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

Ghosn sues Nissan for $1 bn over ouster: Lebanese judicial official

Ghosn, the former chairman and chief executive of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in November 2018 on suspicion of...
  • He jumped bail late the next year and made a dramatic escape from Japan hidden in an audio-equipment box, landing in Beirut, where he remains an international fugitive.
  • The judge has scheduled a court session for mid-September that the defendants or their lawyers, whether Japanese or Lebanese, should attend, the judicial official said.

Riyadh faces Rome and Busan in race to host World Expo 2030

Paris. France -- The candidature of Saudi Arabia (for Riyadh), South Korea (Busan) and Italy (Rome) for World Expo 2030...
  • At the 172nd General Assembly of the BIE, Member States were presented with the findings of Enquiry Missions carried out by the BIE to assess the candidature projects for Expo2030.
  • Riyadh's bid for Expo between 1 October 2030 and 31 March 2031 is under the theme “The Era of Change: Together for a Foresighted Tomorrow”.

Saudi Arabia unveils Expo 2030 plans at BIE Assembly

The Kingdom emphasizes the Riyadh Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects.
  • The Gulf nation emphasized the Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects
  • Riyadh has already begun expanding its infrastructure in preparation for hosting the Expo, says Royal Commission of Riyadh CEO

Exiled Iranian opposition outraged after Paris police block proposed rally

PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for...
  • The National Council of Resistance of Iran, which calls for the overthrow of Iran's clerical leadership, asked permission for the rally in Paris on July 1,
  • The NCRI claimed that Paris was giving into pressure from Tehran as France was concerned over the fate of four French nationals held by Iran.

US supports China’s bid to advance Middle East peace

Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...
  • Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner
  • On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions

Rescue teams search for missing submersible near Titanic wreck

One of those on board, according to his aviation company, is British businessman, 58-year-old Hamish Harding is the chairman of...
  • Prominent Pakistani businessman Shahzada Dawood, who is vice-chairman of the conglomerate Engro, and his son Suleman were also on board, a family statement said.
  • "Due to the worst winter in Newfoundland in 40 years, this mission is likely to be the first and only manned mission to the Titanic in 2023," Harding wrote Sunday.

Kuwait crown prince exhorts new MPs to focus on reforms

Kuwait City, Kuwait-- Kuwait's Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah urged parliament members to focus on reforms "for the...
  • The crown prince in his address to parliament urged MPs to concentrated on reforms in a new phase full of aspirations and hopes to achieve a prosperous future
  • Noting with pride how the world was praising the democratic practices in Kuwait, he called on MPs to cooperate with the government in order to address all sources of tension

Iran blames US, France and many others for fomenting Amini protests

Kazemi alleged that the United States, the United Kingdom, France, Germany, Canada, Belgium, Italy and Iran's arch-foe Israel were among...
  • Many of the countries Kazemi has listed had publicly expressed their support for the protests and imposed sanctions against Iran
  • Britain, the US and the European Union have imposed several rounds of sanctions on Iran over its response to the protest movement

Iran’s foreign minister arrives in Qatar to boost ties

Tehran, Iran-- Looking to give a further boost to the relations between the two countries, Iran's Foreign Minister Hossein Amir-Abdollahian...
  • The foreign minister in a tweet said that his visits to Qatar and Oman will look to promote relations and follow up on the agreements reached between officials
  • His visit to Qatar follows a trip by Iran's central bank governor to Doha, who reviewed banking and economic cooperation with Qatari officials

France to provide Tunisia with financial aid to curb migrant flows

The financial assistance would allow Tunisia to "acquire the necessary equipment and organize useful training, in particular for Tunisian police...
  • French Interior Minister Gerald Darmanin announced the "bilateral aid of 25.8 million dedicated to migration issues" during a visit to Tunis
  • During a meeting with Darmanin and German Interior Minister, Tunisian President warned that Tunisia will not "guard borders other than its own"

Palestinian leader Mahmud Abbas tells UN no role for Hamas in state

Abbas, who addressed UN General Assembly by video after the US took the unusual step of denying him a visa...

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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...

Palestinian Authority suspends Al Jazeera broadcasts

The Palestinian Authority on Wednesday ordered the suspension of broadcasts by Qatar-based Al Jazeera across the Palestinian territories, accusing the...

‘Numb’ New Orleans grapples with horror of deadly truck attack

New Orleans, United States - The celebratory atmosphere of Bourbon Street in New Orleans, long an American byword for indulgence and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN: Israel’s strikes on Gaza hospitals may constitute war crimes, urges independent probe

The UN's 23-page report, "Attacks on Hospitals During the Escalation of Hostilities in Gaza," documented 136 strikes on 27 hospitals...
  • The world body's 23-page report, entitled "Attacks on hospitals during the escalation of hostilities in Gaza", looked at the period from October 7, 2023 to June 30, 2024
  • The report said attacks on hospitals typically involved missile strikes on hospital buildings, the destruction of facilities, shooting of civilians, and sieges.

South Korea’s Yoon: from star prosecutor to president facing arrest

Yoon is under investigation for his martial law declaration and faces criminal charges of insurrection, which could result in life...
  • Investigators sought an arrest warrant against Yoon which a court issued on Tuesday.
  • If arrested, Yoon would become the first S.Korean president detained before impeachment procedures

UN experts demand Israel face consequences for alleged Gaza war crimes and genocide claims

The experts called for urgent, independent and thorough investigations into alleged serious violations of international law, saying Israel's continued impunity...
  • Israel's retaliatory military campaign has killed more than 45,500 people in Gaza, a majority of them civilians
  • The experts highlighted alleged crimes against humanity committed by Israel "including murder, torture, sexual violence.'