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

Funding for UN refugee operations swells via Zakat Fund

Sheikh Thani Bin Abdullah Bin Thani Al-Thani of Qatar, who serves as a UNHCR advocate, has been the biggest contributor...
  • "Last year, we raised more than $20 million in Ramadan alone," said Khaled Khalifa, UNHCR's representative to the GCC countries. "We are hoping to exceed that this year."
  • The agency said it was increasingly able to channel obligatory donations under Islam to help fund its activities.

Israel attorney general criticizes judicial reform move

JERUSALEM -Israel's attorney general on Friday accused Prime Minister Benjamin Netanyahu of "illegal" public intervention on the government's divisive judicial...
  • The prime minister must avoid any involvement in changes in the judicial system, Israel’s attorney general said.
  • Israel’s PM pledged to do everything to find a solution that would satisfy both supporters and critics of the judicial reforms.

Those who sow the wind reap the whirlwind: Iran on French protests

Kanani was referring to criticism, including from France, of Iran's response to months-long protests triggered by the death of Mahsa...
  • Protesters clashed with French security forces on Thursday in the most serious violence yet of a three-month revolt against Macron's decision to increase the retirement age
  • Kanani was referring to criticism, including from France, of Iran's response to months-long protests triggered by the death of Mahsa Amini after the 22-year-old's arrest

Denmark asks Nord Stream owner to help recover mystery object

COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...
  • Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.
  • The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.

Saudi on track to achieve UN sustainable goals by 2030: Minister

Dubai, UAE -- Saudi Arabia has said that the kingdom is on track to achieve the United Nations Sustainable Development...
  • Deputy Minister for Water Abdulaziz Al-Shaibani told UN Water Conference that the kingdom has restructured the water sector and developed the National Water Strategy.
  • The kingdom has allocated $80 billion for water projects in the coming years as part of its efforts to achieve universal and equitable access to safe and affordable drinking water.

Israeli judicial reforms: Netanyahu vows unity as protests linger

Netanyahu, in a televised address, said he was determined to advance the reforms but wanted to reach a solution acceptable...
  • Thousands of Israelies rallied against proposed judicial reforms in Jerusalem outside Netanyahu's residence as well as in the northern city of Haifa
  • Israeli prime minister says the proposed changes are necessary to diminish the powers of the Supreme Court, which they argue has become politicized

US airstrikes in Syria kill eight pro-Iran fighters after contractor death

Defense Secretary Lloyd Austin said Thursday that at the direction of President Joe Biden, he had authorised "precision airstrikes tonight...
  • On Friday, Rami Abdel Rahman, head of the Syrian Observatory for Human Rights, a Britain-based monitor, said eight people had been killed by US strikes
  • Two of the US service members wounded on Thursday were treated on site, while the three other troops and one US contractor were medically evacuated to Iraq

UN warns funding shortfall can slash support for Yemen children

Warning that it could be left with no option but to cut support for children in Yemen without a funding...
  • According to some estimates, some 11,000 children are known to have been killed or maimed since the conflict escalated in 2015
  • The UN says that fighting in Yemen has sparked off what it describes as one of the world's worst humanitarian tragedies

After Iran deal, KSA in talks with Syria to resume consular services

Riyadh has been hinting at a rapprochement with Syria for weeks. It sent aid to both rebel-held and government-controlled parts...
  • The report gave no timeline for the move, which would mark the latest Saudi step towards mending rifts with regional rivals
  • Earlier this month, a Chinese-brokered deal was announced to restore diplomatic ties between Saudi Arabia and Iran

Israeli parliamentarians adopt strict limits on removing PM

Israeli parliament approved legislation restricting grounds for declaring a premier unfit for office, a move the opposition has called a...
  • Lawmakers voted 61 against 47 to approve an amendment to one of Israel's Basic Laws specifying the conditions to declare a prime minister unfit for office.
  • The previous version of the law stated that a premier could be declared incapacitated, but did not specify on what grounds or the necessary steps.

Iran, IAEA sign cooperation framework in Cairo after suspension following Israeli strikes on nuclear sites

The agreement was signed in Cairo by Iranian Foreign Minister Abbas Araghchi and International Atomic Energy Agency chief Rafael Grossi,...

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Yemen’s Houthis agree to temporary truce to secure stranded oil tanker

The vessel had departed from Iraq and was destined for a port near Athens, carrying 150,000 metric tons of crude...

Turkey, Azerbaijan hope for ‘lasting peace’ in South Caucasus

Years of diplomacy between the Caucasus rivals Azerbaijan and Armenia had failed to reach a breakthrough, but negotiations have resumed...

Iran former top diplomat Zarif returns to VP post

"After the follow-ups and consultations conducted by the president and with his written order, I will continue to exercise my...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel strikes Lebanon, says thwarted large-scale Hizbollah attack

The result was perhaps the biggest exchange of fire in 10 months of a war which began with a Hamas...
  • Hizbollah, the powerful Iran-backed Lebanese armed group, denied that thousands of launchers had been destroyed or that Israel had thwarted a larger attack
  • Israeli Prime Minister Benjamin Netanyahu told his cabinet the strikes were "not the final word" in the campaign against Hizbollah

Israeli defence minister declares 48-hour state of emergency

"The declaration on the state of emergency enables the IDF (Israeli military) to issue instructions to the citizens of Israel,...
  • "I hereby declare a special situation on the home front in other areas of the country. The situation is valid for 48 hours starting at 6:00 am," Gallant said
  • In a separate statement, the defence ministry said Gallant briefed US Secretary of Defence Lloyd Austin on the overall situation

Harris bats for nuance on Gaza, Palestinians’ right to ‘freedom, self-determination’

Harris also pledged to "always stand up for Israel's right to defend itself." Some pro-Palestinian activists, who rallied on the...
  • The US Democratic candidate vowed to "not cozy up to tyrants and dictators" who can flatter Trump as he "wants to be an autocrat himself."
  • Harris won the biggest applause lines in her foreign policy section when she spoke of the suffering of Palestinians