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

EU sanctions Iran Revolutionary Guards’ wing over brutal crackdown

The European Union imposed an asset freeze on the investment arm of Iran's Revolutionary Guard, over Tehran's brutal crackdown on...
  • The 27-nation bloc added the IRGC Cooperative Foundation, which handles the Guards' investments, to an EU asset freeze and visa ban blacklist.
  • The EU also blacklisted the Student Basij Organization, which it said acts as enforcers for the Revolutionary Guards on university campuses.

Norwegian delegation in Abu Dhabi discusses legal issues with ADJD   

ABU DHABI, UAE -   The Abu Dhabi Judicial Department (ADJD) discussed legal and judicial issues with a delegation from Norway....
  • The delegation was briefed about applicable regulations, the Judicial Department's initiatives to establish specialized courts for foreigners.
  • It was also briefed about the pioneering experience with remote litigation at the stage of registration of claims, case preparation and hearing.

Iraq artist battles to save old boating tradition

The elegant water craft have long been vastly outnumbered by modern, motorised vessels and are threatened further as Iraq's waterways...
  • Iraq must save "from extinction an essential facet of our civilisation which has existed for four or five millenia", said Salim, co-founder of Safina Projects
  • The flotilla on the Tigris in Baghdad was a landmark event in Salim's efforts -- 18 of the boats took to the water on a spring afternoon as part of a cultural festival

Iran’s Raisi replaces longtime security chief and leading Gulf mediator Shamkhani

Shamkhani, an ethnic Arab who had also previously served as a Revolutionary Guards commander, had been credited with defusing Iran's...
  • Ahmadian, who studied at the National Defence University, was in charge of the strategic centre of the Islamic Revolutionary Guard Corps before his appointment to the new post
  • The presidential decree ends the nearly decade-long tenure of Ali Shamkhani, 67, who played a key role in Iran's landmark rapprochement with Sunni powerhouse Saudi Arabia

Israeli army kills three Palestinian fighters in West Bank raid

The Al-Aqsa Martyrs' Brigades, the armed wing of Palestinian president Mahmoud Abbas's Fatah party, said that the three were among...
  • According to the witnesses, gunfire and loud explosion shook the camp even as a house was demolished by the Israeli army
  • At least 153 Palestinians, 20 Israeli, a Ukranian and an Italian have been killed since the start of the year in the violence linked to the conflict

Oman’s Sultan Haitham and Egypt’s el-Sisi review bilateral ties in Cairo

Cairo, Egypt--Egypt's President Abdel Fattah el-Sisi and Oman's Sultan Haitham bin Tareq reviewed bilateral relations and regional issues in talks...
  • The talks between the two leaders are expected to yield several agreements in defense, trade and economic sectors
  • Earlier Egypt's president received Sultan Haitham upon his arrival in Cairo, beginning a two-day official visit, his first to Egypt

Dubai Customs seizes over 200 samples of endangered animal, plant species since 2020

DUBAI, UAE - Dubai Customs (DC) successfully seized, over the past three years, nearly 330 tons and over 200 samples...
  • Dubai Customs plays a vital role in combating attempts to smuggle prohibited materials.
  • It conducts public awareness campaigns on protecting endangered animals and plants.

Sharjah Chamber to send India bound trade group on 29 May

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) announced it will be sending a trade mission to...
  • The initiative aims to bolster economic and trade cooperation, foster mutual investment, and establish promising partnerships between Sharjah and India.
  • The upcoming trade mission is expected to support the chamber's strategic goals of driving foreign expansion and exploring new markets.

Capable of safeguarding Gulf waters in coordination with neighbors: Iran

Iran said it is capable of ensuring the safety of the vital Gulf waters in cooperation with neighboring countries. Iran...
  • The Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.
  • Recently the commander of the US Navy's Fifth Fleet transited through the Strait of Hormuz in a guided-missile destroyer.

Biden denounces Republican demands on debt ceiling as ‘unacceptable’

President Joe Biden slammed Republican demands in negotiations to resolve the US debt ceiling standoff as "unacceptable" but said a...
  • The Treasury Department says that the US government could run out of money and default on its $31 trillion debt as early as June 1.
  • The default can happen if Congress, where Republicans control the House of Representatives, does not authorize more borrowing.

With cash and aid, Saudi Arabia pursues soft power push in Syria

Saudi Arabia has spent months courting Syria's new leaders, aiming to draw closer a country long dominated by Iran and...

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Donald Trump ramps up transition moves with key appointments

President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...

Saudi Crown Prince says Israel must not attack Iran, expresses shock over war crimes in Gaza

Indicating improving ties between the two major powerhouses in the Middle East, Crown Prince Mohammed bin Salman urged international community...

Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation

Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Buried for 14 hours after Israeli strike, Lebanese toddler makes recovery

The strike flattened an apartment complex and killed 15 people, many of them relatives
  • "Ali is the sole survivor of his family," said his father's uncle
  • "He emerged from the rubble, barely breathing, after 14 hours"

Who will staff Trump’s Govt? A look at top contenders, with Elon Musk among the likely picks

Tesla CEO Elon Musk could head a new "Department of Government Efficiency," promising $2 trillion in federal budget cuts and...
  • "There are some people that will be returning (from Trump's first term)," senior Trump aide Jason Miller told Fox Business. "And there'll be some new people joining the mix."
  • Linda McMahon, a former CEO of World Wrestling Entertainment, and Howard Lutnick, the founder of the brokerage firm Cantor Fitzgerald, are leading the transition process

Lebanon MPs demand UN protection of heritage sites from Israel attacks

The Lebanese MPs called on Azoulay to "urgently prioritize the protection of these historic sites by mobilizing UNESCO’s authority.
  • "During the devastating war on Lebanon, Israel has caused grave human rights violations and atrocities," the lawmakers said
  • Lebanon is home to six UNESCO World Heritage sites, including Roman ruins in Baalbek and Tyre