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

German industries explore investment opportunities in UAE

Some of Germany’s leading industrial companies participated in a roundtable event hosted by the UAE Ministry of Industry and Advanced...
  • From the UAE side, representatives from ADNOC, Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office, and TAZIZ were present.
  • The delegates also discussed the future of supply chain opportunities in a post-pandemic world.

Europe could face gas shortage next year, says IEA

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake...
  • IEA Executive Director Fatih Birol said he would hold talks on Friday with several European governments.
  • He said that Europe needs to take immediate action to avoid risks of natural gas shortage next year.

UAE, Indonesia to cooperate in energy sector

UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and...
  • The declaration was signed between the UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources.
  • It was signed during a joint meeting between the two countries at the Abu Dhabi International Petroleum Exhibition Conference ‘ADIPEC 2022.

COP27 hot topic: Funding vulnerable nations to fight global warming

Many emerging economies least to blame for the fossil-fuel gases that stoke global warming, are also among the most exposed...
  • Wealthy nations have failed to provide all of the pledged $100 billion a year to developing nations, reaching just $83 billion in 2020.
  • Only a part of that -- $29 bn -- was for adaptation, which the UN Environment Programme warned in a new report was five to 10 times below the estimated needs.

White House deletes tweet after Twitter users intervene

Elon Musk, the world's richest person, who took ownership of Twitter last week, hailed the correction saying the feature that...
  • The White House tweeted that it was "thanks to President Biden's leadership" that US pensioners had received the biggest benefit hike
  • "The tweet was not complete," White House press secretary Karine Jean-Pierre said when asked about the deleted tweet

UAE president, Biden meet virtually to discuss energy transition

The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.
  • The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition
  • UAE president briefed Biden on the UAE’s funding and assistance for clean energy projects on six continents

Lebanon says it has US ‘guarantees’ on Israel border deal if Netanyahu wins

Hawkish former Israeli premier Netanyahu, who on Wednesday appeared on the cusp of returning to power, has staunchly opposed the...
  • Israel and Lebanon struck a US-brokered sea border agreement last month that opens up lucrative offshore gas fields for the neighbours
  • US President Joe Biden had hailed the "historic" deal, which comes as Western powers clamour to open up new energy production

Arab League voices ‘total support’ for Palestinians

Member states affirmed in the summit's final declaration the "centrality of the Palestinian cause and our absolute support for the...
  • The declaration came in the final statement of the first Arab League summit
  • Palestinian president Mahmud Abbas had called for more support from the 22-state

Qatar authorities seize 144 counterfeit World Cup trophies

The interior ministry of Qatar said officers launched an operation "acting on a piece of information about a website that...
  • The Qatari ministry has released a photo showing the 144 life-sized trophies laid out across a floor and stated that "further legal procedures will be followed".
  • In June, Qatar warned drivers for having illegal World Cup logo on car number plates, after special plates were sold in online auctions.

Palestinian President urges Arab support against Israeli ‘crimes’

Abbas was addressing the first Arab League summit since the UAE normalized ties with the Jewish state in 2020, sparking...
  • On Tuesday, summit host Algerian President Abdelmadjid Tebboune told the opening session that "our central and primary cause remains the Palestinian cause".
  • The 22-state Arab League has for decades been a forum for strident statements of solidarity with the Palestinians, but has had little real impact in its 77 years of existence.

Made-for-TV pageantry as Trump brings Putin in from cold

Anchorage, United States - Stepping foot on Western soil for the first time since he ordered the invasion of Ukraine,...

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Quran burner Salwan Momika says leaving Sweden for Norway

Stockholm, Sweden - An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year said Wednesday...

Clowns try to put smiles back on faces of Gaza children

Palestinian Territories - The children of Gaza have little to eat, have had to flee their homes and have survived...

Hyundai to invest $50bn in South Korea

The automaker will make a bigger push to produce EVs.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Israeli hostage held by Hamas in Gaza dead, say families

Jerusalem--One of the Israeli hostages kidnapped during the October 7 Hamas attack has been killed and his body is being...
  • The slain hostage, Uriel Baruch, 35, a father of two, was taken from the Supernova music festival by Hamas fighters
  • Fighters from Hamas seized 253 Israeli and foreign hostages during the October 7 attack on Israel that triggered the war

Syria strikes kill 17 including Iran Guard, WHO worker

According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and...
  • A US defence official told AFP the United States "did not conduct any airstrikes" overnight
  • WHO chief announced on social media "the tragic loss of another one of our own in an air strike in Syria"

Qatar says negotiations ‘ongoing’ for Gaza truce

Doha, Qatar - Mediator Qatar said on Tuesday that talks between Hamas and Israel on a Gaza truce and hostage release...
  • Qatar, with the United States and Egypt, has been engaged in weeks of behind-the-scenes talks in a bid to secure a truce in Gaza
  • Since the UN adopted a resolution on Monday demanding an "immediate ceasefire", Hamas and Israel have traded blame for their failure to agree a deal.