INSEAD Day 4 - 728x90

Rishi Sunak

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
  • World powers condemn deadly Gaza air strike on aid workers

    World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli strike" on Monday killed Australian, British, Palestinian, Polish and US-Canadian staff. US Secretary of State Antony Blinken urged a "swift, impartial investigation" into the airstrike and said Israel needed to...
  • Thousands rally in London seeking a truce in Gaza

    London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing bombardments by Israel after the Hamas attack on its territory on October 7. Regular marches protesting Israel's military response to the attacks have seen dozens arrested for anti-Semitic chanting and...
  • Russia vows revenge as 21 die in Ukrainian attack

    The Belgorod attack came a day after Ukraine said a barrage of Russian missile strikes on several cities killed at least 40 people, wounding dozens more. Fresh strikes Saturday caused more casualties in the northeastern city of Kharkiv, Ukrainian officials said. Belgorod lies about 30 kilometers (19 miles) from the...
  • Italy, UK leaders unite on migration, agree Tunisia deal

    At their meeting, Sunak and Meloni agreed to fund a project to help repatriations of migrants in Tunisia, the departure country for many migrants trying to reach Europe. They "committed to co-fund a project to promote and assist the voluntary return of migrants from Tunisia to their countries of origin",...
  • Israeli envoy to UK rules out two-state solution with Palestinians

    Tzipi Hotovely told Sky News that she did not believe in the long-standing position of the UK government and the United Nations that an independent Palestinian state should be established.
  • $37 billion private funding announced for new UK projects

    Spanish energy company Iberdrola announced £7 billion of funding for offshore wind infrastructure while US tech giant Microsoft plans to invest £2.5 billion in artificial intelligence (AI) infrastructure, including data centers.
  • In UK, tourists discover darker side of Oxford and Cambridge

    Courses are not the subject of walking tour, which instead focuses on "difficult legacies" -- a burning issue brought to the fore in the UK since Black Lives Matter anti-racism protests.
  • Britain grants 27 new oil and gas exploration licenses in North Sea

    London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as it seeks to quickly boost energy security, but the announcement angered environmentalists. The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy...
  • Saudi leader tells British PM attacks on Gaza ‘heinous’

    Mohammed bin Salman, the Gulf kingdom's de facto ruler, made his comments during a meeting with British Prime Minister Rishi Sunak, who before visiting Riyadh met with Israeli leaders and pressed them to let more humanitarian aid into Gaza. Prince Mohammed "affirmed that the kingdom considers targeting civilians in Gaza...
  • World reacts to Israel-Gaza war

    President Joe Biden said US support for Israel was "rock solid and unwavering". "The United States stands with Israel," Biden said in a televised statement at the White House, flanked by US Secretary of State Antony Blinken.
  • King Charles urges joint French-English effort on climate change

    "Just as we stand together against military aggression, so must we strive together to protect the world from our most existential challenge of all -- that of global warming, climate change and the catastrophic destruction of nature," said the king, known for campaigning on environmental issues for the past decades.
  • UK to revoke plan to attain net zero emissions by 2050

    LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with Prime Minister Rishi Sunak expected to water down some of the government's green commitments. The move comes amid growing concern over the potential financial cost of the government's policies to...
  • BMW to make ‘multi-million’ pound investment in UK plants: govt

    The first generation of the iconic British vehicle's electric model was launched at the Oxford plant in 2019, but last year BMW announced most of its electric cars would be made in China. The investment is expected to be used to make the plant fit for making electric vehicles, with...
  • UK unveils plans for ‘fitting tribute’ to Queen Elizabeth II

    Senior royal, political and other figures and experts are set to be appointed to the committee to develop ideas and bring their recommendations to her heir, King Charles III, and Prime Minister Rishi Sunak. The committee will also seek suggestions from the public during the preparatory process.
  • Key Johnson ally resigns with scathing attack on British PM

    Former culture minister Nadine Dorries announced her intention to resign 11 weeks ago but had remained as member of parliament while she investigated why she was not given a seat in the upper house of parliament. In her letter, which she released on social media, Dorries accused Sunak of leading...
  • UK retail lenders withdraw fixed home-loan products, rattling market

    HSBC joined the fray on Thursday, suspending certain home loans as it also sought to cope with significant new demand but stressed there was no change for existing customers. Inflation data has set off speculation that the central bank will ramp up its key interest rate even higher to contain...
  • UK to hold first AI summit, says Sunak on his US visit

    Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in the second half of the year. "AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in...
  • Scotland’s first Muslim leader’s rise underlines ‘new norm’ in UK

    The newly-elected head of the Scottish National Party (SNP) joins the growing ranks of leaders from Britain's old imperial possessions who are remaking the face of UK politics. Conservative Prime Minister Rishi Sunak is the Hindu son of parents whose familial roots lie in India.
  • EU and Britain agree on Northern Ireland trade deal

    Prime Minister Rishi Sunak and European Commission president Ursula von der Leyen adopted the deal at a meeting in Windsor, west of London. The deal follows more than a year of tense talks over the "Northern Ireland Protocol", which has unsettled the province 25 years on from a historic peace...
  • Surging UK energy bills spark tensions among tenants

    In Britain, the average domestic energy bill has roughly doubled over the last 12 months. That has helped push inflation to the highest level in four decades, in turn creating a cost-of-living crisis as wages fail to keep pace, despite the government's partial subsidy for fuel.
  • Two years after EU exit, UK business feels Brexit blues

    Complicating matters has been the loss of EU workers in sectors such as health, hospitality and agriculture, even if some of those returning home have been replaced by staff from non-EU countries. Witnessing the fallout, some high-profile bosses who voted for Brexit are calling on the government to relax the...
  • COP27 agrees to fund climate damages, no progress on emission cuts

    A final COP27 statement covering the broad efforts to grapple with a warming planet held the line on the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels. It also included language on renewable energy for the first time, while reiterating previous calls to accelerate "efforts...
  • Jordan King and UK PM meet to discuss strategic relations

    London, UK— King Abdullah of Jordan and UK Prime Minister Rishi Sunak have met in London to discuss the development of strategic relations between their countries. The king expressed Jordan’s keenness to advance its friendly ties with the UK and bolster cooperation in the political, economic and defense fields, Jordan...
  • Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt

    A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that Boris Johnson would attend.
  • Boris Johnson drops out of race for UK PM

    Declaring an end to his bid for the UK top job, former UK PM Boris Johnson said that he had reached the decision reluctantly after recognizing he would not be able to lead "a united party in parliament." He had cut short a Caribbean holiday to return to Britain to...
  • UK’s Johnson, Sunak meet amid race for Tory leadership

    Weeks after leaving office, former prime minister Boris Johnson, who returned from a Caribbean holiday, aimed to launch an audacious political comeback. Johnson met with Rishi Sunak to discuss the race, as the feuding pair who once headed Britain's government were poised to battle for the leadership of their fractured...