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

Qatar pledges $100m for humanitarian assistance to Ukraine

Kyiv, Ukraine - Qatar has pledged $100 million for humanitarian assistance in Ukraine. The funds were meant the rehabilitation of...
  • Ukrainian prime minister Shmyhal said that the money will be used for reconstruction in the health and education sectors, and other important humanitarian projects
  • Qatar prime minister Jassim Al-Thani reiterated the importance of respecting the sovereignty of Ukraine and its territorial integrity within its internationally recognized borders

Turkiye will accelerate ongoing defense projects: Erdogan

Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip...
  • Speaking at International Defense Industry Fair in Istanbul, Erdogan said the prototypes will be tested for domestic use and exports
  • Turkish president said the country's advanced fighter jet Kaan,will make its maiden flight by the end of this year

Aramco, 5 local firms to jointly work on project in Pakistan

ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...
  • The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.
  • The government of Pakistan has already approved a refinery policy for new projects in the country.

Egypt calls for renewal of Black Sea grain export deal

MOSCOW, RUSSIA -  Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...
  • Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.
  • Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.

Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's...
  • Turkey, who lost out to Germany for Euro 2024, entered the process for both editions, while Italy decided to bid only for 2032.
  • In 2021, UEFA initiated a bidding process for the hosting of two editions of its European Championship, in 2028 and 2032.

Tabreed H1 23 net profit $105m

New customers and projects were added in H1 2023.
  • In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
  • Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.

G20 environment ministers race to reach climate consensus

Most delegations were led by their environment and climate change ministers, while the US delegation was headed by Special Presidential Envoy...
  • Any agreements reached at the one-day conference in Chennai will be signed by the leaders of G20 nations during a summit in New Delhi this September
  • The meeting comes only days after the group's energy ministers were criticised for failing to agree on a roadmap to cut fossil fuels from the global energy mix

Saudi summons Danish diplomat to protest Quran burning

During the meeting on Thursday with the Danish charge d'affaires, foreign ministry officials delivered a protest note urging an end...
  • The far-right group Danske Patrioter on Monday posted a video in which a man is seen desecrating and burning what appeared to be the Muslim holy book.
  • Saudi Arabia has also denounced protests by a Sweden-based Iraqi refugee who last month burned pages of the Quran outside Stockholm's main mosque.

Biden pursuing Middle East peace deal anchored in Saudi-Israel normalization: report

As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the...
  • As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the Palestinians
  • Biden has dispatched his national security adviser, Jake Sullivan, and Middle East policy official, Brett McGurk, to Saudi Arabia to engage in exploratory talks

Trade between Russia and Africa totaled $18 bn in 2022: Putin

Moscow, Russia - Trade turnover between Russia and Africa reached $18 billion in 2022, which is one of the results...
  • Last year Russia’s trade with African countries in agricultural products increased by 10 percent to $6.7 billion
  • Russia exported 11.5mt of grain to Africa in 2022, and almost 10mt in the first six months of 2023

Putin vows ‘significant’ response to ‘Europe’s militarisation’

Russian President Vladimir Putin on Thursday promised a "significant" response to "Europe's militarisation", as he addressed a foreign policy forum...

Company News

Latest News

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...

Syrian presidency announces agreement to integrate Kurdish institutions

The Syrian presidency announced on Monday an agreement with the head of the Kurdish-dominated Syrian Democratic Forces (SDF) to integrate...

Jeddah Talks: Ukraine accepts US proposal of 30-day ceasefire with Russia

The positive response from Ukraine prompted President Donald Trump's administration to lift a freeze on military aid and to predict...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas pushes for phase two of Gaza truce talks

Hamas said its representatives met with mediators in Cairo at the weekend, emphasizing the need for humanitarian aid to re-enter...
  • The high-level delegation also stressed the need for "moving directly to begin negotiations for the second phase" of the deal, which will lay the groundwork for a ceasefire.
  • Hamas's demands for the second phase include a full Israeli withdrawal from Gaza, an end to the blockade, the reconstruction of the territory and financial support.

Muslim nations meet in Jeddah to unite against Trump’s controversial Gaza takeover proposal.

Trump's plan has already united Arab countries in opposition, with Saudi Arabia also hosting Arab leaders two weeks ago to...
  • At Tuesday's summit in Cairo, Arab leaders backed the proposal to rebuild the Gaza Strip under the future administration of the Palestinian Authority
  • However, the plan, which does not outline a role for Hamas, which controls Gaza, was rejected by both the United States and Israel

Ukraine, US delegations to meet in Jeddah next week: Saudi

Riyadh, Saudi Arabia -- Saudi Arabia on Friday welcomed a meeting between the United States and Ukraine due next week...
  • Saudi Arabia last month hosted a Russian-American meeting -- the first high-level talks between the two governments since the Ukraine war began in 2022.
  • Relations between the US and Ukraine have rapidly deteriorated after an explosive meeting at the White House led to Washington cutting off military aid and intelligence sharing.