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

Iranian diaspora demand EU blacklisting of Revolutionary Guards

Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States...
  • European parliament speaker Roberta Metsola pledged to the demonstrators that the EU was standing with the protesters in Iran
  • Activists accuse the Revolutionary Guards of playing a key role in the crackdown on the protests which according to rights groups has left hundreds dead

Violence erupts in Morocco in operation to clear out migrants

Violence broke out in an illegal camp in Casablanca when police sought to remove migrants, injuring an officer and leaving...
  • The area on the edge of Casablanca is periodically the scene of tensions between authorities and migrants living in scattered, unsanitary camps
  • The Moroccan Association for Human Rights (AMDH) denounced police "violence" during the operation

AI-powered project in Turkey improves wildfire prediction

Geneva, Switzerland: A project powered by Artificial Intelligence piloted in Turkey last year has improved wildfire prediction by combining static...
  • The FireAId initiative, launched by the World Economic Forum in Jan 2022, is being scaled for wider use.
  • In the US, there have been around 1.5 million wildfires since 2000, burning an average 7 million acres annually.

Global recession likely in 2023, say WEF chief economists

Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...
  • In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.
  • One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.

Countries which transform food system can meet net-zero goals, says WEF report

DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...
  • Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.
  • The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.

Europe investigators question witnesses over Lebanon central bank chief

European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...
  • Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.
  • The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.

Egypt hands businessman life sentence over rare protests

The court sentenced Ali to life in prison together with 37 co-accused, while several dozen others were handed prison terms...
  • Mohamed Ali, a construction contractor and fledgling actor, burst onto Egypt's political scene in 2019 when videos he posted on social media accusing Sisi of corruption
  • His posts, filmed from Spain where he has lived for several years, racked up millions of views and briefly sparked a wave of small-scale but boisterous demonstrations

Morocco fumes at comments to ‘free’ W.Sahara at Africa football cup

Cairo, Egypt--The Confederation of African Football (CAF) said Sunday it will investigate comments made at the African Nations Championship in Algeria...
  • The two countries are locked in a bitter rivalry partly over Western Sahara, where the Algiers-backed Polisario movement seeks an independence referendum
  • Morocco on Friday decided not to send its under-23 team to the CHAN tournament after Algeria refused to authorize a direct flight from Rabat

EU parliament chief to unveil reforms amid graft scandal

The parliament has been the focus of intense scrutiny since the scandal broke open a month ago with the arrest...
  • Belgian prosecutors are investigating alleged graft in the European Parliament benefitting Qatar and Morocco
  • Qatar has denied having any role in any wrongdoing in the case, Morocco says it is the target of unjustified "media attacks" over the allegations

Majid Al Futtaim among firms to halve real estate emissions by 2030

These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related...
  • Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL Schneider Electric and Signify were the other firms that pledged the emissions cut.
  • These firms will meet these targets by implementing the Forum’s Green Buildings Principles, which provides a sequence of steps to deliver net-zero carbon real-estate portfolio.

Red Cross warns against evacuation of Gaza City as Israel tightens siege

The Red Cross warned on Saturday that any Israeli efforts to evacuate Gaza City would put residents at risk, as...

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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...

Hezbollah commander among two killed in Israeli strike: source

Lebanese state media said an Israeli strike on a car in the country's south killed two people Tuesday, with a...

Palestinians mark ‘Nakba’ anniversary as thousands flee Gaza’s Rafah

Tens of thousands of civilians fled the southern Gaza city of Rafah ahead of a threatened Israeli ground offensive, as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Lebanon resumes ‘voluntary’ repatriations of Syrians

Syrian state news agency SANA reported that an unspecified number of people had arrived from Lebanon as part of the...
  • Around 330 people had registered to be part of the "voluntary return"
  • Lebanon, which has been mired in a crushing economic crisis since late 2019, says it hosts around two million Syrians, the world's highest number of refugees per capita

Fierce fighting rocks Gaza after US warning of anarchy, insurgency

The city on the Egyptian border had been sheltering 1.4 million Palestinians, according to the United Nations, but Israel's military...
  • AFP correspondents in Gaza reported helicopter strikes and heavy artillery shelling in the east of Rafah, as well as battles in northern Gaza's Jabalia refugee camp
  • Israel last week defied a chorus of warnings - including from top ally Washington - and sent tanks and troops into the east of Rafah to pursue fighters

Israel opens new border crossing into northern Gaza

Israel said its Kerem Shalom southern crossing with Gaza reopened on Wednesday, three days after being closed because of rocket...
  • Israeli tanks entered Rafah in southern Gaza on Tuesday, seizing control of the Palestinian side of the crossing from Egypt
  • The United Nations has said it has not been able to receive aid through Gaza's two main crossings in days