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

BRICS will benefit greatly with UAE, Saudi Arabia as members: Expert

Dubai, UAE --  Granting the United Arab Emirates the status of a member of BRICS group (Brazil, Russia, India, China,...
  • Mohamed Badine El Yattioui, an IR expert at the American University in UAE, said strong economies make UAE, Saudi Arabia ideal BRICS candidates.
  • He said their entry into the grouping will push the western countries towards accepting a new world order.

Oman fostering international cooperation with Iran’s participation: Minister

Tehran, Iran -- Oman has said it has been making efforts to facilitate regional and international cooperation by with the...
  • Omani Foreign Minister Sayyid Badr Albusaidi referred to the recent talks between Iranian President Ebrahim Raisi and the Omani Sultan Haitham bin Tarik.
  • Iran had said that it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda.

ADFD finances $105.4m energy security project in Tanzania

ABU DHABI, UAE -  The Abu Dhabi Fund for Development (ADFD) has signed a loan agreement with the Government of...
  • The project’s objective is to fully connect the Kagera administrative region with the national electricity grid.
  • It will reduce dependency on energy imports from Uganda and provide sustainable electricity source.

Saudi embassy in Iran resumes work after seven years

Iran and Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in...
  • Iranian media had previously attributed the delay in reopening the Saudi embassy to the poor condition of the building which was damaged during the 2016 protests.
  • The reports said Saudi diplomats would work from a luxury hotel in the Iranian capital pending the completion of the works.

UK strikes deal with Turkey to tackle illegal migration

London announced the plan late Tuesday as part of its attempts to reduce illegal migration to the UK, a key...
  • The United Kingdom will deploy more officers in Turkey to disrupt the criminal gangs who run the illegal migration routes
  • The new plan will feature heavily at the upcoming UK-Turkey Migration Dialogue meeting, due to take place in London later this year

West must keep ‘promises’ on Ukraine grain deal: Erdogan

Ankara, Turkey--Turkish President Recep Tayyip Erdogan said Tuesday that the revival of a deal with Russia to allow Ukrainian grain...
  • Erdogan played a key role in the now collapsed deal allowing for safe passage of Ukrainian grain shipments via the Black Sea
  • The accord, brokered by Ankara and the United Nations in July 2022, ended last month after President Vladimir Putin refused to extend it

Russia to continue to enhance military cooperation with Iran: Ryabkov

Tehran, Iran-- In a defiant posture toward the West, Russia has declared that it will continue to enhance military cooperation...
  • The Russian minister said that they have full right to develop and enhance the military ties between the two "friendly nations"
  • He further noted that Iran will in due time become a full member of BRICS even as he refused to give a timeline for its membership   

The squalid camps where Syria war displaced languish

While living and hygiene conditions can be dire even in official displacement camps, the situation in informal settlements is sometimes...
  • Only 16 camps, housing around 150,000 people, are formally recognized and have access to international aid
  • Residents spend their days scavenging the rubbish tip for anything of value, such as scrap metal and bits of plastic

Pakistan’s Prime Minister, Saudi Deputy Foreign Minister discuss ties

Islamabad, Pakistan - Pakistan's Prime Minister Shehbaz Sharif met on Tuesday with visiting Saudi Deputy Foreign Minister Waleed bin Abdulkarim...
  • Al-Khuraiji also met with the country’s Foreign Minister Hina Rabbani Khar
  • In July, Pakistan received $2 billion in financial support from Saudi Arabia

Medical charity assails UN failure to renew Syria aid route

Through an arrangement that began in 2014, the UN delivered relief to the areas directly through the Bab al-Hawa crossing from...
  • UN Security Council's inability to renew "a resolution safeguarding access to vital humanitarian aid is inexcusable," the aid group said
  • More than four million people live in rebel-held areas of northern and northwestern Syria, many of them in overcrowded camps

Opec+ plus to raise oil production by 137,000 barrels a day in Nov

The increase was less than many analysts expected, with the cartel seeking to avoid pressuring prices amid weak demand. OPEC+...

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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...

Russia hopes for ‘progress’ at upcoming Saudi talks: negotiator

Moscow has rejected a joint US-Ukraine proposal of a full and unconditional 30-day ceasefire, instead suggesting just to halt aerial...

Istanbul Bar Association board dismissed over ‘terror propaganda’

The Istanbul Bar Association's executive board was dismissed Friday on grounds of "terrorist propaganda" and "publicly spreading false information", according...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN warns of ‘massive trauma’ for Gaza’s children amid renewed fighting

Sam Rose, the senior deputy field director in Gaza for the UN agency for Palestinian refugees UNRWA, highlighted the psychological...
  • James Elder, a spokesman for the UN children's agency UNICEF, said traumatized children usually only start to process their trauma when they begin returning to normalcy.
  • Humanitarians warned the situation has been made worse by Israel's decision earlier this month to cut off aid and electricity to Gaza over the deadlock in negotiations.

Macron announces new Ukraine ‘coalition’ summit in Paris on March 27

French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris...
  • Macron, together with British Prime Minister Keir Starmer, has been leading efforts to form a coalition in support of Ukraine
  • Starmer on Thursday hosted talks with around 30 senior military planners from nations interested in the coalition

Israel deepens Gaza offensive, shuts key routes, and orders evacuations amid heavy civilian casualties

US President Donald Trump "fully supports" Israel's renewed Gaza operations, White House Press Secretary Karoline Leavitt told reporters when asked...
  • The offensive has drawn widespread condemnation and shattered a relative calm in the war-ravaged Palestinian territory where a ceasefire began on January 19
  • Israel earlier said it had closed off the territory's main north-south route as part of expanding ground operations that resumed on Wednesday