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

EU chief wants global experts panel to confront AI challenges

Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific...
  • Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change.
  • The EU is leading the charge on regulating AI, and aims to green light what would be the world's first law covering the technology by the end of the year.

Kim Jong Un says Russia will win ‘great victory’ over enemies

"We are confident that the Russian army and people will win a great victory in the just fight to punish...
  • Putin meanwhile praised "the future strengthening of cooperation and friendship between our countries," while hosting Kim at a Far East spaceport.
  • Experts say Russia may seek artillery shells and antitank missiles from North Korea, which wants advanced satellite and nuclear-powered submarine technology in return.

Iraq court sends 18 police officers to jail for Sweden embassy fire

Supporters of the powerful Shiite Muslim cleric Moqtada Sadr set the Swedish embassy in Baghdad alight on the night of...
  • Eight police received three-year jail terms, seven got two years and three months and three others were sentenced to 18 months in prison
  • Some of the Iraqi police involved in the case were permanently disbarred from the force, according to the court's verdict

No India-Middle East trade corridor without Turkey: Erdogan

Ankara, Turkey - Turkish president Recep Tayyip Erdogan has said that India-Middle East trade corridor proposed during the G20 summit...
  • Turkish president highlighted Turkey's significance as a strategic location bridging the gap between the Middle East and Europe
  • Turkey already supports another proposed corridor that connects the Gulf region to Turkey and Europe through a comprehensive transportation network

Bahrain prison inmates suspend strike after 36 days

According to some activists at least 800 inmates joined the strike, the biggest in Bahrain's history. But Bahraini authorities said...
  • The strike was suspended on Monday, after a meeting between jail officials and a group of prisoners
  • The prisoners can now have extra family visits and some inmates have been released from solitary confinement

Red Cross warns death toll may surge as 10,000 missing in Libya floods

The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...
  • World Health Organization spokeswoman Margaret Harris meanwhile described the situation in Libya as "a calamity of epic proportions".
  • In eastern Libya, the storm hit the coastal town of Jabal al-Akhdar especially hard, as well as Benghazi, where a curfew was declared.

WTO says era of de-globalization is closer than it appears

Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are...
  • After this phase of slowing globalization, the question is "whether we are moving towards a phase of deglobalization", said WTO official Ralph Ossa.
  • "We're quite far away from deglobalizing, but at the same time, you start seeing... the first cracks in the system," the WTO official said.

Iraq asks Sweden to extradite accused in Quran burning incident

STOCKHOLM, SWEDEN - Baghdad has asked Sweden to extradite Iraqi refugee Salwan Momika, who stoked international outrage by desecrating the Quran,...
  • The Swedish government has condemned the desecrations of the Quran but upheld the country's laws regarding freedom of speech and assembly.
  • The accused in the Quran burning incident said that Iraq was seeking his extradition to try him according to Islamic law.

Normalization of Israeli-Saudi ties hit Palestine, security barriers

Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...
  • The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
  • For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.

A third of the global population still without internet: UN study

Around 100 million more people are able to access the internet since last year's census by the International Telecommunication Union...
  • That means 67 percent of the world's population, or 5.4 billion people, are now online. However, the other 2.6 billion people are still without access.
  • With the developed world already online, the biggest growth areas for connectivity are in low-income countries.

Israel threatens to resume fighting if Hamas does not respect Gaza ceasefire deal

The statement from Defence Minister Israel Katz's office came after Hamas handed over the remains of two more deceased hostages,...

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Iran, US to resume high-stakes nuclear talks in Rome amid sanctions and mutual distrust

Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons - an allegation Tehran...

Israeli strikes kill 24 after Hamas calls for ‘comprehensive deal’

Gaza's civil defense spokesman Mahmud Bassal said early Friday that crews had "recovered the bodies of 10 martyrs and a...

Israel making Gaza unlivable, expands control over half of the territory

Jerusalem, Undefined -- By seizing large swathes of the Gaza Strip, Israel is redrawing the map of the Palestinian territory,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Deadly US strikes hit Yemen fuel port used by Huthis

The US military said it had destroyed a key Yemeni fuel port as it targets the country's Huthi rebels, who...
  • The attack on the Ras Issa fuel port aimed to cut off a source of supplies and funds for the Iran-backed Huthis, the US military said
  • Washington has hammered the Huthis with near-daily air strikes since March 15 in a bid to end their attacks on civilian shipping and military vessels

Hamas rejects Israel’s truce plan, demands full withdrawal and end of war in Gaza

The Palestinian militants' chief negotiator spoke out after civil defence rescuers in Gaza said new Israeli air strikes killed at...
  • A Hamas source told AFP that the group sent a written response Thursday to mediators on Israel's latest proposal for a 45-day ceasefire
  • It also called for the freeing of 1,231 Palestinian prisoners from Israeli jails and the entry of humanitarian aid into Gaza

40 mostly displaced Gazans killed in Israeli strikes

Civil defense spokesman Mahmud Bassal said two Israeli missiles hit several tents in the Al-Mawasi area of the southern city...
  • Bassal said that Israeli strikes on two other encampments killed a further nine people -- seven in the northern town of Beit Lahia, and a father and son near Al-Mawasi.
  • Two more attacks in Jabalia -- one that killed at least seven members of the Asaliya family, and another that killed six people at a school being used as a shelter.