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

Japanese PM discusses clean energy cooperation with UAE ahead of COP28

As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
  • Japan aims to offer green and renewable energy technologies to assist Gulf states' decarbonisation efforts
  • The UAE-Japan Business Forum witnesses signing of 23 cooperation agreements and MoUs in various sectors

UN hands over boat for oil transfer from rusting Yemen tanker

Aboard Nautica , Yemen - The United Nations on Monday handed over a vessel that will take on board oil from...
  • The handover ceremony took place aboard the Nautica, which is being renamed the Yemen, in the presence of the country's Houthi authorities.
  • In the coming days, an operation is expected to begin pumping 1.14 million barrels of crude oil to the Nautica from the FSO Safer.

Millions will ‘pay the price’ of Russia’s grain deal exit: UN chief

The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people...
  • Earlier, the Kremlin said that as "soon as the Russian part (of the agreements) are fulfilled, the Russian side will immediately return to the grain deal".
  • Ukraine President Volodymyr Zelensky said his country was prepared to keep exporting grain via the Black Sea despite Russia's exit from the deal.

Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...
  • Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.
  • The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.

Dubai posts 44 percent growth in business event bid wins in H1 2023

DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...
  • Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.
  • These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

Global debt dominates as G20 finance chiefs meet in India

Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...
  • Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said
  • A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

Libya border guards rescue migrants in desert near Tunisia

Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand...
  • Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax
  • Hundreds of migrants fled or were forced out of Sfax after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants

War-scarred Sudan refugees face soaring rent prices in Cairo

As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...
  • Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet
  • New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo

Towards the next 50 years between Japan and UAE

"In education, Japan is working to promote study exchanges and internships for Emirati students and young professionals. Japan continues to...
  • Japan has contributed significantly to the development of the UAE's oil industries and infrastructure since the 1960s, writes Japanese Prime Minister Fumio Kishida
  • Cooperation between Japan and the UAE spans sectors such as climate change, education, science and technology, space, and defense, the Japanese PM points out

Tunisia and EU sign ‘strategic’ deal on economy, migration

The deal between the two countries will include partnership on irregular migration, economic development and renewable energy. Tunisia has been...
  • European Commission President Ursula von der Leyen said Sunday's accord aims to "invest in shared prosperity"
  • The International Organization for Migration has said 2,406 migrants died or disappeared in the Mediterranean in 2022

Yemen’s Huthis take responsibility for attack on Dutch cargo ship

Sana, Yemen - Yemen's Huthi rebels claimed responsibility on Wednesday for an attack on a Dutch cargo ship this week...

Company News

Latest News

Two lunar landings in a week for NASA’s private Moon fleet

Washington, United States -- More than fifty years passed between the last Apollo mission and the United States' return to...

Europe backs Zelensky after White House showdown with Trump

German Foreign Minister Annalena Baerbock said the "unspeakable" row "underlined that a new age of infamy has begun". Friedrich Merz,...

Trump and Zelensky clash in heated Oval Office meeting over Ukraine peace deal

During a tense meeting at the White House, Trump and Zelensky argued over the war with Russia, with Trump accusing...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hamas, Israel prisoner swap advances as talks for ceasefire’s next phase loom

Israeli authorities received four hostage bodies from Hamas, while Palestinian prisoners were welcomed in Ramallah, as ceasefire negotiations involving Egypt,...
  • The office of Prime Minister Benjamin Netanyahu confirmed they had received the coffins of "four fallen hostages", and a process to formally identify them had started in Israel
  • The ceasefire has largely halted the war sparked by Hamas's October 7, 2023 attack on Israel, and seen 25 hostages released alive so far in exchange for more than 1,100 prisoners

Clip of Gaza as seaside resort posted on Trump social media accounts

The video, which racked up more than 15 million views on Instagram and was shared thousands of times on Trump's...
  • The 33-second clip remained on Trump's accounts without denial or retraction hours after the initial posting.
  • Trump has floated the idea of a US takeover of Gaza under which its Palestinian population would be relocated -- a proposal met with global condemnation.

Deal restored: Hamas, Israel finalize exchange of Palestinian prisoners for bodies of Israeli hostages

Mediators have revived a deal for Israel to release Palestinian prisoners in exchange for the bodies of four Israeli hostages,...
  • Palestinian militant group Hamas confirmed the agreement, under Egyptian supervision, saying it was part of the first phase of its ceasefire deal with Israel
  • On Sunday, Hamas accused Israel of endangering the five-week-old Gaza truce by delaying the release of 600 Palestinian prisoners