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

United Nations fails to agree on extending vital Syria aid lifeline

Russia vetoed a nine-month extension of the agreement allowing for the conduit during a vote at the UN headquarters in...
  • Many council members including the US, the UK and France have called for a full-year extension, but they backed a nine-month compromise proposed by Switzerland and Brazil.
  • The proposal was vetoed by Russia, however, whose six-month offer only secured China's support. US Ambassador Linda Thomas-Greenfield called the veto "an act of utter cruelty".

Cash-strapped Pakistan gets $2 billion deposit from Saudi Arabia

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of...
  • It brings state foreign reserves to a total of $6.5 billion, an almost 50 percent increase compared to last week's account balance.
  • Years of financial mismanagement have pushed Pakistan's economy to the limit, exacerbated by the Covid pandemic, a global energy crisis and record floods.

NATO to discuss Ukraine bid to join at summit

German Patriot missile systems and French fighter jets were guarding the skies as NATO leaders gathered in Lithuania, on NATO's...
  • Volodymyr Zelensky is expected to head to Vilnius for the two-day summit to make the case that Kyiv has earned the right to join when the Kremlin's invasion ends
  • The alliance will draw up a path of reforms that Ukraine will need to undertake in order to eventually join, but without giving a "timetable", White House official said

Libya court sentences 37 traffickers to prison over migrant deaths

A statement from the prosecution said that the appeals court pronounced the verdict against a "criminal gang" whose members organized...
  • According to the prosecutor's office, five of the guilty were sentenced to life in jail and nine other to 15 years
  • A United Nations report in March said that some migrants had been subjected to sexual slavery

Migrants stranded on Tunisia-Libya border moved: NGO

Racial tensions flared into violence against migrants from sub-Saharan African countries in Tunisia's port city of Sfax last week, with...
  • Refugees International said foreign nations should “suspend security assistance to Tunisia until further expulsions cease and the abuses are investigated"
  • Tunisia has seen a rise in racially motivated attacks after President Kais Saied in February accused "hordes" of undocumented migrants of bringing violence

Turkey unblocks Sweden NATO bid, setting stage for summit

Turkish President Recep Tayyip Erdogan's block on Sweden's membership bid had cast a cloud over preparations for Tuesday's meeting, but...
  • Erdogan on Monday upped the stakes, demanding that the European Union revive Turkey's stalled EU membership bid as a precondition for Sweden joining NATO
  • In a statement after the three-way talks between Erdogan, Kristersson and Stoltenberg, Sweden vowed to boost bilateral trade and anti-terrorism coordination

Israel parliament adopts key clause of controversial judicial overhaul

Tel Aviv, Israel - Israel's parliament adopted in a first reading a controversial bill that would limit court powers, in...
  • The changes, proposed by the hard-right government of Prime Minister Benjamin Netanyahu, have sparked one of the country's biggest ever protest movements
  • Tens of thousands of demonstrators have taken to the streets in weekly rallies, demanding a halt to the planned overhaul of Israel's justice system

GCC countries, Russia sign five-year joint action plan

The GCC countries and Russia have adopted a joint statement and a joint action plan for 2023-2028 following their meeting,...
  • Russia and the GCC countries, traditional US allies, sign a five-year cooperation agreement in a major policy shift
  • Arab countries are increasingly cosying up to the US archrivals such as China and Russia

‘Turkiye should not link joining EU to Sweden’s NATO entry’

The United States supports Turkey's bid to enter the European Union but does not believe Ankara should link that to...
  • Erdogan held talks with NATO Secretary General Jens Stoltenberg and Swedish PM Ulf Kristersson in Vilnius in a push to get Ankara to lift its year-long block on Stockholm.
  • Diplomats said that meeting was then put on hold while Erdogan sat down with European Council head Michel.

UN warns Sudan faces ‘full-scale civil war’ as air raid kills 22

The health ministry reported "22 dead and a large number of wounded among the civilians" from what it described as...
  • Around 3,000 people have been killed in the conflict, while survivors have reported a wave of sexual violence and witnesses have spoken of ethnically targeted killings
  • Egypt, a close ally of Burhan's, said it will host a summit of Sudan's neighbours on Thursday to seek an end to the conflict and its regional "repercussions"

Hamas urges Israel to halt strikes as it searches for two hostages

Hamas's armed wing urged the Israeli military to temporarily halt air strikes and withdraw from part of Gaza City on...

Company News

Latest News

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"...

Sisi discusses Middle East peace with World Jewish Congress chief

Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi told the head of the World Jewish Congress Ronald Lauder on Sunday that...

BRICS summit planned for July in Rio, says current chair Brazil

Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Three Gaza hostages set for release after ceasefire crisis abates

Jerusalem, Undefined - Israel said Friday it had received the names of three hostages to be freed by militants in exchange...
  • The hostages due for release Saturday are Israeli-American Sagui Dekel-Chen, Israeli-Russian Sasha Trupanov and Israeli-Argentinian Yair Horn
  • The January 19 ceasefire has been under massive strain since US President Donald Trump proposed a takeover of the territory

Saudi Arabia to host Arab summit on Trump’s Gaza plan, Egypt, Jordan, Qatar and the UAE to attend

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to...
  • Arab countries have come together in a rare united front, outraged by the idea of displacing the Palestinians en masse
  • For Palestinians, any forced displacement evokes memories of the mass displacement of their ancestors during Israel's creation in 1948

Hezbollah supporters protest banning Iranian planes from landing in Beirut

Beirut, Lebanon - Hezbollah supporters blocked the Beirut airport road and burned tyres on Thursday to protest a decision barring two...
  • Some of the young men raised Hezbollah's yellow flag and held pictures of Nasrallah, killed in an Israeli strike in September
  • Israel has repeatedly accused Hezbollah of using Lebanon's only airport to transfer weapons from Iran