INSEAD Day 4 - 728x90

Geostrategy

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

UAE and Jordan leaders discuss boosting economic, investment ties

Amman, Jordan-- The UAE and Jordan have explored opportunities for collaboration in the fields of economy, investment, food security, renewable...
  • The two leaders explored new opportunities for collaboration to support the development goals of both countries
  • They discussed regional and international issues with a specific focus on the Middle East, in particular the Gaza Strip

Blinken heads to Egypt to seek ‘enduring end’ to Gaza war

Palestinian Territories - US Secretary of State Antony Blinken was due to fly to Egypt on Tuesday as part of...
  • In Cairo, Blinken is scheduled to meet Egyptian President Abdel Fattah El-Sisi, the day after he held talks in Riyadh with Saudi Crown Prince Mohammed bin Salman
  • Blinken's diplomatic push has been given fresh urgency with Israeli forces pressing further south towards Rafah, a Palestinian city on the southern border with Egypt

China, Russia blame US for stoking Middle East tensions

The US forces targeted many positions in Syria and Iraq in retaliation for a drone attack on a base in...
  • Russian ambassador said US attacks are aimed to stoke the conflict
  • China's ambassador said US actions will worsen the "tit-for-tat violence in the Middle East"

WW3 may begin before US President Biden’s term ends, Trump says

NEW YORK, US - World War III may break out before US President Joe Biden leaves office, former US president...
  • Trump alleged that that Biden's policy had turned the world into hell and was leading the United States to a bloodbath.
  • The US presidential election will be held in November and incumbent Joe Biden said that he would seek re-election.

Russian foreign minister to speak at Valdai Middle East Conference

MOSCOW, RUSSIA - Russian Foreign Minister Sergey Lavrov will take part in the 13th Middle East Conference of the Valdai...
  • The 13th conference is taking place at a time when the region is under the microscope amid the escalating Palestinian-Israeli conflict.
  • Experts are likely to discuss ways to come to a comprehensive settlement in the Middle East, the legacy of colonial policy.

Spain to increase UNRWA funding after donors suspend aid

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to...
  • Over a dozen countries, including the US, Germany, Britain and Sweden, have suspended their funding to UNRWA.
  • There are accusations that 12 UNRWA staff members were involved in the October 7 attacks in Israel by Hamas.

Investment in Qatar free zones reaches US$1.3bn, says QFZ chairman 

DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed...
  • The QFZ chairman held a meeting with a delegation led by First Vice-Chairman of Qatar Chamber Mohamed bin Ahmed bin Twar Al Kuwari.
  • The delegation paid a field tour to the Ras Bufontas Free Zone to explore the investment benefits and business opportunities within the free zones.

Gaza situation ‘indescribable’ as Blinken starts another Mideast tour

On his fifth trip to the region since the war broke out, Blinken will visit Saudi Arabia, Israel and mediators...
  • At least 128 people were killed in Israeli strikes overnight to Monday, according to the health ministry in the Hamas-ruled territory.
  • UN chief Antonio Guterres announced the creation of a panel to assess UNRWA and "whether the agency is doing everything within its power to ensure neutrality".

Saudi, UAE ‘prior’ countries for Russia’s inbound tourism push

Moscow, Russia -- China, India, Iran, the United Arab Emirates (UAE) and Saudi Arabia will become prior countries for Russia...
  • In 2024, attention will be given to five prior countries: China, India, Iran, the UAE, Saudi Arabia, said Director General of the Center for Strategic Research Pavel Smelov.
  • "It is expected that by 2030 the implementation of the concept presented will result in the annual flow of 16 million foreign tourists," he said.

Iran starts construction on new 10MW nuclear research reactor

Tehran, Iran -- Iran said Monday it had started building a new nuclear research reactor in Isfahan, days after it announced...
  • The new 10-megawatt research reactor is being constructed to create a powerful neutron source, IRNA said.
  • It would have a variety of applications, including fuel and nuclear material tests and the production of industrial radioisotopes and radiopharmaceuticals, it said.

Iraqis cover soil with clay to curb sandstorms

Samawah, Iraq -- Deep in Iraq’s southern desert, bulldozers and earthmovers spread layers of moist clay over sand dunes as...

Company News

Latest News

Food airdropped into Gaza as Israel says opening aid routes

UN's World Food Programme said a third of the population of Gaza had not eaten for days, and 470,000 people...

Humanoid robots embodiment of China’s AI ambitions

Shanghai, China -- Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World...

Israel declares Gaza fighting pause amid deepening hunger crisis

Israel imposed a total blockade on Gaza on March 2 after ceasefire talks broke down. In late May, it began...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Paris demands ‘explanation’ from airline over removal of Jewish teens

Paris, France - France's foreign minister has called the CEO of Spanish airline Vueling to demand an "explanation" after dozens...
  • During an incident on Wednesday, the Spanish airline said it had asked the adolescents to leave the plane in the Spanish city of Valencia due to their "disruptive behaviour."
  • But parents condemned what some described as an "antisemitic act", and alleging the teenagers were forced off the plane after one of them had sung a song in Hebrew

UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages

The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...
  • "Airdrops will not reverse the deepening starvation. They are expensive, inefficient & can even kill starving civilians," UNRWA chief Philippe Lazzarini wrote on X
  • An Israeli official told AFP on Friday that aid drops in Gaza would resume soon, adding they would be conducted by the United Arab Emirates and Jordan

Syria says meeting with Israeli officials sought to ‘contain escalation’

Syrian diplomatic source said Saturday that a US-mediated meeting with Israeli officials in Paris this week sought to "contain the...
  • Israel launched strikes this month on Damascus and Druze-majority Sweida province, saying it was acting in support of the religious minority
  • On Thursday, US special envoy for Syria Tom Barrack had said he held talks with unspecified Syrian and Israeli officials in Paris