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

Geothermal, desalination: Top 10 solutions for planetary health

Dubai, UAE--Ten transformative technology solutions could change the way the world powers homes, grows food and secures freshwater, according to...

Global aid pours into Morocco as quake death toll passes 2,100

The International Federation for Red Cross and Red Crescent Societies has warned that the next 24 to 48 hours will...
  • Countries such as Turkey, Switzerland, Belgium, Italy, Poland, and Israel have also offered assistance
  • A team of French volunteer firefighters has arrived in Morocco as US says it is ready to provide assistance

Keen on promoting digital payments in India, UAE, says RBI

NEW DELHI, INDIA – The Chief General Manager of the Reserve Bank of India's Department of Payment and Settlement Systems,...
  • India and UAE have signed two MoUs to strengthen the use of national currencies for bilateral trade, link payment and financial messaging systems.
  • The RBI official said the two countries can work together to further develop digital payments and make them more efficient and convenient.

Situation in Morocco in the aftermath of quake

PARIS, FRANCE - Rescuers in Morocco were scrambling on Sunday to reach people trapped under the rubble after a powerful earthquake...
  • The worst destruction took place in the remote villages of the High Atlas, in the provinces of Al-Haouz and Taroudant.
  • Work in on to get teams with heavy-lifting equipment into the worst-hit areas including hard-to-reach mountain villages.

Riyadh to host 45th session of UNESCO’s World Heritage Committee

Riyadh, Saudi Arabia -- Saudi Arabia is hosting the extended 45th session of UNESCO's World Heritage Committee from September 10...
  • This session anticipates the participation of 3,000 individuals representing 21 member states of the World Heritage Committee.
  • Minister of Culture and Chairman of the Saudi National Commission for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan will attend the meeting.

IsDB to finance projects worth US$800m in member states

JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
  • The aid will contribute to ameliorate the socio-economic challenges faced by the people and will help in achieving significant SDG targets.
  • IsDB had made an emergency intervention to support the communities affected by the conflict in Sudan.

Inflation in Egypt hits record high of nearly 40 percent, says government

Annual inflation in Egypt hit 39.7 percent in August, official figures showed, an all-time high for the country as it...
  • Food and drink prices in Egypt alone registered a 71.9 percent increase compared to August 2022, state statistics agency CAPMAS said.
  • Even before the current crisis, 30 percent of Egyptians were living below the poverty line, according to the World Bank.

G20 summit ends with India, Brazil and Russia boasting success

G20 leaders have been deeply riven over the Ukraine war since Moscow's invasion last year, with Russian President Vladimir Putin...
  • Facing a diplomatic embarrassment, India pressed members to agree a common statement that denounced the use of force for territorial gains but didn't criticize Russia directly.
  • Kyiv said the G20 had "nothing to be proud of" but Russian Foreign Minister Sergei Lavrov, who stood in for Putin at the meeting, claimed a diplomatic victory.

Oil permits and wind crisis threaten UK net zero pledge

More bad news for the wind energy sector, which is at the heart of the UK's plan to become a...
  • Greenpeace called the failed auction the "biggest disaster for clean energy in almost a decade", putting the net zero target "in jeopardy"
  • Mads Nipper, boss of Orsted warned that "offshore wind ambitions will only happen with sane auction frameworks and realistic prices"

No arrest risk for Putin at Brazil G20: Lula

Russian president Vladimir Putin has skipped recent international gatherings and sent his Foreign Minister Sergei Lavrov to New Delhi instead....
  • Putin skipped this year's gathering in New Delhi, avoiding possible political opprobrium
  • On Saturday, the G20 nations adopted a declaration that avoided condemning Moscow for Ukraine war

Gaza exports to Israel resume as crossing reopens: Palestinian official

The Kerem Shalom crossing, the only point of entry for goods between Gaza and Israel, was closed last week after...
  • Impoverished Gaza, home to around 2.3 million Palestinians, is under a tight land, air and sea blockade imposed by Israel, whose defense ministry controls all crossings.
  • The closure of the Kerem Shalom crossing came amid rising violence in the Israeli-Palestinian conflict which has seen at least 227 Palestinians killed so far this year.

Geothermal, desalination: Top 10 solutions for planetary health

Dubai, UAE--Ten transformative technology solutions could change the way the world powers homes, grows food and secures freshwater, according to...

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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...

WHO countries strike landmark agreement on tackling future pandemics

Geneva, Switzerland -- Years of negotiations culminated early Wednesday with countries agreeing the text of a landmark accord on how...

US approves $825 mn Stinger missile sale to Morocco

The United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trade war to cut global oil demand: International Energy Agency

Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...
  • It lowered its forecast for growth in oil demand by 300,000 barrels per day (bpd) -- down from just over one million bpd in its March report to 730,000.
  • Trump imposed global tariffs of 10 percent this month but paused higher levies on scores of countries for 90 days.

Syria, Lebanon leaders in Qatar for first official visits

Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...
  • Lebanese President Joseph Aoun, accompanied by foreign minister Youssef Raggi, also touched down in Doha as delegations of two countries held talks.
  • Beirut and Damascus have been seeking to improve relations since the overthrow of Assad, whose family dynasty exercised control over Lebanese affairs for decades.

Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

Beirut, Lebanon - The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon...
  • Hezbollah was left badly weakened by more than a year of hostilities with Israel, beginning with the group's campaign of rocket fire at its arch-foe in support of ally Hamas
  • Israel was meant to withdraw its troops, but it still remains in five points it deems "strategic" and conducts regular strikes on what it says are mostly Hezbollah targets