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

COP28 President Sultan Al Jaber warns ‘failure is not an option’

With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200...
  • What we are after is the common good. What we're after is what is in the best interest of everyone, everywhere," he said.
  • Jaber spoke ahead of a "majlis", a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.

UN Security Council ‘paralyzed’ over Gaza: UN chief

Antonio Guterres had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza. He...
  • Guterres said the council was "paralyzed by geostrategic divisions"
  • He said the body's authority and credibility were undermined by its delayed response to conflict

Syria strikes kill 6 civilians in rebel bastion: monitor

On Friday, it said 11 pro-government forces and five HTS fighters had been killed after the jihadists launched an attack...
  • Six civilians, "including two children and a woman", were killed in Idlib and Sarmin, while 25 others were wounded in the strikes in various areas of Idlib province
  • Government forces fired "more than 35 missiles" during the bombardment, said the Syrian Observatory for Human Rights, a Britain based war monitor

Protestors demand end of fossil fuels, Gaza war at COP28

The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian...
  • The 'Blue Zone' where the COP28 talks are taking place is currently under UN control.
  • At least 17,490 people, mostly women and children, have been killed in Israeli attacks

Yemen’s Houthi rebels threaten Israel-bound Red Sea ships

The latest warning comes amid heightened tensions in the Red Sea and surrounding waters following a series of maritime attacks...
  • Yemen's Houthis have recently attacked ships they claim have direct links to Israel, but their latest threat expands the scope of their targets
  • Israel's national security adviser said his country would not accept the "naval siege noting Benjamin Netanyahu had asked Joe Biden to address the situation

Egypt election offers more of the same despite crisis

In a country gripped by the most severe financial crisis in its recent history-- inflation has hovered near 40% after...
  • Voting will take place from Sunday until Tuesday, between 9:00 am and 09:00 pm each day
  • Some 67 million people are eligible to vote, and all eyes will be on turnout

Israelis demand release of hostages held by Hamas

Carrying placards with messages like "bring them home now", hundreds of Israelis took to streets in Tel Aviv on Saturday...
  • At least 105 hostages were set free by Hamas in exchange for the freedom of 240 Palestinian civilians
  • According to Israeli authorities, at least 137 hostages are believed to still be in Hamas captivity

Joint ministerial committee meets US secretary of state

Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...
  • A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.
  • The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.

Turkish President Erdogan slams UNSC over failed Gaza truce bid

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday denounced the UN Security Council after the United States vetoed a...
  • "Is this justice?" asked Erdogan, adding that "the world is bigger than five," a reference to the five veto-wielding nations in the UN Security Council.
  • "The United States stands by Israel with its money and military equipment. Hey, America! How much are you going to pay for that?" he added.

IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing

ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...
  • Participants from 15 countries and organizations took part in the meeting.
  • They agreed on strong collaboration among AML/CFT supervisory agencies.

Saudi prince, eyeing defense pledge, to meet Trump after long US absence

Saudi Arabia is unlikely to agree to normalization with Israel at this stage, with Prince Mohammed's priority set for firmer...

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US envoy says Hezbollah involvement in Iran-Israel war would be ‘very bad decision’

The US special envoy for Syria Tom Barrack warned Lebanese militant group Hezbollah on Thursday against getting involved in the...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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21 Palestinians waiting for aid among 72 killed by Israeli forces in Gaza

Civil defense spokesman Mahmud Bassal told AFP that six people were killed while waiting for aid in the southern Gaza...
  • In northern Gaza, Bassal said that nine separate Israeli strikes killed another 51 people, updating earlier tolls provided by his agency.
  • At least 300 Palestinians have been killed in recent weeks while trying to reach aid distribution points in Gaza, which is suffering from famine-like conditions.

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
  • Saudi-based Cluster2 Airports Company signed a strategic MoU with Airbus. The agreement will see the deployment of the Agnet Turnaround platform across Cluster2’s 22 airports.
  • Saudi National Bank (SNB) has issued $1.25 billion in Tier 2 bonds at a 6% profit rate under its $10 billion Euro Medium Term Note program.

Almost 3,000 Australians seek to flee Israel-Iran conflict

Australia has started evacuating almost 3,000 citizens caught up in the rapidly spiralling conflict between Israel and Iran, Foreign Minister...
  • rescue efforts had been hampered by missile barrages that made it "too risky" for civilian aircraft to land in either country, Wong said
  • Some 1,500 Australians had registered to be evacuated from Iran, while more than 1,200 were seeking to get out of Israel, she said