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

After Israel, Lebanon eyes Cyprus maritime border deal

Cyprus, which has aspirations of becoming a major energy player in the eastern Mediterranean, has a key exclusive economic zone,...
  • In 2007, Lebanon and Cyprus signed an agreement to delineate their respective exclusive economic zones
  • Neighbours Israel and Lebanon signed on Thursday a US-brokered agreement removing hurdles for natural gas production

Qatar summons German ambassador over minister’s comments

Taking a serious note of German Interior Minister's comments casting doubt on whether the Gulf state should host the football...
  • Faeser, in an interview with the ARD network aired Thursday, said that Qatar's hosting of the World Cup next month was "very tricky" for Germany
  • This is the first time a foreign ambassador has been summoned over such comments

DFSA signs agreement with Bangladesh SEC

DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities...
  • The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC Professor Shibli Rubayat Ul Islam Friday in Dubai.
  • The agreement provides a framework for facilitating cross-border collaboration between the two bodies on supervision and enforcement actions.

GCC’s two biggest trade allies are Asians

As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is...
  • Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.
  • But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.

OMV Q3 net profit at $3.28bn amid high energy prices

Revenue doubled year-on-year to US$17.1 billion.
  • OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.
  • Following European sanctions on Moscow, OMV froze its investments in Russia.

China’s President Xi expected to visit Saudi Arabia: Saudi FM

Prince Faisal bin Farhan hailed the "historical and solid relationship" between the major oil exporter and Beijing after talks with...
  • The potential visit comes at a time of strained ties between Saudi Arabia and long-standing ally the United States
  • Xi visited Saudi Arabia in January 2016, the year before Prince Mohammed was named as heir to the throne, ushering in a period of reform

Iraq parliament approves new government after year of deadlock

Prime Minister Mohammed Shia al-Sudani's 21-member cabinet is expected to face myriad challenges. The oil-rich but war-ravaged country is plagued...
  • Sudani, 52, was chosen to form the new government on October 13 following months of infighting between key Shiite Muslim factions
  • The movement of firebrand cleric Moqtada, Sudani's rival in Iraq's majority Shiite camp, refused to join the government

Netanyahu eyes return to power as Israel votes yet again

Lapid sails into the November 1 election just days after a diplomatic breakthrough -- finalising a landmark maritime border deal...
  • The longest-serving leader in Israeli history, the 73-year-old right-winger and security hawk is for the first time in years campaigning from the opposition
  • He is up against the centrist caretaker Prime Minister Yair Lapid, who last year manoeuvred a motley alliance of eight parties into a coalition

Israel, Lebanon strike ‘historic’ maritime border deal

UN chief Antonio Guterres said he "strongly" believed the deal can promote stability in the region and create "enhanced prosperity...
  • The agreement was signed separately by Lebanon's President Michel Aoun in Beirut and by Israel's Prime Minister Yair Lapid in Jerusalem
  • US President Joe Biden hailed the "historic" deal, that comes as Western powers clamour to open up new energy production and reduce dependence on Russia

UAE President, Austrian Chancellor discuss bilateral relations

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...
  • Leaders of UAE and Austria affirmed their interest in strengthening bilateral relations, especially in technology, energy, innovation and food security.
  • The two leaders underscored the importance of taking action to ease tension and promote dialogue to resolve crises with humanitarian, economic and food security implications.

At least 1,760 killed while seeking aid in Gaza since late May: UN

"While 994 were killed in the vicinity of GHF (Gaza Humanitarian Foundation) sites, 766 were killed along the routes of...

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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...

UN adopts resolution on immediate Gaza truce as US abstains

All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls...

Singapore makes Israel embassy delete ‘insensitive’ Palestinian post

Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Christians of Gaza pray for peace in times of war and destruction

Christian families from Gaza have found refuge inside the church with the memory of two women killed in December by...
  • Worshippers inside the church in their dress clothes lined the wooden pews decorated with palm fronds for the service marking the start of Easter week
  • Away from Gaza, Palestinian Christians marked Palm Sunday in Jerusalem with the fate of the people trapped by war weighing heavily upon them

China supports new UNSC draft resolution on Gaza ceasefire

Last Friday, the Security Council voted on a draft submitted by the United States that called for an "immediate" ceasefire...
  • The health ministry in the Hamas-run Gaza Strip on Sunday put the total death toll in the territory at 32,226, most of them women and children
  • Permanent Council member and key Israel backer the United States has unequivocally supported Israel's right to defend itself following Hamas's attacks

Aid to Gaza ‘requires Israel removing’ obstacles, says UN chief

Antonio Guterres repeated his call for an "immediate humanitarian ceasefire" to alleviate "the plight of Palestinian children, women and men...
  • He said the whole world recognises that it's past time to silence the guns in Gaza
  • The UN has repeatedly warned of famine in the Palestinian territory, particularly in the north