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

UK marks first anniversary of Queen Elizabeth II’s death

In a short statement, the 74-year-old British head of state recalled the "great affection" for his mother, her life and...
  • Commemorations will be low key on Friday, with the king - who is at his sprawling Scottish Highland estate of Balmoral - not expected at any official engagement
  • Britain King Charles III and his wife Camilla will attend nearby Crathie Kirk, the late queen's place of worship, for private prayers and a moment of reflection

North Korea launches new ‘tactical nuclear attack submarine’

North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the sub was part of a...
  • Kim Jong Un inspected the submarine as it prepared for a test cruise, and entered it "to acquaint himself with its weapon system and underwater operation capability"
  • The capacities of the new submarine "won't be revolutionary, but will increase the complexity of the nuclear threat posed by North Korea," said US-based analyst Ankit Panda

One pilot dead in helicopter crash off Dubai coast, another missing

The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...
  • The Bell 212 helicopter went down in Gulf at around 8:30 pm (1630 GMT) on Thursday after taking off from Dubai's Al Maktoum International Airport, the aviation authority said.
  • The GCAA confirmed that one member of the crew was found dead, while search and rescue operations were continuing to find the other missing pilot.

UAE vows full backing for GCC economic integration by 2025

Dubai, UAE - The United Arab Emirates (UAE) has reaffirmed its commitment to advancing the economic integration of the Gulf...
  • The UAE Minister of Economy Abdulla bin Touq Al Marri, Minister Bin Touq called for developing the mechanisms of economic integration within the GCC
  • The UAE urged finalization of the customs union, the establishment of a common GCC market, and the utilization of AI to bolster developmental endeavors

Fresh fighting rocks south Lebanon Palestinian camp

The United Nations' agency for Palestinian refugees (UNRWA) had warned last week that armed militants were occupying its schools in...
  • The fighting in the Ain al-Helweh camp once again pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants
  • Dozens of families with women and children were fleeing from the camp's northern end where the clashes were concentrated, the AFP correspondent said

US, Saudi, India, UAE eye railway accord at G20 summit: report

New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE),...
  • The initiative aims to establish a comprehensive railway network connecting the Gulf and Arab nations while also facilitating connections to India
  • The primary objective of this project is to strengthen the US presence and influence in the Middle East, especially as China's role in the region grows

Expansion may offer limited economic boost to BRICS

The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them,...
  • The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration
  • After expansion, the bloc will represent 30% of global GDP, 45% of the population, control 80% of oil production, and account for 16% of global trade by next year

Saudi crown prince says ready for economic partnership with BRICS

DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...
  • The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
  • The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.

Lebanese army blocks entry of 1200 Syrian migrants

Millions of Syrians have fled abroad since their country's civil war broke out in 2011 following the government's repression of...
  • It had announced on August 23 that it turned back 700 Syrians attempting to enter the eastern Mediterranean country irregularly.
  • Lebanon, which has been mired in a crippling economic crisis for more than three years, says it hosts nearly two million Syrians.

Turkey to showcase market-friendly turn at investment roadshow

inance Minister Mehmet Simsek told reporters he would then travel to New York and European economic powerhouses Germany and Britain...
  • The Merrill Lynch veteran's attempt to talk up his reforms were boosted by a World Bank announcement that it was looking to boost its commitment to Turkey from $17bn to $35bn.
  • Turkey suffered a lira crash in 2021 that set prices spiraling by 85% over a year when Erdogan forced the central bank to slash the interest rate far below that of inflation.

Trump says may warn Putin Ukraine could get Tomahawks if Russia doesn’t end invasion

US President Donald Trump said Sunday he may warn Russian counterpart Vladimir Putin that Ukraine could get Tomahawk cruise missiles...

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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...

Trump says Russian strike on Ukraine ‘a horrible thing’

US President Donald Trump on Sunday said a Russian strike on the Ukrainian city of Sumy that killed at least...

Israel PM says Macron ‘gravely mistaken’ in promoting Palestinian state

Israeli Prime Minister Benjamin Netanyahu on Sunday lashed out at French President Emmanuel Macron over his plans to recognise a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US Pentagon chief says military ready to ensure Iran never gets a nuclear bomb

Washington, United States -- The US defense secretary reiterated Sunday that the United States hopes for a diplomatic solution to...
  • US and Iranian diplomats opened indirect talks Saturday in Oman in an effort to resolve Western concerns about Iran's nuclear program.
  • Trump said Wednesday that military action was "absolutely" possible -- in conjunction with Israel -- if the talks in Oman failed.

Syria’s interim president Ahmed al-Sharaa makes first visit to UAE

Damascus, Syria -- Syria's interim President Ahmed al-Sharaa, whose war-devastated country seeks Gulf financial support, traveled to the United Arab...
  • Nearly a week after rebels toppled Assad in Dec, UAE presidential adviser Anwar Gargash said his government found the Islamist affiliation of Syria's new rulers "quite worrying'.
  • But in mid-January Sharaa spoke by phone with the Emirati president about ways to reinforce ties and "ensure the stability and development of the region'.

Gaza hospital damaged in Israeli strike: civil defence

There were no reports of casualties in the strike and the Israeli military told AFP they were looking into the...
  • The airstrike came "minutes after the (Israeli) army's warning to evacuate this building of patients, the injured and their companions", the agency said in a statement.
  • Hospitals, protected under international humanitarian law, have repeatedly been hit by Israeli strikes in the Gaza Strip since the start of the war between Israel and Hamas.