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

Indian authorities tear down 600 year-old mosque in Delhi

New Delhi, India - Bulldozers have knocked down a centuries-old mosque in India's capital, a member of the building's managing committee...
  • The Masjid Akhonji in New Delhi, which its caretakers say is around 600 years old, was home to 22 students enrolled in an Islamic boarding school
  • It was torn down on Tuesday in a forest of Mehrauli, an affluent neighborhood dotted with centuries-old ruins from settlements predating modern Delhi

Saudi Arabia not part of BRICS yet, still considering invite: Report

Riyadh, Saudi Arabia -- Saudi Arabia remains undecided on accepting the BRICS bloc's invitation to join, despite initial claims of...
  • South Africa's Foreign Minister Naledi Pandor's recently asserted the kingdom's membership, but a Saudi official told Reuters the Kingdom has not yet responded to the invitation.
  • BRICS had extended membership offers to Saudi Arabia, United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia last August.

Mediators push for Gaza truce as UNRWA warns its activities may stop

UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...
  • UN rights experts voiced alarm at soaring numbers of journalists killed in the Gaza war, decrying an apparent "deliberate" Israeli strategy to silence critical reporting.
  • 119 people were killed in the latest night of Israeli strikes; "There is a massacre taking place right now," said Leo Cans of international aid group Doctors Without Borders.

OPEC+ panel reaffirms cartel’s current output reduction strategy

In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...
  • In a statement following a meeting via videoconference, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ stopped short of making any recommendations on its output policy.
  • However, the panel said it "reviewed the crude oil production data for the months of November and December 2023", noting the "high conformity" among participating nations.

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
  • The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.
  • MC13 will seek key reforms to the global trading system, including expanding WTO membership .

Creeping war threatens Sudan’s eastern border

Sudan's nine-month-old war has so far largely spared the country's east. But with the frontline inching ever closer, and reports...
  • In recent months, the RSF's push into Al-Jazira state, southeast of the embattled capital Khartoum, has given it access to roads leading further east
  • The port city is Sudan's lifeline for crucial aid during the war that, according to the United Nations, has uprooted around 7.6 million people

Biden to visit Michigan as Arab American anger over Gaza grows

The trip comes days after the Democratic incumbent's campaign manager traveled to the city of Dearborn -- home to the...
  • The White House has made clear that Thursday's trip is purely a campaign visit, and Biden's 2024 team has said that he will meet with members of UAW union in the Detroit area
  • On Wednesday a group of Dearborn organizations called for ceasefire in Gaza and the city's mayor, Abdullah Hammoud refused to meet with Biden's campaign manager

US targets Houthi and Iranian drones in fresh strikes

CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...
  • A US warship also shot down an anti-ship missile fired by the Houthis
  • American forces also destroyed a Houthi surface-to-air missile on Wednesday

Efforts to pause Israel-Palestine war gain pace amid fierce fighting

Palestinian Territories - International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded...
  • Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris
  • While talks take place, the population of Gaza is starving to death due to constraints imposed on humanitarian aid

Houthi rebels target commercial vessel with a missile

Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen....
  • The rebels have carried out some 30 attacks on commercial shipping and naval vessels
  • US forces on Wednesday destroyed a missile belonging to the Houthi rebels

14 countries condemn Israel’s expansion of West Bank settlements, say actions ‘violate international law’

Fourteen countries, including France, Britain, and Germany, condemned on Wednesday Israel's recent approval of new Jewish settlements in the occupied...

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International Court of Justice court paves way for climate reparations

The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...

Israel recalls Gaza negotiators after Hamas responds to ceasefire plan

Mediators have been shuttling between Israeli and Hamas delegations in Qatar for more than two weeks, but the indirect talks have...

Russia, Ukraine begin a fresh round of talks in Istanbul, Kremlin plays down breakthrough hopes

Ukraine said it hoped the two countries would discuss the release of prisoners and lay the ground for a meeting...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas confirms it responded to latest Gaza truce proposal

Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...
  • "Hamas has just submitted its response and that of the Palestinian factions to the ceasefire proposal to the mediators," the Palestinian militant group said in a statement
  • Negotiators from both sides have been holding indirect talks in Doha with mediators in an attempt to reach an agreement on a truce deal

Saudi investors’ delegation arrives in Syria, aims to invest billions

Riyadh, Saudi Arabia -- A Saudi delegation of over 100 investors arrived in Damascus on Wednesday ahead of a conference...
  • The country's investment minister, Khalid Al-Falih, was leading the delegation, which included 120 investors, aiming to ink agreements worth 15 billion riyals ($4 billion).
  • Earlier this year, Saudi Arabia and Qatar pledged to settle Syria's debt to the World Bank totaling about $15 million.

Trump admin unveils AI strategy to maintain US dominance

The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
  • According to US media reports, Trump was also to announce a series of executive orders to give key components of the plan additional legal weight.
  • AI "challenges America to build vastly greater energy generation than we have today," the plan said.