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

UN identifies 158 firms linked to Israeli settlements

While several companies including Alstom and Opodo had been removed from the non-exhaustive database, major firms such as Airbnb, Booking.com,...

Israel acknowledges failure to prevent attack on Palestinians

In a rare acknowledgment, the Israeli army said that it "failed" to prevent an attack by Jewish settlers on a...
  • The Israeli army spokesman said troops sought to stop Israelis from attacking Turmus Ayya but they were stretched too thin
  • Taking a strong note of the attack, the EU's top representative to the Palestinians said Israel had failed to meet its obligations to protect Palestinians

Morocco puts off meeting of Arab allies of Israel due to West Bank violence

With violence escalating between Palestinians and Israelis, Morocco has postponed a meeting of Arab allies of Israel it was due...
  • Top diplomats from Bahrain, Egypt and the UAE as well as Morocco joined last year's meeting with the Israeli foreign minister
  • The country normalized its relations with Israel more than two years back as part of a deal with the US to recognize its annexation of Western Sahara

UN convoy crosses from Syria regime areas to rebel-held Idlib

The 10-truck convoy reach rebel-held Al-Nayrab in Idlib province from the direction of regime-held Saraqib, headed for storage facilities near...
  • A February 6 earthquake devastated parts of Turkey and Syria, including areas of the war-torn country's Idlib region that are controlled by Hayat Tahrir al-Sham.
  • The UN largely delivers relief to Syria's northwest via neighboring Turkey through the Bab al-Hawa crossing -- the only way for aid to enter without Damascus's involvement.

Oman seizes 6 million captagon pills, arrests members of smuggling network

MUSCAT, OMAN - Oman announced the seizure of over six million captagon pills during a bust aided by Saudi Arabia that...
  • Omani authorities did not specify the intended destination of the drug shipment, but neighboring Saudi Arabia is believed to be the largest market for the drug.
  • The vast majority of the region's captagon is produced in Syria and Lebanon and smuggled to its main consumer market in the Gulf.

French envoy meets key Lebanese players on ‘consultative’ mission

Mired in a crippling economic crisis since 2019, Lebanon has been governed by a caretaker cabinet for more than a...
  • "This is a consultative mission... to ensure the country moves on from the political impasse," French special envoy Jean-Yves Le Drian told reporters.
  • He said he was holding "the necessary talks with all players in order to immediately end the political deadlock".

AD Ports Group signs 50-year pact with Karachi Port Trust for container terminal

ABU DHABI, UAE/ KARACHI, PAKISTAN -  AD Ports Group announced on Thursday the signing of a concession agreement with Karachi...
  • Under the terms of the 50-year concession agreement, a Joint Venture has been formed to manage, operate and develop the Karachi Gateway Terminal Limited.
  • The JV will undertake significant investments in infrastructure and superstructure over the next 10 years, with the bulk of it planned for 2026.

French advanced ship to search for missing submersible

The Atalante has begun using its multibeam echo sounder to create a map of the nearby seabed to "allow Victor...
  • With just hours of oxygen believed to be left for the five people onboard the submersible Titan, the Atalante ship has begun operations at the scene.
  • The Titanic wreck sits at a depth of 3,800 meters, making it a particularly difficult area to search -- or reach for a potential rescue mission.

Iran foreign minister rounds out Gulf tour with UAE visit

Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of...
  • Gulf Arab countries are seeking to ease tensions with Iran, fuelled in recent years by the conflicts in Yemen and Syria.
  • In a dramatic shift, China brokered an agreement in March between Iran and Saudi Arabia to restore ties after a years-long rupture.

Conflicts, climate change add to humanitarian crisis

More than 110 million people have been forced from their homes, while more than 260 million face daily difficulties getting...
  • Worldwide demand for humanitarian aid rises by 30 percent since early 2022
  • Over 110 million people displaced and 260 million face daily food insecurity

UAE and France to deepen partnership in several sectors

Dubai, UAE-- The UAE and France have reiterated their commitment to widening cooperation in important fields and sectors. The resolve...
  • The two sides reviewed the status of the bilateral investment partnerships signed in December 2021 and praised Etihad Rail's collaboration with French companies
  • In the energy sector both noted with satisfaction the continuing engagement under the Comprehensive Strategic Energy Partnership to deepen bilateral cooperation

UN identifies 158 firms linked to Israeli settlements

While several companies including Alstom and Opodo had been removed from the non-exhaustive database, major firms such as Airbnb, Booking.com,...

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Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace

As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UAE discusses temporary Gaza governance with US, Israel, seeks two-state solution assurance: report

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence...
  • According to sources familiar with the talks, the discussions include the UAE, the US, and other nations overseeing governance, security, and reconstruction of Gaza
  • Israeli Prime Minister Benjamin Netanyahu had suggested that the UAE, Saudi Arabia, and other nations could assist in governing Gaza after the war

In a change of tone, Syria’s new leader urges US to pressure Israel for withdrawal

Julani’s appeal comes as Syria signals a shift in its diplomatic tone. Maher Marwan, Damascus’ new governor, told NPR that...
  • The report, published by Kan 11, said that Israeli authorities have denied receiving any formal communication on the matter
  • A senior security official has stated that Israel "will not compromise its security" in response to the alleged request

US proposes $8B arms deal with Israel; Biden plans strikes on Houthis as Gaza aid faces Trump-era cuts

The US proposes an $8 billion arms deal with Israel, plans intensified strikes on Yemen's Houthis, while Israel considers cutting...
  • According to sources cited by Axios, the arms deal requires formal approval from both the House and Senate committees
  • A US official emphasized that the arms sale aligns with the administration’s commitment to Israel's security