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

For a diaspora soccer club in Chile, ‘Palestine exists’

Santiago, Chile - Thousands of miles from the Middle East, in a stadium in Santiago, Chile, the nation of Palestine exists,...
  • A banner reading "In memory of those who are no longer with us" was displayed in the stands, where a section of seats was left empty to represent the dead
  • Chile is home to the largest Palestinian community outside the Arab world, with the first immigrants arriving from Bethlehem, Beit Jala and Beit Sahour

Saudi minister says 6,225 industrial firms from Kingdom invest US$30bn in Egypt

RIYADH, SAUDI ARABIA - A total of 6,225 Saudi industrial businesses are operating in Egypt with US$30 billion worth of...
  • At least 518 Egyptian companies are operating in the Saudi market, the minister said.
  • He said that over 285 Egyptian brands are spread out across the Kingdom.

Gaza focus as French foreign minister meets China’s PM, FM

Beijing has this year sought to play a greater role in the Middle East, facilitating a historic rapprochement between Saudi...
  • Colonna's talks in Beijing come the same day that a truce between Israel and Hamas took effect, with the group set to release a first group of 13 hostages
  • "China is an actor with growing weight in the region" due to its "strong relationship" with Iran, a French diplomatic source said this week

39 Palestinians freed in exchange for 13 Israeli hostages as truce sets in

Weeks of talks involving Israel, Hamas, Qatar, Egypt and the US saw three girls and a boy, aged from two...
  • Israel is set to release three times as many Palestinian prisoners from Israeli jails -- women and teenage boys.
  • A dozen Thai hostages kidnapped during Hamas's October 7 raids into Israel were also released on Friday, Thailand's Prime Minister Srettha Thavisin announced.

Qatar posts trade balance surplus of US$16.7bn in Q3 2023

DOHA, QATAR - The merchandise trade balance of Qatar (difference between total exports and imports) recorded a surplus of US$6.7...
  • In Q3 2023, Asia was the principal destination of Qatar’s exports and imports, representing 74.9 percent and 36.3 percent respectively.
  • In Q3 2023, the European Union, accounting for 10.4 percent and 27.5 percent of Qatar's exports and imports respectively.

8 pacts on trade, investment inked in Saudi-Algerian Business Forum

RIYADH, SAUDI ARABIA - The Saudi-Algerian Business Forum concluded its activities with the two countries signing eight agreements aiming at...
  • The agreements cover trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts.
  • The pacts were signed by the Federation of Saudi Chambers, the Council for Algerian Economic Renewal and several Saudi and Algerian firms.

Afghan embassy in India announces ‘permanent closure’

Most foreign nations -- including India -- do not officially recognize Afghanistan's Taliban government but acknowledge them as the de...
  • New Delhi evacuated its entire mission from Kabul as Taliban closed in on Afghan capital in August 2021, but last year sent back a small team to reopen its sprawling embassy
  • Most foreign nations similarly withdrew diplomatic staff at the time and have not returned, although a handful of embassies including Pakistan, China and Russia never closed

Germany says raided homes of Hamas supporters

Germany on November 2 banned Hamas and Samidoun. According to official figures, Germany hosts an estimated 450 members of Hamas,...
  • Around 500 members of the security forces led the operation, with 13 places searched in the capital Berlin, the interior ministry said
  • Four other regions were targeted to a lesser extent as police seized smartphones, laptops and various writings, the ministry added

Israel-Hamas truce begins, hostages to be released

An Egyptian security source told AFP that Israeli security officials, International Red Cross-Red Crescent staff and an Egyptian team would...
  • The deal, facilitated by Qatar, Egypt and the United States, is to take effect in stages that can be extended and broadened.
  • The agreement follows weeks of war in the Gaza Strip after Hamas members attacked Israel on October 7.

Lebanon’s Hizbollah intensifies attacks on Israel

Hizbollah says it has been acting in support of Hamas since the Palestinian Islamist movement's October 7 attacks on Israel,...
  • Hizbollah said it carried out more than 20 attacks on Israeli military positions and claimed to have caused casualties
  • The violence between Israel and Hizbollah has claimed at least 109 lives in Lebanon, most of them Hizbollah fighters

Chinese ship scouts deep-ocean floor in South Pacific

Beijing, China -- A Chinese research vessel docked in the Cook Islands Saturday as it probed the Pacific nation's deep-sea...

Company News

Latest News

UN to vote on calling for unconditional Gaza ceasefire

Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...

The most eye-catching products at Vivatech fair

For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...

Israel urges Egypt to block Gaza-bound activist convoys

Israel's defence minister on Wednesday called on Egypt to block two pro-Palestinian activist convoys planning to head to Egypt's Rafah...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Iran says to target US bases if conflict breaks out

"All its bases are within our reach, we have access to them, and without hesitation we will target all of...
  • Tehran and Washington have held five rounds of talks since April to thrash out a new nuclear deal to replace the 2015 accord
  • Since returning to office in January, Trump has revived his "maximum pressure" campaign on Tehran, backing nuclear diplomacy but warning of military action

Nvidia marks Paris tech fair with Europe AI push

Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...
  • Nvidia boss Jensen Huang also lso announced a multi-billion-dollar partnership with French AI champion Mistral AI.
  • The US firm's tie-up with Mistral will see the companies build a cloud computing platform powered by 18,000 of Nvidia's "Blackwell" high-end chips worth billions.

Tehran readies counter-proposal as Iran-US nuclear talks set to resume Sunday in Muscat

Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing...
  • It came as European powers and the United States submitted a censure motion to the UN's nuclear watchdog in an effort to ramp up pressure on Iran
  • Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing to offer sanctions relief