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

US strikes Iran-linked locations in eastern Syria

US Defense Secretary Lloyd Austin said that his country's forces carried out precision strikes on facilities in Syria used by...
  • Austin said the strikes were conducted against a training facility and a safe house
  • There are nearly 2,500 American troops based in Iraq and some 900 in Syria

Netanyahu tells NBC ‘there could be’ potential deal to free hostages

"We heard that there was an impending deal of this kind or of that kind and then we learned that...
  • But he stopped short of providing specifics about any plan that might be coming together to free some or all of the 239 hostages that Israel says are being held captive.
  • A source close to Hamas said this week that negotiations have occurred over a possible three-day ceasefire in exchange for the release of a dozen hostages.

Erdogan calls for pressure on US to stop Israel’s Gaza onslaught

Erdogan returned from a summit on Saturday of Arab and Muslim leaders in the Saudi capital Riyadh, which condemned Israeli...
  • "The most important country that needs to be involved is the United States, which has influence on Israel," Erdogan said. But he said he would not call Biden.
  • "We cannot agree with Biden if he approaches (the conflict) by seeing Gaza as the land of occupying settlers or Israel, rather than the land of the Palestinian people," he said.

Gazans fleeing devastating Israeli bombing live in dust, fear and hunger

Perched on trucks, crammed into cars, pulled by donkeys on carts, and on foot, tens of thousands of Palestinians are...
  • In southern Gaza, overflowing with displaced from the north, rents of $150 a month are now up to $500 to $1000.
  • Before the war, a little over 80 per cent of Gazans lived in poverty and almost two-thirds were dependent on international aid, especially for food, according to the UN.

Algeria names new prime minister one year from elections

Algerian news website TSA said the change came after Tebboune publicly criticised "the management of tensions connected to the availability...
  • Tebboune named Ennadir Larbaoui, currently serving as director of the presidential cabinet, to replace PM Aimene Benabderrahmane
  • The nomination of Larbaoui, 74, came just over a year before presidential elections due to be held in December 2024

Concern grows for thousands trapped in Gaza hospital

Crowds of people have crammed into the corridors of Al-Shifa to escape the fighting in Gaza between Israel and Hamas,...
  • OCHA said Israeli bombardments around hospitals in Gaza City intensified on Friday
  • MSF denounced the intense battles as the "death warrant of civilians currently trapped in Al-Shifa hospital"

Ukraine officer had key role in Nord Stream sabotage: reports

Mystery has surrounded who was behind the blasts that damaged the pipelines, cutting off a major route for Russian gas...
  • A joint investigation by The Washington Post newspaper and German outlet Der Spiegel singles out Roman Chervinsky who served in Ukraine's Special Operations Forces
  • He oversaw logistics and support for a six-person team, which rented sailing boat using false identities and diving equipment to place explosive charges on pipelines, said reports

Gaza’s post-war governance uncertain as war rages

Israeli Prime Minister Benjamin Netanyahu, who has long sought to sideline the PA, on Wednesday told Fox News his country does...
  • Antony Blinken said late last month that the Palestinian Authority should retake control of the Gaza Strip from Hamas
  • Hamas leader Osama Hamdan said the group will not accept a puppet government in Gaza and will remain in the territory

US military plane crashes in Mediterranean training ‘mishap’

US EUCOM did not specify the type of plane or where it was flying from, but the US has deployed...
  • The statement said that the aircraft sortie was purely related to training and "there are no indications of hostile activity"
  • Israel's military responded with a relentless air, land and naval assault on Gaza, leaving more than 11,000 people dead

Arab, Muslim leaders summit condemns Israel over Gaza offensive

Arab and Muslim leaders condemned Israeli forces' "barbaric" actions in Gaza but declined to approve punitive economic and political steps...
  • The summit took place against a backdrop of widespread anger in the Middle East and beyond over Israel's aerial and ground offensive in Gaza.
  • Israel's offensive in Gaza killed over 11,000 people, mostly civilians and many of them children, according to the Hamas-run health ministry.

Sweeping UN sanctions return to hit Iran after nuclear talks fail

The sanctions, three months after Israel and the United States bombed Iran, bar dealings related to Tehran's nuclear and ballistic...

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US, China to slash tariffs as Trump to speak to Xi

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies...

Iraq: PKK decision to disband boosts regional stability

Iraq welcomed Monday the Kurdistan Workers' Party's (PKK) decision to disband and end its armed struggle against Turkey, saying it...

Israel’s West Bank land registration serves ‘annexation’: NGO

Ramallah, Palestinian Territories - An Israeli rights group denounced Monday a government decision to launch extensive land registration for parts...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US, China to publish details of ‘substantial’ trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...
  • It was the first time senior officials from the world's two largest economies have met face-to-face to talk trade since Trump imposed steep new levies on China totalling 145%
  • The trade spat between Washington and Beijing has rocked financial markets and raised fears of a global economic slowdown and an inflationary spike in the United States

Asian markets rally after positive China-US trade talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the...
  • Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2
  • The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent

Trump hails Air Force One ‘gift’ from Qatar

Calling the plane a "flying palace," ABC News, which first reported the story, said the Boeing 747-8 jumbo jet gifted...
  • Boeing 747-8 jumbo jet gifted from the Qatari royal family would possibly be the most expensive gift ever received by the American government
  • The controversy around the jet builds on questions the US leader is facing over potential conflicts of interest with his family businesses and use of public office