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

‘Abu Dhabi Space Debate offers a significant and huge global platform to enhance activities in space sector’

It is possible to take advantage from the discoveries provided by space projects to boost our development for the benefit...
  • There is an Emirati-Israeli partnership in space sector and important cooperation between the two space agencies of the two countries, says Israeli president
  • The conference is a significant and huge global platform that works to enhance communication among the active and influential forces in the space sector, he adds

Is Biden running again? He’s acting like it

The November midterm elections, in which Republicans failed to score their expected big win in the House while actually losing...
  • A long distance day trip Tuesday to Arizona is only the latest indication that at 80, Biden is seriously laying the ground to stay in power for another term
  • while Biden has said his decision won't come until "early next year," many of those around him think they already know

UAE, UK experts discuss science, tech help in net-zero agenda

ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science...
  • The tour was launched to facilitate business-to-business introductions between stakeholders and investors.
  • During the virtual tour, delegates discussed decarbonization, affordability, supply of renewable energy.

Gaza fishermen rejoice at finally fixing their boats after UN brokered deal

Gaza City, Palestinian Territories---Wearing sky blue overalls near Gaza's port, technician Mohammed Jerboa celebrates the chance to finally repair fishing...
  • The material has been prohibited from entering the Palestinian enclave since 2007, as one of scores of items Israel deems could be used for military purposes by Gaza militants.
  • The measures left fishermen struggling to pursue their livelihood due to the state of the boats -- until the UN brokered a deal that allows fibreglass to reach a workshop.

Dubai Health Authority wins International Data Corporation award

DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data...
  • DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation in mind.
  • IDC hosted over 200 senior IT and business leaders from across the UAE for the IDC DX Forum 2022.

Oil rises as China eases Covid restrictions, Russia price cap

World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian...
  • In currency trading, the dollar was mixed against its main rivals.
  • The Kremlin insisted the cap would not affect Russia's military campaign in Ukraine.

Glencore to pay US$180m

Payment for settling graft claims against firm in DR Congo.
  • The settlement with DRC is related to investigations by the country's authorities and the US Department of Justice, Glencore said.
  • Glencore disclosed in 2018 that the US Justice Department had launched a corruption investigation linked to the group's business in Nigeria, Venezuela and DRC.

Germany key destination for disillusioned Tunisians

Europe's biggest economy, with its low birth rate, is crying out for labour, and many Tunisians, exhausted by years of...
  • Numbers are still small but rising fast. Germany granted 5,474 work permits to Tunisians from January to October -- up from 4,462 in the whole of last year.
  • Some employers offer contracts to help ease the visa process and even pay for six months of language tuition to help their future workers.

Saudi sole bidder to host 2027 Asian Cup after India exit

KUALA LUMPUR, MALAYSIA - Saudi Arabia on Monday became the sole bidder to host the 2027 Asian Cup after India...
  • The Asian Football Confederation said in a statement that the All India Football Federation had pulled out from the selection.
  • The statement did not provide any reasons for India's decision.

UAE President visits Qatar in sign of improving ties

Ending a yearslong estrangement between the two countries, the UAE President Sheikh Mohamed bin Zayed will arrive in Doha today...
  • According to WAM, the visit comes in response to an invitation from the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, and builds on the existing relations between the two nations
  • The two leaders are expected to discuss bilateral ties and ways to enhance cooperation between the two Gulf states

US senators push for improved press access in Gaza

Washington, United States - A group of 17 US Senators sent a letter to Secretary of State Marco Rubio on Wednesday...

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Iran’s response ‘inevitable’ after consulate strike, says Nasrallah

Monday's strike in the Syrian capital levelled the five-storey consular annex of the Iranian embassy and killed seven Iranian Revolutionary...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Kremlin slams Macron claims Russia trying to undermine Olympics

Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine...
  • Kremlin said it was "absolutely unacceptable behavior" and characteristic of Western accusations that are "never backed up by adequate evidence".
  • Macron had said Thursday that Moscow was trying to promote the narrative that France was unable to host the Games and that the event would be a risk.

Blinken says US seeks ‘results’ on Israeli new Gaza aid policy

Brussels, Belgium - US Secretary of State Antony Blinken said on Friday Washington wanted to see "results" showing more aid was...
  • Israel announced on Friday that it would allow "temporary" aid deliveries into famine-threatened northern Gaza
  • "We welcome the steps that have been initiated by Israel," Blinken said at a meeting with EU officials in Belgium

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
  • Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
  • Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.