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

Ukrainian foreign minister to discuss ‘bolstering ties’ during Iraq visit

In February this year, the Iraqi foreign minister reiterated Baghdad's support for a ceasefire and negotiations to end the war...
  • Ukrainian minister Kuleba is due to hold talks with Iraqi Foreign Minister Fuad Hussein as well as Prime Minister Mohamed Shia al-Sudani.
  • Iraq maintains good economic ties with both Kiev and Moscow, and has adopted a neutral stance since Russia invaded Ukraine.

Iraq invites Turkey, Iran to discuss water share issue  

BAGHDAD, IRAQ -  Iraq's Minister of Water Resources Aoun Diab said on Sunday that the releases of the Tigris River...
  • Iraq's Minister of Water Resources said that an invitation was extended to the Iranian Minister of Energy to attend the third Baghdad Water Conference.
  • Iraq invited the Turkish delegation for the purpose of continuing discussions on activating the memorandum of understanding signed between the two countries.

Iran seals 150 businesses for ‘disrespecting’ headscarf obligation

The closures were announced a day after police said they have now implemented a plan to deal with women who...
  • The crackdown comes after the number of women defying the code has risen since a protest movement triggered by the death in custody last year of Kurdish-Iranian Mahsa Amini.
  • Last week, police chief Ahmad-Reza Radan said those who remove their headscarves would be identified using "smart equipment".

Countries need $97 billion to achieve education targets: UNESCO

Paris, UAE -- Without $97 billion in extra funding, a range of countries will fail to meet their 2030 national...
  • The largest financing gap is in sub-Saharan Africa: $70bn per year. The region has the furthest distance to travel, with 20 percent of primary school age children not in school.
  • Around one third of the gap could be filled if donors fulfilled their aid commitments and prioritized basic education in the poorest countries, the report found.

Houthi rebels and Yemen government complete prisoner exchange

Sanaa, Yemen-- Yemeni rebels and government forces freed scores of prisoners Sunday on the last of a three day exchange of...
  • Planes carrying detainees took off at the same time from the capital of Sanaa and the government-controlled northern city of Marib, ICRC said
  • Three other flights during the day were to complete the deal reached in Switzerland last month to exchange 181 government forces for 706 rebels

Two killed in Iraqi Kurdistan in strikes blamed on Turkey

The PKK, which Ankara and its Western allies classify as a "terrorist" organisation, operates rear bases in Iraq's north. Since...
  • The strikes late Saturday near the town of Penjwen, close to the Iranian border, targeted a vehicle carrying Turkish Kurdish fighters from the Kurdistan Workers' Party
  • Haval Abubaker, regional governor of Sulaimaniyah, expressed his "concern" about the "attacks" in a telephone call with Masrour Barzani, PM of Iraq's autonomous Kurdistan

Thousands fill up Tel Aviv to protest against government’s judicial reforms

The 15th consecutive week of protest came after Prime Minister Benjamin Netanyahu on March 27 announced a "pause" to allow...
  • Smaller protests also took place in the northern port of Haifa and outside the home of Justice Minister Yariv Levin in Modiin
  • Saturday's demonstration came a day after US rating agency Moody's announced it was lowering Israel's rating from "positive" to "stable"

Syrian foreign minister visits Algeria to boost ties

Algiers, Algeria-- Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a...
  • According to Algerian state radio, the visiting foreign minister was welcomed by Ahmed Ataf, Algerian foreign minister
  • Faisal Mekdad arrived in Saudi Arabia on Wednesday, in the first such trip since civil war broke out in Syria in 2011

Lula visit: Brazil, UAE seal climate, biofuels deals

They also announced a series of deals, including one for the UAE-controlled Mataripe refinery in northeastern Brazil to invest up...
  • The countries said in a joint statement the leaders had discussed a range of subjects including trade, technology, defense, aviation and food security
  • The strategically located Gulf monarchy is Brazil's second-largest trading partner in the Middle East, according to the official WAM news agency

Brazil president reaches UAE to enhance bilateral ties

ABU DHABI, UAE - Brazilian President Luiz Inacio Lula da Silva arrived here Saturday, following a two-day visit to China to...
  • The UAE is Brazil's second-largest trading partner in the Middle East, according to reports.
  • Trade between the two trade excluding petrol totaled over US$4 million in 2022 - a 32 percent rise from 2021.

Arab, Muslim leaders to meet in Qatar to denounce Israeli attack

Qatar said Saturday it will host a summit of Arab and Muslim leaders to denounce Israel's attack on Hamas officials...

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Biden ready to ‘adjust’ US forces in Mideast amid tensions: White House

Washington, United States - President Joe Biden ordered US forces in the Middle East to be adjusted "as necessary," the White...

Tens of thousands protest against Lebanon ‘bloodbath’ in Iran, Yemen

The demonstrations in Tehran and other Iranian cities were responding to a call by authorities on Wednesday to demonstrate in...

Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu

EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US offers $20 mn for info on Iranian behind Bolton assassination plot

Washington, United States- The US State Department announced a $20 million reward on Thursday for information leading to the arrest of...
  • US officials said in August 2022 that they had uncovered a plot by Shahram Poursafi, a member of Iran's IRGC to kill Bolton who served as NSA to former president Trump
  • The State Department's "Rewards for Justice" program "is offering a reward of up to $20 million for information leading to the arrest or conviction" of Poursafi, a notice said

US gives US$8.7 billion in military aid to Israel amid global push for a ceasefire

While international pressure on Israel for ceasefire in Lebanon and Gaza intensifies, Netanyahu refuses to slow down military operations. Lebanese...
  • Lebanese authorities said Thursday that more than 1,500 people had been killed in almost a year of cross-border violence
  • Yemen’s Huthis: “will not hesitate to support Lebanon and Hezbollah” as cross-border fire between the Lebanese group and Israel intensifies

Ceasefire calls mount as Israeli troops on alert for Lebanon incursion

International calls for restraint mounted Wednesday after Israel's army chief told soldiers to prepare for a possible ground offensive against...
  • Israeli strikes on Lebanon killed 72 people on Wednesday
  • Biden met with French President Emmanuel Macron at the UN General Assembly to discuss ceasefire efforts