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

Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...
  • The firms discussed investment opportunities in the two countries, especially those envisaged in the Saudi Vision 2030 and Turkish economy.
  • The volume of trade between Saudi Arabia and Türkiye reached SAR22 billion ($5,864,813,240) in 2022, recording a growth rate of 32.6 percent.

We respect climate science, says COP28 head

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...
  • Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".
  • He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.

Saudi energy minister calls Western climate pledges ‘small change’

"Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...
  • The loss and damage fund for vulnerable nations, a major win at COP28, has attracted about $655m so far, a sum criticized as insufficient by campaigners.
  • The prince's remarks were the latest sign of sharp differences around tackling the climate crisis as negotiators from around the world attempt to hammer out an agreement in Dubai.

Rights organizations sue Netherlands over F-35 parts to Israel

The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including...
  • A rights group said the export "made the Netherlands complicit in violations of the laws of war and the collective punishment of Gazans
  • "By supplying weapons parts, the Netherlands runs the risk of becoming complicit in violations of international humanitarian law," said Dagmar Oudshoorn, director Amnesty

Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...
  • Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.
  • The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.

ENEC, Kazatomprom ink pact

The move will ensure a secure supply of nuclear fuel.
  • ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.
  • This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.

Israel launches offensive in southern Gaza amid mounting civilian deaths

Armored personnel carriers and bulldozers were also seen as Israel expanded its operations against Hamas in response to the Palestinian...
  • "Despite what has been assured, attacks in the south of Gaza are every bit as vicious as what the north endured," said UNICEF spokesman James Elder.
  • Israel's ally US intensifies calls for the protection of Gaza's civilians, with Vice President Kamala Harris saying that "too many innocent Palestinians have been killed".

UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...
  • ENEC and TerraPower will collaborate across various areas, including technical design and commercial viability of the TerraPower Natrium technology development
  • The MoU will look to jointly accelerate the commercialisation and global deployment of Natrium technology under licensing agreements with TerraPower

White House says Israel ‘making effort’ to protect Gaza civilians

According to Hamas, more than 15,500 people have been killed in Gaza since the beginning of the war, but Kirby...
  • John Kirby insisted that US intelligence was unaware of any secret, advance Hamas blueprint for its October 7 attack on Israel that triggered the conflict
  • The New York Times reported last week that Israeli authorities had obtained such a document a year before the attack occurred

Yemeni rebels attack British ship in Bab el-Mandeb Strait: report

Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...
  • The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb
  • Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said

Sharaa’s US visit: Syria joins alliance against Islamic State after White House talks

Sharaa, whose rebel forces ousted longtime ruler Bashar al-Assad late last year, was the first Syrian leader to visit the...

Company News

Latest News

China’s Xi in Kazakhstan to cement Central Asia ties

Astana, Kazakhstan - Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his...

Israel, Iran trade missile fire as Trump warns Tehran to ‘evacuate’

The United States and Iran had engaged in several rounds of indirect talks on Tehran's nuclear programme in recent weeks,...

G7 urges Iran de-escalation as Trump makes hasty summit exit as ally Israel pounds Iran

The G7 statement said that Israel "has a right to defend itself" and stressed "the importance of the protection of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

France shuts Israeli weapons industry booths at Paris Air Show

The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...
  • The booths displayed "offensive weapons" that could be used in Gaza -- in violation of agreements with Israeli authorities, a French government source told AFP.
  • The companies -- Israel Aerospace Industries (IAI), Rafael, Uvision, Elbit and Aeronautics -- make drones and guided bombs and missiles.

Netanyahu sees Gaza hostage release ‘opening’, orders talks

Israeli Prime Minister Benjamin Netanyahu said Sunday he ordered negotiators to "advance" talks on releasing hostages held in Gaza, after...
  • Speaking on US news channel Fox News, Netanyahu said that US Middle East envoy Steve Witkoff "made an offer to begin a 60-day ceasefire
  • Of the 251 hostages seized during Hamas's October 7, 2023 attack on Israel that sparked the war in Gaza, 52 are still held in Gaza, including 34 the Israeli military says are dead

Iran tells mediators it won’t negotiate ‘while under attack’: official

Mediators Qatar and Oman were told by Iran that Tehran "will not negotiate while under attack", an official briefed on...
  • Israel unleashed a punishing fresh barrage of strikes across Iran in a third day of exchanges Sunday
  • The latest conflict marked the first time the two sides have traded fire with such intensity