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

Algerian, South African ministers discuss ways to boost economic cooperation

JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
  • The two ministers discussed the available opportunities to enhance trade exchange between Algeria and South Africa.
  • The aim of trade exchange and joint investment is achieving sustainable development in the region.

Sudan war ‘threatens to consume the entire country’: UN

The conflict between the army under General Abdel Fattah al-Burhan and the paramilitary Rapid Support Forces (RSF) commanded by Mohamed...
  • In the four months since fighting broke out, more than 4.6 million people in Sudan have been forced to flee their homes, according to the United Nations figures
  • UN official said that in Kadugli, in South Kordofan state, "food stocks have been fully depleted, as clashes and road blockages prevent aid workers from reaching the hungry."

Trump arrested in election case, mug shot released

Trump was given the inmate number "PO1135809" by the Fulton County Jail, which listed his height as six foot three...
  • In the photograph released by the sheriff's office, he scowled at the camera while dressed in a dark blue suit, white shirt and red tie
  • Speaking to reporters after his arrest, Trump, the frontrunner for the 2024 Republican presidential nomination, said it was a "very sad day for America."

At meeting in Canada, global fund launched to protect nature

The fund's capitalization follows a global "peace pact" signed by more than 190 nations at the Montreal COP 15 summit...
  • Canada and Britain announced they would provide a combined $160 million in seed money to get the Global Biodiversity Framework Fund off the ground
  • The Global Environment Facility (GEF)'s assembly brought together 1,500 people from around the world including environmental activists and government officials

Iran’s BRICS membership to strengthen group, says XI

TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...
  • The BRICS heads of state held their 15th annual summit in Johannesburg.
  • The heads of state called for the use of local currencies to facilitate trade.

American-Iranian Jasmin Moghbeli among NASA and SpaceX crew to ISS

Washington, United States -- NASA and SpaceX are preparing to launch a crew of four to the International Space Station...
  • Dubbed Crew-7, the mission will be commanded by Moghbeli and includes Andreas Mogensen of Denmark, Satoshi Furukawa of Japan and Konstantin Borisov of Russia.
  • Crew-7 is set to be the seventh routine mission to the orbital platform for Elon Musk's SpaceX, with the first coming in 2020.

Global warming induced stress could threaten health of 1 billion cows

Nearly eight out of 10 cows across the planet are already experiencing excessively high body temperatures, spiked respiration rates, bowed...
  • These numbers are projected to balloon if cattle farming continues to expand in the Amazon and Congo basins, where temperature rise is quicker than the global average.
  • The study predicts heat stress will become a year-round problem in Brazil, southern Africa, northern India, northern Australia and central America by 2100.

Vignettes from first US election debate in Republican party

MILWAUKEE, US - A crowded stage of talkative Republican politicians produced a messy debate in the race to be the party's...
  • Donald Trump may have turned down his invitation to join the debate, but his influence appeared to have seeped into the clothing choices of his rivals.
  • All seven male candidates lined up wearing dark suits, white shirts and red ties - an echo of Trump's standard attire.

Syria ramps up retaliatory attacks on rebel bases in Aleppo, Latakia and Hama

Both the Syrian army and Russian air force "carried out several air and artillery strikes targeting terrorist headquarters in the...
  • Observatory chief attributed the increased number of attacks by Assad's ally Moscow as retaliation for drone strikes by HTS and its allies on government-held terrotary
  • Earlier Wednesday, shelling that targeted Assad's home town in the coastal province of Latakia wounded one civilian, and was the second such attack in two months

UAE and Saudi Arabia among six new BRICS members

Argentina, Egypt, Iran, and Ethiopia are the four other member countries joining BRICS, underscoring its commitment to a more inclusive...
  • Argentina, Egypt, Iran, and Ethiopia are the four other member countries joining BRICS, underscoring its commitment to a more inclusive global stance, effective from January 2024
  • The expansion -- aimed at enhancing collaboration in trade, technology, and sustainable development -- emphasizes cohesive efforts among emerging economies

Nobel Peace Prize winner Machado dedicates award to Trump

Caracas, Venezuela -- Venezuelan opposition leader Maria Corina Machado dedicated her Nobel Peace Prize on Friday to the people of...

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Syrian government says studying Amnesty report on massacres

Syria's government said late Friday it was "closely following" the findings of a new Amnesty International report urging an investigation...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hungary announces ICC withdrawal as Israel’s Netanyahu visits

Budapest, Hungary -- Hungary on Thursday said it will quit the International Criminal Court, just as its Prime Minister Viktor...
  • Set up in 2002, the ICC, based in The Hague, seeks to prosecute individuals responsible for the world's gravest crimes when countries are unwilling or unable to do so themselves.
  • The Palestinian Authority (PA) urged Hungary to "comply with the International Criminal Court's arrest warrant by immediately handing Netanyahu over to bring him to justice.

US university calls for release of detained Turkish student

New York, United States - Tufts University on Wednesday publicly backed its student Rumeysa Ozturk, a Turkish national detained by...
  • Video of Ozturk's arrest by masked agents on a sidewalk has sparked outrage online
  • This has added to concerns about freedom of speech and respect for due process under Trump

Israel’s Netanyahu arrives in Hungary, defying ICC warrant

Israeli Prime Minister Benjamin Netanyahu arrived in Budapest early Thursday on his first trip to Europe since 2023 and in...
  • Hungarian Prime Minister Viktor Orban extended an invitation to Netanyahu last November, a day after the ICC issued the arrest warrant over alleged war crimes in Gaza
  • Orban vowed the EU member would not execute the warrant, despite being an ICC member, saying the court's decision "intervenes in an ongoing conflict... for political purposes".