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

OIC disappointed with Swedish, Danish response to Quran desecration

"It is unfortunate that the concerned authorities claiming freedom of expression continue to provide licenses to repeat these acts contrary...
  • Saudi Arabia has in recent weeks summoned Swedish and Danish diplomats to deliver protest notes denouncing "disgraceful" acts against the Quran.
  • On Thursday, Taha received a phone call from Sweden's foreign minister, Tobias Billstrom, who said Stockholm rejects acts that insult the Quran.

UK to issue hundreds of new oil and gas drilling licenses in North Sea

The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies....
  • "Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence," PM Rishi Sunak's office said.
  • "The government is taking steps to slow the rapid decline in domestic production of oil and gas, which will secure our domestic energy supply," it said.

UAE oil giant ADNOC pledges to ‘accelerate’ zero-carbon plan

ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050,"...
  • ADNOC said it has "reduced its greenhouse gas emissions" by about 5m tons in 2022, mostly through the use of solar and nuclear energy, to power all of its onshore operations.
  • ADNOC CEO Sultan Al Jaber, who will head up COP28, has argued that fossil fuels will continue to play a key role, and that carbon capture technologies will contain emissions.

Quran set alight at protest outside Sweden parliament

Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked...
  • Sweden has already seen its diplomatic relations with several Middle Eastern nations strained over previous protests involving Quran desecrations.
  • Swedish police have previously stressed they only grant permits for people to hold public gatherings and not for the activities conducted during the events.

National Leasing’s profits hit $2.37m

A jump of 28 percent in net profit vis-a- -vis H1 2022.
  • National Leasing Holding was established in 2003
  • It was listed on QSE in 2003 with a capital of $135.9 million.

Lebanon’s central bank chief to end term with no successor

Lebanon's deeply divided political class has failed to agree on a replacement for Salameh, 73, creating another power vacuum in...
  • Salameh has for two years been the subject of judicial investigations at home and abroad into allegations including embezzlement and money laundering, charges which he denies
  • Lebanon's central bank chief Riad Salam is wanted in France and Germany, and Interpol has issued a Red Notice for his arrest, but Lebanon does not extradite its nationals

Iran to ‘pursue rights’ over disputed gas field, also claimed by KSA, Kuwait

Earlier this month, Kuwait had invited Iran for another round of maritime border talks after Tehran said it was ready...
  • The offshore zone of the resource-rich Gulf, known as Arash in Iran and Dorra in Kuwait and Saudi Arabia, has long been a focal point of contention between the three countries
  • Kuwait and Saudi Arabia, who share some maritime gas and oil resources, last year signed an agreement to jointly develop the field despite objections from Iran

Rival Palestinian factions form ‘reconciliation committee’

The reconciliation effort is designed to bridge the gap between the parallel governments of Hamas in the blockaded Gaza Strip...
  • Haniyeh earlier called on Abbas to end "security collaboration" with Israel and "political arrests", according to participants at the meeting
  • On Sunday, Haniyeh called for "the restructuring of the Palestine Liberation Organization", the umbrella institution promoting Palestinian statehood

Six killed in Palestinian refugee camp in Lebanon clash

The fighting between Fatah and Islamists in the camp, which erupted overnight and subsided by the evening, killed a Fatah...
  • Fatah in a statement confirmed the death of commander Ashraf al-Armouchi and four of his "comrades" during a "heinous operation"
  • The Palestinian presidency in a statement denounced the "heinous massacre and terrorist assassination" of the Fatah members

Iraq and Kuwait seek to solve contested border issue

The de facto land and maritime borders between the neighbouring states were established by the United Nations in 1993, three...
  • After meeting his Kuwaiti counterpart, Iraqi Minister said that during their talks "the emphasis was placed on resolving the border issues"
  • Iraqi Foreign Minister Fuad Hussein told reporters the border talks would "continue through various technical committees"

Not all ‘A’s: Unconventional paths that led to Nobels

Stockholm, Sweden -- Some Nobel laureates were straight-A students from the get-go. But others AFP spoke to recounted how they...

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Electric, hybrid and aerial to entirely transform city life: IIT Madras expert

Easier commutes with faster, quieter, and eco-friendly vehicles would reduce travel times significantly and reduce stress for urban residents, says...

Iran says response to Trump’s letter under ‘assessment’

Iran will conduct a "thorough assessment" before responding to US President Donald Trump's letter urging nuclear talks and warning of...

Egypt, Jordan, Hamas, PLO hail Trump remarks on not ‘expelling’ Palestinians from Gaza

It was not immediately clear whether Trump's comments signalled further backtracking from his widely criticised proposal to take over the...
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Arab ministers, US envoy discuss Gaza reconstruction amid ongoing ceasefire talks in Qatar

The plan by Muslim-majority nations has been rejected by both Israel and its key ally the United States, but has...
  • The 57-member Organization of Islamic Cooperation (OIC) formally adopted a plan put forward by the Arab League at an emergency meeting in Saudi Arabia
  • The Egyptian-spearheaded plan emerged as a proposal to rebuild the Gaza Strip under the future administration of the Palestinian Authority

US trading partners hit back on steel, aluminum tariffs

The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
  • Canada, which is heavily exposed to the US steel and aluminum levies, announced additional tariffs of CAN$29.8 billion ($20.7 billion) on US goods, coming into force Thursday.
  • Uncertainty over Trump's trade plans and worries that they could tip the world's biggest economy into a recession have roiled financial markets.

Hamas confirms Gaza truce talks in Doha as Yemen’s Huthis threaten Israeli shipping over aid block

The initial phase of the truce brokered by Qatar, Egypt and the United States began on January 19, and helped...
  • The first 42-day phase of the truce deal expired in early March without agreement on subsequent stages meant to secure a lasting end to the war
  • There are differing views on how to proceed, with Hamas seeking immediate negotiations for the next phase, while Israel wants to extend the first phase