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, France foreign ministers discuss strategic partnership

ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan received French...
  • The UAE and French ministers discussed bilateral relations and available opportunities for expanding cooperation between the two countries.
  • The two sides stressed their keenness to continue consultations and coordination on issues of mutual concern.

US, UAE officials discuss financial crimes

ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led...
  • Officials from both the countries reiterated their commitment to the continued dialogue between the two sides.
  • They agreed to exchange respective experiences on efforts pertaining to Virtual Assets and Virtual Asset Providers (VASPs), supervisory efforts.

Saudi Arabia, France ink MoU on energy cooperation

The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart...
  • The MoU encourages cooperation between the two countries in the fields of electricity, renewable energy, energy efficiency, energy storage, smart grids
  • It also promotes cooperation in digital transformation, localization of materials, products and services in the energy supply chain

Sudan, Israel agree to move forward with ‘normalisation’

Sudan in January 2021 formally agreed to normalize relations with Israel in a quid pro quo for the United States...
  • Sudan had for decades maintained a rigid anti-Israel stance under longtime autocratic president Omar al-Bashir, who was ousted in April 2019
  • Israeli Foreign Minister said he expects relations to be formalized by the end of 2023, but not before Sudan appoints a civilian government

After Netanyahu talks, Macron warns of Iran nuclear ‘consequences’

France agrees that "firmness" is needed in dealings with Iran, a diplomatic source told earlier, saying the nuclear program had...
  • In a statement released after a dinner meeting with Nenyahu in the Elysee Palace, Macron warned that Tehran continuing with the atomic project "would inevitably have consequences"
  • Israeli Prime Minister Benjamin Netanyahu's visit came after a weekend drone attack on a defense ministry facility in the Iranian city of Isfahan, which Tehran has blamed on Israel

In Morocco, Spain PM reinforces ties after crisis

The visit comes less than a year after the Spanish leader drew a line under a year-long diplomatic crisis by...
  • Around 20 deals were signed on Thursday to bolster Spanish investments in areas including renewable energy to education
  • Both countries said they were progressing in preparations to open customs offices in Ceuta and Melilla, Spain's two North African enclaves

Iraq hopes talks can resolve hitches in US$10bn Total deal

Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed...
  • The French energy giant had signed the US$10-billion contract with Iraq in September 2021.
  • The partnership has struggled to materialize amid reported signs of discord between the two sides.

France to host international meet on crisis-hit Lebanon

The Paris gathering is to be attended by representatives from France, the United States, Saudi Arabia, Qatar and Egypt. Lebanon...
  • The political impasse has hampered efforts to lift the Mediterranean country out of its worst-ever financial crisis.
  • The currency has lost more than 95 percent of its market value to the dollar since 2019, and more than 80 percent of the population lives in poverty.

Israel PM in France, hopes to gain support on Iran

Israeli Prime Minister Benjamin Netanyahu will hold talks with French President Emmanuel Macron hoping to gain support against Iran's nuclear...
  • Netanyahu hopes that Iran's role supplying drones to Russian troops in Ukraine will prompt Western allies to drop ideas of a revival of the 2015 nuclear deal.
  • Iran holds several foreign nationals who Western governments see as political hostages.

Israel hits Gaza Strip, hours after intercepting rocket fire

Gaza City, Palestinian Territories--Israel conducted air strikes on the central Gaza Strip early Thursday, according to AFP journalists and witnesses, hours...
  • According to local security sources and witnesses, the first strikes hit a training centre of the Ezzedine al-Qassam Brigades
  • Gaza, densely populated with 2.3 million people, has been under an Israeli blockade since Hamas took power in 2007

Post SCO summit, Kim, Putin at Xi’s side for massive China military parade in Beijing

In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet...

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Israeli strike in South Lebanon kills one

An Israeli strike targeting a motorcycle in Lebanon killed one person and wounded another, according to the National News Agency...

Trump warns jail time could be ‘breaking point’ for supporters

In an interview aired Sunday on Fox News, the former president and current Republican White House hopeful acknowledged the possibility...

12 pro-regime fighters killed in Israeli strike near Syria’s Aleppo: NGO

The Syrian Ministry of Defence said in a statement that "after midnight... the Israeli enemy launched an air attack from...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza mediators urge Israel, Hamas to accept truce plan

Rafah, Palestinian Territories - Qatari, Egyptian and US mediators called on Israel and Hamas Saturday to "finalise" the truce deal outlined...
  • Fighting has raged in the besieged Gaza Strip since Biden said Israel was offering a new roadmap towards a full ceasefire
  • But Israeli Prime Minister Benjamin Netanyahu has since insisted his country would pursue the war until it had achieved all its aims

Hamas says Israel’s Gaza ceasefire proposal ‘positive’

The US president urged Hamas to accept the Israeli offer. "It's time for this war to end, for the day...
  • But Israeli Prime Minister Benjamin Netanyahu insisted the army would continue fighting until it had "eliminated" Hamas's capacity to rule Gaza and pose a military threat
  • Biden's address came as Israeli troops pushed into central Rafah, escalating the war with Hamas despite international objections to any assault on the southern Gaza city

Houthis launch fresh drone, missile attacks from Yemen: US

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...
  • US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over the Red Sea and another over the Gulf of Aden - while a fifth drone crashed
  • The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships