to the more moderate voters who supported Hailey. Trump did little actual campaigning in New Hampshire. However, his message has delivered the kind of momentum that...
  • Biden blames ‘extreme Republicans’ for threatening US government shutdown

    A government shutdown would put the finances of hundreds of thousands of workers at federal parks, museums, and other sites at risk, but it could also carry significant political costs for Biden, who is running for re-election. The White House wants any budget bill passed by lawmakers to include $24...
  • US Senate all set to pass debt deal bill as default almost avoided

    US senators raced to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an economy-cratering default seemingly avoided. The Treasury has warned it could run out of money to pay its bills by Monday, leaving no room for delays in enacting...
  • Equities sink as hardliners Republicans threaten US debt deal

    "With some hardliners in the Republican party coming out against the agreement (in a vote due Wednesday), its passage through Congress could be bumpy," warned AJ Bell investment director Russ Mould. "Weak Chinese data also contributed to a subdued market mood with Asian stocks a little sickly."
  • US default would have serious repercussions, says IMF

    The International Monetary Fund warned of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. Republicans and Democrats remain sharply divided over the debt ceiling. Republicans in Congress insist that President Joe Biden's administration agree...
  • TikTok CEO to testify before US lawmakers in March

    TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should be outright banned for its links to Beijing. Shou Zi Chew will give testimony before the House Energy and Commerce Committee after Republicans recently took over as the majority in...
  • US Congress green-lights $1.7 trillion in government spending

    The $1.7 trillion blueprint passed by senators on Thursday was rubber-stamped by the House of Representatives just hours ahead of a midnight deadline to keep the federal government open -- although a damaging holiday season shutdown was never a serious threat. "This bill is further proof that Republicans and Democrats...
  • Is Biden running again? He’s acting like it

    The November midterm elections, in which Republicans failed to score their expected big win in the House while actually losing in the Senate, is being interpreted by Biden as a full-blown validation. And right as his foe Donald Trump gets his own 2024 election campaign off to a typically scandal-burdened...