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

Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report

Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...

Geostrategy

Israel demands release of all hostages after Hamas backs new truce offer

Mediators are awaiting an official Israeli response to the plan, a day after Hamas signaled its readiness for a fresh...

Geostrategy
Geostrategy

Lebanon MPs again fail to elect President for 8th time

Lawmakers in crisis-hit Lebanon failed to elect a new president for an eighth time, despite the deepening impact of the...
  • Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority.
  • Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 37 lawmakers.
Geostrategy

US trade subsidies create unlevel playing field with Europe, says Macron

French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair...
  • Macron said that US industrial subsidies, which are part of Biden's huge green energy initiatives, are "super aggressive" towards European business.
  • While Washington and Paris were "working closely together" on geopolitics and opposing Russia in its invasion of Ukraine, trade tensions remained, Macron said.
Science

‘Carbon credits need more supply, integrity to meet global demand’

RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
  • A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.
Science

Natural disaster losses hit US$115 bn this year, says Swiss Re

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
  • Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
  • Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.
Science

Financing for nature must more than double by 2025, says UN report

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
  • The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
  • By 2030 finance flows of $484 billion a year will be required for nature-based solutions.
Business

Gulf countries seek to procure India’s BrahMos missile

Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
  • Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages
  • The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages
Geostrategy

Saudi Arabia inks MOU with Spanish company to build combat ships

The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...
  • The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto
  • Navantia "would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance
Geostrategy

Islamic State group says its leader killed ‘in combat’

The US military's Central Command (CENTCOM) said Hashimi had been killed in an operation carried out by rebels of the...
  • US National Security Council spokesman John Kirby said: "We welcome the announcement that another leader from ISIS is no longer walking in the face of the Earth”
  • The IS spokesman did not provide details of new leader, but said he was a "veteran" fighter and called on all groups loyal to IS to pledge their allegiance to its fourth leader
Geostrategy

Iran summons envoy after France condemns ‘infringement’

Taking offense at France's unanimous vote by lawmakers earlier this week, condemning infringement of liberties and women's rights, Iran's foreign...
  • During the debate in the French parliament, Foreign Minister Catherine Colonna condemned "the Iranian regime's massive use of arbitrary detention"
  • French ambassador Nicolas Roche heard Iran's "strong protest against the baseless accusations" and "unacceptable interventions"
Geostrategy

US approves sale of US$1bn anti-drone system to Qatar

Washington, United States— The US government on Tuesday announced the approval of a $1 billion sale of FS-LIDS counter-drone systems and...
  • The announcement on the sale of the systems comes after repeated drone attacks claimed by Tehran-backed Houthi rebels elsewhere in the Gulf region
  • The State Department approved the possible sale, and the DSCA on Tuesday provided the required notification to Congress, which still needs to sign off on the transaction

Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report

Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...
Geostrategy

Company News

Latest News

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...
Geostrategy

Israel revokes leave for all combat units amid Iran threat

Jerusalem - The Israeli army has suspended leave for its combat units, it said on Thursday, amid the Gaza war...
Geostrategy

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Israel will ‘be slapped’ for consulate strike, says Khamenei

The Supreme leader said in a speech to officials in Tehran that the defeat of "the Zionist regime in Gaza...
  • Some 13 people were killed in the strike in which Israeli F-35 jets fired six missiles
  • Iran's official media said the funeral ceremony of the IRGC members would be held on Friday
Geostrategy

Bodies of slain foreign aid workers taken out of Gaza

Israel's armed forces chief Herzi Halevi called the attack a "grave mistake", which he blamed on night-time "misidentification", adding in...
  • The Israeli military killed seven staff of the US-based food charity World Central Kitchen on Monday in an attack that UN chief Antonio Guterres labelled "unconscionable."
  • The seven deaths piled more pressure on Israel, whose war since the Hamas attack of October 7 has brought devastation and mass civilian casualties to Gaza
Geostrategy

Pope expresses ‘deep sorrow’ over killing of Gaza aid workers

Vatican City, Holy See - Pope Francis expressed his "deep sorrow" on Wednesday for the deaths of seven charity workers killed...
  • "I express my deep sorrow for the volunteers killed while they were distributing humanitarian aid in Gaza," the 87-year-old pontiff said.
  • He renewed his appeal for access to humanitarian aid for the "exhausted and suffering civilian population" of Gaza.