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

WEF’s Dubai Summit tackles existential digital risks

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...

Business

Tunisian activists urge closure of factory units after poisonings

Tunis, Tunisia -- Activists in Tunisia on Sunday called for the closure of facilities at a chemical factory in Gabes,...

Geostrategy
Geostrategy

Countries must cooperate to battle sandstorm threat, say UN, Iran

Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe...
  • According to meteorologists, sand and dust storms are expected to increase in countries most vulnerable to climate change.
  • Iran, co-organizer of the two-day gathering, is one country where such storms are increasingly numerous.
Geostrategy

G20 treads lightly on Ukraine war, climate issues

The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East,...
  • The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure
  • G20 nations lacked a unified pledge to end fossil fuels but committed to tripling renewable energy sources by 2030, emphasizing sustainable alternatives
Geostrategy

G20 adopts Leader’s Summit declaration, says Indian PM Modi

NEW DELHI, INDIA- Indian prime minister and G20 host Narendra Modi said on Saturday the body had reached consensus on...
  • "Because of our team's hard work, and with your support, there is a consensus on the New Delhi G20 Leaders' Summit declaration," the Indian Prime Minister said.
  • Finding consensus among members has been increasingly difficult in recent years, with key G20 members deeply divided over Russia's war in Ukraine.
Geostrategy

UAE President, Indian Prime Minister discuss strengthening bilateral, trade ties

NEW DELHI, INDIA - UAE President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi met to...
  • The meeting was held on the sidelines of the 18th Group of 20 (G20) Heads of State and Government Summit in New Delhi.
  • The two sides also exchanged views on various regional and international developments of mutual interest.
Business

Jordan-ASEAN Economic Forum to be held in March 2024, says ACC

AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
  • ACC will host the forum, in cooperation with Malaysia, Indonesia, the Philippines, Thailand and Sultanate of Brunei.
  • Trade exchanges between Jordan and ASEAN grew by 42 percent during 2022, compared to 2021, ACC's statistical data said.
Geostrategy

Putin calls for closer ties with North Korea ‘on all fronts’: Kremlin 

Moscow, Russia-- Russian President Vladimir Putin congratulated North Korean leader Kim Jong Un on Saturday on the 75 anniversary of the...
  • In a message to Kim, Putin said through joint efforts "we will continue to strengthen bilateral ties on all fronts"
  • He affirmed that relations between the two countries were based on the principles of friendship and mutual respect
Geostrategy

African Union formally joins G20 at Delhi summit

New Delhi, India - The African Union joined the Group of 20 leading economies at its summit on Saturday, enhancing...
  • The expansion of the bloc is a notable diplomatic victory for Modi, who faces national elections next year
  • Modi has used hosting rights for this year's forum to burnish his image as an international statesman
Geostrategy

Saudi Crown Prince arrives in India for G20 summit

His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with...
  • The head of the Arab world's largest economy was greeted on the tarmac in New Delhi by a troupe of women dancing to folk music
  • He is expected to sign an infrastructure agreement with the United States and other G20 members to explore the building of a rail and shipping network
Geostrategy

With no deal in place with Ukraine, Russia starts grain supply initiative

Moscow, Russia - Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain...
  • The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
  • Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement

Strengthening Middle East-China ties bolster trade

In recent years, the Middle East and China have fortified economic ties, with the former supplying half of latter's oil...
  • In recent years, the Middle East and China have fortified economic ties, with the former supplying half of latter's oil and sealing a landmark 27-year LNG deal with Qatar
  • After Chinese President Xi's 2022 Saudi visit, China-GCC FTA talks accelerated, financial ties deepened and the BRI synced with Middle East's digital and infra ambitions

WEF’s Dubai Summit tackles existential digital risks

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
Business

Company News

Latest News

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...
Geostrategy

Iran’s top diplomat to visit Russia after US nuclear talks

Iran's foreign minister is to visit ally Russia this week to discuss nuclear negotiations with the United States, ahead of...
Geostrategy

Trump envoy says Putin open to ‘permanent peace’ deal with Ukraine

US President Donald Trump's special envoy said Monday that Russian leader Vladimir Putin was open to a "permanent peace" deal...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Qatar plans direct investments worth $7.5 billion in Egypt

"The two sides emphasized the importance of strengthening economic cooperation... they agreed to work toward a package of direct Qatari...
  • Egypt, the Arab world's most populous nation, has taken tentative steps to emerge from its worst-ever economic crisis with prices for consumer goods rising by the day.
  • The two countries, which have also led mediation efforts for a ceasefire in Gaza, "emphasized the centrality of the Palestinian cause as the foremost Arab issue".
Geostrategy

Qatar to invest $2 billion in Indonesia sovereign wealth fund

Jakarta, Indonesia -- Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country's new sovereign...
  • Indonesian President Prabowo Subianto is on a five-nation tour of the Middle East, visiting the UAE, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region.
  • He said Sunday he had a "productive" meeting with Qatar Emir Sheikh Tamim bin Hamad Al-Thani and that the country would invest in the Danantara Indonesia fund.
Geostrategy

China’s exports beat forecast in March despite trade war woes

China said Monday that exports soared 12.4 percent year-on-year last month, beating expectations as Beijing navigated mounting trade headwinds sparked...
  • The figure was more than double the 4.6 percent predicted in a Bloomberg survey, though imports during the same period fell 4.3 percent
  • China's top leaders last month set an ambitious annual growth target of around five percent, vowing to make domestic demand its main economic driver