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

Netanyahu removes interior minister after Supreme Court order

Jerusalem, Undefined - Israeli Prime Minister Benjamin Netanyahu removed a top minister from office Sunday following a Supreme Court ruling against...
  • Leader of the ultra-Orthodox Jewish party Shas, Deri was appointed health and interior minister last month.
  • On Wednesday, the Supreme Court ruled that Netanyahu "must remove Deri from his position" due to a tax evasion conviction.

Arab states boycott meeting hosted by Libya’s unity government

The snub underlines Arab divisions over the Tripoli-based government, whose legitimacy is contested by a rival administration in the war-torn...
  • Four members sent lower-ranking ministers or ambassadors while Arab League chief Ahmed Aboul Gheit was also absent.
  • The unity government was the product of a United Nations-mediated peace process following the country's last major battle in 2020.

Iranian women political prisoners urge end to protester executions

PARIS, FRANCE - Thirty women political prisoners in Iran, including a Franco-Iranian academic and the daughter of a former president, on...
  • The signatories included Franco-Iranian researcher Fariba Adelkhah.
  • Another is former lawmaker Faezeh Hashemi, the daughter of former president Akbar Hashemi Rafsanjani.

CBUAE, Egyptian Banking Institute discuss training, cooperation

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...
  • CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
  • They also discussed supporting professional capabilities-building and expertise development.

Iran warns of ‘reciprocal’ action after EU labels Guards terror group

Members of the European Parliament voted on Wednesday to include the Guards on the 27-nation bloc's terror list in "light...
  • Iran's parliament speaker Mohammad Bagher Ghalibaf said that parliament would "recognize the armies of the European countries... as terrorist groups".
  • The Guards, formed shortly after the 1979 Islamic Revolution, answer to Iran's supreme leader Ayatollah Ali Khamenei and boast their own ground, naval and air forces.

King Charles III coronation to be a star-studded event

The coronation traditionally takes place some months after a new sovereign has ascended to the throne, following a period of...
  • The palace said the three days of ceremonial, celebratory and community events in early May will be a chance for "people to come together in celebration of the historic occasion"
  • Several thousand pairs of tickets will be made available through a public ballot, while volunteers from charities supported by Charles and Camilla will also be able to attend

Sweden’s NATO bid hits roadblock as row heats up with Turkey

President Recep Tayyip Erdogan's objections to Sweden's NATO membership rest largely on Stockholm's refusal to extradite Turkish nationals Ankara wants...
  • Erdogan wants more action from Stockholm against the Kurdistan Workers' Party, listed as a terror group by Turkey and its Western allies
  • Earlier this month, Ankara called in Sweden's ambassador after pro-Kurdish activists hung an effigy of Erdogan from its feet, comparing him to Benito Mussolini

Former PM Yair Lapid joins mass rally against Israel govt

The demonstration was the largest so far since Lapid's successor Benjamin Netanyahu returned to power last month at the head...
  • The Tel Aviv demonstration also drew opponents to Israel's occupation of the Palestinian territories, as many ministers are ardent supporters of settlement expansion
  • Judicial revamp has been met with rare public criticism from Supreme Court president Esther Hayut, who branded it an "unbridled attack" earlier this month

Egypt sets free businessmen detained on terrorism charges

Authorities in Egypt released two noted businessmaen after some two years in pretrial detention on terrorism-related charges, according to the...
  • Safwan Thabet was arrested in December 2020 and charged with joining and financing the banned Muslim Brotherhood, branded a terror group in 2013
  • Egypt released hundreds of political prisoners last year, though rights groups estimate some 60,000 remain in detention,

Iraq finalizes fresh air deals with Gulf countries

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
  • A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
  • He added that in the future, there may be air agreements with Kuwait as well.

Lebanon parliament speaker calls for dialogue over Hezbollah weapons

Beirut, Lebanon -- Lebanon's Speaker of Parliament Nabih Berri, an ally of the Iran-backed Hezbollah, called on Sunday for dialogue...

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Israel, Hamas reject bid before ICC to arrest leaders for war crimes

Israel and Hamas, engaged in heavy fighting in the Gaza Strip, both angrily rejected on Monday moves to arrest their...

Amal Clooney helped ICC weigh Gaza war crimes evidence

Washington, United States - Amal Clooney helped the International Criminal Court weigh evidence that led to the decision to seek arrest...

Iran media declares President Raisi dead, no official confirmation yet

"The president of the Islamic Republic of Iran, Ayatollah Ebrahim Raisi, had an accident while serving and performing his duty...
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US envoy touts ‘potential’ of Israel-Saudi deal in Netanyahu talks

US National Security Advisor Jake Sullivan says there is a potential of Israel-Saudi normalization deal if Netanyahu alters his political...
  • An Israeli strike killed 31 people in central Gaza on Sunday, said the Palestinian territory's civil defense agency
  • President Biden said Sunday he heard the voice of Gaza war protesters as some students turned their backs during his speech

Prayers and concern in Iran as President Ebrahim Raisi’s helicopter remains missing

Search and rescue teams are looking for the crash site in the remote mountain area, says Iranian state media, adding...
  • The harsh weather conditions and heavy fog have made it difficult for the rescue teams to reach the accident site.
  • Iranian president's convoy included three helicopters, and the other two had "reached their destination safely.

Oil tanker hit by missile off Yemen, no casualties

"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea...
  • The attack caused some flooding "which resulted in the loss propulsion and steering", CENTCOM said
  • The Houthis who control much of Yemen have launched dozens of attacks on vessels in and around the Red Sea