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

GCC chief stresses importance of strategic partnership with US

Riyadh, Saudi Arabia--GCC Secretary General Jasem Albudaiwi has emphasized the importance of Gulf-US strategic relations that support joint cooperation and...
  • Albudaiwi, in a statement, underscored the outcome of the joint meeting which was held last June between the GCC foreign ministers and the USA
  • He pointed to the importance of strategic partnership between the GCC countries and the United States in maintaining peace and security in the Middle East

Algeria begins mediation to resolve Niger crisis

Algiers, Algeria  - Algeria has initiated a diplomatic effort aimed at finding a political solution to the ongoing crisis in...
  • The crisis in Niger follows the military overthrow of President Mohamed Bazoum on July 26
  • Algeria's diplomatic efforts stem from a belief that dialogue and negotiation can provide a viable solution

Wagner chief Prigozhin ‘among passengers’ on plane that crashed

"There were 10 people on board, including three crew members. According to preliminary information, all those on board died," Russia's...
  • In June, Prigozhin led a short-lived rebellion against Russia's conventional army with thousands of mercenaries taking up weapons and marching from southern Russia towards Moscow.
  • The mutiny ended with a deal, mediated by Belarusian leader Alexander Lukashenko, under which Prigozhin was expected to move to neighborin Belarus with some of his men.

Erdogan and Putin likely to discuss Africa flour supply deal: Report

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin are likely to discuss a deal on...
  • "Both leaders spoke earlier about plans to process Russian grain into flour in Turkey and sending it to the poor nations of Africa," a diplomatic source told TASS.
  • A spokesman for Turkey’s grain association said in turn that Turkish producers were ready to start implementing the project.

Schools shut in Makkah region after heavy storms and downpour

The meteorology center warned of further storms on Wednesday bringing rain, wind and thunder to the Mecca region and elsewhere...
  • The storm brought gale force winds exceeding 80 kilometers (50 miles) per hour, Hussein al-Qahtani, spokesman for the National Centre for Meteorology.
  • The Makkah neighborhood of Al-Kakkiyah recorded 45 millimeters (1.8 inches) of rain within 24 hours, the meteorology center shared in a post on X.

Russia’s goal is to end war West unleashed in Ukraine: Putin

Johannesburg, South Africa -- Russia's special military operation pursues the goal of ending the war in Ukraine unleashed by a...
  • Russia has decided to support the people who are fighting for their culture, for their traditions, for their language and for their future.
  • He said it was the wish of a number of Western countries to preserve their hegemony in the world that "has led to the grave crisis in Ukraine."

One fourth of all investors in state securities have left Russia: Minister

Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due...
  • Russia's Finance Minister Anton Siluanov the government will find ways to replace the investors to create funds required for development of the economy.
  • Moscow's incursion into Ukraine has made Russia the most sanctioned country in the world. Western nations have regularly increased the sanctions.

India first nation to land spacecraft near Moon’s south pole

The landing of the unmanned Chandrayaan-3, which means "Mooncraft" in Sanskrit, comes days after a Russian probe crashed in the...
  • The Chandrayaan-3 mission has captivated public attention since launching nearly six weeks ago in front of thousands of cheering spectators.
  • Chandrayaan-3 took much longer to reach the Moon than the Apollo missions in the 1960s and 1970s, which arrived in a matter of days.

Wildfire briefly halts marine traffic on Turkish strait

The fire forced the evacuation of a local university and closure of a highway running through the blaze. The Turkish...
  • The emergency response service said it had evacuated seven villages and was preparing to help people leave three more on Turkey's northwestern coast
  • The good news is that the winds seem to blowing away from the city centre of Canakkale, Agriculture and Forestry Minister Ibrahim Yumakli said

Iran ready to boost military ties with Russia: General Heidari

Tehran, Iran-- Iran will boost military cooperation with Russia as the two countries look to strengthen strategic partnership. According to...
  • The Iranian army commander made the remark during a meeting with the Commander-in-Chief of the Russian Army, General Oleg Salyukov, in Moscow
  • The two generals pledged to continue promoting mutual ties between the ground forces of the two countries in various fields in the coming months

Top conservation group meets in UAE on growing threats to nature

Abu Dhabi, United Arab Emirates -- The world's top conservation body kicked off its world congress Thursday in the Emirati...

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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...

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...

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

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Military confrontation ‘almost inevitable’ if Iran nuclear talks fail, says French foreign minister

Western countries including the United States have long accused Iran of pursuing a nuclear weapon, which Tehran has denied, insisting...
  • "Our confidence and our conviction remain intact," Barrot said. "Iran must never acquire nuclear weapons."
  • "Our priority is to reach an agreement that verifiably and durably constrains the Iranian nuclear program," he added.

Israel says expanding Gaza offensive to seize ‘large areas’

Defense Minister Israel Katz said Israel would bolster its military presence in the Palestinian territory to "destroy and clear the...
  • An Israeli group representing the families of hostages still held in Gaza said they were "horrified" by Katz's announcement of expanded military operations.
  • Meanwhile, Israel's far-right National Security Minister Itamar Ben Gvir visited Jerusalem's Al-Aqsa Mosque compound on Wednesday, drawing condemnations.

Turkish opposition calls for boycott over jailed students

The leader of Turkey's main opposition party has called for a boycott on Wednesday to protest the detention of students...
  • 301 students have been arrested for taking part in the protests against the detention on March 19 of Imamoglu, Erdogan's greatest political rival
  • Imamoglu's arrest on corruption charges, which he denies, have set off a wave of popular protests unseen in Turkey for more than a decade