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

More than 100 Palestinians killed by Israelis in West Bank

In the latest violence, four Palestinians were killed in Jenin and one in Qalqilya, both in the northern West Bank....
  • Violence had already spiraled in the West Bank before the Gaza war, with the highest death toll in the Palestinian territory since at least 2005.
  • Many of the Palestinian deaths came in raids by Israeli troops but there has also been a rise in clashes between Palestinians and Israeli settlers.

Gaza has experienced 16 years of de-development: UNCTAD

"The economic consequences of the current and ongoing humanitarian crisis in Gaza are impossible to determine," Richard Kozul-Wright, the director...
  • UNCTAD said that unemployment was at 45 percent in the Gaza Strip and 13 percent in the West Bank, with women and young people affected the most.
  • In Gaza, real GDP per capita was 11.7 percent below the 2019 level and close to its lowest level since 1994, the UNCTAD report said.

Geopolitical conflicts pose biggest risk to global economy: Ajay Banga

The World Bank President expressed deep concern over the widening wealth gap, while calling for more action on gender equality...
  • Countries around the world need to do more in terms of gender equality and women's rights, he said.
  • Saudi Arabia has done very well when it comes to creating jobs for women and working toward women's rights.

With Mideast crisis, Russia and China hope to turn tables on US

The Chinese and Russian reprimands ring hollow for US officials, who doubt the rival powers will engage in painstaking diplomacy...
  • In comments likely aimed at consumption in the Islamic world, Russia has accused the United States of escalating the conflict through military reinforcements
  • China and the United States have both sought diplomatic advantage in the crisis, including through a call between Blinken and Chinese Foreign Minister Wang Yi

Iran and Saudi ties effective in solving regional issues: Raisi

Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional...
  • He made the comments during a meeting with Abdullah bin Saud Al-Anzi, the newly appointed Saudi ambassador to Iran
  • The new ambassador said the relations between Saudi Arabia and Iran are very strong because of commonalities between them

Stocks surge on China spending plan as oil prices retreat

Traders tracked a rally on Wall Street that was helped by a strong set of earnings from big-name firms including...
  • Hong Kong was the stand-out performer Wednesday, jumping more than two percent
  • Traders were aware that the crisis in the Middle East could spiral out of control at any minute

Israel bombs Syria’s ‘military infrastructure’ in air raids

According to the Israeli Defense Forces (IDF), its jets hit military infrastructure and mortar launchers of the Syrian Army in...
  • According to Syrian state media, Israeli strikes on Sunday put Syria's two main airports out of service
  • Earlier in the month, Israeli strikes targeted Aleppo airport, wounding five people, a war monitor reported

Israeli-Palestine war: US president calls Saudi Crown Prince

Riyadh, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud and US President Joe Biden discussed...
  • Prince Mohammed underlined the necessity of immediate work to explore means of halting the military operations
  • He highlighted rejection of the targeting of civilians in any form as well as the targeting of infrastructure and vital facilities

Diversification remains crucial for oil-rich nations

Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in...
  • Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview
  • She highlights the need for a global sustainability approach, emphasizing localized transitions, inclusivity, and the urgency of shifting to sustainable development

UN chief denounces Israel, calls Gaza shelling as violation of law

United Nations, - UN Secretary-General Antonio Guterres on Tuesday alleged violations of international law as Israel pounds Gaza, and urged...
  • Guterres, who personally traveled to the crossing between Egypt and Gaza in a push to let in assistance, welcomed the crossing of three aid convoys
  • "But it is a drop of aid in an ocean of need. In addition, our UN fuel supplies in Gaza will run out in a matter of days. That would be another disaster," Guterres said

China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war

Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...

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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...

EU to lift all economic sanctions on Syria to help the war-torn country

EU countries agreed Tuesday to lift all their remaining economic sanctions on Syria in a bid to help the war-torn...

US asking countries for ‘voluntary’ Palestinian relocation: Rubio

Israel has again warned the population of Gaza -- nearly entirely displaced since the war broke out over the October...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel will ‘take control of all’ of Gaza, says Netanyahu as WHO warns of famine risk

After more than two months of a total blockade, the World Health Organization issued a stark warning on the humanitarian...
  • In southern Gaza, the Israeli military issued an evacuation call to Palestinians in and around Khan Yunis city ahead of what it described as an "unprecedented attack".
  • Two million people are "starving" in the Gaza Strip, with the deliberate blocking of aid driving up the risk of famine, the World Health Organization chief warned.

Joe Biden diagnosed with aggressive prostate cancer

Former US president Joe Biden has been diagnosed with an "aggressive" form of prostate cancer that has spread to his...
  • US President Donald Trump, who has long derided political rival Biden over his cognitive abilities, said he was "saddened" by the news
  • Prostate cancer is the most common form of cancer in men, with the American Cancer Society reporting one in eight men in the US are diagnosed with it

Trump to hold call with Putin in push for Ukraine truce

Trump also said he would speak to Ukrainian President Volodymyr Zelensky and NATO officials, expressing hope that a "ceasefire will...
  • Trump had vowed during the US election campaign to halt the conflict within a day of taking office, but his diplomatic efforts have so far yielded little progress
  • Delegations from Russia and Ukraine held direct negotiations in Istanbul last week for the first time in almost three years, but the talks ended without a commitment to a ceasefire