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

G20 nations fall short of common plan on fossil fuels

NEW DELHI, INDIA - Energy ministers from the group of 20 nations meeting in India on Saturday failed to agree...
  • The failure to reach agreement in Goa comes despite G7 leaders agreeing in Hiroshima in May to "accelerate the phase-out of unabated fossil fuels".
  • G20 host nation India is itself only pledging to reach net zero by 2070, 20 years later than the commitment made by many other countries.

Israeli reserve troops warn government over judiciary overhaul

JERUSALEM- More than 1,100 Israeli air force reservists -- including fighter pilots -- threatened to suspend volunteer service as protests...
  • At least 1,142 air force reservists declared their intention to suspend volunteer service if parliament passes the bill next week.
  • Israel's Prime Minister Benjamin Netanyahu's hard-right government unveiled in January the plans to limit the judiciary's powers.

Israeli army shoot Palestinian dead in occupied West Bank

NABLUS, PALESTINIAN TERRITORIES - Israeli forces have shot dead a Palestinian in the occupied West Bank, Palestinian officials said on Saturday,...
  • Fawzi Mukhalifa, 18, "was killed by the occupation (Israeli) bullets in the town of Sebastia" late on Friday, the Palestinian health ministry said.
  • The army said troops had responded to "a car ramming attempt by firing towards the suspects who were in the vehicle. The driver was neutralized".

ECB wants reports on weekly basis to tighten monitoring of banks’ liquidity

BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the...
  • The data include details such as the maturity of liquidity in the bank's accounts, their counterparties and refinancing transactions with the ECB.
  • The shift comes just after the bankruptcy of regional banks in the United States in March, followed by the collapse of Credit Suisse.

Suspect identified in UN personnel’s killing in Yemen, says official

DUBAI, UAE - Authorities in Yemen have identified a suspect in the killing of a World Food Program official in the...
  • Moayad Hameidi, the head of the UN food agency's office in Taez, was killed in a shooting on Friday in the nearby city of Turbah.
  • Taez is controlled by the government but is surrounded and blockaded by areas under Houthi control.

Morocco’s women football team to make history in World Cup debut

When Morocco's women take on two-times former champions Germany in Melbourne they will be the first Arab team to play...
  • Its women team had a surprise run to the final of last year's Africa Cup of Nations, before losing 2-1 to South Africa
  • It is in Group H at the Women's World Cup and as well as Germany will face South Korea and Colombia

Quran burning: Iraqis, Iranians rally as Swedish diplomats leave Baghdad

Baghdad, Iraq -- Demonstrators marched in the Iraqi and Iranian capitals Friday to denounce Sweden's permission for protests that desecrate the...
  • Sweden on Friday cited security concerns in a decision to relocate embassy staff after protesters stormed its embassy compound in a pre-dawn attack this week.
  • In Lebanon, the leader of the pro-Iran Hezbollah movement Hassan Nasrallah called for expulsion of the Swedish envoy there and the recall of Lebanon's ambassador to Sweden.

Dutch museum exhibit on Egypt causes anger in North African country

LEIDEN, NETHERLANDS - In a Dutch museum the sound of hip-hop blares out next to sarcophagi and statues, in what curators...
  • Egypt's antiquities service said the museum is "falsifying history" with its "Afrocentric" approach, which seeks to appropriate Egyptian culture.
  • The museum said there had been a "commotion about this exhibition, because it shows Egyptian culture through the eyes of artists with African roots."

Asian markets swing as US jobs data disappoint

Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two...
  • Data recently pointed to a weakening in the US economy that would help ease inflation, the Fed has said it needed to see more softening in the jobs sector.
  • This week's stumble follows a rally last week when a faster-than-expected slowdown in US inflation stoked hopes the Fed could end its rate hikes. .

Israel’s Netanyahu to visit Turkey days after Palestinian leader

Netanyahu's office confirmed the visit, the first by an Israeli prime minister since Ehud Olmert in 2008. Turkey's diplomatic drive...
  • Benjamin Netanyahu will be received a few days after Palestinian leader Mahmoud Abbas, who is expected on July 25, the Turkish presidency said
  • The leaders will discuss Turkey-Palestine relations and the latest developments in the Israeli-Palestinian conflict, as well as other topical international issues

Israeli PM tells Gaza City residents to ‘leave now’ as military ramps up deadly assault

Israel has been intensifying its bombardment of the city in preparation for an operation to conquer it, despite repeated entreaties...

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Hamas confirms Gaza truce talks in Doha as Yemen’s Huthis threaten Israeli shipping over aid block

The initial phase of the truce brokered by Qatar, Egypt and the United States began on January 19, and helped...

Syrian presidency announces agreement to integrate Kurdish institutions

The Syrian presidency announced on Monday an agreement with the head of the Kurdish-dominated Syrian Democratic Forces (SDF) to integrate...

Jeddah Talks: Ukraine accepts US proposal of 30-day ceasefire with Russia

The positive response from Ukraine prompted President Donald Trump's administration to lift a freeze on military aid and to predict...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Ukraine, US delegations to meet in Jeddah next week: Saudi

Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week...
  • Saudi Arabia last month hosted a Russian-American meeting -- the first high-level talks between the two governments since the Ukraine war began in 2022.
  • Relations between the US and Ukraine have rapidly deteriorated after an explosive meeting at the White House led to Washington cutting off military aid and intelligence sharing.

UNRWA warns Israel’s West Bank operation aligns with annexation ‘vision’

The Israeli operation, which the military says targets militants in the northern West Bank, was launched shortly after a truce...
  • Israeli forces carry out regular raids targeting militants in the West Bank, occupied since 1967, but the ongoing operation since late January is already the longest in two decades
  • Israeli Defence Minister Israel Katz has said troops would remain for many months in the evacuated camps to "prevent the return of residents and the resurgence of terrorism."

Hamas says Trump’s ‘DEAD’ threat to Gaza undermines ceasefire

"Release all of the Hostages now, not later, and immediately return all of the dead bodies of the people you...
  • Trump said later he was "sending Israel everything it needs to finish the job" as his administration expedites billions of dollars in weapons.
  • "These threats complicate matters regarding the ceasefire agreement and encourage the occupation to avoid implementing its terms," said Hamas spokesman Hazem Qasim.