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

Jordan and Egypt agree to expand bilateral relations

Cairo, Egypt—King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi have expressed desire to further expand bilateral relations...
  • During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and keenness to bolster relations
  • Talks also covered the latest regional and international developments, with both sides stressing the need to maintain coordination and consultation on issues of mutual concern

Israel launches air strikes at Gaza after rocket fired from enclave

Gaza City, Palestinian Territories— The Israeli air force said it had carried out overnight air strikes against sites of the Islamist...
  • The army said a few hours later it had targeted a Hamas military post in response to fire from the Gaza Strip against Israeli warplanes
  • A surge in bloodshed in the occupied West Bank has sparked international criticism of the Israeli army for its use of lethal force against Palestinian civilians

Iran begins work on new nuclear power plant

With talks suspended over a nuclear deal between Iran and the Western countries, Islamic Republic has begun the construction of...
  • Under a landmark deal struck in 2015, Iran agreed to mothball its Fordo nuclear plant and limit its enrichment of uranium to 3.67 percent
  • But the deal crumbled in 2018 when then US president Donald Trump pulled Washington out of the agreement and reimposed crippling economic sanctions

Kremlin rejects $60 oil cap Ukraine says will ‘destroy Russia’s economy’

The $60 oil price cap will come into effect on Monday or soon after, alongside an EU embargo on maritime...
  • The $60 oil price cap will come into effect on Monday or soon after, alongside an EU embargo on maritime deliveries of Russian crude oil.
  • The embargo will prevent seaborne shipments of Russian crude to the European Union, which account for two thirds of the bloc's oil imports.

Iran reviewing mandatory headscarf law: ‘Results in a week or two’

The Union of Islamic Iran People Party, formed by relatives of former reformist president Mohammad Khatami, on Saturday demanded the...
  • The hijab headscarf became obligatory for all women in Iran in April 1983, four years after the Islamic Revolution that overthrew the US-backed monarchy.
  • Protests have swept Iran since the Sept. 16 death in custody of Mahsa Amini, an Iranian of Kurdish origin arrested by the morality police for allegedly flouting the dress code.

UN report warns global food crises likely to increase

ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...
  • The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.
  • The report urges decision makers to think beyond short term needs.

ABB to pay US$315m fine

Two affiliates of ABB pleaded guilty to bribery charges.
  • Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act
  • In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.

Ukraine welcomes Russian oil price cap agreed by EU, G7

Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...
  • Poland had refused to back the price cap plan over concerns the ceiling was too high.
  • The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.

US unveils high-tech B-21 stealth bomber

PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...
  • Many specifics of the aircraft are being kept under wraps.
  • The plane will offer significant advances over existing bombers in the US fleet.

Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary

Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian...
  • Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS
  • More than 100 Belgian companies are operating in the UAE. People-to-people contacts are flourishing also in arts, culture and sports, says the Belgian ambassador

Antarctic climate shifts threaten ‘catastrophic’ impacts globally

Paris, France -- Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters...

Company News

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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...

Aid worker killed by Israel felt need to help, parents say

Washington, United States--The father of US-Canadian citizen Jacob Flickinger, one of seven aid workers killed in an Israeli strike earlier this...

UAE suspends coordination of humanitarian aid with Israel

Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Israel acting against Iran and its proxies, says Netanyahu

Israel has declined to comment on the Damascus strike but analysts saw it as an escalation of Israel's campaign against...
  • He spoke after the army paused leave for combat units, blocked GPS signals in certain places and strengthened "alertness" as its war against Hamas in Gaza nears its seventh month
  • Tensions have been inflamed by Monday's strike against the Iranian consulate in Damascus that killed 16 people, according to the Syrian Observatory for Human Rights

Israel systematically destroying Gaza healthcare, says MSF

Doctors Without Borders (MSF) said deadly attacks on humanitarian staff showed either deliberate intent or reckless incompetence, and called for...
  • MSF said the healthcare system in Gaza before the war was imperfect but robust and improving
  • The medical charity said that Israel was acting with impunity in the Palestinian territory

Bodies of killed Iranian soldiers reaches Tehran from Syria

Tehran, Iran - Iran has repatriated the bodies of seven Revolutionary Guard Corps members killed in a strike on the country's...
  • The Guards, including two generals, were killed in the air strike on Monday which levelled the Iranian embassy's consular annex.
  • "The bodies of the Iran embassy martyrs arrived at Mehrabad airport" in Tehran, the ISNA news agency reported overnight.