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

Clashes between Iran, Afghanistan forces at border

Clashes broke out between Iranian and Taliban forces at the border between the two countries, Iranian police said without reporting...
  • Even though Tehran and Kabul are bound by diplomatic relations, Iran does not recognize Afghanistan's Taliban government.
  • Iran demanded that Afghanistan respect its "water rights", charging that an upstream river dam there is restricting the flow into a lake.

Iraq plans ambitious Europe-Middle East road, rail project

Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure,...
  • War-ravaged and beset by rampant corruption, oil-rich Iraq suffers from dilapidated infrastructure.
  • Developing the road and rail corridor would allow Iraq to capitalize on its geographical position.

UN backs Sudan envoy as army seeks his replacement

NEW YORK, US -  United Nations chief Antonio Guterres said he was "shocked" by a letter from Sudanese army chief Abdel Fattah...
  • The army and paramilitary RSF are currently in the fifth day of a one-week ceasefire brokered by the US and Saudi Arabia.
  • It is the latest in a series of moves by the army chief, who last week officially sacked RSF chief as his deputy in the ruling sovereign council.

Drone strike targeted lawmaker’s home: Libya parliament

The UN-recognized Government of National Unity said the strikes hit "hideouts used by gangs of smugglers in fuel, narcotics and...
  • The UN mission in Libya said it was in contact with concerned national authorities, calling on both to respect relevant national and international laws
  • Libya is split between a nominally interim government in Tripoli in the west, and another in the east backed by military strongman Khalifa Haftar

Japan deal expands UAE’s defense relations with Asia

The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects.
  • The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects
  • The strengthening of defense cooperation with Asian countries is part of a broader UAE's effort to diversify its security partnerships and decrease dependence on the US

Saudi, US mediators see ‘improved respect’ for Sudan ceasefire

Within minutes of the ceasefire taking effect late Monday, witnesses in the capital Khartoum reported air strikes and gunshots. The...
  • The United States and Saudi Arabia, which brokered the latest deal, reported "serious violations" since it took effect, particularly on Wednesday.
  • As civilians, aid groups and mediators pleaded for a stop to the fighting, Sudan's defense ministry issued a call to arms.

RAKEZ highlights Ras Al Khaimah’s potential to Chinese business owners

RAS AL KHAIMAH, UAE - A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to...
  • The RAKEZ delegation interacted with prominent Chinese business owners from a range of sectors.
  • The team traveled through Shanghai, Suzhou, Qingdao, Tianjin, Guangzhou, Foshan, and Zhuhai.

Iran, Belgium free jailed persons in prisoner swap

Iran freed Belgian aid worker Olivier Vandecasteele after almost 15 months in custody, in a prisoner exchange for an Iranian...
  • Oman said it had helped broker an "exchange deal" and that an Iranian previously held in Belgium was on his way to Tehran.
  • Iran announced that the freed Iranian is diplomat Assadollah Assadi, who was jailed in Belgium over a 2018 plot.

GCC contributes 97% of Arab humanitarian assistance

The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to...
  • The Gulf countries are playing an important role as the estimated cost of providing the necessary aid has surged to around US$51.5 billion, marking a 25% increase, says a report
  • Challenges facing charitable organizations include conflicts and societal instability, highlighting the need for continued development and capacity building, adds the API report

In Sudan’s capital, risking death in search of water

After nearly six weeks of street battles between forces loyal to rival generals and with temperatures regularly topping 40 degrees...
  • On April 15, when fighting broke out between Sudan's army and the paramilitary RSF, the station supplying several districts of North Khartoum with running running water was damaged
  • Since then, about 300,000 of its inhabitants have not seen a drop of water run from their taps and some have reopened wells or used pots to draw water from the Nile River

Seismic shift: UK, Australia and Canada recognize Palestinian state

Portugal was also to recognize Palestinian statehood, as Israel came under huge international pressure over the war in Gaza where...

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Rocket fire wounds four UN peacekeepers in Lebanon

Italian Defence Minister Guido Crosetto said two 122 mm rockets appeared to have hit a bunker on the base. The...

Putin hints at strikes on West in ‘global’ Ukraine war

In a defiant address to the nation, Russia's president railed at Ukraine's allies granting permission for Kyiv to use Western-supplied...

Hezbollah says Israel ‘cannot impose conditions’ for truce

U.S. envoy Amos Hochstein announced "additional progress" in Lebanon-Israel ceasefire talks, heading to Israel to finalize an agreement amidst escalating...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iraqis face tough homecoming a decade after IS rampage

Hassan Shami, Iraq - A decade after Islamic State group extremists rampaged through northern Iraq, Moaz Fadhil and his eight children...
  • The jihadists seized a third of Iraq, ruling their self-declared "caliphate" with an iron fist, before an international coalition wrestled control from them in 2017
  • Seven years on, many of the village's homes are still in ruins and lacking essential services, but Fadhil said he felt an "indescribable joy" upon moving back in August

US envoy in Beirut says ‘real opportunity’ to end Israel-Hezbollah war

US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • "I came back because we have a real opportunity to bring this conflict to an end," Hochstein said

Israel escalates bombing in Lebanon as Hezbollah fires projectiles; UN warns of Gaza famine

Israel escalated strikes on Hezbollah in Beirut and Tyre, targeting strongholds, while Hezbollah launched retaliatory attacks on Haifa, hitting a...
  • Israel has escalated its bombing of Lebanon since September 23 and has since sent in ground troops, following almost a year of limited, cross-border exchanges of fire
  • Israel's military chief Hezbollah had already "paid a big price" but Israel will keep fighting until thousands of its residents displaced from the north can return safely