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

UN calls for overhaul of financial system to help poorest countries

The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle...
  • The 46 so-called least developed countries, or LDCs, suffered a sharp economic slowdown in the first years of the COVID-19 pandemic.
  • As a consequence of the economic slowdown, an additional 15 million people have been pushed into extreme poverty, the UN body said.

Netanyahu says Israel will have ‘security responsibility’ of Gaza

In the relentless bombardment and ground attacks, 10,328 Palestinians have been killed in the besieged enclave, 300 since Monday alone....
  • The US acknowledged there had been "thousands" of civilian casualties in Gaza, after President Joe Biden previously called into question the validity of numbers published by Hamas.
  • Hundreds of Palestinian foreign passport holders waited on Tuesday inside Gaza Strip to escape through the Rafah crossing with Egypt.

Gaza refugee camps: born during first Arab-Israeli war

Over 760,000 Palestinians fled or were driven from their homes in what is referred to by Palestinians as the "Nakba"...
  • More than two-thirds of the 2.4 million people living in Gaza are registered refugees. Israel has persistently rejected their "right of return", which the UN backed in 1948.
  • Gaza's camps are among the most densely populated places on the planet, with over 620,000 people packed into less than 6.5 square kilometers of land.

UAE to set up 150-bed field hospital in Gaza: official media

The United Arab Emirates, a wealthy Gulf monarchy, broke with Arab tradition to establish ties with Israel in the 2020...
  • Five aircraft flew out of Abu Dhabi for Arish in northern Egypt carrying equipment and supplies for the 150-bed facility, says report
  • The hospital's facilities will include anesthetics and surgery, gynecology and intensive care units "catering to both children and adults"

Israel to take ‘security responsibility’ of Gaza: Netanyahu

The Israeli military has relentlessly attacked Gaza by air, land and sea since October 7, when Hamas militants launched a...
  • Netanyahu disputed the health ministry's figures, which he said likely included Palestinian combatants
  • Despite growing calls for a ceasefire from the UN head and other world leaders, Netanyahu rejected the call

Economic strain looms over Lebanon, Jordan, Egypt and GCC; Gaza escalation to affect Israeli economy too

A latest report by IIF highlights three possible outcomes from Gaza operations, each with profound implications for MENA economies and...
  • A latest report by IIF highlights three possible outcomes from Gaza operations, each with profound implications for MENA economies and political stability.
  • Saudi Arabia may seek additional concessions for Palestine in future reconciliation talks, potentially slowing or reversing any progress, says the report.

Jordan keeps options open in response to Gaza conflict

Amman, Jordan - Jordan has stated that it is considering "all options" in response to what it perceives as Israel's...
  • The kingdom refrained from specifying the measures Jordan might take, but the statement comes after the country recalled its ambassador from Israel
  • In a significant move, Jordan also declared Israel's ambassador persona non grata, effectively preventing his return to Amman

UAE issue guidelines on unlicensed virtual asset service providers

Abu Dhabi, UAE - The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC)...
  • The guidance aims to educate licensed financial institutions (LFIs) and public sector on the risks associated with unlicensed virtual asset service providers.
  • It aligns with Financial Action Task Force (FATF) publication on updated guidance for a risk-based approach to virtual assets and virtual asset service providers.

Anti-west boycott waves sweep across Middle East in Gaza solidarity

Manama, Bahrain - In a convenience store in Bahrain, 14-year-old Jana Abdullah carries a tablet as she shops, checking a list...
  • Led by tech-savvy youth, the boycott campaign includes browser extensions, dedicated websites and smartphone apps that identify proscribed products.
  • The boycott has been accompanied by calls for Arab states to cut ties with Israel, while pro-Palestinian rallies have taken place weekly in major capitals.

Turkmenistan plants over 470,000 trees in a single day

Turkmenistan is one of the most closed societies in the world, where dissent is outlawed and the Berdymukhamedov family have...
  • The United Nations Food and Agriculture Organization (FAO) says water stress in Turkmenistan is "extremely high".
  • Three-quarters of the country are covered by the black sands of the Karakum Desert and annual precipitation is below 100 mm in places.

Trump stirs global tensions with surprise nuclear test order

The announcement came in the wake of Russia saying it had tested a nuclear-powered and nuclear-capable torpedo, as well as...

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Saudi top diplomat says ‘at vanguard’ of efforts to rebuild Syria after 14 years of civil war

On a visit to Riyadh earlier this month, US President Donald Trump said he would lift US sanctions on Syria,...

Macron says abandoning Gaza ‘will kill’ West’s credibility

French President Emmanuel Macron said on Friday that abandoning war-torn Gaza to its fate and giving Israel a "free pass"...

UN declares Gaza the hungriest place on earth, says entire population risks famine

Negotiations to end nearly 20 months of war have so far failed to achieve a breakthrough, with Israel resuming operations...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

No permit, no hajj: Saudi intensifies crackdown after heat deaths

Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a...
  • Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds in and around Makkah.
  • The simple message, "No hajj without a permit", is being blared out in a relentless campaign promoted nationwide at shopping centers, on billboards and across media platforms.

UAE orders all companies to monitor emissions in new climate law

Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...
  • "By institutionalizing emissions monitoring and climate adaptation, the UAE is setting a compelling example for countries across the region," she said.
  • Public and private companies now have to regularly monitor emissions and take steps to reduce them, or risk fines of up to two million dirhams ($545,000).

Turkey says Ukraine, Russia want ceasefire ahead of possible talks

NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid...
  • NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid US President Donald Trump's push for a deal
  • At negotiations in Istanbul on May 16, Ukraine said Russia threatened to accelerate its ground offensive into new regions and made a host of hardline demands