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

Iranians celebrate 44th anniversary of Islamic revolution

this year, many flag-waving people travelled on foot to converge on the capital's iconic Azadi (Freedom) Square, despite chilly temperatures....
  • State television said the celebrations were held in 1,400 cities and towns across the country, airing footage of large rallies in Isfahan, Mashhad, Shiraz, and Tabriz
  • For the past two years, the 1979 overthrow of the Western-backed Shah was commemorated mainly in vehicles and on motorcycles due to Covid restrictions

UAE and Japan to boost collaboration in skill development

The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.
  • The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources.
  • The meeting also reviewed the legislation and procedures regulating the UAE labor market.

Children found alive as Turkey-Syria quake toll tops 22,000

In the Turkish city of Kahramanmaras, one of those hit hardest, the stench of death clung to the air. But...
  • In the 105th hour, rescuers pulled 18-month-old Yusuf Huseyin from the debris in the southeastern city of Antakya.
  • UN Secretary-General Antonio Guterres urged the Security Council to authorize the opening of new cross-border humanitarian aid points between Turkey and Syria.

Russia to slash oil output by 5% over Western price cap

Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...
  • The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.
  • "Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.

World Bank to provide Turkey $1.78 bn for recovery after quake

The 7.8-magnitude quake struck as people slept early Monday, with Turkish officials saying that over 70,000 people have been injured...
  • Immediate assistance of $780 million will be offered via Contingent Emergency Response Components from two existing projects in Turkey
  • An added $1 billion in operations is being prepared to support people affected amid recovery and reconstruction from the catastrophe

Hopes of finding survivors fade as Turkey-Syria quake toll nears 20,000

Bitter cold has hampered the four-day search of thousands of flattened buildings and threatened the lives of many quake victims...
  • Chances of finding survivors have dimmed now that the 72-hour mark that experts consider the most likely period to save lives has passed.
  • Despite the dimming hopes for rescues, thousands of local and foreign searchers have not given up in the hunt for more survivors.

European Union leaders offer ‘full solidarity’, aid to Erdogan

Brussels, Belgium--The 27 EU leaders wrote to their Turkish counterpart President Recep Tayyip Erdogan on Thursday to express their "full...
  • The leaders sent their message at the start of their Brussels summit. A video call with Erdogan was contemplated but it was not clear if this would be possible.
  • Many countries around the world, including EU members, have sent emergency teams and aid, and Europe is keen to do more, fearing a new wave of refugees from the region.

Turkey, Syria quake economic losses may exceed $4 billion: Fitch

More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
  • More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
  • Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area.

Row over West Bank outpost exposes Israel cabinet split

Jerusalem--Cracks have emerged within Israeli Prime Minister Benjamin Netanyahu's hardline government, with a row over the demolition of a settlement...
  • Netanyahu vowed in December to expand settlements across the West Bank, as he returned to power at the helm of the most right-wing government in Israeli history.
  • Despite being considered illegal by the state, two far-right members of the cabinet, Finance Minister Bezalel Smotrich and Public Security Minister Itamar Ben-Gvir, objected.

Bahrain loses state immunity bid in spyware lawsuit in UK filed by dissidents

According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data.
  • According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data
  • The software also allows users to enable microphones and cameras on electronic gadgets to perform live surveillance and monitor their whereabouts

Israel expecting one million Gazans to flee new offensive, planning “humanitarian area” for them

The Israeli military has been gearing up to seize Gaza City, the Palestinian territory's largest urban centre, with the United...

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Erdogan visits opposition party headquarters first time in 18 years

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan visited the opposition CHP party headquarters on Tuesday, the first time in 18...

Blinken in Israel to push ceasefire plan for Gaza

US Secretary of State Antony Blinken will hold talks with key Israeli opposition figures on Tuesday, a day after he...

Israeli forces kill 4 Palestinians in West Bank

The Israeli military said it shot at a group of four people who attempted to flee in a vehicle and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Blinken returns to Mideast in push for truce

US Secretary of State Antony Blinken was heading back to the Middle East on Monday to push a ceasefire plan,...
  • The US also called for a UN Security Council vote on a truce
  • Overall Israel's military offensive has killed at least 37,084 people in Gaza

Israel army says senior commander resigns over Oct 7 attack

Israel's army said Sunday that a senior commander had resigned over what he called his failure to prevent the October...
  • Rosenfeld wrote in a resignation letter released by the army: "Everyone has to take responsibility for their part, and I am the one responsible in Division 143."
  • "On October 7, I failed my life's mission: to protect the envelope," he wrote, referring to the southern Israeli communities on the border with Gaza

US destroys drones, missiles in Houthi-controlled areas of Yemen

Houthi television channel Al-Massirah meanwhile said there were air strikes in the Yemeni capital Sanaa and elsewhere in the country...
  • The Houthis have been targeting vessels in the Red Sea and Gulf of Aden since November 2023 in attacks they say are in solidarity with Palestinians in Gaza
  • Houthi attacks have sent insurance costs spiraling for vessels transiting the Red Sea and prompted many shipping firms to take the longer passage around the southern tip of Africa