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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

Joint Jordanian-Yemeni Business Council to resume activities, says JCC

AMMAN, JORDAN - President of the Jordan Chamber of Commerce (JCC) Khalil Al-Haj Tawfiq on Saturday discussed with Director General...
  • The Jordan Chamber of Commerce stressed on the importance of attracting new Yemeni investments to the Hashemite Kingdom.
  • The JCC said the Kingdom offers several opportunities in multiple commercial, service and industrial sectors for investors.

NASA and SpaceX Dragon spacecraft blasts off to ISS

Florida, US--NASA and SpaceX's Dragon spacecraft blasted off on Saturday carrying four astronauts to the International Space Station. The Crew-7...
  • Carried by a Falcon 9 rocket, the Dragon spacecraft lifted off at 3:27 am (0727 GMT) from Launch Complex 39A at NASA's Kennedy Space Center in Florida
  • The multinational crew will spend six months aboard the ISS, where they will carry out science experiments including collecting samples during a spacewalk

BRICS expansion points to a shift in global dynamics

The Middle East, with its vast resources and strategic position, can play a crucial role in BRICS' vision of a...
  • The inclusion of major Middle Eastern countries, six out of the ten biggest global oil suppliers, will now be part of the BRICS
  • This gives the alliance significant leverage in the global energy market, potentially influencing global oil prices and energy policies

Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI

Riyadh, Saudi Arabia  - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures...
  • Diplomacy, despite its imperfections stemming from differing threat perceptions and goals between Saudi Arabia and Iran, is deemed the most viable option at present
  • The option of external protection involves securing official security guarantees from a foreign ally to deter potential Iranian aggression

No alternative to first Ukraine-Russia grain deal: Turkey FM

The foreign minister said that his country does not see any alternative to the original initiative because in his words...
  • Turkey, which has maintained a neutral stance in the war, helped mediate the UN-backed agreement
  • Exports of grain from Russia have been hit by sanctions imposed after the invasion of Ukraine

UAE-Hungary Political Consultations Committee discusses boosting cooperation

Budapest, Hungary--Senior officials from the UAE and Hungary met in Budapest on 22nd August for the inaugural round of the...
  • Officials from the two countries reviewed the expanding relations and discussed ways to boost opportunities in order to ramp up economic and trade ties
  • The UAE ambassador had a series of meetings with senior officials, intellectuals, and cultural figures intended to deepen relations between the two countries

AI risks repeating social media mistakes, says Microsoft president

NEW DELHI, INDIA - Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of...
  • AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams
  • But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material

All eyes on tech firms as strict EU digital rules come into effect

The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...
  • The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.
  • They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.

Kremlin denies rumors it had hand in Wagner chief’s death

The Kremlin dismissed rumors it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two...
  • Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident.
  • President Vladimir Putin broke his silence on the crash on Thursday, offering condolences to the families of the 10 people onboard.

Denmark to ban Quran burnings, national security ‘main motivation’

Denmark stepped up security earlier this month following the backlash, as did neighboring Sweden which has also seen a spate...
  • Hummelgaard said Quran burnings were a "fundamentally contemptuous and unsympathetic act" that "harm Denmark and its interests".
  • The proposed Danish legislation would also apply to desecrations of the Bible, the Torah or, for example, a crucifix.

Israel declares ceasefire, begins troops pullback and Gazans start returning home

After two years of brutal war, the families of Israel's remaining hostages in the territory were also hoping the truce...

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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...

Tens of thousands march in US against Trump ‘devastation’

Opponents of the Republican president's policies -- from government staffing cuts to trade tariffs and eroding civil liberties -- rallied...

Macron to hold summit with Egyptian, Jordanian leaders as Israel pushes to seize Gaza territory

Meanwhile, a video recovered from the cellphone of an aid worker killed in Gaza alongside other rescuers shows their final...
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Israel expands ground offensive in Gaza city, dozens killed as fighting engulfs Shujaiya neighborhood

Prime Minister Benjamin Netanyahu said the army was dividing Gaza and "seizing territory" to force Hamas to free the remaining...
  • Israel has pushed to seize territory in the Gaza Strip in what it said was a strategy to force militants to free hostages still in captivity
  • In Lebanon, Hamas's military wing said its commander Hassan Farhat was killed in an Israeli strike that hit "inside his apartment" in Sidon

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
  • The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
  • But some member states, including China and Brazil, are proposing other measures, arguing the carbon levy would increase the cost of goods and contribute to food insecurity.

Macron, on Egypt visit, to go near Gaza to show support for ceasefire

French President Emmanuel Macron will go to an Egyptian port near the Gaza Strip next week to highlight concerns over...
  • Macron will go to Arish, 50 kilometres (30 miles) from Gaza, next Tuesday during a visit to Egypt, officials said
  • Macron is to go to Egypt on Sunday and on Monday will meet the country's President Abdel Fattah al-Sisi