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

Israeli government approves 2023-2024 budget

Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...
  • Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.
  • Parliament must still vote to adopt the fiscal measures.

UAE, Algerian ministers discuss enhancing bilateral cooperation

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...
  • UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.
  • The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.

Netanyahu hails Oman’s opening of airspace to Israeli planes

On Twitter, the Omani Civil Aviation Authority affirmed that "the Sultanate's airspace is open for all carriers that meet the...
  • Israeli Foreign Minister Eli Cohen in a statement hailed the historic decision that will shorten flight time to Asia
  • The US also welcomed Oman's move, saying it completed the "process" begun last year with Saudi Arabia's decision

EU eases Syria sanctions to speed up quake aid

The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis...
  • Aid organizations will no longer need to seek permission from EU member state governments before sending supplies to sanctioned entities in Syria
  • EU pointed out that it and its member states have contributed a total of $26 billion to Syria and to refugee-hosting neighbors such as Turkey since 2011

Tunisian president seeks to reassure ‘legal’ migrants

On Wednesday, Tunisian rights groups accused the president of hate speech after he said a day earlier that "hordes" of...
  • Saied called on state officials to "look after our brothers from sub-Saharan Africa who are in a legal situation", according to a video published on the official presidency website
  • A statement from his office, decrying "a criminal plot... to change Tunisia's demographic make-up" without citing any evidence, has sparked an outcry online

Russia to deploy Sarmat intercontinental ballistic missile in 2023: Putin

Moscow, Russia - Russian President Vladimir Putin said Thursday the new Sarmat intercontinental ballistic missile will be deployed this year following...
  • The Sarmat -- dubbed Satan 2 by Western analysts -- is capable of carrying multiple nuclear warheads.
  • Putin has said the heavy Sarmat missile can hit any target on Earth and will make the Kremlin's enemies "think twice".

G7 mulls more sanctions on Russia ahead of invasion anniversary

A senior US official said last week that the United States and its G7 allies planned to unveil "a big...
  • The measures imposed have so far succeeded in practically halving Russia's oil revenues, French Finance Minister Bruno Le Maire said.
  • They have "totally disorganized value chains in Russia, notably in industries as strategic as aeronautics and automobiles", he added.

European Commission bars TikTok use by staff over data protection

The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have...
  • TikTok, whose parent company ByteDance is Chinese, has faced increasing Western scrutiny in recent months.
  • Last month, the Dutch government reportedly advised public officials to steer clear of the app over similar concerns.

Renewables investments record high in 2022, but need massive increase

A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...
  • The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.
  • Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.

WHO using Syria sanctions pause to ship in health supplies

The massive 7.8-magnitude tremor on February 6 has killed more than 42,000 people in Turkey and more than 3,600 in...
  • The WHO said it was capitalizing on the suspending of sanctions to carry out some rapid procurement and revitalize Syria's shattered health services
  • The UN health agency called on Syria's warring factions to see the earthquake as an opportunity to end the civil war for good

Lebanon says army will begin implementing Hezbollah disarmament plan, amid opposition from the group

Responding to questions from journalists, Morcos said "the Lebanese army will begin implementing the plan, but in accordance with the...

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Israel says negotiators to hold fresh Gaza truce talks next week

Jerusalem, Undefined - Israel said Friday that "gaps" remained with Hamas on how to secure a Gaza ceasefire and hostage release...

Early returns show reformist Pezeshkian leading Iran runoff vote: interior ministry

Iran held the first round of its snap presidential election last week which was marked by a record low turnout....

Reformist faces ultraconservative as Iran votes for president

In a contest between reformist Masoud Pezeshkian and ultraconservative Saeed Jalili, the election comes amid heightened regional tension
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iraqi armed groups say ready to fight Israel if Lebanon war breaks out

Baghdad, Iraq - As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready...
  • A field commander of the Islamic Resistance in Iraq said there would be "escalation for escalation" in the event of a full-scale war in Lebanon
  • The commander, speaking to AFP on condition of anonymity, said the Iran-backed group had already sent "experts and advisors" to Lebanon

Syrian-based armed Iraqi groups ready to fight Israel to support Lebanon if war breaks out

As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready to enter...
  • Pro-Iran armed groups so-called "Axis of Resistance" is an alliance that includes Lebanon's Hezbollah and Yemen's Huthi rebels
  • In late January, a drone strike launched by Iraqi armed groups killed three US soldiers across the border in Jordan

Pro-Palestinian group scales Australia’s parliament

Sydney, Australia - Protesters scaled Australia's national parliament on Thursday, unfurling banners reading "Palestine will be free", and accusing Prime Minister...
  • The protest follows recent divisions within the Labor government, which suspended a Muslim senator who voted in favour of Australia recognizing a Palestinian state
  • Senator Fatima Payman said she had been "exiled" after supporting the parliamentary motion - put forward by the Greens party - in defiance of government policy