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 okays updated Pfizer and BioNTech’s anti-Covid vaccine

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...
  • The European Medicines Agency said it "has recommended authorizing an adapted Comirnaty vaccine targeting the Omicron XBB.1.5 subvariant".
  • Known as Comirnaty Omicron XBB.1.5, the mRNA vaccine is to be used to prevent Covid-19 in adults and children from six months.

EU diplomat’s threat to Russia medical supplies smacks of neo-Nazism: Official

Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to...
  • Russian Foreign Ministry said that EU High Representative for Foreign Affairs and Security Policy Josep Borrell had threatened to take medical supplies away from the Russian people
  • "EU restrictions are above all an instrument of intimidation and blackmail. We deem these new direct threats against Russians by Borrell unacceptable," a spokesperson said.

Kremlin not ruling out foul play in Wagner chief Prigozhin’s death

Prigozhin, 62, was buried on Tuesday in a private ceremony in his native Saint Petersburg, more than two months after...
  • Kremlin spokesman Dmitry Peskov on Wednesday told reporters that officials probing the incident have not ruled out any cause for the crash including foul play.
  • The Kremlin has dismissed suggestions it orchestrated the crash in revenge for Wagner's march on Moscow in June.

Kyrgyzstan repatriates 95 from Syria rebel camps

Kyrgyzstan has already twice taken back its citizens from Syria or Iraq. In March 2021, 79 children were repatriated while...
  • Thirty-one women and 64 children who are Kyrgyz citizens were transferred from Syria to Kyrgyzstan," said the foreign ministry in a statement
  • The ministry said it was "grateful" to the US for "full assistance and logistical support" in the operation, as well as thanking UNICEF and the Red Cross

BRICS, SCO membership to reduce West’s sanctions effect, says Iran

"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...
  • The Iranian president noted that Iran’s economic potential will help bolster the position of both organizations on the international stage
  • "The effect is reciprocal because all the participants of these unions, including ourselves, will benefit from Iran’s membership," he explained

Iranian company SAIPA to export cars to Russia

TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...
  • SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.
  • Exports can start within a month and after the required permits are issued by Russian authorities.

Iran’s non-oil exports reach US$19.3bn in March to July 2023

TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
  • Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
  • In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.

There are no frozen assets abroad, says Iranian President

TEHRAN, IRAN   – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
  • Iran has forged strong relations with Islamic and other like-minded countries.
  • The country is keen on membership in regional and extra-regional alliances.

West has failed to isolate Iran, says President Ebrahim Raisi

Raisi was referring to sanctions imposed on Iran since the United States torpedoed the nuclear deal in 2018, as well...
  • "The enemy tried to follow two strategies: one was to isolate Iran from the world and the other was to discourage the Iranian nation," Raisi said.
  • The president said Iran was continuing to seek "the lifting of sanctions" through negotiations to revive the 2015 nuclear accord.

Israeli PM thanks Saudi after emergency aircraft landing in Jeddah

The Air Seychelles flight laden with Israeli passengers was heading from the Seychelles to Tel Aviv. Saudi airspace had been...
  • The Air Seychelles flight made an emergency landing Monday in the Saudi coastal city of Jeddah due to technical difficulties.
  • Israeli media said 128 passengers aboard the flight were welcomed and given overnight accommodation in the Red Sea city.

Relief and scepticism at London Pro-Palestinian protest

Tens of thousands of pro-Palestinian protesters marched in London on Saturday, expressing scepticism and cautious hope as a ceasefire between...

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Israel seizes Gaza territory as Macron signals imminent French recognition of Palestinian statehood

French President Emmanuel Macron meanwhile said that France plans to recognise a Palestinian state in the "coming months", a move...

Saudi foreign minister in US to prepare for Trump visit

Riyadh, Saudi Arabia -- Saudi Arabia's top diplomat is in Washington to lay the groundwork for US President Donald Trump's...

Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
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Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill

Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...
  • Foreign Minister Abbas Araghchi said Iran's principal aim remained the lifting of sweeping US sanctions
  • Their reimposition by President Donald Trump in 2018 has dealt a heavy blow to the Iranian economy

After Instagram restrictions, Meta to introduce teen accounts for Facebook

Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...
  • The accounts were brought in for 13- to 15-year-old Instagram users last September as part of moves to shield underage internet users from online harms.
  • Teens are immediately placed in such accounts, with those under 16 unable to change settings without parental permission.

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  • The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)
  • The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea