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

Israel thanks Morocco for protecting Jews during Holocaust

The letter from Herzog - marking two years since Morocco normalized ties with Israel - was the first occasion an...
  • Herzog mentioned Jews settling in Morocco following their expulsion from Spain in late 15th century, before noting Morocco's protection of Jews during World War II
  • Rabat cut relations with Israel in 2000 following the outbreak of the second Palestinian intifada but in December 2020, the two countries formalized ties

World economy faces more pain in 2023 after a gloomy year

Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency...
  • Many countries are now grappling with cost-of-living crises because wages are not keeping up with inflation
  • Consumer prices in the Group of 20 developed and emerging nations are expected to reach eight percent in the fourth quarter

Israeli envoy to Turkey presents credentials to Erdogan

Turkey, too, has appointed an ambassador to Israel. A presidential decree in November named Sakir Ozkan Torunlar to the post,...
  • Bilateral relations between Israel and Turkey began to fray in 2008 following an Israeli military operation in Gaza
  • Despite past tensions between the two, Erdogan last month congratulated Benjamin Netanyahu on his victory in the general election

Iran to show ‘no mercy’ toward opponents of Islamic republic: Raisi

The "riots", as Tehran generally refers to them, were triggered by the September 16 death in custody of Iranian-Kurdish Amini,...
  • Iranian officials say hundreds of people have been killed, including members of the security forces, and thousands have been arrested nationwide
  • Iran has accused hostile foreign powers, including the United States and some European countries, of stoking the unrest

Russia to ban oil sales to countries complying with price cap

The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early...
  • It added that the ban may be lifted in individual cases on the basis of "special decision" from Russian President Vladimir Putin.
  • Russia has said the cap will not affect its military campaign in Ukraine and expressed confidence it would find new buyers.

Israel lawmakers pass legislation for return of Netanyahu as PM

Jerusalem, Undefined - Israel's parliament on Tuesday passed controversial legislation paving the way for the return of veteran hawk Benjamin Netanyahu...
  • Netanyahu will present what analysts have said will be the most right-wing government in Israel's history to parliament on Thursday.
  • lawmakers passed legislation that now allows anyone convicted of offences but not given a custodial sentence to serve as a minister.

UN asks Taliban to end anti-women policies in Afghanistan

"No country can develop -- indeed survive -- socially and economically with half its population excluded," Volker Turk, the United...
  • "No country can develop -- indeed survive -- socially and economically with half its population excluded," Volker Turk, the United Nations High Commissioner for Human Rights, said.
  • "The ban will significantly impair, if not destroy" these NGOs' capacity to deliver essential services, Turk said, calling it all the more distressing with Afghanistan in the grip.

Pro-Haftar pilot released in Libya prisoner swap

Tripoli, Libya--Libya's unity government has carried out a prisoner exchange with rival eastern forces, releasing a pilot captured during strongman Khalifa...
  • Pilot Amer al-Orfi al-Gajam was exchanged for 15 prisoners held by Haftar's forces, which back a rival government and control much of eastern and southern Libya
  • In 2019, Haftar seized large parts of the south and launched an assault on Tripoli

Iran reroutes flight, orders football player’s family off

Iranian football legend Ali Daei, who has supported protests in the wake of Mahsa Amini's death, said that an airplane from...
  • Daei said his wife and daughter had flown on a Mahan Air flight, taking off from the capital Tehran's Imam Khomeini Airport, headed to Dubai in the United Arab Emirates
  • He used social media to call on the government to "solve the problems of the Iranian people rather than using repression, violence and arrests"

Six pro-Turkish fighters killed in Syria clashes

BEIRUT, LEBANON - Six Syrian fighters from a pro-Turkish group died in clashes with regime troops that still raged Monday in...
  • A pro-Turkey rebel statement said the six were killed and three more wounded in the offensive launched by government forces.
  • The dead were fighters from Faylaq al-Sham, an alliance of rebel groups considered close to the Syrian branch of the Muslim Brotherhood.

Hezbollah chief rejects disarmament ahead of government talks with visiting US officials

Hezbollah's chief on Monday doubled down on his refusal to give up the group's weapons ahead of talks between Lebanese...

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Rockets fired from Iraq at US-led coalition base in Syria

Rockets were fired late Sunday from northern Iraq at a military base in Syria housing a US-led coalition, according to...

Syria has held ‘meetings’ with US: Assad

The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked...

Iran, Israel appear to pull back from brink as US approves military aid

Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel strikes Syria again following overnight ‘retaliatory’ attack on Iran

Israeli strikes on Friday targeted a Syrian army position in the country's south, a war monitor said, as US media...
  • Israeli strikes on Friday targeted a Syrian army position in the country's south,
  • UN Secretary-General Antonio Guterres: The Middle East is on a precipice

Lebanon’s Hizbollah targets Israel base, wounding 14 soldiers

Hours after the strike on Arab al-Aramshe, an Arab-majority village in northern Israel near the border, Israeli forces hit targets...
  • Israel and Hizbollah, an Iran-backed Hamas ally, have been exchanging near-daily cross-border fire since the Palestinian group attacked southern Israel on October 7
  • But Hizbollah strikes in the past few days have included a growing use of explosive drones and wounded people in Israel, which has struck deeper into Lebanon in recent weeks

Italy PM Meloni visits Tunisia for migration talks

Meloni's latest visit to Tunisia came as part of her so-called Mattei Plan, a program aiming to posit Italy as...
  • Meloni met with Saied, who vowed in a national security meeting the day before that Tunisia "will be neither a center nor a crossing point" for sub-Saharan migrants
  • "Cooperation on migration remains a central aspect of the relationship between Italy and Tunisia," Italian officials said