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

WFP warns fund cuts could push 24m people to brink of starvation

Geneva, Switzerland - The World Food Program said Tuesday that shrinking funding was forcing it to drastically slash rations in many...
  • WFP said it had been struggling to meet growing global needs for food assistance while facing a funding shortfall of over 60 percent this year.
  • WFP estimates that 345 million people worldwide are facing acute food insecurity, at level three or higher on the UN's five-scale food insecurity classification.

Building less, repurposing more key to low construction sector emissions

The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
  • Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
  • Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.

Red Cross seeks over $100m aid for quake-hit Morocco

GENEVA, SWITZERLAND - The Red Cross appealed on Tuesday for more than $100 million to provide desperately needed assistance in Morocco,...
  • The Red Cross said the funds were needed for "health, water, sanitation and hygiene, shelter relief items and basic needs".
  • Search and rescue teams from Morocco and abroad continued to dig through the rubble of homes, hoping for signs of life.

Oslo Accords promise turned into ‘destroyed dreams’ in Gaza

Oslo Accords were meant to lead to a free Palestine, but years of stalled negotiations and violence have left any...
  • Unemployment is rife with about 70 percent of young people without a job in Gaza, where residents regularly suffer power cuts and inadequate access to clean water
  • Daily struggles in the impoverished territory have been exacerbated by a crippling Israeli-led blockade since Hamas Islamists took control in 2007, two years after Israel withdrew

Israel top court hears petitions against divisive judicial reform

Jerusalem, Undefined - Israel's Supreme Court convened Tuesday to hear petitions to strike down a key plank of the hard-right government's...
  • A full 15-judge panel of the top court began hearing pleas against the amendment of the so-called "reasonableness clause"
  • The amendment limits the powers of the top court to review and sometimes overturn government decisions

North Korea’s Kim travels to Russia for talks with Putin

A Russian news agency said that Kim's had crossed the border into the Primorsky region, with images showing a train...
  • The two leaders will meet on the sidelines of the Eastern Economic Forum in Vladivostok
  • US has warned that Pyongyang would "pay a price" if it supplies Moscow with weaponry

US endorses transfer of funds to Iran in prisoner deal

President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine...
  • The money transfer is "a critical step in securing the release of these five US citizens," a State Department spokesperson said
  • Iran's foreign ministry spokesman insisted that the money will allow the Islamic republic to "purchase all non-sanctioned goods"

Sudan army chief visits Eritrea on latest trip abroad

Burhan, the northeast African country's de facto leader since a 2021 coup, has been fighting the paramilitary Rapid Support Forces...
  • Burhan's visit for talks with Eritrea's President was his fourth trip abroad in two weeks
  • Experts say his recent travels aim to burnish his credentials in the event of talks to end the conflict

UAE president discusses boosting ties with president of Nigeria

Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...
  • UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria
  • Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth

150 dead in Libya after storm Daniel results in floods

"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
  • The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
  • Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.

Israel returns 45 Palestinian bodies to Gaza authorities

Under the deal pushed by US President Donald Trump and aimed at ending the two-year Gaza war, Israel was to...

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Chinese vent anger at Trump’s trade war with memes, mockery

Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Qatar renews $60 mn grant for Lebanon army salaries

Qatar is to renew a $60 million grant to pay the salaries of Lebanon's army and provide 162 military vehicles,...
  • The Lebanese President arrived in Qatar on Tuesday accompanied by foreign minister Youssef Raggi, and departed Doha on Wednesday afternoon
  • The gas-rich Gulf state in February pledged support for reconstruction in Lebanon and was already a provider of financial and in-kind support to the Lebanon

UN watchdog chief says Iran ‘not far’ from nuclear bomb

The United Nations nuclear watchdog chief Rafael Grossi warned on Wednesday that Iran was "not far" from possessing a nuclear...
  • Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons, an allegation Tehran has consistently denied
  • The UN watchdog was tasked with overseeing Iran's nuclear programme and its compliance with a 2015 nuclear deal which collapsed three years later

Israel says 30% of Gaza now buffer zone, escalates offensive and maintains aid blockade

Prime Minister Benjamin Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by...
  • Prime Minister Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by Hamas in Gaza
  • The Israeli military said that it had "achieved full operational control over several key areas and routes throughout the Gaza Strip."