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

Air strikes hit convoy crossing into eastern Syria from Iraq

A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the...
  • Iran provides military support to its ally Damascus in Syria's civil war, including through armed factions
  • In the past a US-led coalition fighting the remnants of the Islamic State group in Iraq and Syria has carried out strikes on pro-Iran fighters in Syria.

Pope condemns surge in Middle East violence, urges peace

Francis, 86, cited 10 Palestinians, including a woman, killed in an Israeli army raid on a refugee camp in the...
  • "The death spiral that increases day by day only closes the few glimmers of trust that exist between the two peoples," said the pope
  • "Since the beginning of the year, dozens of Palestinians have been killed in clashes with the Israeli army," said the pope

Blinken seeks to lower tension during Middle East trip

US Secretary of State Antony Blinken arrived in Egypt at the start of a Middle East trip on which he...
  • The United States, with its close relationship to Israel, has historically taken a lead on Middle East diplomacy.
  • Blinken will meet Israeli Prime Minister Benjamin Netanyahu and Palestinian leader Mahmud Abbas

GCC Standardization Organization announces Training Plan for 2023

RIYADH, SAUDI ARABIA - The Gulf Cooperation Council (GCC) Standardization Organization (GSO) has announced its training plan for 2023 in...
  • The 2023 training plan aims at contributing to developing cadres in the national standardization agencies in the member states.
  • He said that the GSO will organize 15 training programs and workshops in a number of the cities in the GCC.

Jordan, EU sign two financing agreements worth US$69m

AMMAN, JORDAN  - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...
  • The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.
  • The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.

Israel seals home of Palestinian behind Jerusalem shooting

Israel announced a slew of steps late Saturday, including revoking the rights to social security of "the families of terrorists...
  • Israel already demolishes the homes of Palestinians who kill Israelis, although they ought to be given prior notice be given to families and the chance to appeal the decision.
  • Israel's security cabinet said there will also be a discussion Sunday over a bill to revoke Israeli identity cards from the relatives of attackers.

UAE climate talks should focus on action, not visions: Ban Ki-moon

The South Korean diplomat, who co-chairs the Ban Ki-moon Centre for Global Citizens, was in the UAE this weekend to...
  • The last UN climate talks held in Egypt agreed on a landmark deal to create a "loss and damage" fund to cover the costs that developing countries face from climate disasters.
  • Ban urged the COP28 presidency to consider "harmonization" between adaptation and loss and damage.

Libya and Italy sign US$8bn gas deal as Europe searches for energy

The agreement was signed in the presence of Meloni and her host Abdulhamid Dbeibah, who heads the UN-brokered Government of...
  • Eni said it was the first major project in Libya since early 2000 and involved the development of two offshore gas fields
  • During her trip to Libya, Giorgia Meloni was expected to discuss the issue of migration amid rising numbers of irregular migrants from Libya to Italy

Turkey comes out with retaliatory travel alert for US, EU

Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran...
  • The US and major European countries have advised their citizens against attending mass events and to avoid tourist hotspots in Turkey
  • The Turkish foreign ministry's first travel advisory warned of "dangerous levels of religious intolerance and hatred in Europe"

Iran earthquake kills two, injures hundreds near border with Turkey

Iran's deadliest recorded quake was a 7.4-magnitude tremor in 1990 that killed 40,000 people in the country's north, injured 300,000...
  • The shallow quake hit the city of Khoy in West Azerbaijan province at 9:44pm (1814 GMT), the Seismological Center of the University of Tehran said
  • Iran sits astride the boundaries of several major tectonic plates and experiences frequent seismic activity

Hamas rejects reported plan for US takeover of Gaza and relocation of its residents

Hamas denounced on Monday a plan reportedly being considered by US President Donald Trump for the United States to take...

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Rafah battles intensify as Israel takes over Gaza-Egypt border strip

Israel said on Wednesday its forces had taken over the 14-kilometre Philadelphi corridor on the Gaza-Egypt border

Car ramming attack kills two Israeli soldiers in West Bank: army

A car ramming attack killed two Israeli soldiers near the city of Nablus in the occupied West Bank, the Israeli...

China’s Xi to address Arab leaders seeking ‘common voice’ on Gaza

Meeting Sisi on Wednesday, Xi said he was "deeply pained" by the "extremely severe" situation in Gaza, where the Hamas-run...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza civil defense says new Israel strike kills 21 in West Rafah camp

Israel launched its controversial assault on Rafah earlier this month, dismissing concerns for the safety of the 1.4 million Palestinian...
  • 21 people had been killed in an "occupation strike targeting the tents of displaced people west of Rafah"
  • An Israeli strike on Sunday set ablaze a crowded camp in Rafah, killing 45 people

Saudi king chairs cabinet meeting after ‘recovery’

The meeting comes nearly 10 days since the royal court said the king had a lung infection and was undergoing...
  • King Salman "thanked his sons and daughters, the people of the kingdom, for their kind prayers" during his recovery
  • He also expressed his gratitude to everyone who sent him wishes of health and well-being

Egypt military says guard killed in ‘shooting’ at Rafah border

Al-Qahera News, which has links to Egyptian intelligence, quoted a defence official as saying an initial probe of the shooting...
  • The Israeli military reported a "shooting incident" on the Egyptian border and said it was discussing the incident with Egypt
  • Since May 7, Israeli forces have been operating in Rafah, a city in the far south of the Gaza Strip bordering Egypt