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

Russia, Saudi say sovereign Palestine state vital for regional peace

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
  • The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
  • Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.

West Bank, Jerusalem Palestinians go on strike over Gaza onslaught

Activists had called for a strike in solidarity with the besieged territory covering businesses, public workers and education. Many Palestinians...
  • He described the protest as part of a global effort to put pressure on Israel to stop the war, reporting strikes taking place in parts of Jordan and Lebanon.
  • In Lebanon, public institutions, banks, schools and universities closed after the government decided on a nationwide strike in solidarity with Gaza.

COP28 draft deal calls for ‘reducing’ fossil fuel production, consumption

The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the...
  • The document calls for reducing the consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050".
  • A previous draft on Friday included the word "phase-out" which climate campaigners, low-lying island states and the European Union have been pushing for.

Israel hits targets near Damascus with air strikes

According to the Syrian Observatory for Human Rights, a Britain-based war monitor, the strikes had targeted "Hizbollah sites" in the...
  • A security official said that anti-aircraft defences shot down some missiles
  • Israel has launched hundreds of air strikes on Syria since civil war began in 2011

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
  • The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.
  • The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

Israel must be held accountable for its actions, says Palestinian PM

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...
  • The Palestinian PM denounced Washington’s use of veto against a UN draft resolution calling for a ceasefire in Gaza.
  • He said that there is an urgent need for a comprehensive political solution that would end the suffering of the Palestinians.

Saudis, Iraq stand firm as COP28 mulls phase-out of fossil fuels

With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give...
  • The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.
  • A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

Russia’s Putin offers assistance in Gaza Strip de-escalation

MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...
  • This offer was made during a telephonic conversation between Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu.
  • The two leaders discussed continued cooperation regarding the evacuation of Russian nationals and family members from the region.

UN agency chief says Israel trying to force Gazans into Egypt

"The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza...
  • The widespread destruction in the Palestinian territory's north and the resulting displacements were "the first stage of such a scenario", he added
  • "If this path continues, leading to what many are already calling a second Nakba, Gaza will not be a land for Palestinians anymore," Lazzarini said.

Efforts ongoing to renew Israel-Hamas truce, says Qatar

DOHA, QATAR - Mediation efforts are continuing to secure a new Gaza ceasefire despite ongoing Israeli bombardment that is "narrowing the...
  • Qatar was a key mediator in negotiations that resulted in a seven-day truce, which saw scores of Israeli hostages exchanged for Palestinian civilians.
  • The United Nations Secretary-General had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza.

Israel says Gazans who landed in S. Africa unexpectedly had third-country approval

Israeli authorities said on Saturday that 153 Palestinians who turned up unexpectedly in South Africa, triggering questions from its president,...

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Israel says delayed Iran’s presumed nuclear programme by two years

Western powers have repeatedly expressed concerns about the rapid expansion of Iran's nuclear programme, questioning in particular the country's accelerated...

Israeli army chief warns of ‘prolonged campaign’ in Iran

"We have embarked on the most complex campaign in our history to remove a threat of such magnitude, against such...

IAEA warns of nuclear disaster if Israel attacks Iran’s Bushehr plant

Rafael Grossi, director of the International Atomic Energy Agency (IAEA), told the UN Security Council that he has not yet...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran appoints new Revolutionary Guards intelligence chief

Major General Mohammad Pakpour, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the...
  • Major General Mohammad Pakpour, the commander of the IRGC, appointed Brigadier General Majid Khadami as the new head of its intelligence division
  • He replaces Mohammed Kazemi, who was killed on Sunday alongside two other Revolutionary Guards officers -- Hassan Mohaghegh and Mohsen Bagheri -- in an Israeli strike

US military aircraft no longer visible at base in Qatar: satellite images

Dozens of US military aircraft are no longer on the tarmac at a major US base in Qatar, satellite images...
  • Nearly 40 military aircraft -- including transport planes like the Hercules C-130 and reconnaissance aircraft -- were parked on the tarmac at the Al Udeid base on June 5
  • The US embassy in Qatar announced Thursday that access to the base would be limited "out of an abundance of caution and in light of ongoing regional hostilities."

European, Iranian diplomats to meet as Trump mulls joining Israel campaign

Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to...
  • Israel, claiming Iran was on the verge of developing a nuclear weapon, launched air strikes against its arch-enemy a week ago, triggering deadly exchanges
  • Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to discuss Iran's nuclear programme