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

Mass funerals after Israeli raids on West Bank militants kill six

The Palestinian health ministry said five people were killed in Nablus in the northern West Bank, where Israel confirmed an...
  • Israeli Prime Minister Yair Lapid said that "the head" of the Lions' Den, was among those killed
  • US Secretary of State Antony Blinken said the US had "real concern" over the West Bank violence

Libya signs two defense deals with Turkey

Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large...
  • The latest deals come three weeks after Turkey's Foreign Minister Mevlut Cavusoglu signed a deal in Tripoli allowing for oil and gas exploration in Libya
  • The agreement was rejected by a rival administration in the war-torn country's east, as well as neighboring Egypt

Gulf war couldn’t have been won without Kingdom’s support, says Saudi Energy Minister

Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...
  • Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh
  • Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy

Saudi Arabia key place for solutions to global supply chain issues, says investment minister Khalid Al Falih

Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...
  • George Osborne, Former First Secretary of State, UK said the US and China need to find a way to work together in order to make the world a better place.
  • Some rules and policies that came into existence post WW II are not fair to many Asian and African nations, said Senegal's president Macky Sall.

GCC, S. Korea begin sixth round of talks on free trade agreement

SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...
  • GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.
  • The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.

Amnesty urges ICC probe of possible Gaza war crimes

The International Criminal Court has opened an investigation into the Israeli-Palestinian conflict, expected to focus in part on possible war...
  • Thirty-one civilians were among the 49 Palestinians killed in the Israeli-blockaded Gaza Strip during the three-day conflict, the global rights group said in a new report
  • The London-based organization pressed the ICC to "urgently investigate any apparent war crimes committed during the August 2022 Israeli offensive" in the Palestinian enclave

More than 300 put on trial in Iran, 4 could face death penalty

Tehran prosecutor Ali Salehi said that indictments have been issued for 315 people on charges of "congregating and colluding with...
  • Iran witnessed a wave of protests over the death of 22-year-old Amini on Sept. 16 after her arrest by the morality police for violating the country's dress code.
  • The judiciary had previously announced on October 12 that more than 100 people had been charged in Tehran province and Hormozgan province over the unrest.

Lebanese lawmakers fail to pick President for fourth time

Already governed by a caretaker cabinet, crisis-hit Lebanon is hurtling towards an imminent power vacuum, with just days before the...
  • A total of 50 lawmakers in Lebanon's 128-seat parliament left their votes blank, many from the Iran-backed Hezbollah.
  • Parliament speaker Nabih Berri called for another vote on Thursday in the hope of overcoming long-running arguments.

Sanctioned Iran general tells EU to ‘buy coal’ with assets

The EU's 27 member states have been squabbling for months over measures to lower energy bills as winter nears.
  • Ukraine war has pushed energy prices skywards, with Russia withholding gas deliveries to most of Europe in reaction to Western sanctions
  • Bagheri called the imposition of EU sanctions a "mistake" similar to those the United States made when it sanctioned him in 2019

UAE-Bahrain non-oil trade surges to $6.5bn in 2021

The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.
  • The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries
  • He highlighted the importance of intensifying cooperation between the government and private sectors of the two countries

Israeli far-right minister backs contentious West Bank settlement plan

Israel's finance minister on Thursday backed plans to build 3,400 homes in a particularly contentious area of the occupied West...

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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...

World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...

Red Crescent says Israel army besieges two more Gaza hospitals

PALESTINIAN TERRITORIES – The Palestinian Red Crescent said on Sunday that Israeli forces were besieging two hospitals in southern Gaza,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Sprinklers and drip irrigation help Iraqis beat drought

After four years of drought, Iraqi farmer Mohammed Sami was about to abandon his father's parched land, but then a...
  • Last year the WFP's water management project helped more than 1,100 farmers "in areas most affected by climate change and drought," said Khansae Ghazi from the UN agency
  • The new irrigation systems "use 70 percent less water than traditional methods such as flooding" -- the vastly more wasteful method used for millennia

Under siege, Sudanese risk their lives to feed each other

Sameh Makki's soup kitchen is barely 100 meters from the market, but it can take two hours to make the...
  • When war erupted, the resistance committees of Youth created Emergency Response Rooms to provide civilians in the line of fire with healthcare, evacuation help and food aid
  • International aid groups call them the frontline of Sudan's humanitarian response and the United Nations has said ERRs have helped over four million civilians across Sudan

Chinese-owned tanker hit by Houthi missile in Red Sea

The Panamanian-flagged, Chinese-owned and operated Huang Pu issued a distress call but did not request assistance, US Central Command said....
  • CENTCOM said Houthi rebels had launched four anti-ship ballistic missiles in the Red Sea
  • It added that, after the attack, US forces engaged six drones launched by the Houthis