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

258m people require food aid, says UN report

PARIS, FRANCE -  Some 258 million people needed emergency food aid last year because of conflict, economic shocks and climate disasters,...
  • In 2022, 258 million people faced high levels of acute food insecurity in 58 countries or territories, a UN report said.
  • Over 40 percent of those lived in Democratic Republic of the Congo, Ethiopia, Afghanistan, Nigeria and Yemen, the report added.

Iran seizes oil tanker in Strait of Hormuz, says US Navy

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident...
  • A dozen Iranian Navy fast-attack craft swarmed the vessel in the middle of the strait, said a statement from the Bahrain-based US Fifth Fleet.
  • The troubled but commercially vital Gulf waters, which carry at least a third of the world's seaborne oil, have witnessed a spate of incidents since 2018.

Myanmar’s junta sets free over 2,000 political prisoners

The junta said in a statement that pardons were granted to 2,153 prisoners to mark the birth anniversary of the...
  • The announcement of the prisoner release coincided with the visit of Chinese Foreign Minister Qin Gang to Myanmar for talks with generals
  • According to a local monitoring group, some 21,000 people have been arrested since the ouster of Aung San Suu Kyi's government by the military

Iran’s president visits Syria for first trip since war

Preparations for Raisi's visit have been underway for days in the Damascus district housing Iran's embassy, with concrete barriers in...
  • The visit comes just weeks after Iran's landmark agreement to restore ties with regional rival Saudi Arabia and amid a flurry of diplomacy in the Middle East
  • Raisi and Assad would discuss "bilateral ties, shared economic and political issues, and positive developments in the region", Syria's state news agency said

Sudan warring parties agree ‘in principle’ to 7-day truce: S. Sudan govt

Diplomatic efforts have intensified to end more than two weeks of war in Africa's third-largest country as warnings multiply about...
  • The week-long truce came in a phone conversation South Sudan's President Salva Kiir had with the warring parties as part of IGAD's initiative for a pause in fighting
  • The repeated violations of truces sparked criticism earlier Tuesday at a meeting in Addis Ababa, Ethiopia, of the Extended Mechanism on the Sudan Crisis

7 killed in Israeli strikes on Syria; Aleppo airport damaged

Israeli strikes on north Syria's Aleppo province killed four Syrian officers and three Iran-backed fighters, putting the area's international airport...
  • Strikes "completely destroyed" a munitions depot in the Nayrab airfield area, killing four Syrian army officers, says a war monitor
  • Israeli missiles also slammed into Syrian air force factories in Safireh, Aleppo province, "causing extensive material damage", it adds

Israeli  strikes kill soldier in Syria, damage Aleppo airport

Israeli strikes targeted north Syria's Aleppo province, killing a soldier, wounding seven people and putting the area's international airport out...
  • Strikes "completely destroyed" a munitions depot in the Nayrab airfield area, killing a Syrian army officer, said a Britain-based war monitor.
  • Israeli missiles also fell on Syrian air force factories in the Safireh area of Aleppo province, the war monitor said, "causing extensive material damage".

Over 430,000 people have fled homes in Sudan, says UN

The fighting in Sudan has caused over 330,000 people to flee their homes within the country, with over 100,000 others...
  • The UN's International Organization for Migration (IOM) said an estimated 334,000 people had been internally displaced by the fighting.
  • The UN said its 2023 aid appeals for Sudan were $1.5 billion short and only 14 percent funded.

US exhorts Lebanese parliament to elect new president

Former president Michel Aoun's term expired in October, with no successor lined up. Countries including France, the United States and...
  • A caretaker cabinet with limited powers has been at the helm since May last year after legislative polls gave no side a clear majority
  • Numerous parliamentary votes have been held since October 2022, but no candidate has garnered enough support to succeed Michel Aoun

100,000 Russian dead, wounded in 5 months in Ukraine: W.House

National Security Council spokesman John Kirby said he was not giving estimates of Ukrainian casualties because "they are the victims...
  • National Security Council spokesman told reporters that Russia has suffered more than 100,000 casualties, including over 20,000 killed in action
  • John Kirby, citing newly declassified US intelligence, said that about half of those killed were soldiers recruited by the private military company Wagner

Arab League, OIC joint session urges review of Israel ties after Qatar attack

Arab and Muslim leaders called for a review of ties with Israel after emergency talks in Doha on Monday following...

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US warns Israel not to repeat Gaza destruction in Lebanon

Netanyahu said in a video address addressed to the people of Lebanon on Tuesday: "You have an opportunity to save...

Saudi Crown Prince holds talks with Iranian foreign minister in Riyadh

Saudi Arabia and Iran hold discussions on bilateral and regional issues, especially on peace efforts in Lebanon and Gaza. Also,...

Iran FM in Saudi for talks on Gaza and Lebanon

Iranian Foreign Minister Abbas Araghchi's arrival in Saudi Arabia aims to address Israeli military aggression in Gaza and Lebanon, seeking...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Lebanese fishermen stay ashore after Israeli warning

The Israeli army warned late Monday that it would expand its operations against the Lebanese fighter group Hezbollah to Lebanon's...
  • Israel warned people to stay away from the shore in the area south of the Al-Awali River
  • Issam Haboush, a fisherman, said he was worried about his family

Fleeing Israeli bombs, Lebanon’s displaced met with suspicion

Lebanon remains split over the group's decision to open a front against Israel in solidarity with Gaza and drag the...
  • For weeks, Israeli strikes have widened in pursuit of Hezbollah members, causing civilians from the Iran-backed group to be shunned, as people fear they could draw further attacks
  • After nearly a year of cross-border clashes, Israel intensified its bombing campaign on September 23, killing more than 1,110 people, according to an AFP tally of official figures

Saied re-elected Tunisia president with 90.7% of the vote

Tunis, Tunisia - Kais Saied has been re-elected president of Tunisia with 90.69 percent of votes cast, electoral authority ISIE said...
  • Three years after Saied made a sweeping power grab, rights groups fear his re-election will entrench his grip on the only democracy to emerge from the 2011 protests
  • His imprisoned rival Ayachi Zammel received just 7.3 percent, and third candidate Zouhair Maghzaoui only 1.9 percent, ISIE head Farouk Bouasker said on national television