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

Drought caused major global hydropower drop in early 2023

BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023,...
  • Wind and solar generation grew more slowly in the first half of this year than in the same period last year.
  • The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.

Aramco’s Luberef resumes bitumen exports after 20 years

RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk...
  • King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa making it the first cargo of oil byproduct from Yanbu-based hub.
  • This reflects Mawani’s step to position the ports sector as a vehicle to fulfil Vision 2030’s ambition of transforming the Kingdom into a logistics hub.

Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin...
  • The Kingdom plans on carrying 330 million passengers annually and raising freight capacity to 4.5 million tons by 2030.
  • Saudi Arabia and the Dominican Republic also signed agreements on air transport services between the two countries.

Jailed Iranian activist Narges Mohammadi wins Nobel Peace Prize

Mohammadi's award comes after a wave of protests that swept Iran after the death in custody a year ago of...
  • She is the vice-president of the Defenders of Human Rights Centre founded by Iranian human rights lawyer Shirin Ebadi, herself a Nobel Peace Prize laureate in 2003.
  • Mohammadi was honored "for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all".

EU foreign policy chief to visit China next week

China while also maintaining ties with the world's second-largest economy. European Commission President Ursula von der Leyen has defined the...
  • Borrell first pushed back the trip in April after testing positive for coronavirus and was then expected to go in July before China abruptly called off the visit
  • He will meet Chinese Foreign Minister Wang Yi "to discuss bilateral relations as well as foreign policy and security issues", the EU official added

Israeli forces kill 3 Palestinian fighters in West Bank

The Palestinian health ministry named the two men killed as Abdul Rahman Atta, 23, and Huthaifa Faris, 27, saying they...
  • Israel's military said the deadly gunfight in the Tulkarem area had erupted after soldiers identified a "suspicious vehicle" near Shufa village
  • Palestinian Red Crescent Society said Israeli forces "prevented our crews from treating them and took them away" from the scene at a Shufa checkpoint

US shoots down Turkish drone over Syria

US troops observed drones carrying out strikes early Thursday, some of them inside a "restricted operating zone" (ROZ) near Hasakeh,...
  • The shootdown came as Turkey targeted Kurdish forces in Syria following a suicide bombing in Ankara that was claimed by the Kurdistan Workers' Party
  • Defense Secretary Lloyd Austin spoke with his Turkish counterpart Yasar Guler on Thursday, urging "de-escalation in northern Syria

UN’s Syria envoy deplores ‘horrific’ bloodshed

"I am gravely concerned by the escalating violence in Syria today," Geir Pedersen, the UN Special Envoy for Syria, said...
  • An attack on a Syrian military academy in Homs killed more than 100 people, a war monitor said, with state media blaming "terrorist organization"
  • Separately, Turkish air raids in the Kurdish-held northeast killed at least nine people after Ankara had threatened raids in retaliation for a bomb attack

UAE President receives Speaker of Iranian Parliament

Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of...
  • During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed his greetings to Iranian president Dr Ebrahim Raisi
  • The two sides discussed relations between the two countries and ways to enhance ties, especially at the parliamentary level

West responsible for Ukraine war, Russia wants ‘New World’ says Putin

Moscow, Russia - President Vladimir Putin said Thursday that Russia's mission was to create a "new world" and blamed Western hegemony...
  • Putin has portrayed Russia's full-scale military intervention in Ukraine -- launched in February 2022 -- as part of a long-standing confrontation with the West
  • Putin said the conflict in Ukraine was "not a territorial" one and that Moscow has "no interests from the point of view of conquering some territories"

Saudi Crown Prince to meet Trump in Washington next month

Riyadh, Saudi Arabia -- Saudi Arabia's Crown Prince Mohammed bin Salman will meet US President Donald Trump during a three-day...

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Indian PM vows to stop waters key to rival Pakistan

New Delhi, India - Prime Minister Narendra Modi said Tuesday that water from India that once flowed across borders will...

Hamas says Gaza truce talks pointless as Israel wages ‘hunger war’

Hamas on Tuesday dismissed as pointless ceasefire talks with Israel, accusing it of waging a "hunger war" on Gaza, where...

Syria state TV relaunches, months after Assad’s ouster

Damascus, Syria - Syrian state television officially relaunched on Monday with a trial broadcast almost five months after the ouster...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump eyes Erdogan’s help to end Ukraine war

NATO member Turkey has sought to maintain good relations with both of its Black Sea neighbors since the Russian invasion...
  • Trump said on his Truth Social network that Erdogan had also invited him to visit Turkey and that the Turkish leader would be meeting him in Washington
  • "I look forward to working with President Erdogan on getting the ridiculous, but deadly, War between Russia and Ukraine ended -- NOW!" Trump posted

Iran says Israel’s Netanyahu dragging US into ‘disaster’ in region

Tehran, Iran - Iran's Foreign Minister Abbas Araghchi on Monday accused Israeli Prime Minister Benjamin Netanyahu of attempting to drag...
  • Araghchi also accused Netanyahu of "attempting to brazenly DICTATE what President Trump can and cannot do in his diplomacy with Iran."
  • Iran's top diplomat cited US support for Israel in its war in Gaza against Palestinian group Hamas since the unprecedented October 2023 attack by the militants

Pakistan conducts second missile test, India readies civil defence drills

Islamabad, Pakistan - Pakistan conducted a second missile test and India ordered civil defence drills in an escalating stand-off over...
  • New Delhi blames Islamabad for backing an attack on tourists last month - the deadliest against civilians on the Indian-administered side of the Himalayan territory for years
  • Pakistan rejects the accusations, and the two sides have exchanged nightly gunfire since April 24 along the de facto border in Kashmir, the militarised Line of Control