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

Europe to splurge record $295bn on military in 2023, says official

Moscow's all-out invasion of Ukraine in 2022 provided Europe with a wake-up call that it needed to pump more into...
  • The European Defense Agency (EDA) said six countries had increased their spending by over 10 percent in 2022.
  • "Our armed forces must be ready for a much more demanding era," said EU foreign policy chief Josep Borrell.

EU agree draft rules to protect journalists from abusive lawsuits

European Commission president Ursula von der Leyen said on X, formerly Twitter, that she welcomed the agreement to "protect those...
  • The Strategic Lawsuits Against Public Participation (SLAPPs) are aimed at intimidating critics with burdensome legal action
  • The new rules would allow a person targeted by a SLAPP lawsuit to request a rapid rejection by the courts

MoHRE asks over 12,000 private firms to meet Emiratization targets

DUBAI, UAE – The Ministry of Human Resources and Emiratization (MoHRE) has notified over 12,000 private companies with 20-49 workers...
  • Companies with 20-49 workers will be required to hire one UAE national in 2024 and another one in 2025.
  • This step is expected to create around 12,000 jobs annually for UAE nationals in 2024 and 2025 in various sectors.

Debt Settlement Fund waives default loans worth over US$107m in UAE

DUBAI, UAE - The Citizens Debts Settlement Fund announced the exemption of 1,244 citizens from their debts with a total...
  • The settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure.
  • Officials of banks, financial institutions and national companies expressed their pleasure and pride in taking part in this national initiative.

Henry Kissinger, singular US diplomat, dead at 100

Kissinger's family would hold a private funeral, with a memorial service to take place later in New York, where Kissinger...
  • Kissinger, arguably the most identifiable secretary of state in modern times, died at his home in Connecticut, announced Kissinger Associates
  • Kissinger was awarded the Nobel Peace Prize for negotiations to end the Vietnam War, even though the conflict did not immediately end

30 Palestinian civilians freed under truce deal: Israel

The overnight releases, which came after a sixth batch of hostages were freed from Gaza, bring the number of Palestinian...
  • During the night, 30 male and female security civilians were released from a number of prison facilities," the country's prison service said in a statement
  • Among those freed was Ahed Tamimi, a 22-year-old activist who has become a key figure for Palestinians defying the Israeli occupation

Israel’s security impossible without resolving Palestinian problem: Russia

United Nations - Israel’s security can be ensured only through a lasting solution to the Palestinian problem and Russia is...
  • Many questions arise about ways of reviving Gaza and about the future lasting solution to the Palestinian problem in general, Vasily Nebenzya said
  • The mechanism of external backing for conditions for a lasting, stable settlement on the basis of the two-state solution should be really representative, he added

UAE presents its maritime contributions at IMO meet in UK

DUBAI, UAE - Presenting its category B candidacy in the International Maritime Organization (IMO) Council at the organization’s focus group...
  • The UAE’s strategic location at the crossroads of global shipping routes has enabled it to become a central maritime hub in the world.
  • The country has strived to achieve continuous development in the maritime industry, which is a key pillar of its national economy.

Google to pay Canadian media $73m annually after a deal with Ottawa

Ottawa, Canada -- The Canadian government and Google have reached a deal to support the country's media, heading off an...
  • The amount is less than the government-estimated compensation, but heads off a potential online blackout for news in Canada, where Google and Meta are the dominating platforms.
  • The agreement will reportedly allow Google to negotiate with a single group representing all Canadian media, rather than one-on-one deals.

Gaza ceasefire possible if those with influence take it seriously: WHO

Geneva, Switzerland -- The WHO on Wednesday said that a ceasefire between Israel and Hamas was possible but those with influence...
  • Only 15 of Gaza's 36 hospitals are still functioning with any capacity but are "completely overwhelmed".
  • And of the 25 hospitals in the north, only three are still operating at the most basic level, lacking water, fuel and food, said WHO chief Tedros Adhanom Ghebreyesus

UAE ‘probably’ won’t join Gaza stabilization force: senior official

Abu Dhabi, UAE -- The United Arab Emirates is not planning to join the international stabilisation force for Gaza because...

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MENA brief Jun 15: Erdogan warns of ‘devastating war’, Gaza internet restored

Iran announced it will scale back cooperation with the International Atomic Energy Agency (IAEA), expressing deep dissatisfaction over what it...

8 killed in overnight strikes on Israel, Iran’s defense headquarters hit

In the central region, at least four people, including a 10-year-old boy, were killed and around 100 others wounded in...

UK moving assets, jets, to Middle East amid Iran crisis, says Starmer

Britain is deploying assets, including fighter jets, to the Middle East amid tensions between Iran and Israel, UK Prime Minister...
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INSEAD Day 4- 300x600

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Israel warns ‘Tehran will burn’ after wave of Iranian missile fire hit Tel Aviv

Following decades of enmity and conflict by proxy, it is the first time that Israel and Iran have traded fire...
  • "We have created aerial freedom of action from west Iran all the way to Tehran... Tehran is no longer immune," said spokesman Brigadier General Effie Defrin
  • Iran has hit back with waves of drone and missile strikes, with a barrage of dozens lighting up the skies over Jerusalem and Tel Aviv overnight

MENA Brief June 14: Iran-Israel War, Abu Dhabi Summit, Saudi Football Rise, & More

Tensions spiked as Iran fired ballistic missiles at Israel in retaliation for Israeli air raids that killed senior Iranian military...
  • Tensions spiked as Iran fired ballistic missiles at Israel in retaliation for Israeli air raids that killed senior Iranian military leaders and hit nuclear sites
  • French President Emmanuel Macron confirmed that the planned UN conference on a two-state solution in New York has been delayed due to security and logistical concerns

UN conference on Palestinian statehood delayed: Macron

Paris, France - French President Emmanuel Macron said on Friday that next week's UN conference on a two-state solution for...
  • Macron made the announcement after Israel pounded Iran in a series of air raids, striking 100 targets including nuclear and military sites
  • Macron said in early June that he expected the conference in New York would take steps "towards recognising Palestine", without being more specific