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

Two dead as Europe bound migrant ship capsizes off Tunisia

Tunis, Tunisia - At least two Tunisians including a baby died when their Europe-bound boat sank Saturday off the North African...
  • The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach in Gabes.
  • "Two bodies have been recovered, one of a 20-year-old man and the other of an infant," said an official statement.

US to invest $1.2 bn on facilities to pull carbon from air

The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
  • Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.
  • Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.

Riyadh to host Peace and Sport Middle East Forum in Oct

Riyadh, Saudi Arabia -- For the first time, Riyadh will host the Peace and Sport Middle East Forum, powered by...
  • The forum will be held under the theme, “Sport is an answer for peace”, at the Cultural Palace in Riyadh-based Diplomatic Quarter
  • The kingdom will be hosting several big sporting events as it aims to attract foreign interest as it diversifies its economy away from oil

Australia resumes use of term “Occupied Palestinian Territories”

Dubai, UAE - In a significant policy shift, the Australian government has announced its decision to reinstate the term "Occupied...
  • This policy shift marks a departure from Australia's previous reluctance to use the term "occupied" or "occupation" since 2014
  • As the Australian government adjusts its foreign policy stance, it continues to express support for Israel

Five key factors influencing potential Israel-Saudi diplomatic deal

Riyadh, Saudi Arabia -  In recent days, speculation has grown about the Biden administration's attempts to broker a normalization agreement...
  • One important component of the discussions is to boost US-Saudi ties in multiple areas, including security and civilian nuclear cooperation
  • Saudi Arabia seems less likely to move as quickly as the United Arab Emirates, Bahrain, and Morocco did in the Abraham Accords, for a range of reasons

Israeli troops shoot Palestinian dead in occupied West Bank

Israel has occupied the West Bank since 1967 and its forces regularly make incursions into Palestinian communities.
  • Mahmoud Jihad Jarad, 23, was shot dead by troops during an overnight raid on Tulkarm refugee camp in the northern West Bank.
  • Jarad's body was shrouded in a Palestinian flag, his head wrapped in a keffiyeh, as he was carried through the streets in a funeral procession.

Spill risk over as UN removes oil from decaying Yemen tanker

Hodeida, Yemen -- The United Nations said Friday it had successfully transferred more than one million barrels of oil from a...
  • The milestone means that "the core aspect" of a years-long effort to address the threat posed by the Safer, often referred to as a "ticking time bomb", is now finished, the UN said
  • All told, the UN has priced the operation at $143 million, a fraction of the estimated $20 billion clean-up costs in the event of a spill.

Covid cases up 80 percent globally as new subvariant rises

The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...
  • The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.
  • Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.

Egypt dig unearths 41-million-year-old whale in desert

With an estimated length of 2.5 metres (eight feet) and a body mass of approximately 187 kilogrammes (410 pounds), Tutcetus...
  • The team has dubbed the species "Tutcetus rayanensis" after the Egyptian boy king Tutankhamun and the Wadi El-Rayan Protected Area in Egypt's Fayoum Oasis
  • Fayoum Oasis, some 90 miles southwest of Cairo, boasts Wadi al-Hitan, the Valley of the Whales, a UNESCO World Heritage Site that has turned up hundreds of fossils

IS attack on bus kills 23 Syrian soldiers: monitor

Despite losing their last piece of territory in Syria in 2019, IS has maintained hideouts in the vast Syrian desert...
  • The attack killed "23 soldiers and wounded more than 10 others", some of whom in critical condition, said the Syrian Observatory for Human Rights
  • Ten Syrian soldiers and pro-government fighters were killed earlier this week in an IS attack in the Raqa province, the Observatory said Tuesday

Bangladesh deploys warships to protect prized hilsa fish

Dhaka, Bangladesh -- Bangladesh's defense force said it has deployed warships and patrol aircraft as part of a special surveillance...

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Israel PM accuses security chief of investigating minister without his consent

Prime Minister Benjamin Netanyahu on Monday accused Israel's internal security chief, whose dismissal was blocked by the supreme court, of...

Trump pushes for Ukraine peace as US, Russian officials hold ceasefire talks in Saudi Arabia

US President Donald Trump is pushing for a rapid end to the three-year war and hopes talks in Riyadh could...

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Tens of thousands in France protest against racism and far-right

Tens of thousands of people in Paris and other French cities on Saturday rallied against racism and the rise of...
  • The rallies took place amid the rightward shift in French politics, with the government pledging to tighten immigration policies and border controls
  • In the runup to the rallies the LFI party caused an uproar in France by publishing the image of Cyril Hanouna, one of the most influential stars of right-wing media

Israel conducts deadly strikes on Lebanon after ‘cross-border rocket fire’ denied by Hezbollah

Israeli defence chiefs said they held the Lebanese government responsible for all hostile fire from its territory regardless of who...
  • Lebanon's official National News Agency reported one girl among two killed in an Israeli strike on the southern town of Touline
  • The Israeli army said six rockets, three of which were intercepted, were fired from Lebanon into northern Israel

Fatah urges Hamas to cede power to safeguard ‘Palestinians’ existence’

Gaza City, Palestinian Territories -- Palestinian president Mahmud Abbas's Fatah movement called on Hamas on Saturday to relinquish power in...
  • "Hamas must show compassion for Gaza, its children, women and men," Fatah spokesman Monther al-Hayek said in a message sent to AFP from Gaza.
  • Hamas seized power in Gaza in 2007 from the Fatah-dominated Palestinian Authority, and subsequent attempts at reconciliation have failed.