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

HRW urges Tunisia to stop expelling African migrants to desert

Hundreds of migrants from sub-Saharan Africa have been left stranded in dire conditions in the south of Tunisia since being...
  • Sfax, the North African country's second-largest city, is a departure point for many hoping to reach Europe by sea.
  • Tunisian security forces have collectively expelled several hundred Black African migrants and asylum seekers, HRW said.

Iraq, GECF discuss role of oil, gas in country’s development

BAGHDAD, IRAQ -  Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Friday stressed the importance of...
  • The two discussed the oil and gas sector and stressed on the importance of supporting gas and renewable energy investment projects.
  • The two leaders discussed on the development of the oil and gas sector in Iraq and its role in the country's economy.

Kuwait has third largest millionaire population in world

Dubai, UAE -- Kuwait ranked third and Qatar 22nd on the list -- prepared by the World of Statistics --...
  • About 15 percent of Kuwaitis were millionaires, after Hong Kong's 15.3 percent and Switzerland, which had the highest number of millionaires (15.5 percent) in the world.
  • According to the World Wealth Report 2022, the average net worth of a millionaire in Kuwait is $2.9 million.

Iran summons UK envoy to protest new sanctions: state media

The new British sanctions regime will expand existing penalties imposed by creating new criteria under which individuals and entities can...
  • Foreign Secretary James Cleverly said sanctions against Iran over alleged human rights violations and hostile actions against its opponents on UK soil will expand
  • Iran's foreign ministry considered the statements and positions of the British authorities as well as the recent sanctions... as an illegal and interventionist action

Zelenskiy to visit Turkiye Friday for grain deal talks with Erdogan

Ankara, Turkiye - Ukrainian President Volodymyr Zelenskiy is set to visit Turkiye on Friday to discuss the Black Sea grain...
  • Turkiye and the UN brokered last year's deal, which allows for the export of grain and other agricultural products from Ukraine's Black Sea ports
  • But Russia, angry about aspects of its implementation, has threatened not to allow it further renewal beyond July 17

COP28 chair Sultan Al Jaber urges energy firms to cut emissions

Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the...
  • Jaber said the entire industry "should be aligned" to help the world meet the target of net-zero greenhouse gas emissions by 2050.
  • This includes not only international oil companies but also national state-controlled ones, Jaber told an OPEC seminar in Vienna.

World saw hottest June on record, Tuesday hottest day ever

Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood...
  • "The month was the warmest June globally at just over 0.5 degrees Celsius above the 1991-2020 average, said EU monitor Copernicus.
  • The tumbling records reflect the impact of global warming driven by greenhouse gases released from human activity.

Iraq join Egmont Group of financial intelligence units

BAGHDAD, IRAQ -   Iraq joined the Egmont Group of Financial Intelligence Units, the Supreme Judicial Council announced. "The efforts made...
  • The membership, "concerns the exchange of information between the financial investigation units for combating money laundering and financing terrorism."
  • Egmont Group provides support to member states by enhancing secure communication between financial investigation units

Operator of Titanic sub that imploded suspends all expeditions

The Titan sub was reported missing on June 18 and the US Coast Guard said on June 22 that the...
  • US-based OceanGate said on its website that it had "suspended all exploration and commercial operations" after the tragedy, in which company CEO Stockton Rush was among the dead.
  • Also on board were British explorer Hamish Harding, French submarine expert Paul-Henri Nargeolet, and Pakistani-British tycoon Shahzada Dawood and his son Suleman.

France unrest: Macron’s waning popularity could enable far-right surge

France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what...
  • France could very well walk into the embrace of far-right politics, if Macron doesn’t hew his governance closer to what French people had bargained for
  • Le Pen's party is already in line to take over from Macron in 2027. if the latter fails his promise in his second term also

Netanyahu to meet Trump as Israel faces isolation over Gaza war

The meeting comes days after Trump unveiled a 21-point plan aimed at ending the war in the Palestinian territory during...

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At least $53 billion needed to rebuild Gaza, UN estimates

United Nations, United States - More than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that...

Egypt to present ‘vision’ for Gaza reconstruction without displacement amid Trump threat to halt aid

The statement came a day after US President Donald Trump said he could "conceivably" halt aid to Egypt and Jordan...

Jordan king set for tense Trump talks as Gaza truce under strain

The talks come a day after Trump said he could "conceivably" halt billions of dollars in US aid to both...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Under US takeover plan, Palestinians will have no right of return to Gaza: Trump

Trump told Fox News Channel’s Bret Baier that "I would own it" and that there could be as many as...
  • Arab League chief Ahmed Aboul Gheit said on Sunday that the thinking behind Netanyahu's remarks "is unacceptable and reflects a complete detachment from reality"
  • The Saudi foreign ministry stressed its "categorical rejection to such statements that aim to divert attention from the continuous crimes in Gaza

Egypt to host emergency Arab summit on Palestinians: foreign ministry

Cairo, Egypt -- Egypt will host a summit of Arab nations on February 27 to discuss "the latest serious developments" concerning...
  • The "emergency Arab summit" comes as Egypt has been rallying regional support against US President Donald Trump's plan to relocate Palestinians from Gaza to Egypt and Jordan.
  • The remarks have prompted global backlash, and Arab countries have firmly rejected the proposal, insisting on an independent Palestinian state alongside Israel.

Israel orders negotiators to Doha after fifth hostage-captive swap completed under truce deal

Hamas official Bassem Naim warned that Israel’s "procrastination" in implementing the agreement could jeopardize the ceasefire, as negotiations began on...
  • Israel confirmed 73 hostages remain in Gaza, with 34 presumed dead
  • Hamas defended the hostages' condition, calling it "acceptable" under Gaza’s crisis