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

UAE pledges $50 million more in assistance for quake-hit Syria

Emirati President Sheikh Mohamed bin Zayed Al Nahyan "has ordered the provision of an additional US$50 million as relief aid...
  • The announcement came more than nine days after the 7.8-magnitude quake struck Syria and Turkey.
  • It also followed an appeal by the United Nations on Tuesday for $397 million to help earthquake victims.

War-scarred Syrian children orphaned by quake

Last week's quake has affected more than seven million children, including 2.5 million in Syria alone, according to James Elder...
  • Hanaa, an eight-year-old girl, keeps asking for news of her family, unaware she is the sole survivor among her immediate relatives.
  • Disaster has piled more misery on Syrian children who have only witnessed tragedy in their lives because of the war that broke out more than a decade ago.

Saudi Binladin Group fined $5.33m in Makkah crane crash

Dubai, UAE---A court in Makkah has fined Saudi Binladin Group SR20 million ($5.33 million) after the Group was convicted of...
  • A total of 111 people were killed and 394 others injured in the crane crash on Sept 11, 2015 during the Haram expansion project.
  • The court found seven defendants guilty of negligence and violation of safety rules, the reports said, adding three of the defendants were sentenced to six months in prison.

COP28 host UAE vows ‘inclusive roadmap’ for climate talks

Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned...
  • Al Jaber told a summit event that as "president, I will lay out a roadmap for COP28 that is inclusive, results-oriented and... very far from business as usual".
  • Al Jaber, 49, is also the UAE's minister of industry and advanced technology and head of a leading renewable energy firm. He is the first CEO to lead the summit.

First UN team since quake crosses into rebel-held Syria

The first UN delegation to visit rebel-held northwestern Syria since last week's earthquake crossed over from Turkey, AFP reported, as...
  • The UN team visited a WFP centre in Syria's Sarmada, near the Turkish border.
  • They held a 40-minute meeting with officials at the Bab al-Hawa crossing - the only transit point on the Turkish border for UN aid deliveries to rebel-held areas.

Turkey-Syria quake affects more than 7 million children: UN

"In Turkey, the total number of children living in the 10 provinces hit by the two earthquakes was 4.6 million...
  • He spoke as rescue teams began winding down the search for survivors from the disastrous quake that has left more than 35,000 dead in the two countries.
  • "Unicef fears many thousands of children have been killed," Elder said, warning that "even without verified numbers, it is tragically clear that numbers will continue grow."

Syria’s Assad urges UN for help rebuilding after quake

After more than a decade of war, Assad's government remains a pariah in the West, complicating international efforts to assist...
  • United Nations relief chief told reporters in Aleppo that the UN was looking to raise money for the organizations helping Syrians cope with the earthquake
  • Up to 5.3 million people in Syria may have been made homeless by the devastating earthquake which rocked the region, according to the UN

Sudan sends plane with 30 tons of aid to quake-hit Syria

The supplies sent to Damascus, containing "30 tons of food, medical supplies, blankets and other materials", followed a similar delivery...
  • Abdel Fattah al-Burhan, who seized power in a 2021 military coup, called Assad "to offer condolences" after the 7.8-magnitude tremor on February 6
  • On Sunday, Emirati Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan visited Assad in Damascus after the UAE pledged tens of millions of dollars in aid

Iran’s President Raisi arrives in China to boost economic ties

Raisi is expected to hold private talks with his Chinese counterpart President Xi Jinping in the capital Beijing, with the...
  • According to Iran's state news agency, Ebrahim Raisi will take part in meetings with Chinese businessmen and Iranians living in the country
  • China's foreign ministry spokesman Wang Wenbin said Raisi will also meet Premier Li Keqiang and top Chinese legislator Li Zhanshu

UAE played key role in stabilizing Egypt: El Sisi

In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to...
  • In 2013, Sheikh Mohamed bin Zayed ordered the transfer of ships carrying vital petroleum commodities via Mediterranean to Egypt to help it overcome the crisis, says El Sisi
  • The Egyptian President, while speaking at the WGS 2023, urges Arab states to stand against any interference that aims to disrupt the strong relations in the region

Italian fashion icon Giorgio Armani dead at 91

Rome, Italy -- Italian fashion legend Giorgio Armani, king of a high-end lifestyle empire, has died at the age of...

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Israel-Hezbollah tensions drive fears of widening Gaza war

Hezbollah chief Hassan Nasrallah's group and Israeli forces have exchanged near-daily fire since Hamas's October 7 attack on southern Israel...

Hizbollah threatens Israel after military says Lebanon offensive ready

Hassan Nasrallah - whose powerful Iran-backed group has exchanged near-daily fire with Israel since its ally Hamas's October 7 attack...

Israel says Lebanon offensive plan ‘approved’ as tensions surge

Palestinian Territories - The Israeli army on Tuesday said plans for an offensive in Lebanon were "approved and validated" amid...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Battles rage in Rafah as Biden blames Hamas for truce delay

On Monday, the UN Security Council adopted a US-drafted resolution supporting the plan, and on Thursday, German Chancellor Olaf Scholz...
  • Israeli ground forces have operated in Rafah since early May, despite widespread alarm over the fate of Palestinian civilians there
  • Hamas said its fighters were battling Israeli troops on the streets of the city near the besieged Gaza Strip's border with Egypt

Fire at Iraqi oil refinery injures 13

"More than 10 people were injured, mainly men from the Arbil civil defense," said the Iraqi civil defense in a...
  • The fire broke out in a major crude oil tank on Wednesday night
  • The civil defense agency said the fire "started in one refinery before spreading to another"

Gaza war rages as US wants to ‘close’ ceasefire agreement

Doha, Qatar - Top US diplomat Antony Blinken said Wednesday that a truce and hostage release deal to end the Gaza...
  • Blinken, in Doha for the last stop of a tour to promote President Joe Biden's Gaza ceasefire roadmap, said the United States would work with regional partners to "close the deal."
  • Hamas submitted late Tuesday its response to mediators Qatar and Egypt, and Blinken said some of the proposed amendments "are workable and some are not."