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

Syria to reopen Tunisia embassy after more than 10 years

Tunisia's Saied had said last month he planned to restore diplomatic relations with Syria. Tunisia expelled Syria's ambassador in 2012...
  • Syria's decision followed a similar move by Tunis on April 3, when Tunisian President instructed his foreign minister to appoint an ambassador to Damascus
  • Since the quake, Syrian President Bashar al-Assad has received calls and aid from Arab leaders, momentum analysts say he could leverage to bolster regional support

Qatar, Bahrain to restore ties as Middle East’s push for peace gains pace

In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The...
  • Qatar's foreign ministry said that the neighbors "decided to restore diplomatic relations between the two countries" as per the UN's charter
  • The two countries' relations have been more difficult to restore because of many thorny issues including their maritime border

Historic talks: Syrian and Saudi ministers discuss steps to resolve ongoing crisis in Syria

It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey,...
  • Saudi Arabia is also negotiating with Yemen's Iran-backed Houthi rebels, eight years after launching a military intervention aimed at dislodging them from power.
  • Riyadh broke off relations in 2016 after Iranian protesters attacked Saudi diplomatic missions following the execution of Saudi Shiite cleric Nimr al-Nimr.

Egypt’s Sisi meets UAE leader amid economic woes

Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...
  • Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value
  • Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries

Interest rate hikes adversely affect developing countries, says UN

The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...
  • Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.
  • UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.

Global debt growing due to US, China, says IMF 

Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...
  • In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.
  • China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.

Saudi Crown Prince receives US NSA call amid advancing Saudi-Iran detente

The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.
  • Sullivan commended the progress made in Yemen over the past year and welcomed Saudi efforts towards a roadmap for ending the conflict
  • The two leaders also talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere

Facing criminal charges, Trump vows to ‘never’ drop presidential bid

The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to...
  • Trump, 76, in his first major interview since being arrested last week, cast doubt on whether Democrat Biden, 80, would be in the 2024 race
  • Right wing outlets like Fox News frequently highlight Joe Biden's verbal flubs, and moments where he appears to have lost his train of thought

UAE Federal National Council speaker, Chinese Ambassador, discuss bilateral ties

Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the...
  • The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties between the two countries
  • Ghobash said that the bilateral cooperation between the UAE and China is a model of an ideal partnership based on friendship and mutual respect

Israeli forces kill two Palestinians in occupied West Bank

Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said....
  • A senior Palestinian official told AFP that he had been informed of the death of the two Palestinians, who were not immediately identified.
  • Violence has surged in the region over the last week as the Muslim fasting month of Ramadan, Jewish Passover and Christian Easter coincided.

Suspect in Charlie Kirk killing caught, widow vows to carry on fight

The widow of prominent right-wing activist Charlie Kirk pledged Friday to carry on her husband's work, after US authorities announced...

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HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’

United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said...

Biden warns at UN against ‘full-scale war’ over Lebanon

Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to...

UN chief warns Lebanon on ‘brink’ as world leaders gather

Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...
  • In one of the biggest blows to the movement since it was founded in 1987 during the Palestinian intifada uprising, Hamas's leader Ismail Haniyeh was assassinated in Iran on July 31
  • On the Gaza battlefield, Israeli forces have aggressively pursued both Sinwar and Hamas military chief Mohammed Deif, whom Israel says it killed in an air strike

World leaders gather at UN as Mideast tensions explode

Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual...
  • UN Security Council member France called for an emergency meeting on the crisis engulfing the Middle East
  • Top diplomat of European Union Josep Borrell warned, "we are almost in a full-fledged war" about the Lebanon-Israel situation

Biden’s United States powerless as Israel pounds Lebanon

US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling...
  • Biden administration was presenting "concrete ideas" to provide an "off-ramp" to prevent further fighting at UN
  • Israeli Prime Minister Benjamin Netanyahu brushed aside warnings of the dangers of regional war