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

Saudi Arabia unveils roadmap to achieve 10-billion tree target

Riyadh, Saudi Arabia -- Saudi Arabia has unveiled an ambitious roadmap to achieve its monumental goal of planting 10 billion...
  • The roadmap outlines a plan for Saudi Arabia's various habitat zones to achieve maximum vegetation coverage.
  • By 2030, the initiative aims to plant over 600 million trees, rehabilitating approximately 3.8 million hectares of land.

Saudi Arabia launches mechanism to advance global climate goals

RIYADH, SAUDI ARABIA - The Clean Development Mechanism Designated National Authority (CDMDNA) announced on Monday the operation of Saudi Arabia's...
  • Greenhouse Gas Crediting and Offsetting Mechanism will be accessible to all entities within the Kingdom.
  • This step reflects the Kingdom’s role in addressing climate challenges and enabling institutions to tackle their emissions.

American economist Claudia Goldin awarded economics Nobel

The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod...
  • Goldin said the prize was "important", but there are "still large" gender inequalities on the labor market.
  • Goldin has "trawled the archives and collected over 200 years of data from the US," the jury said.

OPEC sees no peak in global oil demand on the horizon

In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million...
  • According to OPEC, whose 13 member states include Saudi Arabia, the Gulf states and Venezuela, oil demand will be driven by emerging and developing nations.
  • OPEC also backed developing technological solutions to reduce emissions, such as carbon capture and storage.

Death toll soars above 1,100 in Israel’s war with Hamas

Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war"...
  • At least 413 people have been killed in Gaza in Israeli air strikes on nearly 800 targets in the blockaded and impoverished enclave of 2.3 million people
  • According to the Israel Defense Forces, more than 700 Israelis have been killed since Hamas launched its large-scale attack, the country's worst ever losses

Biden orders ‘additional support’ for Israel: White House

Washington, United States -- US President Joe Biden has ordered "additional support" for Israel after the attack by Palestinian militant group...
  • The announcement came after a senior administration official had said on Saturday that high-level discussions between US and Israeli officials on military aid were already underway
  • Biden and Vice President Kamala Harris were briefed by national security officials on the situation in Israel early Sunday and will continue to receive updates.

Gaza is an impoverished area under Israeli blockade, hit by war

PARIS, FRANCE - The Gaza Strip is an impoverished Palestinian enclave that has been under Israeli blockade since 2007. It is...
  • One of the most densely populated places in the world, Gaza is home to over two million people living on a 362-square-kilometer area.
  • Israel occupied Gaza during the 1967 Six-Day War and it was only fully returned to Palestinians in 2005.

Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...
  • The signing took place during the Middle East and North Africa Climate Week 2023 in Riyadh, Saudi Arabia.
  • The MoU was signed by Saudi Arabia’s Minister of Energy and India’s Minister of Power and New and Renewable Energy.

Two Israeli tourists, one Egyptian killed in Alexandria shooting

The policeman fired "at random" at an Israeli tour group visiting Alexandria using "his personal weapon", the state-affiliated private television...
  • Egypt was the first Arab country to forge a peace deal with Israel in 1979 and has long served as a key intermediary between Israel and the Palestinians.
  • On Saturday, Egypt's President Abdel Fattah al-Sisi warned of a "vicious cycle of tensions threatening regional stability and security".

Major airlines cancel dozens of flights to Tel Aviv

Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...
  • At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights
  • But airport authorities did not stop commercial air links with Eilat, Israel's second international airport

ICJ says Israel obliged to allow aid into Gaza as Turkey, Qatar move to protect truce

The ICJ ruling came as aid groups scrambled to scale up much-needed humanitarian assistance into Gaza, seizing upon a fragile...

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Israel threatens to do to Iran what it has done to Hamas

Israel will do to Iran what it has done to Hamas in Gaza, Defence Minister Israel Katz warned Thursday, days...

UN experts warn of ‘annihilation’ in Gaza

More than 20 independent United Nations experts said the world faced a "stark decision" to "remain passive and witness the...

Pakistan warns will ‘avenge’ deaths from Indian strikes

India's army said it destroyed nine "terrorist camps" in Pakistan in the early hours of Wednesday, two weeks after New...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Syrian leader meets Emmanuel Macron in first European visit

Syrian President Ahmed al-Sharaa on Wednesday met French leader Emmanuel Macron on his first visit to Europe since overthrowing longtime...
  • In Paris with Macron, Sharaa will discuss post-war reconstruction and economic cooperation, a Syrian government official said
  • France, a former colonial-era ruler of Syria, is eyeing an opportunity to increase its influence in the country after years of Russian presence

Israel’s plan for Gaza draws international criticism

Israel drew international condemnation over its plans for an expanded Gaza offensive, as the country's far-right finance minister called Tuesday...
  • European Union top diplomat Kaja Kallas on Tuesday told her Israeli counterpart in a call that the situation was "untenable."
  • Nearly all of the Palestinian territory's 2.4 million people have been displaced at least once during the war, sparked by Hamas's October 7, 2023 attack

India and Pakistan: a history of armed conflict over Kashmir

New Delhi, India - India and Pakistan exchanged heavy artillery along their contested frontier in Kashmir on Wednesday in a...
  • India and Pakistan have fought multiple wars over Kashmir since Partition in 1947
  • Ceasefire violations, insurgency, and major clashes like Kargil have marked decades of conflict.