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

Germany says EU will adopt new sanctions against Iran

Designed as a punishment for the government of Iran, the EU will likely adopt new sanctions against the Islamic republic...
  • The bloc had already imposed sanctions in mid-October against Iran’s “morality police” and 11 officials including the telecommunications minister
  • Iran has been rocked by demonstrations over the death of Mahsa Amini, a 22-year-old Iranian of Kurdish origin, following her arrest in Tehran for allegedly flouting the dress rules

Countries wrangle over future climate finance at COP27

Diplomats from developing nations criticised the persistent imbalance in climate financing which, within the UN framework, should be evenly split...
  • In 2009, UN climate summit saw rich nations promise $100 billion a year by 2020 to Global South, but two years past that deadline the amount delivered is still $17 billion short
  • As climate disasters have multiplied over the last decade, nations in the Global South have called for a separate financial facility for loss and damage

Russia orders troops out of Kherson in major reversal

Russia's commander in Ukraine, Sergei Surovikin proposed the "difficult decision" of pulling back from the city and setting up defences...
  • Russia's commander in Ukraine, Sergei Surovikin proposed the "difficult decision" of pulling back from the city and setting up defences on the eastern bank of the Dnipro River
  • Kherson was the first urban hub captured by Russia during its "special military operation" and the only regional capital controlled by Moscow's forces since the offensive began

ICC prosecutor calls on Libya’s Haftar to ‘prevent’ crimes by troops

Tripoli, Libya— The International Criminal Court's chief prosecutor said Wednesday he had urged eastern Libyan military chief Khalifa Haftar to "prevent"...
  • The North African nation descended into chaos following the NATO-backed revolt that brought down dictator Moamer Kadhafi's regime in 2011
  • Before taking over as the ICC's lead prosecutor, Karim Khan defended Seif al-Islam Kadhafi, son of slain dictator Moamer Kadhafi, whose arrest the ICC is seeking

COP27: ACG to give $24bn for climate action by 2030

The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems,...
  • The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems, and the promotion of energy security
  • The financial commitment by the Arab Coordination Group comes as part of a joint Call for Climate Action for Equitable Development at COP27

Qatar has thousands of World Cup rooms available: Accommodation official

There are at least 25,000 rooms free even during the peak days of the World Cup, expected between November 24...
  • For accommodation bookings, neighbouring Saudi Arabia has been the top market, followed by the United States, Mexico, Argentina, India, Britain, Brazil, Canada, Iran and Japan.
  • Qatar is the smallest country to hold the World Cup, leaving many foreign fans worrying about prices and the availability of rooms.

Germany bans chipmaker’s sale to Chinese firm

Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the...
  • Chinese company Sai MicroElectronics had been seeking to buy the Dortmund factory of Elmos through its Swedish subsidiary Silex.
  • The German government had rejected the planned takeover because "the purchase could endanger the order and security of Germany.

Lebanon seeks to demarcate maritime border with Syria

Lebanese security officials and politicians have made several visits to Syria in recent years, but almost exclusively in their personal...
  • Syria, which once had a controlling hand in Lebanon's affairs, has repeatedly refused to delimit land and sea borders with its neighbor.
  • Lebanon announced in late October that a delegation would travel to Damascus to discuss the issue, but the trip did not take place.

Biden’s upcoming foreign trip to focus on Climate, Ukraine, China

Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.
  • Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia
  • The trip will begin two days after the US midterm elections which will determine whether Democrats keep their congressional majorities

Jordan sets up program to protect witnesses, whistleblowers

Amman, Jordan— Funded by the Canada Fund for Local Initiatives (CFLI), Jordan has launched a program aimed at better protecting...
  • MP Omar Ayasra emphasized the significance of providing witnesses and whistleblowers with protection during a ceremony held on Monday to launch the project
  • Secretary-General Ibrahim Majali revealed that only 10 percent of incoming complaints are followed up, while 90 percent proved untrue thus far

Israelis rally nationwide calling for end to Gaza war, hostage deal

A huge Israeli flag covered with portraits of the remaining captives was unfurled in Tel Aviv's so-called Hostage Square --...

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GCC unveils strategic vision for regional stability

For the first time in its 43-year history, the bloc has set a strategic vision that prioritizes diplomacy and dialogue...

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

Turkish Airlines restarts Libya flights after almost a decade

Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...
  • The personal consumption expenditures price index rose at an annual rate of 2.5 percent in February.
  • Much of the February increase in the cost of goods came from energy prices, which rose 2.3 percent from January.

Israeli strikes kill dozens in Syria and Lebanon, rile Russia and Iran

In Syria, "Israeli strikes" targeted a Hizbollah "rockets depot" in Aleppo province, killing 36 Syrian soldiers, seven Hezbollah members and...
  • Moscow said they were "categorically unacceptable" while Iran said they were a "violation of Syria's sovereignty" and "a serious threat to peace and security".
  • In Lebanon, Hizbollah has exchanged near-daily fire with the Israeli army across the country's southern border since October, saying it is in support of Gazans and Hamas.

Restoration project for Jeddah district’s old buildings completed

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...
  • The project comes within the context of the Crown Prince's keenness to preserve and rehabilitate historical sites.
  • The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings.