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

UAE president and UN chief discuss ‘collective action’ to address climate challenges

Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...
  • The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions
  • They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

Is 2030 the finish line for the Gulf Railway Project?

The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...
  • The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.
  • Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.

No science that oil phase-out will fix climate: COP28 chief

Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with...
  • Jaber has repeated that phasing out hydrocarbons is inevitable, but that it cannot happen before viable alternatives are in place -- and that developed nations must lead the way.
  • Specifying a "phase-out" or "phase-down" of fossil fuels is one of the main battles facing negotiators at COP28, where they will try to reach new a pact on fighting global warming.

ICC pledges to intensify war crime investigations in Israel and Gaza

ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...
  • ICC stresses the need for adherence to international humanitarian law despite conflict complexities.
  • Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

Pope deplores end to Gaza truce, urges new ceasefire

"There is so much suffering in Gaza," the pontiff said in comments from his private residence, which were read by...
  • In the comments, Francis said the end of the ceasefire meant "death, destruction, misery", stressing that the besieged Palestinian territory lacked even essential supplies.
  • He said the situation in Israel and the occupied Palestinian territories was "serious". "Many hostages have been freed but so many others are still in Gaza," he said.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

Freed Israeli hostages speak out for remaining captives’ release

The hostages, most of whom were freed during a seven-day truce between Israel and Hamas, spoke in a video broadcast...
  • The freed hostages urged the government to take all action necessary to secure the remaining captives' release
  • Israeli army spokesman Daniel Hagari said Saturday that 137 Israelis and foreign nationals remained captive in the Gaza Strip

World Bank offers to host Lost and Damage Fund: Official

Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...
  • Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."
  • "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."

Israel and Hamas trade strikes as Palestinian toll mounts

Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been...
  • According to the UN, an estimated 1.7m people in Gaza have been displaced by eight weeks of war
  • Fadel Naim, chief doctor at Al-Ahli Arab hospital in Gaza, said his morgue had received 30 bodies on Saturday

US defense chief urges Israel to shield civilians to win in Gaza

Austin told the Reagan National Defense Forum that he had "learned a thing or two about urban warfare" while fighting...
  • Fighting between Israel and Hamas resumed the day before after a week-long truce
  • Israel's war on Gaza began after Hamas carried out a shock cross-border attack on October 7

US mediator Kushner and Netanyahu hold talks on the second round of Gaza ceasefire

Kushner, the son-in-law of US President Donald Trump who helped broker the ceasefire, met Netanyahu in Jerusalem on Monday as...

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Day 4: Tehran residents flee Israeli attacks as casualties mount

Images verified by AFP, shot by a social media user from an overpass, showed near immobile traffic on a Tehran...

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...

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

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Trump due in Canada as G7 confronts Israel-Iran crisis, may consider joint stance

Trump has praised Israel's strikes, noting it used US weapons, even though Prime Minister Benjamin Netanyahu defied his public calls...
  • The three-day gathering in the mountain town of Kananaskis marks the return to the international diplomatic calendar of Trump
  • Canadian Prime Minister Mark Carney had designed an agenda aimed at minimizing disagreements within the club of wealthy industrial democracies

Israel pounds Iran from west to east in deepest strikes yet, Tehran police headquarters hit

Israel's military said its air force hit Mashhad airport in Iran's far east, making it the longest-range strike of the...
  • With no let-up in sight, Iran said it would begin opening mosques, metro stations and schools to serve as makeshift bomb shelters for civilians.
  • As Israel targeted sites across the Islamic republic, Iran launched a barrage of missiles aimed at Israel in the afternoon, setting off air raid sirens in Jerusalem and elsewhere.

Trump pocketed over $57 mn from crypto coin sales

New York, United States -- US President Donald Trump pocketed more than $57 million from token sales by the crypto...
  • Federal financial disclosure forms released by the White House list the US president's holdings including stocks, dividends, real estate and investment portfolios.
  • Once hostile to the crypto industry, Trump has since returning to power enthusiastically embraced the sector, taking significant steps to clear regulatory hurdles.