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

Saudi Arabia and Iran invited to Moscow-led defense bloc’s military drills

Moscow, Russia -- Collective Security Treaty Organization (CSTO) member states have invited observers from Saudi Arabia, Iran, China and Mongolia...
  • China and Mongolia are the other two countries invited to monitor the Combat Brotherhood-2023 drills in Belarus, CSTO Joint Staff Chief Colonel General Anatoly Sidorov said.
  • Combat Brotherhood, a joint operational and strategic exercise, will be held in Belarus on September 1-6.

Turkey’s Erdogan to visit Russia for talks with Putin

Turkish President Recep Tayyip Erdogan is to visit Russia "soon" for talks with Vladimir Putin on reviving a deal to...
  • Kremlin spokesman Dmitry Peskov told reporters that a meeting was being prepared "intensively", without giving a time or place for the talks.
  • Erdogan has used his good relations with Russia and Ukraine to try to bring the two sides into formal peace talks.

Israel strikes force closure of Syria airport: state media

Israel has launched hundreds of air strikes in the last 12 years of civil war in Syria, primarily targeting Iran-backed...
  • Syrian transport ministry official said the damage centred on the only functioning runway
  • The Syrian Observatory for Human Rights said the strikes also targeted an adjacent military airport

Members of US Congress make rare visit to Syria’s rebel area

The Republican delegation comprising French Hill, Ben Cline and Scott Fitzgerald entered Syria from Turkey through the Bab al-Salama border...
  • The Congress members met with Raed Saleh, the director of the White Helmets rescue group
  • The meeting stressed "the importance of continuing cross-border aid in light of the growing humanitarian needs"

Libyan FM ‘suspended’ over talks with Israeli counterpart

Prime Minister Abdulhamid Dbeibah said that Najla al-Mangoush, the foreign minister, has been temporarily suspended and will be subject to...
  • Although the Libyan foreign ministry called the meeting a chance encounter, news of it led to street protests in many Libyan cities
  • Israel has managed to normalize relations with several Arab countries in recent years as part of US-backed deal

Egypt, Ethiopia restart talks over dam construction

Cairo, Egypt - Egypt announced on Sunday that negotiations had resumed over Ethiopia's controversial mega-dam, after agreeing last month to reach...
  • The massive $4.2-billion Grand Ethiopian Renaissance Dam (GERD) has been at the center of a regional dispute ever since Ethiopia broke ground on the project in 2011
  • For years at loggerheads over the issue, Egyptian President al-Sisi and Ethiopian Prime Minister Abiy Ahmed had agreed in July to finalize a deal within four months

Iran says European countries willing to buy our drones

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...
  • A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,
  • Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.

Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
  • Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
  • The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.

The fight over a ‘dangerous’ ideology shaping AI debate

Paris, France - Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of...
  • Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction.
  • But increasingly vocal critics are warning that the philosophy is dangerous, and the obsession with extinction distracts from real problems associated with AI like data theft.

Years of coal plant expansion torment Turkey’s villagers

Villagers and environmental activists have been locked in clashes with the police in the southwestern Mugla province since their plant...
  • An AFP tour of five Turkish coal-fired power plant villages witnessed the high human cost of relying on the outdated, highly polluting energy source.
  • Turkey was the last among the G20 economies to ratify the Paris Climate Accords, doing so only after the environment became a top issue in the wake of deadly wildfires.

US announces deal for Qatar air force facility in Idaho housing F-15 fighter jets, pilots

The announcement comes soon after President Donald Trump signed an executive order vowing to defend the Gulf Arab state against...

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Yemen rebels say targeted Israel army site, US warships in Red sea: statement

Yemen's Huthis said they targeted a military site in Israel and attacked two US destroyers in the Red Sea Monday,...

Netanyahu meets Trump for tariff and Gaza talks

Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkey’s main opposition leader urges elections ‘in November at the latest’

The leader of Turkey's main opposition party on Sunday called for expected elections to be held "at the latest in...
  • Addressing President Recep Tayyip Erdogan, CHP party leader Ozgur Ozel said: "In November at the latest, you will come to confront our candidate,"
  • Ozel hailed the demonstrations triggered by last month's arrest of Imamoglu, Istanbul's popular opposition mayor who is widely considered Erdogan's greatest political threat

Zelensky slams US lack of response to Putin truce rejection

Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full,...
  • Russia mounted a "massive" missile and drone attack on Ukraine overnight that also wounded seven people, Zelensky said
  • Ukraine has agreed to an unconditional truce in the more than three-year-long war proposed by the United States

Thousands rally in Morocco at pro-Palestinian protest

Tens of thousands of people demonstrated in Morocco's capital on Sunday against the conflict in the Gaza Strip where Israel...
  • The largest pro-Palestinian protest in the capital Rabat for several months was called by the Islamist-dominated coalition the Justice and Development party
  • Protesters were accompanied by chanting and the beating of drums as they marched down the city's Mohammed V Avenue near parliament