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

Yemen’s Houthi rebels have built a significant arsenal  

DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
  • Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
  • The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.

Global crises, AI key focuses of World Economic Forum

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...
  • The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.
  • With leaders like President Volodymyr Zelensky attending, the forum promises intense dialogues on geopolitical challenges and opportunities for rebuilding trust.

Saudi Arabia launches documentary Horizon on wildlife  

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...
  • The documentary is currently being shown on the Netflix platform.
  • The film gives a look at the ecological diversity of the Kingdom,

India flexes maritime muscles by boosting Arabian Sea force

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
  • Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"
  • India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said

Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...
  • Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".
  • "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

Turkey and Gulf nations condemn US, UK airstrikes on Yemen

"First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...
  • Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia
  • Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
  • The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
  • The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

China implores all sides to prevent Yemen conflict expanding

Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...
  • China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea
  • She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding

US and UK target Houthi radar, missile capabilities

US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...
  • Houthis said their forces will continue targeting Israel-linked ships in the Red Sea
  • A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six

Putin says Russia will ‘certainly’ achieve its goals in Ukraine including seizing the territories

Russian President Vladimir Putin said on Wednesday Moscow would "certainly" achieve its goals in the offensive in Ukraine, including seizing...

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Israeli army says intercepted missile launched from Yemen

The Israeli army said early Thursday it had intercepted a missile launched from Yemen, days after carrying out strikes on...

Hamas agrees partial hostage release in ‘difficult’ truce talks after Qatar-brokered indirect talks

The group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its...

Iran nuclear programme ‘very delayed’ by strikes: French intel chief

Iran's nuclear programme has been "very, very delayed" by US and Israeli strikes, France's foreign intelligence chief said on Tuesday,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran FM holds talks with Saudi Crown Prince after Tehran’s ceasefire with Israel

Saudi Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability, and emphasised Riyadh's position...
  • Saudi Crown Prince Mohammed bin Salman said his country hoped the truce would contribute to regional stability
  • Iranian Foreign Minister Araghchi "expressed his gratitude" to Riyadh for its condemnation of Israel's attacks on Iran last month

UN experts warn of torture risk as US deports migrants to third countries

Geneva, Switzerland -- UN experts decried Tuesday the US resumption of migrant deportations to third countries, including to war-torn South...
  • The experts stressed that assessments of potential dangers faced by deportees "must be individual as well as country-specific".
  • They highlighted that the United States had agreed to adhere to international obligations to prevent so-called refoulement, including under the Convention Against Torture.

Trump says ‘no extensions’ to Aug 1 tariff deadline

While Trump imposed a sweeping 10 percent tariff on goods from almost all trading partners in April, higher rates customized...
  • On Monday night, Trump had told reporters at a dinner that the August 1 deadline was "firm, but not 100 percent firm."
  • Pressed on whether the letters were his final offer, Trump replied: "I would say final -- but if they call with a different offer, and I like it, then we'll do it."