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

Russia sending nuclear arms to Belarus, ratcheting up tensions with the West

"The transfer of nuclear munitions has begun," Lukashenko told reporters during a visit to Moscow to meet with President Vladimir...
  • Lukashenko has allowed his territory, which borders Ukraine, EU and NATO members Poland and Lithuania, to serve as a staging ground for Russian invasion
  • In March, Putin said he would station "tactical" nuclear weapons - in effect short-range atomic missiles - in Belarus, drawing condemnation from the West

Brazilian group seeks trade, investment boost with UAE

Sharjah, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) organized the UAE-Sao Paulo Business Forum on Thursday, marking...
  • During the forum, the two sides discussed joint efforts and investment opportunities available in both cities.
  • The delegation comprised representatives from companies operating in agriculture, food, cosmetics, and furnishings sectors.

‘Partnerships with technology leaders help in Dubai’s digital transformation’

DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...
  • Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
  • The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.

EU backs WTO deal banning harmful fisheries subsidies

Brussels, Belgium -- The European Union approved a historic agreement banning harmful fisheries subsidies on Thursday, joining a small group...
  • Canada and the United Arab Emirates accepted the World Trade Organization (WTO) agreement earlier this month, following the United States in April.
  • The agreement bans subsidies for illegal, unreported and unregulated fishing, with a two-year exemption for developing countries within their exclusive economic zones.

Cargo ship grounded for a short while in Egypt’s Suez Canal

ISMAILIA, EGYPT -  A cargo ship ran aground on Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting...
  • Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of the machinery".
  • The Suez Canal Authority said three tugboats and a marine rescue team were sent to refloat the vessel.

Sudan refugees tread difficult path on way to safety in Egypt

Sudanese who cross into Egypt's south must then buy a bus ticket to take them to the nearest major city,...
  • Cairo refuses to set up refugee camps for Sudanese and instead says the new arrivals are given the right to work and move freely
  • Egyptian President Abdel Fattah al-Sisi has repeatedly said that his country is hosting "not war refugees" but "guests"

Iran shows off new ballistic missile designed to carry 1,500 kg warhead

Tehran, Iran--Iran has displayed a new long-range missile capable of carrying 1,500 kg warhead with the capacity to hit targets...
  • The ballistic missile designed by the country's Aerospace Organization is seen as one of the most advanced missiles with a range of 2,000 km
  • Iran claims the missile has a liquid-fuel engine fitted in the fuel tank, which reduces the length of the missile to about 13 meters

Duchess of Edinburgh makes a rare visit to Iraq

The Iraqi presidency said the duchess delivered a written message from King Charles III -- who had himself visited Iraq...
  • Sophie, Duchess of Edinburgh, spent two days in Baghdad, where she met President Abdul Latif Rashid and his wife Shanaz Ibrahim Ahmed, the Iraqi presidency said
  • The duchess delivered a speech at a conference on women's rights organised by the British embassy in Baghdad, during which she met representatives of women's rights groups

Kuwait’s court upholds dissolution of 2022 parliament

Kuwait - Kuwait's Constitutional Court has upheld a previous ruling that declared the September 2022 parliamentary election void, in which...
  • The court rejected an appeal against this decision filed by members of the 2022 parliament
  • As a result of the court's decision, legislative elections are set to proceed on June 6

GCC secretary general exhorts boosting trade relations with UK

Riyadh, Saudi Arabia--The GCC has called for the strengthening of trade and investment relations with the United Kingdom amid the...
  • The GCC secretary general made the remarks during a meeting with Kemi Badenoch, UK business secretary in Riyadh
  • Albudaiwi and Badenoch reviewed joint preparations for holding the fourth round of negotiations to be held in London, in July

White House says $100,000 H-1B visa fee to be one-time payment

Washington, United States -- The White House issued a major clarification Saturday to its new H-1B visa policy that had...

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US envoy presses Israel-Hezbollah truce bid in Lebanon visit

Hochstein said an end to the war was "now within our grasp", while Hezbollah-allied parliament speaker Nabih Berri, said the...

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...

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

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With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations

Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First"...
  • Trump, unlike every other recent president, has never committed to a fully sovereign, independent Palestinian state
  • He leads a Republican Party so pro-Israel that some local offices handed out Israeli flags alongside Trump yard-signs

HRW accuses Israel of ‘war crime’ with ‘forcible transfer’ in Gaza

Human Rights Watch said in a report released Thursday that Israel's repeated evacuation orders in Gaza amount to the "war...
  • "Israel's actions appear to also meet the definition of ethnic cleansing"- HRW
  • 1.9 million Palestinians were displaced in Gaza as of October 2024

Nations far apart in COP29 climate finance talks

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...
  • A new agreement to boost money for climate action in developing countries is the top priority
  • COP29 runs until November 22 but climate talks often run into overtime