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

World plastic pollution treaty talks collapse with no deal

Negotiators from 185 nations worked beyond Thursday's deadline and through the night in an ultimately futile search for common ground....

Geostrategy

Expectations high as Trump, Putin set to meet at Alaska: What each side wants

In a draft peace plan published in June, Russia called on Ukraine to withdraw its forces from the Kherson, Lugansk,...

Geostrategy
Geostrategy

Saudi Arabia, UAE say global investments required for oil production

Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before...
  • Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy
  • Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the Gulf countries were both increasing production capacity.
Geostrategy

UAE, Kyrgyz Presidents review bilateral relations

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...
  • UAE and Kyrgyzstan affirmed their common interest in enhancing bilateral relations.
  • The meeting explored various opportunities of the UAE- Kyrgyz friendship and affirmed to further cooperation in economy, trade.
Geostrategy

Ukraine grain exports resume despite Russian pullout from landmark deal

As one of the brokers of the grain deal, Turkey has stepped up diplomacy with the two warring countries in...
  • Turkey's defence minister Hulusi Akar said talks were under way with the relevant parties for the agreement to remain in place.
  • Ukraine, one of the world's largest grain exporters, was forced to halt almost all deliveries following Russia's invasion in late February.
Business

Nedaa, Nokia ink 5G deal in Dubai

5G network will help Nedaa provide better services.
  • With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
  • The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
Business

ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025

Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...
  • ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.
  • Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.
Geostrategy

Europe’s gas storage reserves now at over 90 percent

With prices falling and ports clogged with liquefied natural gas tankers, fears of a winter heating crisis in Europe have...
  • Spanish gas regulator Enagas says the backlog at ports is expected to last at least until this week.
  • Europe has made efforts to fill its storage facilities to reduce dependence on Russian gas and sought alternative suppliers.
Geostrategy

Upcoming climate events to boost UAE-Egypt ties

The bilateral relations between the two countries are based on mutual respect and appreciation. The significant advancement in the bilateral...
  • The upcoming events will witness further cooperation between the two countries, especially with Egypt hosting COP27 in Sharm El-Sheikh and the UAE hosting COP28 in 2023
  • The UAE is the largest investor in Egypt, with over 1,250 Emirati firms operating in the country. Egypt, meanwhile, was among the first nations to recognize the formation of UAE
Geostrategy

Staring at drought next year, Iraq digs more than 500 wells in 2022

Al-Mishkhab, Iraq - Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are...
  • Compounding the water stress, upstream dams, mainly in Turkey, have vastly reduced the flow of the Tigris and Euphrates.
  • In a country where one in five people work in agriculture, water shortages have destroyed livelihoods and driven a rural exodus.
Geostrategy

Algeria hosts first Arab summit since Israel normalization deals

Algeria mediated a reconciliation deal in October between rival Palestinian factions Fatah and Hamas. While few believe the deal will...
  • The Arab League held its last summit in 2019, prior to both the pandemic and the UAE's historic US-backed normalization deal with Israel.
  • The agreement, only Israel's third such deal with an Arab state, was followed by similar accords with Bahrain, Sudan and Morocco.
Geostrategy

Ukraine blames Russian blockade for making grain export ‘impossible’

Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged after Moscow claimed...
  • UN Secretary-General Antonio Guterres on Sunday expressed "deep concern about the ongoing situation regarding the Black Sea Grain Initiative.
  • The July deal to unlock grain exports signed between Russia and Ukraine and brokered by Turkey and the UN, is vital for easing the global food crisis.

World plastic pollution treaty talks collapse with no deal

Negotiators from 185 nations worked beyond Thursday's deadline and through the night in an ultimately futile search for common ground....
Geostrategy

Company News

Latest News

‘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...
Geostrategy

Hamas leader Haniyeh visits Iran: state media

Haniyeh's visit comes after a resolution adopted by the UN Security Council on Monday called for an "immediate ceasefire" for...
Geostrategy

No let-up in Gaza war despite UN ceasefire resolution

The resolution demanding an "immediate ceasefire" was adopted Monday after Israel's closest ally the United States abstained. Washington insisted that...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Trump tells Israel media ‘you’re losing support’ over Gaza war

Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
  • Trump frequently touts himself as a devoted ally of Israel, pointing to his decision to move the US embassy to Jerusalem.
  • The former US President said he would have responded to Hamas's attack "very much the same way" Israel did.
Business

Aramco CEO highlights collaboration with Beijing at forum in China

AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in...
  • The CEO acknowledged China's economic growth in recent decades, and expressed admiration for the country’s ability to overcome challenges.
  • He underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners.
Geostrategy

UN expert accuses Israel of several acts of ‘genocide’ in Gaza

"The overwhelming nature and scale of Israel's assault on Gaza and the destructive conditions of life it has inflicted reveal...
  • United Nations chief Antonio Guterres meanwhile defended the UN agency for Palestinian refugees, UNRWA, describing it as a "lifeline of hope and dignity".
  • "In a darkening world, UNRWA is the one ray of light for millions of people. I see that hope here. Now more than ever, we must not take away that hope"