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

Time won’t strip Palestinians of right to return

"While commemorating 75 years since the crisis, we remember with sorrow the crime against humanity the Palestinian people faced in...
  • Kuwait's UN Ambassador Tariq Al-Bannai underscores Palestinians' right to return to their homeland during a UNRWA meeting
  • Al-Bannai recalls the crisis of 1948, terming it a crime against humanity, leading to displacement of hundreds of thousands of Palestinians.

Cabinet lineup unveiled as Erdogan starts third term as Turkish president

Recep Tayyip Erdogan has begun his third term as Turkish president, vowing to serve "impartially". Despite an economic crisis and...
  • Erdogan names Mehmet Simsek as the finance minister and Hakan Fidan as the foreign minister
  • The Turkish leader pledges to serve 'impartially' and to uphold the secular principles of the republic

Three Israeli, Egyptian dead in cross border firing

Three Israeli soldiers and a member of Egypt's security forces were killed in a rare exchange of fire near the...
  • An army statement identified the assailant as an Egyptian policeman, saying he was killed by Israeli troops after being found "in Israeli territory".
  • Hours before the deadly shooting, Israeli soldiers had foiled an attempted drug smuggling operation at the border, seizing contraband goods.

EU bicycle exports surged to US$1.1bn in 2022

BRUSSELS, BELGIUM -  The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...
  • The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.
  • The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.

Dane, two Austrian-Iranian citizens released by Tehran arrive home

One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in...
  • Belgian Foreign Minister Hadja Lahbib welcomed them at the airport along with Danish and Austrian diplomats.
  • The trio's release, as well as that of a Belgian aid worker a week earlier, were part of a prisoner swap.

Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition

Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional...
  • The move reflects the region's understanding of the need for synergy and cooperation in establishing security
  • Iran, Russia, and China's annual naval exercises pointed to as a model for this regional coalition

Erdogan commences third term today amid economic crisis, West tensions

Turkey's Recep Tayyip Erdogan has been sworn in for a third term as president, promising to serve "impartially" after winning...
  • Despite the devastating February earthquake and economic crisis, Erdogan secures 52.18 percent of the vote
  • Erdogan's economic policy, including his unconventional approach to interest rates, is under scrutiny

Human fraternity, climate change among top priorities for UAE as president of UNSC

The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on...
  • The UAE will host three high-level Council meetings in June, aiming to promote interfaith dialogue, address climate change impacts on worldwide conflicts
  • The UAE also seeks to host a high-level briefing on cooperation between the UN and the League of Arab States will take place on June 8

Saudi Foreign Minister meets with Iranian counterpart on BRICS sidelines

Cape Town, South Africa -- Saudi Arabia Minister of Foreign Affairs, Prince Faisal bin Farhan bin Abdullah, met Friday with...
  • The two ministers reviewed bilateral relations in various fields, in addition to following up the steps to implement the agreement between the two countries signed in Beijing
  • Iran, Saudi Arabia and the United Arab Emirates foreign ministers attended the BRICS meeting in South Africa this week, as the bloc seeks to expand its membership

US secretary of state Antony Blinken to visit Saudi Arabia

Blinken's June 6-8 trip comes as both the United States and Saudi Arabia are seeking to broker a durable cease...
  • He will participate in a ministerial meeting on Wednesday with the Gulf Cooperation Council, and on Thursday in a meeting in Riyadh of the coalition of countries fighting the ISIS.
  • Blinken's trip follows a recent visit to Saudi Arabia by White House National Security Advisor Jake Sullivan and nearly a year after President Joe Biden visited the country.

Embattled Turkey opposition re-elects leader at party congress

Turkey's main opposition CHP re-elected its leader Ozgur Ozel at an extraordinary congress Sunday as the party fights off a...

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South Korean president clings to power after martial law U-turn

South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an...

Iran says ready to study any Syrian request for troops

Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive...

Lebanon says nine killed in Israeli strikes on southern villages

Many strikes on villages in southern Lebanon on Monday, after Israel said it was taking aim at dozens of Hezbollah...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US President Biden pardons son Hunter before White House exit

Washington D.C. -- US President Joe Biden on Sunday issued an official pardon for his son Hunter, who is facing...
  • Hunter Biden was convicted earlier this year of lying about his drug use when he bought a gun - a felony
  • Bill Clinton pardoned his half-brother for cocaine charges and Trump pardoned the father of his son-in-law for tax evasion

Bashar Al Assad of Syria seeks support from allies as extremist rebels take over key city of Aleppo

Extremist-dominated rebel alliance, including ISIS supporters, runs over Syrian city of Aleppo allegedly backed by Turkey. Russia and Iran push...
  • Extremist rebels' offensive saw Syrian government forces lose control of Aleppo for the first time since the start of the country's civil war

Trump threatens 100% tariff on BRICS countries over currency plans

Washington, United States - President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations...
  • The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies
  • The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates