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

DEWA showcases its sustainability projects to French, Cuban delegations

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...
  • The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.
  • The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.

Iran denounces EU parliament for urging sanctions on Guards

Foreign Minister Hossein Amir-Abdollahian "strongly criticized the emotional approach of the European parliament and labelled the move inappropriate and incorrect"...
  • Iranian foreign minister's remarks came a day after MEPs voted in an amendment to an annual foreign policy report to urge the EU to blacklist the IRGC
  • The European parliament cited the IRGC's "terrorist activity, repression of protesters and supply of drones to Russia" in its blacklisting call

Two killed in Israeli raid in Jenin: Palestinian ministry

The ministry announced the "martyrdom of Jawad Farid Bawaqna, 57, killed by a bullet in the chest, and Adham Mohammed...
  • Jenin incident raises the toll of Palestinians killed this month in the West Bank to 17, including civilians and militants
  • A surge in violence in 2022 made it the deadliest year in the West Bank since United Nations records began in 2005

Turkey asks US for F-16 jets amid NATO, Congress rows

Meeting US Secretary of State Antony Blinken, Turkish Foreign Minister Mevlut Cavusoglu said he intended to discuss his country's request...
  • United States is finalizing a $20 billion package for Turkey that is expected to include around 40 new F-16 fighter jets
  • Senator Bob Menendez, a member of Biden's Democratic Party who heads the Senate Foreign Relations Committee, has vowed to block any sale

Scholz pledges support for Ukraine, but silent on battle tanks

Despite pressure on him to authorize delivery of tanks to Ukraine, German Chancellor Olaf Scholz pledged support to the war-scarred...
  • European allies have implored the German chancellor to agree to the export of German-made Leopard heavy tanks to help Ukraine repel Russia's invasion
  • Western countries supporting Ukraine are set to meet at the US-run Ramstein military base in Germany on Friday to coordinate their latest pledges to Ukraine

Dialogue best way to resolve differences with Iran: Prince Faisal

There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is...
  • Saudi Arabia has been trying to find a path to dialogue with Iran as the best way to resolve differences, says the Kingdom’s Foreign Minister
  • Saudi Prince Faisal bin Farhan adds that his country is working to stabilize energy security in the region and across the globe

Erdogan signals Turkey general polls might be held a month ahead

Analysts believe that Erdogan's office is looking for a perfect moment at which his own voters are more likely to...
  • Erdogan and his Islamic-rooted party have ruled Turkey for two tumultuous decades that have seen years of economic booms and busts
  • His secular opposition enters the campaign divided over everything from policy to strategy and has not agreed on a candidate

UN chief calls for urgent actions as world faces Category 5 storm

Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the...
  • On climate change, he called on world leaders to put forward credible and transparent transition plans to achieve net-zero emissions.
  • He also said a “morally bankrupt financial system” is amplifying systemic inequalities.

CEOs back unlocking Africa free trade area’s $3.4 trillion potential

Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of...
  • The AfCFTA is the largest free trade area in the world, by area and number of participating countries.
  • Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment.

Geopolitical instability may lead to catastrophic cyberattack: Report

Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...
  • The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.
  • Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.

Aid flotilla with Greta Thunberg set to sail for Gaza

The vessels will set off from the Spanish port city to "open a humanitarian corridor and end the ongoing genocide...

Company News

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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...

Israel calls for immediate release of hostages, reports two Thai people held in Gaza killed

The Israeli army said Thursday that two Thai hostages earlier believed to be alive in Gaza were killed in the...

Arab League calls for UN peacekeepers in Palestinian territories

In a concluding statement following a meeting in Manama, the 22-member grouping called for "international protection and peacekeeping forces of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Israel says more troops to ‘enter Rafah’ as operations intensify

Israeli forces took control earlier in May of the Gaza side of the Rafah crossing with Egypt, in a push...
  • The operation "will continue as additional forces will enter" the Rafah area, Gallant said
  • Israel's top ally the United States has warned that it had not seen any credible Israeli plan to protect civilians in Rafah

Hamas chief says group to decide on post-war Gaza rule with Palestinian factions

Ismail Haniyeh on Wednesday said the movement will be involved in deciding post-war rule in Gaza along with other Palestinian...
  • Haniyeh also said the fate of truce talks was uncertain because of Israel's "insistence on occupying the Rafah crossing and on its expansion of the aggression."
  • His comments came after Netanyahu said any discussion on who rules Gaza after the war was just "empty talk" as long as Hamas remains in the territory

Israel PM says no ‘humanitarian catastrophe’ in Rafah as almost 500,000 evacuated

The United Nations said Tuesday that nearly 450,000 people had been displaced from Rafah since Israel first began issuing evacuation...
  • The international community, including Israel's top ally Washington, had urged Israel to refrain from launching a ground offensive in Rafah
  • But Netanyahu insisted that "the humanitarian catastrophe that was spoken about did not materialise, nor will it"