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

Macron says revival of nuclear deal with Iran ‘still possible’

French President Emmanuel Macron on Saturday told his Iranian counterpart Ebrahim Raisi that reviving the landmark 2015 deal on Tehran's...
  • French leader's telephone call with Raisi comes as negotiations in Vienna between Iran and world powers including the United States have stalled since March
  • Macron also "reiterated his deep concern" about four French citizens "arbitrarily held" in Iran during his call with Raisi

Iran arrests spies plotting to attack sensitive sites, blames Israel

Iran's intelligence ministry announced Saturday the arrest of agents linked to Israel's Mossad who entered the Islamic republic to carry...
  • The suspects entered Iran from northern Iraq but were arrested before they could carry out their mission, IRNA said, citing a statement from the ministry
  • Iran and Israel have been engaged in a years-long shadow war, with the Islamic republic accusing its arch-foe of carrying out sabotage attacks against its nuclear sites

WHO highest alert on monkeypox: calls it global health emergency

The World Health Organization on Saturday declared the monkeypox outbreak, which has affected nearly 17,000 people in 74 countries, to...
  • Monkeypox has affected over 16,800 people in 74 countries, according to a tally by the US Centers for Disease Control and Prevention (CDC) published on July 22.
  • A surge in monkeypox infections has been reported since early May outside the West and Central African countries where the disease has long been endemic.

Iraq to host ‘public’ meeting of Iran, Saudi foreign ministers

It will be a public meeting, (unlike) previous encounters that were held privately at a low level between intelligence and...
  • Since April last year, Iraq has hosted five rounds of talks between Saudi Arabia and Iran.
  • Riyadh severed ties with Tehran after Iranian protesters attacked Saudi diplomatic missions in Iran in 2016 following the Saudi execution of Shiite Muslim cleric Nimr al-Nimr.

African Union lauds Russia for allowing Kyiv to resume grain export

Ukraine and Russia and two of the world's largest grain producers.
  • Ukraine's farms are major source of grain for world market, particularly in Middle East and Africa.
  • Cereal prices in Africa have surged because of the slump in exports due to Russia-Ukraine war.

16 killed in Libya militia clashes since Thursday: Ministry

The fighting began on Thursday night and extended into Friday afternoon. The clashes were between two armed groups with major...
  • Several sources said one group's detention of a fighter belonging to the other had sparked the fighting, which extended to several districts of the capital.
  • Mitiga, the capital's sole functioning airport, was closed for several hours on Friday before it reopened late in the day.

IMF adopts plan to better account for gender gaps

Kristalina Georgieva in a statement.said that the Washington-based organization would immediately begin implementing the strategy.
  • Kristalina Georgieva in a statement.said that the Washington-based organization would immediately begin implementing the strategy
  • She added that "well-designed macroeconomic, structural, and financial policies can support efficient and inclusive outcomes.”

Wheat prices fall as Russia-Ukraine export agreement takes off

Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement...
  • Russia and Ukraine together produce about 30 percent of the world's wheat exports
  • Despite Friday's retreat in wheat prices, analysts expressed skepticism about the accord's ability to sidestep the realities of the grinding Russia-Ukraine conflict

Iranian dissident summit in Albania put off over ‘security threats’

A global summit in Albania dedicated to advocating regime change in Iran has been postponed due to security threats, an...
  • The Free Iran World Summit was set to take place this weekend outside the Albanian capital Tirana, at the headquarters of the People's Mojahedin Organization of Iran (MEK)
  • The US embassy in Tirana on Thursday evening tweeted about a "potential threat" targeting the summit and warned its citizens in Albania to avoid the event and keep a low profile

Tunisia police crack down on anti-Saied protest

Tunisian police used pepper spray to disperse protesters and arrested several demonstrators Friday, as hundreds rallied against President Kais Saied...
  • The protest came as Tunisians prepare to vote Monday on a draft constitution that would enshrine the vast powers that Saied has exercised since he sacked the government
  • His move was a decisive blow against the crisis-ridden political system in Tunisia, the only democracy to have emerged from the 2011 Arab uprisings

Syria signs $800 mn port deal with DP World to develop Tartus port

Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...

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S.Africa says Israel war undermining top UN court

South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...

Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...

AstraZeneca to buy Fusion

The $2.4bn deal is its latest expansion into cancer treatments.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN says Israel may be using starvation as weapon of war

"The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of...
  • The comments came after a UN-backed assessment determined that the war-torn Palestinian territory is facing imminent famine.
  • Meanwhile, Israel's spy chief left Doha but talks over a Gaza ceasefire and hostage release are continuing in Qatar's capital.

Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with...
  • During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region
  • Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said

Saudi Aramco CEO calls energy transition strategy a failure

Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current...
  • Fossil fuels accounted for 82% of global consumption last year, according to KPMG report
  • The International Energy Agency has said oil demand could hit a record this year