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

UAE discusses tourism with India, UK, Indonesia and Japan

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri...
  • The UAE is keen on developing tourism ties with countries and building partnerships in fields that supports economic, social growth and prosperity.
  • The UAE had adopted a forward-looking vision to develop a distinguished tourism sector at the regional and global levels.

Protesters demand ‘justice’ on anniversary of Spain-Morocco border crush

Activist Quinndy Akeju said many families "had not yet identified or buried their dead" after some 2,000 migrants -- many...
  • The "marches for justice", organised by rights groups, denounced what they said was the authorities' refusal to investigate the causes of the incident
  • Amnesty international and other rights groups say at least 37 people were killed on 24 June, 2022, with another 76 migrants still missing

Russian security crisis eases as Wagner forces leave Russia

Wagner fighters, who had launched a mutiny to overthrow Russia's military leadership, are reported to be leaving the Voronezh region...
  • Kremlin announces the end of the mutiny after Wagner chief agrees to exile in Belarus
  • The deal averts immediate assault on Moscow but highlights vulnerabilities in Putin's rule

US spy agencies detected early signs of Russia revolt, say media reports

According to the US media reports, intelligence officials conducted briefings at the White House, the Pentagon and on Capitol Hill...
  • Spy agencies first began tracking indications that Prigozhin and his Wagner mercenary force intended to move against the Russian military leadership in mid-June
  • As US intelligence officials pinned down information that Prigozhin was preparing military action, they grew concerned about chaos in a country with a powerful nuclear arsenal

Greeks head to polls with conservative premier favorite to win

The 55-year-old Harvard graduate, who steered Greece from the coronavirus pandemic back to two consecutive years of strong growth, had...
  • Polling stations opened for the second round of general elections in five weeks at 7:00 am (0400 GMT) while the first exit polls are expected at 7:00 pm when polls close
  • As election rules this time round would accord up to 50 bonus seats to the winner of the vote, Mitsotakis's New Democracy party is widely projected to emerge victorious

Libya’s east-based government threatens to block oil exports

Libya's internal turmoil may worsen with the head of the country's east-based administration threatening to block oil and gas exports...
  • Hamad also said that he had "frozen" 2022 oil revenues "equivalent to more than 130 billion dinars" (around $27 billion) as a first step
  • He accused the government in Tripoli of squandering energy revenues by making "extravagant spending", without elaborating

Kuwait, UN sign MoU to enhance cooperation in counter terrorism

NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
  • A training program for Kuwaitis and the establishment of special workshops in the field of combating terrorism was discussed.
  • The country has tried to strengthen global partnerships in combating terrorism, Kuwait's assistant minister said.

Rebels seize military base, pose serious challenge to Putin’s rule

Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security...
  • Counter-terrorist operation initiated to halt their advance towards Moscow
  • Wagner force moves through Lipetsk region; civilians urged to stay home

Putin slams ‘treason’ as forces tackle Wagner revolt

After Putin's speech accusing him of treason, Prigozhin launched a second broadside. "On treason of the motherland: the president is...
  • The rapidly escalating events mark the most serious challenge to the Kremlin chief's long rule, and Russia's most serious security crisis since the strongman came to power in l999
  • Wagner chief Yevgeny Prigozhin, once a close Putin ally, said his troops had taken control of the military command centre and bases in the southern city of Rostov-on-Don

Iran dismisses US claims on Russia’s use of Shahed drones in Ukraine war

Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about...
  • Iran's mission to the UN said that claims are made to influene the UN head's report on the implementation of Security Council Resolution 2231
  • US ambassador to the UN Linda Thomas Greenfiled claimed in a joint statement at the Security Council Stakeout that Iran and Russia were boosting military ties

Tehran, Moscow sign $25 bn deal to build nuclear plants in Iran: state media

Tehran, Iran -- Iran and Russia signed a $25 billion deal to build nuclear power plants in the Islamic republic,...

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UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage

Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...

Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities

Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...

Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace

The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...
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INSEAD Day 4- 300x600

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Joint Operations Room set up in Cairo to oversee Gaza ceasefire implementation

Cairo, Egypt - A joint operations room has been established in Cairo to oversee the implementation of the Gaza Strip...
  • The room, comprising representatives from Egypt, Palestine, Qatar, the US, and Israel, aims to ensure collaborative efforts and consistent adherence to the agreement's provisions
  • This agreement, the source noted, represents a significant step towards preventing further escalation and fostering long-term stability in the Gaza Strip

Israel, Hamas ceasefire begins Sunday, includes hostage deal, phased Israeli withdrawal, more aid for Gaza

The deal, brokered by the U.S., Egypt, and Qatar, includes Hamas releasing 33 hostages and Israel freeing hundreds of Palestinian...
  • The deal includes release of 33 Israeli hostages, including women, children, and the elderly, and, in return, Israel will release hundreds of Palestinian captives
  • The deal also allows for a dramatic increase in humanitarian aid to Gaza, with over 500 trucks of food, water, and medical supplies expected to enter the region daily

Syria, Iran, Saudi Arabia, and Palestine test Washington’s strategy under Trump leadership

The Trump administration faces a Middle East shaped by shifting alliances, unresolved conflicts, and evolving regional priorities, demanding a measured...
  • Iran’s diminished influence in the region presents a potential opening for U.S. diplomacy, but Gause warns against the pitfalls of an aggressive regime-change agenda
  • Saudi Arabia’s regional strategy has undergone a significant transformation under Crown Prince Mohammed bin Salman, driven by the economic ambitions of Vision 2030