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

Palestinian businesses in West Bank wary of Netanyahu government, cheap goods

The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli...
  • Israeli occupation impacts everything, including tariffs, storage costs and barring Palestinians from exploiting the economic potential of Area C.
  • The Palestinian Authority is failing the Palestinian stone companies by not defending their local market from foreign competition, say experts.

IAEA team to visit Iran on Sunday over nuclear probe

The Vienna-based International Atomic Energy Agency (IAEA) has for years been calling on Iran to explain the presence of undeclared...
  • Earlier Wednesday, Iran had said that IAEA officials would visit the country to settle "ambiguities" over claims of secret activities.
  • The issue has increasingly frustrated efforts to revive the 2015 Iran nuclear deal, that has been on life support since the United States unilaterally withdrew from it in 2018.

Palestinians say World Cup proves their cause not ‘buried’

Like several other Arab nations, Morocco has agreed full diplomatic ties with Israel -- but this has not stopped its...
  • A Palestinian poll group has said that "the World Cup in Qatar helps restore Palestinian public trust in the Arab world after years of disappointment".
  • "The Moroccan festivities at the World Cup have proven that the Arab world is far from normalization with Israel", the Israeli newspaper Maariv said in a commentary on Sunday.

EU energy ministers push gas price talks into next week

Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses...
  • Europe has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions imposed over its war in Ukraine
  • Several EU countries, including France, Poland and Spain, criticised the commission proposal as being designed so  the price cap could never be triggered

Saudi Arabia, Britain sign Defence Cooperation Plan

The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.
  • The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.
  • It also aims to develop the capabilities of the Saudi Ministry of Defense, localize military industries, and strengthen the partnership between the two countries

Sudan inks US$6bn UAE deal for new Red Sea port

Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build...
  • The Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone.
  • The signing came a week after Sudan's military and civilian leaders inked an initial accord aimed at ending the crisis since last year's military coup.

EU eyes all acceptable energy price cap as winter arrives

Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European...
  • The continent has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions.
  • Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses could face blackouts.

Bank of China lists $300m bonds

The bank's Fitch A ratings bonds were listed on Nasdaq Dubai.
  • The new listing highlights Nasdaq Dubai's significant role in strengthening links between the capital markets in Dubai and China.
  • Bank of China's Dubai branch has issued the 2025-maturing bonds at a yield of 4.84 percent.

UAE Financial Restructuring Committee, World Bank discuss bankruptcy law

ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from...
  • The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law.
  • The meeting discussed the proposed amendments to the bankruptcy law in terms of public policy.

Governments of UAE, Egypt launch ‘Egypt Services Center’

ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which...
  • The inauguration is part of the strategic partnership between the two countries in government modernization.
  • The center will adopt a smart system to provide over 30 individual government services.

‘Far too late’: Clutching pots and buckets, Palestinians despair after UN declares famine in Gaza

"We have no home left, no food, no income... so we are forced to turn to charity kitchens, but they...

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Israel strikes Gaza as US says Rafah attack ‘not imminent’

US Secretary of State Antony Blinken said he had no indication of an "imminent" Israeli assault on the city, the...

Israel deploys C-Dome defence system for the first time

On Monday evening, the Israel Defense Forces (IDF) reported an alert in the area of Eilat, which was targeted in...

Iran foreign minister in Syria after consulate strike blamed on Israel

Amir-Abdollahian is set to meet Syrian President Bashar al-Assad and Foreign Minister Faisal Mekdad during the visit, while Syria's information...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Iran offers no response to Israeli strike, if US-secures Gaza truce: report

The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other...
  • According to a report by Jadeh Iran, Iran has communicated to the United States that it would refrain from retaliating to the airstrike if the US can secure a ceasefire in Gaza
  • The anonymous source cited in the report stated that if the US is successful in calming the situation, it would be seen as a significant achievement for the Biden administration

Trump increasingly ambiguous on Israel amid Gaza war

At the start of Israel's war with Hamas in October, Donald Trump loudly presented himself as the key US ally's...
  • In an exchange with Israeli media, Trump warned that videos "of bombs being dropped into buildings in Gaza" offer "a very bad picture for the world."
  • Despite allusions to his concerns, Trump has not explicitly mentioned the humanitarian crisis in Gaza, where experts warn a famine is looming.

Tehran, Baghdad to launch maritime passenger transport line

TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
  • Given the readiness of Iran’s Abadan and Khorramshahr ports for the transportation of passengers to the destination of Wasliya and Basra ports in Iraq..
  • the officials of the two sides have expressed their readiness for the initiation of the transportation of passengers via sea, Ali Akbar Safaei emphasized.