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

Tunisia records low turnout in vote for new chamber

More than 260 prominent Tunisian figures had signed a petition against what they called a "useless" election, saying Saied's government...
  • Just 11.66 percent of the nine million strong electorate turned out on Sunday for the vote to choose more than 2,000 councilors from around 7,000 candidates
  • The electoral authority is scheduled to give preliminary results on December 27. A second round is scheduled for February, with no set date as of now

Gaza war exacting ‘heavy price’ on Israel army: Netanyahu

Israeli prime minister said that in spite of the high toll in Gaza, the country had no choice but to...
  • Netanyahu said the war will go on until Hamas is eliminated and "we restore security"
  • The army said 14 soldiers had been killed in the Palestinian territory since Friday

Saudi Arabia, UAE lead MENA’s smart city development

In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost...
  • In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost & Sullivan projected $50bn investment by 2025.
  • Saudi Arabia, leading with Riyadh, targets 17 cities for smart development, while the UAE's Masdar City, Oman's Sultan Haitham, and Qatar's Lusail City follow suit.

FTA issues guide to determine natural persons subject to corporate tax

ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...
  • The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.
  • The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.

Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities

DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
  • The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.
  • The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions

136 UN employees killed in Gaza War, says UN chief   

NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had...
  • The UN chief said that the Israeli military offensive was creating 'massive obstacles' to the distribution of humanitarian aid inside Gaza.
  • The United Nations Security Council had adopted a resolution calling for boosting humanitarian assistance for Gaza Strip.

Israeli forces detain 4,695 Palestinians in West Bank since Oct 7

The Palestinian Prisoners Society (PPS) and the Detainees and Ex-Detainees Affairs Authority say the tally includes the Palestinians detained at...
  • The statement said Israeli forces continue to carry out widespread acts of abuse, brutal assaults, on-field interrogations, and threats against detainees and their families.
  • Since Oct 7, West Bank Palestinians have witnessed growing settler violence and the displacement of small herding villages on land coveted by Israel.

SFD-financed Arkiz Agricultural Project in Mauritania inaugurated

Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...
  • The project will improve the efficiency of Mauritania's water, irrigation and drainage facilities, while delivering agricultural equipment and potable water to farmers.
  • Since 1979, the fund has contributed toward 20 development projects in Mauritania, at a value of over $665 million.

Biden presses Netanyahu on protecting civilians in Gaza

The conversation came a day after the UN Security Council passed a resolution demanding "safe and unhindered delivery of humanitarian...
  • Biden told reporters earlier in the day that he had a "long talk" with Netanyahu
  • The two leaders discussed the "objectives and phasing" of Israel's military campaign

Turkey targets ‘terrorists’ in Iraq and Syria after 12 soldiers killed

Ankara has operated several dozen military posts in the area for the past 25 years in its decades-old war against...
  • Defense ministry said "29 targets, including caves, bunkers, shelters, oil installations and warehouses, were destroyed" during the operation carried out at 10 pm BN
  • Syrian Observatory for Human Rights reported strikes on Saturday evening against two oil sites in northeast Syria, near the Turkish border

Negotiations under way on Hamas fighters trapped in Gaza tunnels: sources close to talks

An Israeli government spokesperson told AFP earlier this month that Prime Minister Benjamin Netanyahu "is not allowing safe passage for...

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Putin says Russia, Ukraine peace proposals “absolute contradictory”

Russian President Vladimir Putin said Friday that Russia and Ukraine's demands for peace were "absolutely contradictory", after two rounds of...

Doctors’ aid group slams US-backed Gaza relief scheme over deadly roll-out

The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations, "is degrading Palestinians by...

Israel FM says world has ‘obligation’ to stop Iran getting nuclear bomb

Israel's foreign minister said Friday the world was obliged to stop Iran developing an atomic bomb, days after Israel claimed...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB

Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...
  • This year, 421m people get by on less than $3 a day in places hit by conflict or instability -- a situation of extreme poverty -- and the number is poised to hit 435m by 2030.
  • Global attention has been focused on conflicts in Ukraine and the Middle East for the past three years, said World Bank Group chief economist Indermit Gill.

US Supreme Court curbs power of individual judges to block Trump

In a 6-3 ruling stemming from Trump's bid to end birthright citizenship, the court said nationwide injunctions issued by district...
  • But the broader decision on the scope of judicial rulings will remove a big roadblock to Trump's often highly controversial orders and reaffirm the White House's power.
  • rump's birthright citizenship order has been deemed unconstitutional by courts in Maryland, Massachusetts and Washington state, leading him to make an emergency appeal to the SC.

UAE top court upholds life terms for 24 convicted in mass trial

Dubai, United Arab Emirates -- The UAE supreme court has jailed 24 people for life after upholding their convictions for...
  • The 24 were originally convicted in a mass trial of 84 people in July last year, most of whom had been behind bars since a similar mass trial of 94 people in 2013.
  • "Following yesterday's ruling... the total number of convicted individuals in this case has risen to 83 out of 84 referred to trial," WAM said.