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

Russian FM accuses West of direct fighting in Ukraine

US President Joe Biden has repeatedly said he is seeking to avoid a direct confrontation with Russia, a fellow nuclear...
  • Westerners are "de facto fighting against us, using the hands and bodies of Ukrainians," Lavrov said
  • In UN General Assembly all eyes were on Ukrainian President, who came to appeal for greater support

Egypt, Sudan and Ethiopia restart Nile dam talks

The massive $4.2-billion dam built by Ethiopia has stoked tensions with Egypt and Sudan as they fear the dam will...
  • The three countries, according to Ethiopia's foreign ministry, started a second round of negotiations in Addis Ababa
  • Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed agreed in July to finalise a deal within four months

Eastern authorities want Libya aid conference in flood-hit Derna

Benghazi, Libya - Libya's flood-devastated port city of Derna will host an international conference next month to aid reconstruction efforts, authorities...
  • Despite a wave of nationwide solidarity since the flood, there was no immediate show of support for the proposed conference from the Tripoli-based government
  • And even the office of strongman Khalifa Haftar, the main military backer of the eastern administration, questioned how many donor governments would attend

Israel congratulates Saudi Arabia on national day

JERUSALEM - Israel offered its congratulations to Saudi Arabia on the kingdom's national day on Saturday as the two countries...
  • "We send our sincere congratulations to the king, government and people of Saudi Arabia on the occasion of the 93rd national day," the Israeli foreign ministry said.
  • "May Allah bring you goodness and blessings, security and prosperity with our wishes for an atmosphere of peace, cooperation and good neighborliness," it added in the statement.

Several UAE entities sign pact to implement ‘Sharjah Sat-2’

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...
  • Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UOS), witnessed the signing.
  • The outcome of this project will help diverse parties in making decisions, developing future plans, and conducting scientific research.

Israeli, Lebanese clash with tear gas on Golan border

JERUSALEM - Israeli and Lebanese troops exchanged tear gas fire on Saturday on a disputed and highly militarised section of...
  • The Israeli army said its troops used "riot dispersal means" to turn around a Lebanese earthmover that had strayed into Israeli-held territory.
  • The Lebanese army said it was the Israeli "enemy" which had violated the demarcation line and fired smoke bombs at its troops escorting the bulldozer.

Lebanon forces rescue 27 Syrian migrants in sinking boat

The navy, with support from the civil defense, "was able to rescue 27 illegal migrants aboard a rubber boat that...
  • Also on Saturday, security forces said they arrested a Lebanese people smuggler and 42 Syrians as he was in a vehicle "filled with a large number of Syrians".
  • Migrants seeking to reach Europe from Lebanon generally head for the east Mediterranean island of Cyprus 175 kilometers (110 miles) away.

Ethiopia resumes Nile dam talks with Egypt and Sudan

Nairobi, Kenya - Ethiopia said Saturday that it has begun a second round of negotiations with Egypt and Sudan over a...
  • Ethiopia this month announced the completion of the fourth and final filling of the Grand Renaissance Dam.
  • Egypt and Sudan fear the massive $4.2-billion dam will severely reduce the share of Nile water they receive.

Pope says migrants not invaders, urges ‘wise foresight’ on issue

Migration is "a reality of our times, a process that involves three continents around the Mediterranean and that must be...
  • The pope's forceful interventions came as the migration debate has been stoked by mass arrivals on the Italian island of Lampedusa earlier this month.
  • A French presidential official said that Macron and the pope had discussed migration in bilateral talks earlier.

Chinese President Xi Jinping declares biggest-ever Asian Games open

Chinese President Xi Jinping opened the 19th Asian Games in a colourful ceremony in Hangzhou, launching a two-week sporting extravaganza...
  • In front of Syrian President Bashar al-Assad and other visiting leaders, Xi officially opened the Games at the 80,000-capacity Hangzhou Olympic stadium.
  • The theme of the ceremony was water and it also celebrated Hangzhou's ancient history and landscape.

China’s power paradox: record renewables, continued coal

Bangkok, Thailand -- Call it the China power paradox: while Beijing leads the world in renewable energy expansion, its coal...

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Qatar Prime Minister sees some progress on Gaza truce

"We need to find an answer for the ultimate question: how to end this war. That's, that's basically, I think,...

Saudi Arabia and Qatar to settle Syria’s World Bank debt

Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...

Massive explosion at Iran’s Shahid Rajaee Port kills 18, injures 800

Although the cause of the blast was not immediately clear, the port's customs office said in a statement carried by...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Palestinian president Abbas appoints Fatah veteran Hussein al Sheikh as potential successor

Abbas's close aide, 69-year-old Hussein was appointed as the first ever vice president of the Palestine Liberation Organization after the...
  • The PLO is empowered to negotiate and sign international treaties on behalf of the Palestinian people, while the PA is responsible for governance in parts of the Palestine.
  • The PLO is an umbrella organization comprising several Palestinian factions, but not Hamas and Islamic Jihad, which are currently at war with Israeli forces in Gaza.

Russia says retook Kursk from Ukraine with North Korean help

The Russian army has fully liberated the border Kursk region from Ukrainian control with the help of North Korean soldiers,...
  • Gerasimov especially hailed the "heroism" of the North Korean soldiers taking part in the operation, who provided significant assistance in defeating the group of Ukrainian forces
  • However, the Ukrainian Chief of Staff acknowledged the situation on the battlefield was "difficult", while insisting Ukrainian forces were still holding positions in Kursk

Hamas says open to 5-year Gaza truce, one-time hostages release

Cairo, Egypt - Hamas is open to an agreement to end the war in Gaza that would see all hostages...
  • The Hamas official, speaking to AFP on condition of anonymity, said the Palestinian militant group "is ready for an exchange of prisoners in a single batch and a five year truce
  • Hamas has consistently demanded that a truce deal must lead to an end to the war, a full Israeli withdrawal from the Gaza Strip and a surge in humanitarian aid