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

Middle East at risk of climate-induced food, water scarcity: Report

Published only days ahead of the UN climate conference in Egypt, the report titled "Living on The Edge" said, by...
  • According to the report, drought and water scarcity could impact crop yields in future decades, which will exacerbate reliance on food imports.
  • Major oil exporters including the UAE and Saudi Arabia argue in favor of continued investment in fossil fuels to fund the transition to clean energy.

Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt

A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that...
  • Sunak's original decision not to attend the gathering in the Red Sea resort of Sharm el-Sheikh drew the ire of environmental campaigners
  • During his tenure, Johnson championed renewable energy as the key to a greener UK economy and its quest for net-zero carbon emissions by 2050

Restoring banned Twitter accounts may take some weeks: Elon Musk

Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on...
  • Since Musk takeover on Twitter, Trump has suggested that he would be sticking with his own Truth Social messaging platform rather than going back to Twitter.
  • The new Twitter boss said he had talked to civil society leaders about how Twitter will continue to combat hate and harassment and enforce its election integrity policies.

Calls for WC worker compensation fund a publicity stunt: Qatar

Human rights groups accuse Qatar of under-reporting deaths. The government strongly disputes reports that thousands have died on construction site...
  • Qatar's Labor Minister said 420,000 workers have switched jobs and $320 m has been paid out this year alone to workers who had lost wages.
  • The minister said he was discussing making the ILO's office in Doha permanent, and that Qatar wants to host an annual dialogue on protecting migrant workers.

Saudi Arabia, Egypt discuss renewable energy cooperation

The two ministers also talked about the progress in the electrical interconnection efforts.
  • The two ministers also talked about the progress in the electrical interconnection efforts
  • They also discussed ways to improve cooperation between their specialized businesses

New Iraq PM sacks senior officials days after confidence vote

Seeking to consolidate his position, Iraq's Prime Minister Mohammed Shia al-Sudani has sacked several senior officials appointed by his predecessor,...
  • The officials dismissed were not identified, but a government source told AFP that intelligence chief Raed Jouhi was among them
  • Iraq is ranked 157 out of 180 in Transparency International's corruption perceptions index

Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...
  • As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.
  • The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.

Egypt president invites incoming Brazilian president Lula to COP27

Luiz Inacio Lula da Silva's victory over climate-skeptic Jair Bolsonaro has raised hopes for the battle against global warming. Election...
  • More than 90 heads of state and government -- including US President Joe Biden -- are set to converge on the Egyptian resort town between November 6 and 18.
  • Climate scientists and environmentalists have repeatedly noted that the outcome of last week's Brazilian election would have huge stakes for the planet.

UAE Minister, IMF Director discuss challenges facing MENA

UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...
  • The minister underscored the importance of the IMF in enhancing the safety of the global economy.
  • He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.

ENEC, Atlantic Council sign three-year nuclear cooperation pact

Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate...
  • The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, one of the leading US energy centers for promoting energy security.
  • The collaboration will see ENEC and the Atlantic Council join forces to support the Council’s new Nuclear Energy Policy Initiative.

Trump, Putin meeting ends in areas of agreement, a renewed friendship but without Ukraine deal

"There's no deal until there's a deal," Trump said after emerging from a meeting with Putin. offering warm words but...

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UN Palestinian agency chief says funding secured until end of May

Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US defense chief tells Israeli counterpart that Gaza toll is ‘too high’

US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
  • A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."
  • The United States has backed Israel with both military and diplomatic support.

Thousands trapped in Gaza hospital surrounded by Israeli tanks

Gaza's health ministry said Israeli troops were shooting and firing "shells and (conducting) violent raids in its surroundings in preparation...
  • Witnesses told AFP that shots were being fired at the sprawling complex in the southern city of Khan Yunis, but no raid was as yet taking place
  • "Thousands of displaced people are still inside the hospital,.They do not have sufficient quantities of drinking water, food and infant formula," the ministry said.

‘Parliamentary diplomacy crucial in stopping wars’

He also points out the necessity of leveraging parliamentary diplomacy to avert wars and conflicts, through mediation and good offices...
  • Qatar's Shura Council pushes for the reform of the United Nations system, highlighting the need for justice and equality.
  • The Gulf country's mediation efforts are being recognized for promoting peace and reconciliation on the international stage.