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

Gaza activists urge voters to write ‘ceasefire’ on US primary ballots

A separate campaign is urging supporters to write Biden's name on the ballot in exactly the same manner that "Vote...
  • The group "Vote Ceasefire" says the effort allows Americans to give voice to their anger at the Democratic president over the mounting toll of civilian deaths in Gaza
  • "Vote Ceasefire" organizers have not indicated what kind of turnout would constitute a success for the campaign and it is unclear how much affect it will have

Israel proposes pause in Gaza fighting to secure hostage deal

The US news site Axios reported, citing unnamed Israeli officials, that the deal would take place in multiple stages, the...
  • The deal would also see the release of a number of Palestinian captives
  • The proposal does not include promises to end the war in the Gaza Strip

Israeli strikes kills 200 in Lebanon since Gaza war began

Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has witnessed a near-daily exchange...
  • Monday saw air strikes and artillery shelling targeting Lebanese border villages, with a high school damaged in Taybeh near the Israeli border.
  • More than 83,000 Lebanese have been forced to flee their homes since hostilities began, according to the International Organization for Migration.

Israel pounds Gaza as Netanyahu rejects hostage release deal

Abdelrahman Iyad, wounded in Gaza and now being treated aboard the French helicopter carrier Dixmude, docked in Egypt, said he...
  • While fighting is concentrated in the south it has not ended in the north, where Hamas authorities reported shelling in the Gaza City area and witnesses heard explosions.
  • UN agencies have warned of famine and disease as Gazans, at least 1.7m of whom are displaced, struggle with shortages of water, medical care during bombardments.

‘New era for India’: Modi inaugurates temple built over razed mosque

"Breaking the shackles of slavery, the country should rise, taking lessons from the past," Modi said, speaking outside the temple...
  • "January 22, 2024 is not merely a date in the calendar but heralds the advent of a new era", PM Modi said.
  • The Temple has been built on grounds where a mosque stood for centuries before it was torn down in 1992 by Hindu zealots incited by members of his party.

WHO chief warns pandemic accord hangs in the balance

Shaken by the Covid-19 pandemic, the WHO's 194 member states decided more than two years ago to start negotiating an...
  • But WHO chief Tedros Adhanom Ghebreyesus said the momentum had been slowed down by entrenched positions and "a torrent of fake news, lies, and conspiracy theories".
  • Failure to strike an agreement would be "a missed opportunity for which future generations may not forgive us," he said.

Africa in debt spiral as restructuring efforts drag on

Paris, France -- While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa,...
  • In 2022, African public debt stood at $1.8 trillion, a 183-percent jump from 2010, having grown at around four times as fast as economic output, according to UN figures.
  • Private investors -- including investment funds and pension funds -- have in recent years risen to become the top lender to African nations.

Potential dangers of AI seen as major business risks for 2024

Davos, Switzerland -- Thdfe potential dangers of AI, particularly its influence on upcoming elections and the escalation of military conflicts,...
  • Elections emerged as a focal point of discussion: 3 billion people across 40 countries, representing 60% of global GDP, are set to vote this year.
  • "Misinformation can destroy trust through an election and undermine society at large," said one CEO.

EU foreign ministers to meet Israeli, Palestinian diplomats

The bloc's foreign policy chief Josep Borrell risked incurring Israel's wrath by accusing it on Friday of having "created" and...
  • EU ministers will first meet with Israel's FM and then with the PA's top diplomat Riyad al-Maliki
  • A high-ranking EU official said there were no expectations of any breakthroughs

Wounded Gazans get medical care on French hospital ship

Israel responded with a military offensive that has killed at least 25,105 people in Gaza, mostly women and children, according to...
  • French warship began treating patients in November, off the coast of the port of El-Arish, 50 kilometers (30 miles) west of the Egyptian border with Gaza
  • French doctor Marine, who is serving aboard the Dixmude said the warship has so far received 120 patients, all serious cases who needed long periods of hospitalization

China’s rare earths El Dorado gives strategic edge

Ganzhou, China -- Buried in the reddish soil of southern China lies latent power: one of the largest clusters of...

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Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators

Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...

Trump threatens to sue WSJ over story on alleged 2003 letter to Epstein

Washington, United States - US President Donald Trump threatened to sue The Wall Street Journal Thursday over a story about...

Europeans tell Iran will reimpose sanctions if no progress on nuclear deal: France

Top European diplomats told their Iranian counterpart on Thursday they were determined to reactivate UN sanctions if Tehran does not...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Baghdad and Arbil agree to resume Kurdish oil exports: government

Baghdad, Iraq -- The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after...
  • Lucrative oil exports have been a major point of tension between Baghdad and Arbil, with a key pipeline through Turkey shut since 2023 over legal disputes and technical issues.
  • Oil exports were previously independently sold by the Kurdistan region, without the approval or oversight of the central administration in Baghdad, through the port of Ceyhan.

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...
  • The site was sheltering around 600 displaced people, the majority of them children and 54 with special needs.
  • "The people in the Holy Family Compound are people who found in the Church a sanctuary," the Patriarchate said.

Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region

Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
  • Production at two fields operated by the Norwegian group DNO ASA was temporarily suspended, the company said
  • Long plagued by conflict, Iraq frequently experiences such attacks, often linked to regional proxy struggles between Iran and the US