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 raises war crimes concerns over Israel-Hamas conflict

The United Nations said it was concerned that war crimes were being committed on both sides in the conflict between...
  • Israel has cut supplies of food, water and power to Gaza, notably blocking all deliveries of fuel saying it would be exploited by Hamas.
  • The UN official said a humanitarian catastrophe was unfolding for the people "locked inside Gaza who are being collectively punished.

UN finds Hamas’ list of death toll in Gaza shelling ‘credible’

"In the past, the five, six cycles of conflict in the Gaza Strip, these figures were considered as credible and...
  • The fatalities in Gaza are the highest since Israel withdrew from the Palestinian territory in 2005.
  • A UN official said 57 UNRWA staff had been killed since the conflict began, explaining how the agency's toll reflected the broader casualty rate in Gaza.

COP28 summit targets 68% cooling emissions cut by 2050

"Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017...
  • Cooling methods currently account for over seven percent of global greenhouse gas emissions, according to the United Nations
  • The UN has said there are already an estimated 3.6 billion cooling appliances being used globally, but that figure is expected to soar

Saudi Arabia selected as member of UN’s AI Advisory Body

New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory...
  • UN Advisory Body on Artificial Intelligence (AI) consists of 39 members representing government and private and civil-society organizations.
  • Shura Council member Dr. Latifa bint Mohammad Al-Abdulkareem will represent the Kingdom at the UN AI Advisory Body.

Palestine’s Abbas expected in Moscow for talks with Putin soon: Russian diplomat

Moscow, Russia - Palestinian leader Mahmoud Abbas will soon visit Moscow for talks with Russian President Vladimir Putin, a senior...
  • Kremlin Spokesman Dmitry Peskov refused to say exactly when Abbas would arrive
  • He surmised that the two leaders would primarily discuss the situation in the Middle East

Hamas says 50 hostages dead in Israeli strikes on Gaza

Jerusalem - Hamas's armed wing said on Thursday that "almost 50" Israeli hostages held in the Gaza Strip since the...
  • Earlier, the Israeli army said 224 people were abducted by militants during the attack that left 1,400 people, mostly civilians, dead.
  • "We have informed the families of 224 hostages. This number is changing based on the intelligence we obtain," military spokesman Daniel Hagari said

India shocked at Qatar death penalty for 8 ex-naval officers

NEW DELHI, INDIA  -  India said on Thursday that eight of its citizens had been sentenced to death by Qatar in...
  • India said it would "take up the verdict with Qatari authorities" and would continue to "extend all consular and legal assistance" to the prisoners.
  • “We have initial information that the Court of First Instance of Qatar has today passed a judgement in the case,” India’s foreign ministry said in a statement.

7,000 Palestinians killed in 20 days of Israeli bombardments: Ministry

Hamas released a list of around 7,000 names of people in Gaza it said had been killed in Israeli strikes....
  • Israel has cut off Gaza's supply corridors for water, food and other necessities, and fewer than 70 relief trucks have entered the territory since war began.
  • More than 90 percent of medicine stocks and supplies have been depleted, according to Mohammed Abu Selmeya, head of Gaza City's Shifa hospital.

FII7 concludes, WAVE launched on Day 3 to boost ocean regeneration

Riyadh, Saudi Arabia -- The seventh Future Investment Initiative Institute forum, which concluded in Riyadh on Thursday, saw the attendance...
  • WAVE will serve as a platform, connecting diverse stakeholders across geographies, industries, and sectors, to amplify their collective efforts.
  • It will launch a set of programs to raise awareness, establish a digital information hub, accelerate innovations, support scientific efforts.

Dubai among top 25 global cities for third consecutive year

Dubai, UAE -- Dubai has retained its leading position in the MENA region on Kearney's Global Cities Index, ranking 23rd...
  • Average GCI scores have remained steady following several years of decline, with cities in the Middle East and Africa improving markedly.
  • Riyadh, Muscat and Doha improving their overall rankings by nine, eight, and seven, respectively.

Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire

Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...

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Iran-US nuclear talks set for Rome this week: Oman mediator

Iran and the United States will hold the next round of talks on the Islamic republic's nuclear programme in Rome...

Gazans mourn at dawn after night of intense Israeli strikes

Gaza's civil defence agency said that more than 20 air strikes hit Khan Yunis and its surroundings overnight, with the...

Rubio sees more Arab states normalizing with Israel this year

US Secretary of State Marco Rubio suggested Wednesday that more Arab nations could forge ties with Israel this year, as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli ‘warning’ fire at diplomats sparks outcry amid Gaza pressure

EU foreign policy chief Kaja Kallas urged Israel to hold to account those responsible for the shooting near Jenin, a...
  • The Palestinian foreign ministry accused Israel of having "deliberately targeted by live fire an accredited diplomatic delegation".
  • The incident came as international pressure intensified over the war in Gaza, where Palestinians were desperate for supplies after a two-month aid blockade was eased.

Oil prices jump on report of Israel prepping Iran strike

Both main crude contracts jumped around one percent after CNN reported multiple US officials as saying the government had received...
  • There are fears that such a sharp escalation could tip the Middle East into a war, with tensions already high over Israel's strikes on Gaza.
  • While safe haven gold pushed higher, the news from CNN appeared to be having little detrimental effect on Asian equities, with most extending the previous day's rally.

Iran says talks with US unlikely to ‘lead to any outcome’

US Secretary of State Marco Rubio said that Iran could have civilian nuclear power while importing enriched uranium but that...
  • "We don't think it will lead to any outcome. We don't know what will happen," said Khamenei during a speech, adding that denying Iran's right to enrich uranium was "a big mistake".
  • Iran currently enriches uranium to 60 percent, far above the 3.67-percent limit set in the 2015 deal and close though still short of the 90 percent needed for a nuclear warhead