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

Palestinians mull next moves after Israel minister’s Al-Aqsa visit

Hours after Ben-Gvir's appearance at the sensitive site, Hamas and other militant groups held emergency meetings to discuss a "proportionate"...
  • Jamal al-Fadi, a politics professor at Gaza's Al-Azhar University, said Hamas "does not want a new military escalation and is currently gauging American and Arab reactions".
  • Israel's left-wing daily Haaretz cautioned a key moment would come Friday, when thousands of Muslims gather at the compound for prayers.

Japan’s PM to meet Biden in Washington, visit other G7 allies

The two leaders are expected to discuss regional security challenges, including North Korea and China, as well as Russia's invasion...
  • Japan is assuming the presidency of the G7 grouping and Kishida said he also plans to visit members France, Italy, Canada and Britain this month
  • Kishida will host the G7 leaders summit in Hiroshima in May and wants to put achieving a world free of nuclear weapons on the international agenda

Pakistan expects a boost in trade with UAE in 2023

Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion,...
  • The ambassador said the UAE is the biggest trading partner of Pakistan in the MENA region and that CEPA would provide an opportunity for the two countries to increase trade
  • More than a million Pakistanis residing in the UAE sent $6.11 billion in remittances during 2020-21

Turkey hosts Syria opposition after outreach to Assad

Erdogan's hopes for talks with Assad follow calls from Turkey's main opposition party as it is pressing Erdogan to speed...
  • Erdogan has suggested that the talks between the defense chiefs be followed up by a meeting between the foreign ministers that could set up a potential presidential summit
  • Erdogan's foreign policy adviser Ibrahim Kalin confirmed that Ankara was now pressing Damascus to take steps for the return of Syrian refugees who fled the fighting to Turkey

Iraq says former official returned fraction of stolen US$2.5BN

The government of Prime Minister Mohammed Shia al-Sudani took over from Kadhemi in October and has made regular announcements about...
  • The anti-corruption agency identified the suspect who returned the funds as Haitham al-Juburi, who is in detention and a former adviser to ex PM Mustafa al-Kadhemi
  • According to a document of tax authority, $2.5 billion was allegedly expropriated between September 2021 and August last year through 247 cheques cashed by five enterprises

Iran vows revenge three years after killing of Soleimani by US

President Ebrahim Raisi of Iran has vowed to avenge the killing of a top Iranian general three years ago in...
  • He was one of the country's most popular public figures, who spearheaded Iran's Middle East operations and was seen as a hero of the 1980-88 Iran-Iraq war
  • The Pentagon said at the time that Soleimani had been "actively developing plans to attack American diplomats and service members in Iraq and throughout the region

Mideast powers condemn Israel minister’s visit to Al-Aqsa compound

The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an...
  • Ben-Gvir's visit comes days after he took office as national security minister, with powers over the police, giving his decision to enter the sensitive site considerable weight.
  • Ben-Gvir has advocated for Arab-Israelis deemed disloyal to the state to be expelled and for the annexation of the occupied West Bank.

From F1 to CR7, Saudi Arabia’s sports shopping spree

Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by...
  • The 2029 Asian Winter Games will be held at NEOM, an under-construction $500 billion megacity that is planning a year-round winter sports complex.
  • Saudi money has created a schism in the golf world with the heavily funded LIV Tour, which has lured some top players.

Turkey’s inflation rate slows sharply to 64.3%

Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to...
  • Consumer prices rose by 64.3 percent in December compared to an 84.4-percent year-on-year increase in November
  • Turkey's economy has been going through convulsions since Erdogan tried to fight inflation by bringing down borrowing costs

Saudi-China relations warm up with strategic deals

A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
  • A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.
  • The two sides had recently signed several agreements and MoUs to enhance bilateral ties to serve the interests of the two countries and their people.

Israel ups pressure on famine-struck Gaza City as Trump talks post-war plan

On the ground, Gaza's civil defence agency said Israeli strikes and gunfire killed at least 38 people on Wednesday, including...

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European, Arab ministers meet in Saudi to jump-start two-state solution

Earlier on Monday, European Union foreign policy chief Josep Borrell told reporters he would encourage Arab leaders to put forward...

Forty-day ceasefire offered to Hamas: UK foreign secretary

US Secretary of State Antony Blinken renewed US opposition to an Israeli offensive on Gaza's southernmost city of Rafah. "We...

Blinken promotes Gulf Arab defence in sign to Israel and Iran

US Secretary of State Antony Blinken called Monday for tighter defence integration among Gulf Arabs in response to Iran, part...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Blinken to Saudi as window shrinks on Middle East mega-deal

US Secretary of State Antony Blinken's visit to Riyadh comes nearly seven months after the eruption of war in Gaza...
  • The US State Department said that Blinken will discuss "a pathway to an independent Palestinian state with security guarantees for Israel."
  • As fighting drags on and mediators struggle to lock in a truce, Saudi officials have reiterated their insistence on recognition of an independent Palestinian state

Ship attacked by missiles off Yemen coast: UK agency

In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the...
  • There was no immediate claim of responsibility for the attacks, which the United Kingdom Maritime Trade Operations said took place southwest of the Yemeni port of Mokha.
  • The latest incidents follow a lull in attacks by Yemen's Iran-backed Houthi rebels, who have launched dozens of missile and drone strikes targeting shipping since November

Geopolitical unrest generates an onslaught of DDoS attacks

NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use...
  • Hacktivist Groups increase activity globally
  • Over 7 million DDoS attacks in H2 2023