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

Ukraine ‘satisfied’ with Saudi-led mediation to end war

Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and...
  • Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit, which was held in Jeddah
  • The head of Ukraine's presidential office, Andriy Yermak, said there was an agreement on the next meeting, "but there are no exact dates"

Russia’s BSGI exit causes global food price hike: Blinken

Washington, United States - Russia's withdrawal from the Black Sea Grain Initiative (BSGI) has led to a surge in global...
  • Top US diplomat highlighted that over half of the grain from the Black Sea Grain Initiative was directed towards developing countries
  • Condemning the use of food as a weapon of war, he said that 91 countries have signed a declaration at the UN opposing such tactics

Peace settlement possible if Ukraine stops fighting, says Russia

Moscow, Russia - Russia said Monday a peace settlement with Ukraine was only possible if Kyiv put down its arms, after...
  • Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit.
  • Russia, which was not invited, said that a resolution was possible if Ukraine "stopped the hostilities and terrorist attacks".

Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to...
  • Amir-Abdollahian met Japanese Foreign Minister Yoshimasa Hayashi, with both hailing the opportunity to have face-to-face talks in Tokyo.
  • Amir-Abdollahian's visit to Japan is the first by a top Iranian diplomat since December 2019, and the first under President Ebrahim Raisi.

Lebanon urges calm after Gulf states issue travel advisory

"The situation in Ain al-Helweh camp has now calmed down," Interior Minister Bassam Mawlawi said referring to south Lebanon's restive...
  • Thirteen people were killed in several days of violence that erupted on July 29, pitting two groups of Palestinians against each other.
  • Last week, Arab Gulf countries -- some of which have already banned their citizens from travelling to Lebanon -- issued warnings urging their nationals to exercise caution.

Aramco Q2 profits drop 38%

The oil company's profits fell sharply to US$30.08 billion.
  • Production from the world's biggest crude exporter was down after Riyadh in April announced cuts of 500,000 barrels per day
  • The kingdom's daily production is now approximately nine million bpd, far below its reported daily capacity of 12 million bpd

Trump to seek new judge in election conspiracy trial

The twice-impeached Republican, who is seeking a return to the White House in 2024, has unleashed a stream of invective...
  • Team Trump wanted to push the deadline to Thursday, but the judge said they must abide by the current deadline of 2100 GMT Monday
  • Former vice president Mike Pence, a key figure in the case, said Sunday that he would not object to testifying in Trump's trial

Saudi-hosted talks on Ukraine war end with resolve to continue efforts for peace

Jeddah, Saudi Arabia-- More than 40 representatives of countries from around the world gathered in Jeddah, pledging to continue holding...
  • More than 40 representatives of countries from around the world agreed on the importance of contuining consultations that could pave way for peace in Ukraine
  • The Jeddah talks were part of the effort initiated by the Crown Prince, Prime Minister Mohammad bin Salman bin Abdulaziz Al-Saud since March 2022 to resolve the conflict

Iraq asks US, UK to extradite suspects in massive graft scandal

Iraq's judiciary issued arrest warrants at the beginning of March for four men, including a former finance minister and staff...
  • The case, which has been dubbed "the heist of the century", sparked outrage in oil-rich but corrpution-plagued Iraq.
  • At least $2.5 billion were stolen between September 2021 and August 2022 through 247 cheques that were cashed by five companies.

UAE sends military vehicles to aid Chad in counter-terror efforts

Chad is a neighbor of Niger, where a coup late last month toppled one of the last pro-Western leaders in...
  • The two countries had signed a military cooperation agreement in June during a visit by Chad's president, General Mahamat Idriss Deby Itno.
  • The UAE, which has been developing its own defense industry, has also been increasing its engagement with African nations.

Hundreds of thousands turn out at pro-Palestinian marches in Europe

Huge numbers turned out at pro-Palestinian rallies in Europe on Saturday, calling for an immediate end to the war in...

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Israel defence minister threatens to annex parts of Gaza unless Hamas frees the remaining Israeli hostages

The warning came as Israel stepped up the renewed assault it launched on Tuesday, shattering the relative calm that had...

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...

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

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Russia to hold talks with US in Riyadh Monday: Kremlin

Donald Trump spoke to both Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky this week and the US is also due...
  • "From the Russian side, they will be attended by Grigory Karasin, chairman of the Senate's committee on international affairs, and Sergei Beseda, advisor to the head of FSB.
  • Ushakov said he had confirmed this after talks with US National Security Advisor Mike Waltz. Both agreed to send "expert groups" for the talks, he added.

Israel announces ground operations, issues ‘last warning’ to Gazans to remove Hamas from power

Israeli forces this week conducted the deadliest wave of air strikes since the start of a truce in January, killing...
  • The military said it had "begun targeted ground operations in the central and southern Gaza Strip to expand the security perimeter
  • Families with young children fled northern Gaza for areas further south, fearing for their lives after Israel urged civilians to leave

Putin has upper hand in Trump talks on elusive Ukraine peace: analysts

Paris, France - Vladimir Putin scored a coup by discussing with Donald Trump in highly anticipated phone talks everything from improving...
  • During the call on Tuesday, Putin refused a full ceasefire agreement proposed by Washington
  • The Kremlin said Trump had also backed Putin's proposal to hold ice hockey matches between American and Russian players