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

Damascus conditions for cross-border aid ‘unacceptable’: UN

A letter this week from Syrian authorities allowing use of the border crossing between Turkey and Syria "contains two unacceptable...
  • OCHA said it was concerned that the Syrian government had "stressed that the United Nations should not communicate with entities designated as 'terrorist'
  • The second condition it bridled at was that ICRC and Syrian Arab Red Crescent should "supervise and facilitate the distribution of humanitarian aid" in northwest Syria

India launches an unmanned spacecraft to land on Moon

India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...
  • "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.
  • The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

UN says over 165m people fell into poverty in 3 years of crisis

UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...
  • The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
  • Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.

Sudan summit pleads for peace as UN reports mass grave in Darfur

Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an...
  • The war between rival generals in Sudan has left nearly 3,000 people dead and millions homeless
  • Many of Sudan's neighbors fear a spillover of the conflict into their countries, escalating the crisis

Egypt, Ethiopia to finalize deal on Nile dam in four months

The two countries resolved to finalize a deal over Ethiopia's big dam on the Blue Nile in four months, a...
  • The two leaders, according to a joint statement, "discussed ways of overcoming the current stalemate in negotiations"
  • Egypt sees the dam as an existential threat as it depends on the Nile for 97 percent of its water requirements

Chinese hackers breach mail accounts of US agencies: Microsoft

Microsoft did not identify the targets but a US State Department spokesperson said the department had "detected anomalous activity" and...
  • "The threat actor Microsoft links to this incident is an adversary based in China that Microsoft calls Storm-0558," the company said
  • Microsoft said Storm-0558 gained access to email accounts at approximately 25 organizations including government agencies

Tunisia protestors demand jailed opposition figures be freed

Around 100 protesters rallied in Tunisia's capital to demand freedom for detained critics of President Kais Saied who has ruled...
  • In addition to the crisis triggered by President Saied's power grab, Tunisia has been shaken by a serious financial crunch and is in search of foreign aid.
  • European parliamentarians expressed their opposition to any "unconditional agreement" between the EU and Tunisia, citing "the excesses" of Saied.

Climate summit needs private sector to succeed: Sultan Al Jaber

We cannot shut down the energy system of today before we build the new energy system of tomorrow that is...
  • The phase down of fossil fuels is both "inevitable" and "essential", he said, mindful of calls by some countries for a decision at COP28 to phase out fossil fuels.
  • But "I don't have a magic (wand)" as to when that will happen, he told AFP in Brussels, after outlining his action plan and goals for the year-end summit.

Israeli fire wounds Hezbollah members near Lebanon-Israel border: security source

The Israeli army said in a statement that "a number of suspects approached the northern security fence with Lebanon and...
  • The incident comes amid tensions along the Israel-Lebanon border area, a stronghold of the Shiite movement and the site of sporadic skirmishes
  • Sources said Hezbollah members had been wounded. One said a sound grenade was fired and that three members were "lightly" hurt

Egypt hosts regional meeting in push to resolve Sudan war

The Egyptian presidency said the meeting in Cairo will be attended by representatives of "Sudan's neighboring countries", but has not...
  • Egyptian President and Ethiopian PM Abiy Ahmed "discussed ways to settle the crisis in Sudan", Sisi's spokesman announced late Wednesday
  • The talks aim to "stop the bloodshed of the Sudanese people" and the "negative repercussions on neighbouring countries", Cairo said

Netanyahu apologizes to Qatar, promises no new strike, US says

Israeli Prime Minister Benjamin Netanyahu, calling Qatar's prime minister from the White House on Monday, apologized for strikes against Hamas...

Company News

Latest News

Iran’s Khamenei: US plan to displace Gazans ‘will go nowhere’

Tehran, Iran - Iran's supreme leader Ayatollah Ali Khamenei on Tuesday dismissed a proposal by the United States to displace Palestinians...

More than one million Syrians return to their homes: United Nations

Geneva, Switzerland -- More than one million people have returned to their homes in Syria after the overthrow of Bashar al-Assad,...

Israel army pulls out of Lebanon border villages, holds five positions: source

Israel's army has pulled out of southern Lebanese villages but remains in five positions as a deadline for the withdrawal...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi Arabia’s sports fund invests in DAZN streaming service

Paris, France - Saudi Arabian sports investment fund SURJ, linked to the kingdom's sovereign wealth fund, has acquired a minority stake...
  • SURJ, originally named SRJ, was established in August 2024 by Saudi Arabia's Public Investment Fund (PIF) "to invest in acquiring and creating new sports events
  • SURJ and DAZN will work closely to establish DAZN MENA, a joint venture that will unlock new broadcasting opportunities for Saudi Arabia's growing sports sector

War-weary Gazans reel from ‘500 days of humiliation’

Gaza City, Palestinian Territories -- For 500 days since an unprecedented Hamas attack on Israel triggered the Gaza Strip's deadliest war,...
  • The United Nations has said more than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that has gripped the territory.
  • The Israeli military campaign by land, air and sea has killed at least 48,284 people in Gaza, the majority of them civilians.

Netanyahu and Rubio align on aggressive strategies toward Hamas and Iran in Jerusalem talks.

US Secretary of State Marco Rubio and Israeli Prime Minister Benjamin Netanyahu have pledged to "open the gates of hell"...
  • The pledges came during a joint address to reporters in Jerusalem, where Rubio began his first Middle East trip as secretary of state in President Donald Trump's new administration
  • "Hamas cannot continue as a military or a government force... they must be eliminated," Rubio said of the Palestinian group that fought Israel for more than 15 months