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

Saudi Arabia summons Swedish ambassador over Quran burning

The kingdom had already condemned Wednesday's incident in which an Iraqi citizen living in Sweden stomped on the Muslim holy...
  • Momika's Quran burning triggered widespread anger among masses and strong reactions from Arab countries
  • The Organization of Islamic Cooperation has called for collective measures to avoid such incidents in future

PwC culls a raft of senior execs after Australian tax scandal

PwC Australia has been mired in controversy since January this year, when it emerged that staff had leaked information from...
  • Accounting giant PwC named eight partners who had "enabled poor behaviours to persist with no accountability" -- including former Australian chief executive Tom Seymour
  • Australian police have been investigating the leak since late May, while the parliament's powerful finance committee is gearing up to grill executives at a series of public hearing

Yellen to visit China, raising need to ‘responsibly manage’ ties

In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said...
  • Yellen is expected to discuss with her counterparts the importance for both countries to responsibly manage our relationship, communicate directly about areas of concern
  • Yellen's planned July 6-9 trip comes just weeks after Secretary of State Antony Blinken met China's top leader President Xi Jinping and Foreign Minister Qin Gang in Beijing

British lawmakers call for ‘fresh approaches” to seek Egyptian dissident’s release

London, United Kingdom--Over 100 British lawmakers on Monday expressed concern at the lack of progress in the case of a jailed...
  • Alaa Abdel Fattah, the rights campaigner, is serving a five-year prison sentence for "spreading false news" by sharing a Facebook post about police brutality
  • The lawmakers call for fresh "approaches" as in their opinion private lobbying of the Egyptian government even at the higest levels is yet to deliver results

Israeli army kills one Palestinian in West Bank: Palestinian health ministry

The city of Jenin and its adjacent refugee camp are a regular site of confrontations between Israeli forces and Palestinian...
  • Israeli army said its forces had struck a joint operations center, which it claimed served as a command post for the "Jenin Brigade", a local militant group
  • The army said the early Monday operation had targeted an "observation and reconnaissance" site, as well as a weapons storage facility

Dubai Customs, Japan seize drugs worth $310m from Tokyo port

DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700...
  • Up to 700 kilograms of "methamphetamine" powder, worth $310 million, were concealed within a cargo ship.
  • The successful operation led to the apprehension of both the cargo ship and the illegal drugs at Tokyo Port.

Hamas let Gaza residents pose with weapons at open exhibition

Exhibitions are also scheduled to take place on Saturday in the north and center of the Gaza Strip, where people...
  • Members of the Ezzedine al-Qassam Brigades mingled with young men and women at the exhibition in Gaza City's Unknown Soldier's Square
  • Among the Hamas weapons on display in Gaza City on Friday were a range of locally manufactured missiles, "Shihab" drones

Israel okays deal with Lockheed Martin to buy F-35 fighter jets

Israel has approved buying a third squadron of advanced F-35 fighter jets manufactured by Lockheed Martin in a $3-billion deal,...
  • In May 2018, Israel's military said it had become the first country to use F-35s in combat.
  • The deal to purchase 25 F-35 jets- expected to be signed in coming months - will expand the country's fleet of the aircraft to 75.

OIC calls for measures to prevent Quran burning incidents

The Saudi Arabia-based Organization of Islamic Cooperation called for collective measures to avoid future Quran burnings, days after a copy...
  • The OIC urged member states to "take unified and collective measures to prevent the recurrence of incidents of desecration of copies of the" Quran.
  • The burning of the holy book coincided with the start of the Eid al-Adha holiday and the end of the annual hajj pilgrimage in Saudi Arabia.

Hundreds more arrested in fifth night of French rioting

Protesters, mostly minors, have torched cars, damaged infrastructure and clashed with police in an outpouring of rage since an officer...
  • The interior ministry said police had made 719 arrests overnight -- still a provisional tally -- after around 1,300 the previous night.
  • Some 45,000 police had been deployed across France, the same number as the night before, and backup was dispatched to the previous days' flashpoints, including Lyon,

World’s highest bridge opens to traffic in China

Beijing, China -- The world's highest bridge opened to traffic in China on Sunday, state media said, capping an engineering...

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Art and culture retain power to humanize the Intelligent Age, says WEF’s Fowler

Davos, Switzerland -- In an age where artificial intelligence is reshaping our lives, the World Economic Forum's Arts and Culture...

UAE, France discuss bilateral ties, sign AI cooperation deal

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...

Israel orders army to prepare Gaza exodus plan as Trump rules out US troop deployment in the territory

Israel's Defence Minister Israel Katz ordered the military to prepare a plan for voluntary" departures from Gaza, saying Palestinians could...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi Arabia says no Israel normalization without Palestinian state

Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...
  • Both US President Donald Trump and his predecessor Joe Biden have backed Israel and Saudi Arabia having diplomatic relations
  • Riyadh paused tentative talks on the matter early in the Gaza conflict and hardened its rhetoric as the war continued

Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US

Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...
  • Trump first made the stunning proposal to audible gasps during a joint press conference with Netanyahu on Tuesday, whom he was hosting at the White House for talks
  • Suggesting "long-term ownership" by the US, Trump said he would make Gaza the Riviera of the Middle East, and that "this could be something that could be so magnificient".

West Bank’s Jenin camp going in ‘catastrophic direction’: UNRWA

The Israeli military launched a major offensive in the West Bank on January 21 aimed at rooting out Palestinian armed...
  • The operation has also seen troops levelling buildings in a refugee camp adjacent to Jenin, according to UNRWA spokeswoman Juliette Touma.
  • "Large parts of the camp were completely destroyed in a series of detonations by the Israeli forces. It is estimated that 100 houses were destroyed or heavily damaged," she said.