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

France pledges more weapons to Ukraine after Zelensky’s Europe tour

In a visit to various European capitals to hold consultations with his allies, Zelensky dined with French President Emmanuel Macron...
  • Macron's office said France will supply Ukraine with armour -- without specifying the number of vehicles -- but demurred on sending much-coveted fighter jets
  • Volodymyr Zelensky's arrival in Paris followed a visit to Rome on Friday, where he met with Italian leaders and Pope Francis, and a weekend stop in Germany

Thais reject army-backed govt, opposition considers coalition

Thais voted in large numbers after an election campaign pitting a young generation yearning for change against the conservative elite...
  • With ballots counted from 97 percent of polling stations, Election Commission data showed MFP on 13.5 million in the popular vote followed by Pheu Thai on 10.3 million
  • The progressive Move Forward Party's leader, Pita Limjaroenrat, 42, declared it had "closed the door" on any chance of army-backed parties forming a minority government

Turkey’s Erdogan and challenger appear headed for runoff election

Appearing before a large crowd of supporters, Erdogan proclaimed himself to be ready to lead the nation for another five...
  • The voter turnout touched 90 percent in what is being seen as a referendum on Turkey's longest-serving leader and his Islamic-rooted party
  • Kemal Kilicdaroglu, the opposition leader, trailed with 45.0 percent vote, an unlikely outcome for a leader who was shown in the lead in pre-election polls

Indo-Pacific needs comprehensive economic prosperity

"The UAE shares a vision with the European Union to achieve comprehensive economic prosperity in the Indo-Pacific," adds Al Kaabi...
  • UAE’s Minister of State Noura Al Kaabi emphasizes global cooperation and growth opportunities at EU's Indo-Pacific Forum
  • UAE shares a vision with the European Union to achieve comprehensive economic prosperity in the Indo-Pacific, she adds

GCC Secretary General hails Qatar’s role in Palestine-Israel ceasefire

Riyadh, Saudi Arabia -- The Gulf Cooperation Council has hailed Qatar's efforts for its role in the ceasefire between Israel...
  • Jassem Mohamed Albudaiwi said the Qatari diplomacy has been successful in dealing deal with international and regional issues, seeking to resolve them through peaceful means.
  • Albudaiwi also appreciated the efforts of Egypt in communicating with the two sides and contributing to establishing the ceasefire.

Iran jails eight for asking workers to strike at gas site

TEHRAN, IRAN - Iranian authorities have arrested eight people for "leading" a workers' strike at a key gas site in the...
  • An official said intelligence services arrested eight main leaders of the workers' strike at a gas site in Iran's south.
  • The gas site is also knows as having the world's largest reserve and employs around 40,000 people.

Three countries to get $280m for financing education programs

A total of $280 million will be provided to Cameroon, Kyrgyzstan and Uzbekistan as innovative financing under the SmartEd initiative...
  • Developed in Dec 2021 by GPE and the ACG, a grouping of Arab financial development institutions, the nitiative has generated $500m to support education in lower-income countries.
  • Funds under the initiative are accessible to 37 countries that are members of the Organization of the Islamic Cooperation and collectively are home to 28m out-of-school children.

India Jewelry Exposition Center launches in Dubai

DUBAI, UAE -  The Gem and Jewelry Export Promotion Council (GJEPC) has launched a first-of-its-kind India Jewelry Exposition Center (IJEX)...
  • India Jewelry Exposition Center will provide a platform for the country's MSMEs to showcase their products to the Middle East market.
  • The move is a reflection of the Middle East's importance to India's gem and jewelry sector which accounts for 30 percent of its exports.

Tehran objects to presence of anti-Iran forces at Kurd event in Iraq

TEHRAN, IRAN- Iran has summoned Iraq's ambassador to protest over the presence of Iranian opposition groups at an official ceremony in...
  • Iran reacted sharply to the invitation of what it calls as separatist groups during a function in Iraq's autonomous region of Kurdistan.
  • Tehran, which refers to all Kurdish groups who oppose the Iranian government as 'terrorists', summoned the Iraqi envoy over the incident.

Syria extends humanitarian aid access via two border crossings: UN

Following international pressure, Damascus agreed to let the UN use the Bab al-Salama and Al-Rai crossings, operated by Turkish-backed rebels,...
  • Syrians affected by the February 6 earthquake that killed more than 55,000 people in Syria and Turkey have been relying on two border crossings for vital humanitarian deliveries
  • The United Nations estimated earlier this week that Syria needs almost $15 billion to recover from the quake, and it put the total cost of damage and losses at almost $9 billion

US again vetoes UN Security Council Gaza ceasefire call

The United States on Thursday again wielded its veto and thwarted a UN Security Council call for a ceasefire in...

Company News

Latest News

Iran FM says ‘received indications’ before Israeli attack

Araghchi said the "necessary measures" were taken when the attack unfolded, adding that he had been in contact with military...

Updates: Iran calls on UN Security Council to condemn Israeli strikes amid fresh peace efforts

Iran unlikely to escalate situation with Israel, say experts, as UN chief says destruction in Gaza is "shocking". Netanyahu faces...

Updates: Israel targets key military sites in Iran amid escalating tensions in Middle East

Explosions sounded across Tehran after Israel’s airstrikes on Iranian military sites, raising fears of a broader conflict in the Middle...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Beirut’s suburbs ravaged by Israeli air raids as Blinken urges de-escalation with Iran

Israeli airstrikes on Hezbollah's southern Beirut stronghold destroyed six buildings in the deadliest assault since the war began, despite U.S....
  • In southern Lebanon, Israeli strikes pounded Tyre, leaving swathes of its centre in ruins and sparking a new exodus from the once vibrant coastal city
  • Concerns are mounting over tens of thousands of civilians trapped by fighting in Gaza's aid-starved north, where Israel launched a major air and ground assault this month

Updates: Israel confirms killing of Hezbollah leader’s successor as Blinken presses for Gaza truce

US Secretary of State Antony Blinken urged Israel to reach a ceasefire in Gaza, while Israeli airstrikes continued targeting Hezbollah's...
  • A member of Hezbollah's decision-making body and a distant relative of Nasrallah, Safieddine was out of contact since Israeli strikes on Beirut weeks ago,
  • Grey-bearded and bespectacled, Safieddine bore a striking resemblance to his distant cousin Nasrallah, but was several years his junior, aged in his late 50s or early 60s

Is Musk’s million-dollar US voter lottery legal?

Donald Trump surrogate Elon Musk's offer of a million dollars to one registered voter in a swing state every day...
  • "I think it's something that law enforcement should look at."- Democratic Governor of Pennsylvania
  • Musk defends his move by saying it is a simple get-out-and-vote effort