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

Russia’s Lavrov holds talks in Turkey to extend grain deal

The Russian foreign ministry said Lavrov, who last visited Turkey in June, will discuss the grain deal, which Moscow says...
  • Sergei Lavrov joined Turkish Foreign Minister, at a dinner breaking the fast during the Muslim holy month of Ramadan before the pair headed into talks on Friday
  • The foreign ministers are due to address a joint news conference at the presidential palace where Lavrov will also meet Turkish President Recep Tayyip Erdogan

UAE rejects extradition of Gupta brothers, says South Africa

South Africa's Justice Minister Ronald Lamola said the government was notified on Thursday evening of a Dubai court decision not...
  • South Africa filed the extradition request in July last year after the two were arrested in Dubai a month earlier.
  • The ultra-wealthy brothers ran a sprawling family business empire in South Africa for more than two decades after migrating from India.

Samsung expects profit to plunge

Memory chip sales hammered by a global downturn.
  • The firm said in a regulatory filing that January-March operating profits were expected to drop 95.7 percent to $455 million, their lowest level since the first quarter of 2009
  • The anticipated drop in profits was because of "continuing weak demand for IT products that have aggravated the performances of all sectors", Samsung said in the statement

Israel confirms striking Lebanon first time since April 2022

Tensions have soared between Israel and Palestinians during what is both the Jewish Passover and the Muslim holy month of...
  • The strikes were launched around 4 am (0100 GMT), hitting both the Gaza Strip and southern Lebanon, an Israeli army statement said
  • The latest flare-up of violence comes after Israeli police clashed Wednesday with Palestinians inside Jerusalem's Al-Aqsa mosque

Classified US-NATO Ukraine war plans wind up on social media

Senior officials from the Biden administration have confirmed the authenticity of the documents, which have been posted on Twitter and...
  • The leaked documents could provide valuable information to Russian war planners
  • The Pentagon is currently investigating who may have been behind the leak

Kais Saied denounces IMF bailout conditions as ‘foreign diktats’

The IMF was originally expected to approve a bailout deal on December 19, but that was delayed pending a Tunisian...
  • Saied said that the foreign diktats of IMF will lead to more poverty which is unacceptable.
  • Saied's government reached an agreement in principle in mid-October for a nearly $2 billion package from the IMF.

Iran and Saudi Arabia: From proxy wars to partnership

The two regional powers have cut ties twice since the 1987 crackdown on protesting Iranian pilgrims in Makkah. They have...
  • From 2011 on, Iran and Saudi back opposing sides in Syria's civil war and in the Yemen conflict.
  • In October 2017, Saudi Arabia backed US President Donald Trump after he walks out on Iran nuclear deal.

Rockets from Lebanon target Israel after Al-Aqsa clashes

A barrage of rockets fired from Lebanon targeted Israel, a day after clashes between Israeli police and Palestinians inside Islam's...
  • Israeli Prime Minister Benjamin Netanyahu was "receiving continuous updates about the security situation.
  • Warning sirens sounded in the town of Shlomi and in Moshav Betzet and the Galilee in northern Israel, the army said.

‘Global growth to fall below 3 percent in 2023’

A continued slowdown in almost all the world's advanced economies is expected to drag global growth below three percent this...
  • Global growth almost halved last year to 3.4 percent as the impact of Russia's invasion of Ukraine rippled through the world economy.
  • Asia's emerging markets are expected to see substantial increases in economic output with India and China to account for half of all growth.

UN chief to Taliban: Revoke ban on world body’s women staff

The Taliban authorities ordered all NGOs in December to stop employing Afghan women after receiving "serious complaints" that women employees...
  • UN announced it had instructed all its Afghan staff, men and women, not to report to the office after the ban on its women staff was confirmed
  • The Taliban authorities have imposed restrictions on Afghan women, including banning them from higher education and many government jobs

UN General Assembly votes for Hamas-free Palestinian state

The text was adopted by 142 votes in favor, 10 against -- including Israel and key ally the United States...

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Netanyahu says Israel has ‘landed a series of blows on Hezbollah’

Israeli Prime Minister Benjamin Netanyahu said Sunday that Israel has dealt serious blows to the Lebanese group Hezbollah, as rapidly...

Al Jazeera TV raided in West Bank; ordered to close for 45 days

Global news channel Al Jazeera said armed and masked Israeli forces raided its office in Ramallah in the occupied West...

Top Hezbollah commander killed in Israeli strike on Beirut

The killing of Aqil was the second of a senior Hizbollah commander since the start of the war in Gaza,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Hizbollah chief admits ‘unprecedented’ blow in device blasts

Israel has not commented on the attacks in which Hizbollah operatives' pagers and walkie-talkies exploded in supermarkets, on streets and...
  • In his first speech since the attacks, which killed 37 people and wounded nearly 3,000 across two days, Nasrallah struck a defiant tone, vowing that Israel would face retribution
  • Describing the attacks as a "massacre" and as a possible "act of war", Nasrallah said Israel would face "tough retribution and a just punishment

Lebanon device blasts: what we know about deadly attacks

Hundreds of pagers and walkie-talkies used by Hezbollah exploded across Lebanon in unprecedented attacks this week, killing 37 people and...
  • Hundreds of pagers carried by Hezbollah operatives exploded at almost the same time
  • Exploding communication devices has killed 37 people and wounding more than 2,900 over two days

Latest batch of device explosions in Lebanon stoking fears of a full-blown war with Israel

A second deadly wave of unprecedented explosions in the strongholds of Lebanon's Hezbollah left it in disarray on Thursday, hours...
  • The latest batch of device explosions killed 20 people and wounded more than 450 others
  • Hezbollah said Israel was "fully responsible for this criminal aggression" and vowed revenge