INSEAD Day 4 - 728x90

Stockholm

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Quran burner Salwan Momika says leaving Sweden for Norway

    Stockholm, Sweden - An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year said Wednesday he was leaving the country for neighboring Norway after Sweden revoked his residency permit. Salwan Momika, a Christian Iraqi who burned Qurans at a slew of protests in Sweden over...
  • Sweden’s gaming group Embracer divests Russian assets

    Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that it was ceasing all Russian operations through the sale of subsidiary Saber Interactive. Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the...
  • Dubai leads MENA region in urban mobility readiness

    The emirate ranked 28th globally in the 2023 Urban Mobility Readiness Index, highlighting its efforts in creating a sustainable, future-ready transportation ecosystem.
  • Tesla sues Swedish state over strike fallout

    Stockholm, Sweden - Electric carmaker Tesla on Monday filed a lawsuit against the Swedish state over a strike by postal workers that is blocking deliveries of license plates for its new cars. Tesla is currently facing strikes on multiple fronts in Sweden over its refusal to sign a collective wage agreement...
  • Trio wins physics Nobel for illuminating electrons

    France's Pierre Agostini, Hungarian-Austrian Ferenc Krausz and Franco-Swede Anne L'Huillier won the Nobel prize in physics for research using ultra quick light flashes that enable the study of electrons inside atoms and molecules. The laureates' research has made it possible to examine moves or changes so rapid that they were...
  • Iraq asks Sweden to extradite accused in Quran burning incident

    STOCKHOLM, SWEDEN - Baghdad has asked Sweden to extradite Iraqi refugee Salwan Momika, who stoked international outrage by desecrating the Quran, he and his lawyer told AFP on Tuesday. "Iraq wants him extradited because he burnt a Quran outside the mosque (in Stockholm) in June," lawyer David Hall told AFP after...
  • Nobel Foundation withdraws invitation to Russia, Belarus envoys

    Ukrainian foreign ministry spokesman Oleg Nikolenko wrote on Facebook that the foundation should support efforts to isolate Russia and Belarus as "millions of Ukrainians suffer from an unprovoked war and the Russian regime is not punished for its crimes". Swedish Prime Minister Ulf Kristersson also said he disagreed with the...
  • Quran set alight at protest outside Sweden parliament

    Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked tensions between Sweden and Middle Eastern countries. Salwan Momika and Salwan Najem kicked and stomped on the Muslim holy book, then set its pages on fire before slamming it shut.
  • Volvo Cars Q2 net profit $342m

    Firm in profit despite high inflation, rising interest rates.
  • UN rights council condemns Quran burnings despite splits

    Despite overwhelming condemnation of the Muslim holy book being desecrated, the vote brought more division than unity as Western nations said that more negotiation could have resulted in a unanimous consensus. Pakistan and other Organisation of Islamic Cooperation (OIC) countries brought forward a resolution after an Iraqi refugee burnt pages...
  • H&M shares up

    The company had reported a net profit of 3.29bn kronor ($305m).
  • Turkey to hold NATO talks with Sweden next Thursday

    Turkey dropped its objections to Sweden's nordic neighbour Finland joining earlier in the year and Helsinki became a NATO member in April. Sweden has been a NATO "invitee" since June 2022, but its membership bid, which must be ratified by all 31 member states, has been blocked by Turkey and...
  • Sweden to deport pro-Kurdish PKK supporter to Turkey

    The decision comes after the Supreme Court in May cleared his repatriation to Turkey, where he is expected to serve out a drug trafficking sentence.
  • NATO urges Turkey to pass Sweden’s NATO membership plea

    Istanbul, Turkey - NATO chief Jens Stoltenberg on Sunday called on Ankara to drop its opposition to Sweden's bid to join the defense alliance, saying Stockholm has addressed Turkey's security concerns. "Sweden has taken significant concrete steps to meet Turkey's concerns," Stoltenberg told reporters after meeting President Recep Tayyip Erdogan. "Sweden...
  • Iran puts to death Swedish-Irani man over ‘terrorism’ charge

    TEHRAN, IRAN- Iran executed Swedish-Iranian dissident Habib Chaab for "terrorism" on Saturday, according to the judiciary. "The death sentence for Habib Chaab... nicknamed Habib Asyud, the head of Harakat al-Nidal terrorist group... was executed today, Saturday morning," the judiciary's Mizan Online website reported. Chaab had been held in Iran since October...
  • Ericsson Q1 net profit at $155m  

    Firm announced that it would slash 8,500 jobs worldwide.
  • Saab 2022 net profit at $211m

    Revenue rose as countries boost military spending.
  • Volvo Cars 2022 net profit $1.6bn

    Revenue climbed by 17 percent to a record US$31.8 billion.
  • Muslim world condemns burning of copy of Quran in Swedish capital

    Secretary-General of the GCC Dr. Naif Falah Mubarak Al-Hajraf has warned that the act would inflame and provoke Muslims around the world. He said the GCC stood for the importance of spreading the values of tolerance and rejecting extremism.
  • ‘Sweden confirms Nord Stream pipeline sabotage’

    Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to Germany under the Baltic Sea were acts of sabotage. "The analyses found traces of explosives on several foreign objects" found at the sites, prosecutor Mats Ljungqvist said.
  • Volvo Cars posts Q3 net profit of US$61m

    Retail sales declined in its main markets Europe and the US.
  • Athletes not only win hearts, but a lot of money too

    The value of the medals at the Tokyo Olympics has been revised upwards. Now the gold medals fetch US$200,000, the silver US$125,000 and the bronze US$70,000.