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

Chinese flags flutter in Saudi capital as Xi visits kingdom for first time since 2016

Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is...
  • The red-and-gold Chinese emblem alternated with the green flag of Saudi Arabia along major roads in Riyadh, while Xi was pictured on the front pages of newspapers.
  • China, the world's second-biggest economy, is the top customer for oil from Saudi Arabia, the leading exporter of crude, and both sides appear keen to expand their relationship.

Iraq’s Mosul healing slowly, five years after IS defeat

Signs of reconstruction dot the city of 1.5 million, with workers constructing a new bridge, and cafes and restaurants buzzing....
  • Like in much of oil-rich but war-ravaged Iraq, ramshackle public services and deep economic difficulties continue to hamper people's daily lives
  • Iraqi forces with the help of a US-led coalition wrested back Mosul in July 2017 after gruelling street fighting

Qatar’s Dr cool says air conditioned marathon possible in Gulf state

There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in...
  • Sports authorities have not commented, but Saud, an engineering professor at Qatar University, said an air-conditioned marathon course could be built.
  • Saud, who previously developed air conditioning for Ford Mondeo cars, spent 13 years working on the cooling used at seven of the eight World Cup stadiums.

EU stops import of products which causes deforestation

The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...
  • The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".
  • The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

Developing economies’ debt more than doubled over decade, says World Bank

The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the...
  • Many countries are already facing or at risk of debt distress with surging global inflation and rising interest rates.
  • The external debt of International Development Association countries also nearly tripled in the decade leading up to 2021.

Libya tells foreign energy firms it’s safe to return

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday...
  • Rival administrations in east and west have vied for power in Libya since March.
  • Libya aims to raise its oil output from around 1.2 million barrels per day currently to 2.0 million bpd by 2027, NOC chairman Farhat Bengdara said.

UAE, Saudi Arabia sign MoU for mutual recognition of maritime training

LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom...
  • The move is in line to ensure the highest standards of maritime safety and within the outcomes of the Saudi-Emirati Coordination Council.
  • This is as per the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers 1978 and its amendments.

Excerpt from new Rushdie novel released four months after stabbing

The 75-year-old writer, who had received death threats after the publication of his "The Satanic Verses" in 1988, was stabbed...
  • The book tells the "epic tale" of a woman in the 14th century in what is now part of India, the publishing house said
  • The author had lived in hiding for years after Iran's first supreme leader Ayatollah Ruhollah Khomeini ordered his killing

China-Arab summit: Chinese President Xi to visit KSA tomorrow

Chinese President Xi Jinping will reach Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest...
  • Leaders from the two countries are expected to discuss potential deals that could see Chinese firms become more deeply involved in Saudi mega-projects
  • Chinese President Xi Jinping last visited Saudi Arabia in 2016 on a trip that also featured stops in Egypt and Iran

UAE President, Israeli counterpart seek to boost cooperation in space sector

Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector.
  • Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector
  • The two leaders discussed areas of collaboration between the UAE and Israel and the promotion of progress and stability across the region

21 countries sign joint statement condemning Israel’s West Bank settlement project

Israel has approved the plans for the roughly 12-square-kilometre parcel of land known as E1 just east of Jerusalem, which...

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Iran vows to make enemy ‘regret’ killing of revolutionary guards

Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus,...

Israeli information on aid worker death ‘not sufficient,’ says Australia

US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces...

Biden exhorts Egypt, Qatar to press Hamas on hostage deal

US, Egypt and Qatar have been engaged in weeks of behind-the-scenes talks in a bid to secure a temporary truce...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN chief troubled by reports Israel using AI to identify Gaza targets

According to a report in magazine +972, Israel has used AI to identify targets in Gaza -- in some cases...
  • A report claims Israel has marked thousands of Gazans as suspects for assassination
  • A system dubbed Lavender had "played a central role in the bombing of Palestinians"

CIA chief to arrive in Cairo for Gaza hostage talks

According to reports in US media, Burns would meet in the Egyptian capital with Mossad chief David Barnea, Qatari Prime...
  • National Security Council spokesman John Kirby said the US will be "present for those talks"
  • The US, Qatar and Egypt have been engaged in talks in a bid to secure a truce in the Gaza Strip

Israel says Hamas fighter was at target instead of Gaza aid workers

Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an...
  • The victims were killed in three air strikes over four minutes by an Israeli drone as they ran for their lives.
  • The two brigade officers who ordered the strikes, a colonel and a major, have been fired.