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

China says willing to mediate between Pakistan and Iran after strikes

"The Chinese side sincerely hopes that the two sides can exercise calm and restraint and avoid an escalation of tension,"...
  • Tehran said it had summoned the Pakistani charge d'affaires in response to the attack, which killed at least seven people
  • Nuclear-armed Pakistan and neighbouring Iran are both battling simmering insurgencies along their sparsely populated border regions

Pakistan strikes ‘terrorist hideouts’ inside Iran

Iran and Pakistan routinely blame each other for allowing militants to operate from the other's territory to launch attacks, but...
  • Iranian media reported three women and four children were killed in the attack
  • The attack comes after Iran confirmed hitting "a terrorist group" late Tuesday in Pakistan

US, UK launch new strikes on Houthi targets in Yemen

A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the...
  • Houthi rebels vowed to continue attacking shipping in the Red Sea in support of Palestinians
  • The US and Britain attacked nearly 30 sites in Yemen with more than 150 munitions last week

Kuwait gets first non-royal foreign minister as ‘reform’ era starts

Abdullah al-Yahya, a former ambassador to Argentina, was named in the coveted role as part of a hand-picked cabinet of...
  • In his inaugural speech last month, Sheikh Meshal had strongly criticized the recurring political crises that have long frustrated Kuwaitis.
  • The OPEC member, home to seven percent of the world's oil reserves, has the Gulf's most powerful parliament but suffers chronic legislative deadlock

Record 116 tons of cocaine seized at Belgium’s Antwerp port in 2023

Vlissingen, Netherlands - Cocaine seizures at the Belgian port of Antwerp, the top gateway into Europe for mainly South American drug...
  • The cocaine is usually hidden in containers, or sometimes underneath ships in openings below the water line where they are then recovered by divers.
  • Belgium, neighboring Netherlands and Spain are the top three European nations for illegal cocaine imports, mostly from Panama, Colombia and Ecuador

UN warns of ‘bleak future’ facing Gazans after war ends

At least 24,448 Palestinians, more than 70 percent of them women, young children and adolescents, have been killed in Israeli bombardments...
  • "My fear is that we have now a generation of lost kids," said UN official Lazzarini, describing children who are living in "brutal" conditions and are deeply traumatized.
  • Also, UN chief Antonio Guterres on Wednesday warned that a "full-fledged confrontation" between Israel and Lebanon would be a "total disaster".

Israeli army shoots seven Palestinians dead in West Bank

Since the start of the Israel-Hamas war in Gaza on October 7, the West Bank has experienced a level of...
  • The Palestinian Red Crescent said an Israeli strike killed four people inside Tulkarem camp early in the morning
  • In a separate strike near Balata refugee camp, east of Nablus, Palestinian news agency Wafa reported three men were killed

WTO head ‘less optimistic’ for world trade due to Red Sea strikes

The head of the international trade body said weaker global economic growth, "worsening geopolitical tensions, the new disruptions we see...
  • Before the outbreak of war in Gaza, the WTO had predicted trade would grow by 0.8 percent in 2023 and projected growth of 3.3 percent this year.
  • "We think there are a lot of downside risks to the forecasts we had made last year of 3.3% of growth of merchandise volumes this year. So we expect weaker performance," she said.

Sudan war threatens UNESCO World Heritage Site

The Regional Network for Cultural Rights said it "strongly condemns the incursion by the Rapid Support Forces (RSF)", the paramilitary...
  • The Cultural Rights group said the incident, which took place on Sunday, marked the second time since December that fighting had broken out at the religious sites
  • State authorities reported "an incursion by the RSF, repulsed by the air force", claiming that "calm has returned" without mentioning whether the sites suffered any damage

Turkey’s first astronaut brandishes Erdogan’s ambitions

Erdogan has displayed a keen interest in the mission, which comes against the backdrop of a raging economic crisis and...
  • Alper Gezeravci, a fighter pilot and colonel in Turkey's air force, is due to take off on Wednesday from the Cape Canaveral Space Force Station in Florida for a two-week mission
  • He will be joining Swedish, Italian and Spanish astronauts aboard a shuttle provided by the private Axiom Space company, which will be conducting its third flight with NASA

US vows Hamas disarmament in talks on next Gaza phase as regional officials met

US Secretary of State Marco Rubio on Friday urged the disarmament of Hamas but voiced hope for headway on reaching...

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Iran says no nuclear talks if US insists it stop uranium enrichment

Washington and Tehran had been engaged in several rounds of negotiations seeking to strike a deal on the Islamic Republic's...

Trump gives Russia 50 days to make Ukraine deal or face new economic sanctions

US President Donald Trump told Russia on Monday to end its Ukraine war within 50 days or face massive new...

Mediators working to bridge gaps in faltering Gaza truce talks

The indirect negotiations in Qatar appear deadlocked after both sides blamed the other for blocking a deal for the release...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump says US will send Ukraine Patriot air defense systems, and may sanction Russia

President Donald Trump on Sunday said Washington would send Patriot air defense systems to Kyiv and hinted at new sanctions...
  • The US president's announcement of the much-needed weapons for Ukraine came after he earlier said he would make a "major statement... on Russia" on Monday

Gaza civil defence says Israeli strikes kill 43 as truce talks deadlocked

Israel's military blamed it on a "technical error" when targeting a militant in the Nuseirat refugee camp in central Gaza,...
  • Delegations from Israel and the Palestinian militant group have now spent a week trying to agree on a temporary truce to halt 21 months of devastating fighting in the Gaza Strip
  • Washington is Israel's top ally and Donald Trump has been pushing for a ceasefire, with the US president saying Sunday he was hopeful of a deal

Russia’s Lavrov visits Beijing to discuss Ukraine

Russian Foreign Minister Sergei Lavrov met Sunday in Beijing with his Chinese counterpart to discuss Ukraine and relations with the...
  • Russia's top diplomat arrived in China following a visit to North Korea, where he received assurances of support in its conflict with Ukraine
  • Lavrov and Wang Yi "discussed relations with the United States and the outlook for settling the Ukrainian crisis," Russia's foreign ministry said in a statement