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

Israeli tank shell strikes Gaza’s only Catholic church, killing three

Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...

Geostrategy

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

Geostrategy
Economy

S&P upgrades Ukraine’s credit score of foreign debt

S&P Global Ratings said that boosting the country's credit score of foreign debt to CCC+ "reflects strong committed international financial...
  • S&P's upgrade is based on the assumptions that donors like the US and European Union will continue to provide funding to Kyiv in coming months
  • A potential loan agreement with the IMF could also lower pressures on Ukraine
Geostrategy

Upsurge in violence leaves 21 dead in Syria

Violence has intensified on Syria’s northern border with Turkey leaving 21 civilians dead, many of them children. The bloodshed comes...
  • Turkey considers the main Kurdish component of the SDF to be a terrorist organization with liinks to the Kurdish insurgency inside its own territory.
  • Recep Tayyip Erdogan said Turkey was not looking to seize any Syrian territory, despite stepping up its attacks in the country's north

Moroccan diplomats drugged, robbed by women they met on Tinder

Two Moroccan diplomats have been suspended from their positions in Colombia after they were drugged and robbed by women they...
  • They could be dismissed, and an inquiry has been opened to determine if they will face legal proceedings
  • Colombian channel CityTV quoted a police chief as saying the diplomats had been robbed of their cell phones and a tablet device
Economy

Algeria fires mostly contained but more residents forced to evacuate

Authorities said they deployed more than 1,700 firefighters over Wednesday and Thursday. The dead included more than 10 children and...
  • Fierce fires have become an annual fixture in Algeria's parched forests where climate change is exacerbating a long-running drought
  • Since the beginning of June, some 1,240 blazes have destroyed 5,345 hectares (13,200 acres) of forests and other woodland, Colonel Boughlef said
Geostrategy

European nations call closure of Palestinian NGOs ‘not acceptable’

Terming the Israeli closure of seven Palestinian NGOs in the West Bank as not acceptable, the foreign ministries of nine...
  • The European countries believe that a free and strong civil society is key to promoting democratic values and a two-state solution
  • Last October Israel labelled six of the Palestinian organizations as terrorist groups for their alleged links to a leftist militant group
Geostrategy

Putin, Macron call for IAEA inspection of Ukraine nuclear plant

Russian President Vladimir Putin and his French counterpart Emmanuel Macron called for independent inspections at the Moscow-occupied Zaporizhzhia nuclear plant,...
  • Putin "stressed that the systematic shelling by the Ukrainian military of the territory of the Zaporizhzhia nuclear power plant creates the danger of a large-scale catastrophe.
  • As per the Kremlin, both leaders called for experts of the International Atomic Energy Agency (IAEA) to inspect the plant "as soon as possible" and "assess the real situation.
Geostrategy

US says ‘concerned’ by Israeli closure of Palestinian NGOs

The Israeli military announced earlier in the day that it had conducted overnight raids of seven organizations in Ramallah, the...
  • The NGOs have all denied any links to the PFLP, which many western nations have designated a terrorist group
  • US officials have reached out to their Israeli counterparts "at the senior level" to obtain additional information, which Israel has promised to provide

Algeria fire crews rein in blazes that left 38 dead

Deadly fires have become an annual scourge in Algeria, where climate change has turned large areas of forest into a...
  • Deadly fires have become an annual scourge in Algeria, where climate change has turned large areas of forest into a tinderbox in the blistering summer months
  • Authorities have been accused of being ill-prepared, with few firefighting aircraft available despite record casualties in last year's blazes
Business

Asian, European markets mixed as investors assess Fed outlook

A two-month rally from June lows appears to have run out of steam this week, with downward pressure coming after...
  • Hong Kong, Taipei, Manila, Sydney and Jakarta inched higher, while Shanghai, Singapore, Seoul, Wellington, Mumbai and Bangkok all fell.
  • Wall Street's three main indexes edged up after Wednesday's losses. In Europe, London inched up, while Paris and Frankfurt edged down.
Geostrategy

Erdogan warns of ‘another Chernobyl’ after talks in Ukraine

A flare-up in fighting around Europe's largest nuclear facility in Russian-controlled southern Ukraine has sparked urgent warnings from world leaders,...
  • Russian forces took the plant in March and uncertainty surrounding it has fueled fears of a nuclear incident
  • NATO Secretary General Jens Stoltenberg has said Russia's seizure of the plant "poses a serious threat."

Israeli tank shell strikes Gaza’s only Catholic church, killing three

Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
Geostrategy

Company News

Latest News

Hamas-allied official escapes Israeli strike in Lebanon

According to a security source, who did not want to be identified, the target was Mohammad Assaf of Jamaa Islamiya,...
Geostrategy

Geopolitical tensions boost oil, weigh on equities

Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...
Market Report

Trump tells Israel media ‘you’re losing support’ over Gaza war

Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

UN adopts resolution on immediate Gaza truce as US abstains

All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls...
  • "The bloodbath has continued for far too long," said Amar Bendjama, the representative of Algeria, the Arab bloc's current member of the Council and a sponsor of the resolution.
  • The United States had repeatedly blocked Security Council resolutions that put pressure on Israel but has increasingly shown frustration with its ally as civilian casualties mount.
Business

Mubadala acquires KELIX bio

KELIX bio is a specialty pharmaceutical business.
  • KELIX bio was incepted in November 2020, and has since acquired manufacturing businesses in India, Egypt, Malta and Morocco.
  • Mubadala said the acquisition aligns with Mubadala's goal to position the UAE prominently in the global life sciences sector.
Geostrategy

European Union probes Apple, Google, Meta under new digital law

Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner...
  • The European Commission, the EU's antitrust regulator, said it suspects the measures the firms have put in place so far "fall short of effective compliance".
  • Under the new rules, the commission can impose fines of up to 10 percent of a company's total global turnover. This can rise to up to 20 percent for repeat offenders.