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

Should fossil fuel firms be forced to clean up carbon pollution?

The study said impelling fossil fuel firms to use technologies to suck carbon from the air and bury it back...
  • Researchers suggest, in the study published Thursday, that the principle of extended producer responsibility should be extended to the oil, gas and coal industries.
  • The study's authors, including scientists and experts said the paper was a response to the energy crisis and potential lessons for the challenge of getting to net zero emissions

Saudi Arabia to use own uranium for nuclear project: minister

Seeking to reduce its dependence on crude, the world's biggest oil exporter, Saudi Arabia, has said that the kingdom intends...
  • Riyadh approved its national atomic energy policy in March 2018 which limited nuclear activities to peaceful purposes and called for enhanced safety measures
  • In 2021, the United Arab Emirates announced that its Barakah nuclear power plant had begun commercial operations as the first in the Arab world

Iran and Iraq spar over naming of soccer event as Arabian Gulf

Tehran, Iran -- Iran has protested to Iraq over the use of the name "Arabian Gulf" for a regional football competition...
  • The Islamic republic insists the body of water should be called the "Persian Gulf".
  • It is the first time Iraq has hosted the biennial competition -- referred to as the "Gulf Cup".

Cost of living crisis biggest short-term risk: WEF Report

The World Economic Forum’s Global Risks Report 2023 says conflict and geo-economic tensions have triggered a series of deeply interconnected...
  • The report said the window for action on the most serious long-term threats is closing rapidly and concerted, collective action is needed before risks reach a tipping point.
  • Failure to mitigate and adapt to climate change, natural disasters, biodiversity loss and environmental degradation represent five of the top 10 risks.

Israeli restrictions on Palestinian flags ‘repressive’: Amnesty

Israel's new firebrand National Security Minister Itamar Ben-Gvir ordered the police commander on Sunday to authorize officers to remove Palestinian...
  • Amnesty called the new measures "repressive" and an "audacious attack on the rights to nationality, freedom of expression and freedom of peaceful assembly"
  • Itamar Ben-Gvir, the new National Security Minister who has ordered to remove Palestinian flags flying in public spaces, has a history of inflammatory remarks about Palestinians

EU warns TikTok chief to respect data privacy laws

TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and...
  • TikTok has come under fierce Western scrutiny in recent months over concerns about how much access Beijing has to user data
  • Last month, TikTok admitted that ByteDance staff accessed data from the app to track journalists in a bid to identify the source of leaks to the media

US Navy says seizes weapons en route from Iran to Yemen

DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along...
  • A grinding war has killed hundreds of thousands and pushed Yemen to the brink of famine.
  • A UN-brokered ceasefire that took effect in April brought a sharp reduction in hostilities.

Israel, Arab allies talk security at Negev Forum in Abu Dhabi

Around 150 representatives from Bahrain, Egypt, Israel, Morocco, the UAE and the United States discussed boosting security cooperation through information...
  • The US State Department described the two-day discussion in #AbuDhabi as "the largest meeting between Israel and its regional partners" since a 1991 Madrid conference.
  • The Abu Dhabi gathering follows a visit last week to Jerusalem's Al Aqsa mosque compound by Israel's new right-wing national security minister, firebrand Itamar Ben-Gvir.

Masdar inks deal to produce 1GW of clean energy in Kyrgyzstan

ABU DHABI, UAE - Masdar has announced the signing of an agreement with the Ministry of Energy of Kyrgyz Republic...
  • The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV) plant.
  • The 200 MW plant is scheduled to begin operation by 2026.

Record cocaine seizures in Antwerp as Belgium battles drug gangs

The annual figure was released one day after an 11-year-old girl was shot dead in a gun attack on an...
  • Seizures in 2022 were up from 89.5 tons last year. Across the Netherlands border, in nearby Rotterdam and Vlissingen, Dutch police battling the same gangs intercepted a further 52.
  • The European drugs monitoring agency estimated in 2020 that the EU retail cocaine market was worth between 7.7 billion and 10.5 billion euros.

Israel army says Gaza City now ‘a dangerous combat zone’

The Israeli military, however, is gearing up to expand the fighting and seize Gaza City, with its Arabic-language spokesman saying:...

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Kuwait emir dissolves parliament in new political crisis

The state's ruler attributed his move to the "interference" of some MPs in the emir's powers and others imposing "conditions"...

Hamas says ‘ball is completely’ in Israel’s hands in Gaza truce talks

"The negotiating delegation left Cairo heading to Doha. In practice, the occupation (Israel) rejected the proposal submitted by the mediators...

Israel hits Rafah despite US warning on arms transfers

In an interview with CNN on Wednesday, Biden warned he would stop some US weapons supplies to Israel if it...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Biden threatens to stop arm shipments if Israel invades Rafah

Biden, a self-described Zionist, had long resisted stopping any of the $3 billion in weapons the United States sends each...
  • In an interview with CNN Biden also deplored the fact that civilians had been killed by the dropping of US bombs on the Palestinian territory
  • His fresh warning came after the US last week halted a shipment of huge American bombs to Israel as it appeared ready to proceed with a major attack on Rafah

Empty streets and ‘fear’ in Gaza’s Rafah since Israeli incursion

Rafah, Palestinian Territories - Displaced Gazan Marwan al-Masri, sheltering in Rafah, said on Wednesday "life has completely ceased" since Israeli tanks...
  • More than 1.4 million people had crammed into Rafah, a city on the Gaza Strip's southern border with Egypt, as Israeli forces pushed their way southward
  • Caught between Israeli shelling from the east, an Egyptian border to the south and the Mediterranean to the west, many fleeing Rafah went north

Israel seizes Rafah crossing as Gaza truce talks resume

Egypt's state-linked Al-Qahera News reported that mediators from Qatar, the United States and Egypt were meeting with a Hamas delegation.
  • A senior Hamas official warned this would be Israel's "last chance" to free the estimated 128 captives still held in Gaza, including 36 officials who are dead
  • Israel's offensive has killed at least 34,789 people in Gaza, mostly women and children, according to the Hamas-run territory's health ministry