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

COP27: $1.4 bn climate grant for Africa, S. Asia farmers

A COP27 announcement said the Bill and Melinda Gates Foundation grant, distributed over four years, is earmarked for scaling up...
  • Organizations representing some 350m farmers warned Monday global food security is at risk unless governments finance small-scale production.
  • Agriculture forms the backbone of many African economies, employing on average over 50 percent of the labour force.

‘UAE President’s speech at COP27 outlined vision for climate action’

SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that...
  • UAE Minister of Industry said effective climate action accelerates opportunities for sustainable economic and social development.
  • The minister said that the President's speech emphasized that continuity and perseverance are at the core of the UAE’s strategy.

WTO urges countries to lift green trade barriers

The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change....
  • Trade is a force for good for climate and part of the solution for achieving a low-carbon, resilient and just transition, the WTO said.
  • Reducing tariffs and non-tariff measures on energy-related environmental goods could increase exports of these products by five percent by 2030, the WTO said.

World leaders gather for climate talks under cloud of crises

At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite soaring...
  • "The fear is other priorities take precedence. The fear is that we lose another day, another week, another month, another year," UN official Simon Stiell said.
  • Nearly 100 heads of state and government began to arrive for the summit, with the notable absence of Chinese leader Xi Jinping, whose country is the world's top emitter of gases.

Iran government grapples with fresh bout of protests

The protests were fanned by fury over the restrictive dress rules for women, over which Amini had been arrested. But...
  • Images posted on social media showed protesters threw stones at the official administration building and took down and burned the Iranian flag
  • On Sunday, the vast majority of Iran's lawmakers -- 227 out of 290 -- urged the judiciary to apply "an eye for an eye" retributive justice amid the protests

UAE, Turkish FMs discuss food and energy security

The two ministers also discussed prospects of bilateral cooperation and partnership between the UAE and Türkiye.
  • The two ministers also discussed prospects of bilateral cooperation and partnership between the UAE and Türkiye
  • Sheikh Abdullah congratulated Çavuşoğlu on the resumption of the grain-export deal through the Black Sea to international markets

Iran MPs demand ‘rioters’ face ‘eye for an eye’ justice

The lawmakers also urged the judiciary to "deal decisively with the perpetrators of these crimes and deal with all those...
  • The declaration, approved by 227 parliamentarians, comes as protests following the death of Mahsa Amini enter eighth week
  • Amini died in custody in mid-September following her arrest by Tehran's morality police for allegedly breaching the country's dress code for women

UAE’s climate initiatives to benefit private sector

The Gulf country will reveal the mechanisms for implementing its strategic initiative to achieve climate neutrality 2050, as part of...
  • At COP27, the Gulf country intends to reveal the details for the mechanisms and pathways for implementing its strategic initiative to achieve climate neutrality 2050
  • This is alongside a comprehensive assessment of the status and movement of sustainable financing solutions, including green bonds, says the UAE minister

Hamas arrests two in Gaza over firing rockets at Israel

Gaza rulers Hamas arrested two people over firing rockets at Israel last week, a security source in the Palestinian enclave...
  • Israel's army said rockets were launched Thursday from Gaza, the first such military action since three days of cross-border fighting in August.
  • The incident prompted Hamas's internal security services to detain two people "directly related to the firing of four rockets", said a security source.

Financing for climate damages finally on COP27 agenda

Countries least responsible for planet-heating emissions -- but hardest hit by an onslaught of weather extremes -- have been ramping...
  • The issue was only added to the formal agenda to the UN's COP27 climate summit in the Egyptian resort town of Sharm el-Sheikh after two days of last-ditch negotiations.
  • This "reflects a sense of solidarity and empathy for the suffering of the victims of climate induced disasters," Egypt's Sameh Shoukry, the COP27 president, said to applause.

Israeli strikes kill 40 Palestinians in Gaza, says civil defense agency

The latest deadly strike comes as Israeli military hinted at an approaching call to push civilians from Gaza City ahead...

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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...

Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election

Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing...

ICJ orders Israel to ensure humanitarian aid in Gaza

The International Court of Justice said in its order that Israel should "take all necessary and effective measures to ensure,...
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INSEAD Day 4- 300x600

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French parliament condemns 1961 Paris killings of Algerians

Paris, France - The French parliament's lower house on Thursday approved a resolution condemning as "bloody and murderous repression" the killing...
  • Dozens of peaceful demonstrators died during a crackdown by Paris police on a protest by Algerians in 1961
  • The bill, put forward by Greens lawmaker Sabrina Sebaihi and ruling Renaissance party MP Julie Delpech, was approved by 67 lawmakers

UN ‘disturbed’ as Israeli strikes on health care kills 10 in Lebanon

"The tragic events of the past 36 hours have resulted in a significant loss of life and injuries in south...
  • "Deeply disturbed by the repeated attacks on health facilities and health workers who risk their lives to provide urgent assistance to their local communities," said Imran Riza.
  • Hizbollah said four of its fighters and two rescuers were killed in Wednesday's strikes, while its ally the Amal movement said it had lost two members, including a rescuer.

US shoots down four Houthi drones in Red Sea

In November, the Houthis launched a campaign of drone and missile strikes against vessels in the Red Sea, an area...
  • US Central Command that its forces had "engaged and destroyed four long-range unmanned aerial systems" at around 2 am Sanaa time adding there were no injuries
  • Actions against Houthis are taken to protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels," CENTCOM added