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

Iran signs contract with Russia to supply it with 40 turbines

Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid...
  • Iran did not specify when the contract was signed, and when the turbines are due to be delivered
  • Russia and Iran hold some of the world's largest gas reserves, and are both under strict US sanctions

Boris Johnson drops out of race for UK PM

Declaring an end to his bid for the UK top job, former UK PM Boris Johnson said that he had...
  • Tories have been forced into a second leadership contest since the summer following Truss's resignation after only 44 disastrous days into her tenure
  • Sunak had raced ahead in the count for Tory MPs' support, drawing backing from across the parliamentary party and crossing the minimum threshold Friday

Arab League welcomes UN report on Israeli conduct in Palestinian territories

Welcoming the report brought out by the UN Independent International Commission of Inquiry, the Arab League has praised the efforts...
  • The report documented in detail Israeli policies and procedures that form crimes as per the International Criminal Law
  • The Arab League said the contents of the report are an important addition to the series of positions and reports issued by the UN and human rights international institutions

Gulf nations add momentum to Asianization of global economy

Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority...
  • The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil
  • GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia

DTC Abu Dhabi-UNESCO study on pandemic impact ‘useful’ in plugging gaps

Abu Dhabi, UAE - The Culture Summit Abu Dhabi began in the UAE capital with discussions on the impact of...
  • Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, said, “If an issue happens in Brazil or Iraq or Syria, it affects us as well."
  • The Culture Summit brings together the public, private, government and academic sector to find such practical policies on the ground.

Iran’s nuclear agency says its subsidiary’s email server hacked

A group called Black Reward on Friday issued an ultimatum on Twitter, threatening to release documents on Tehran's nuclear programme...
  • Iran has been gripped by weeks-long demonstrations sparked by the death of 22-year-old Amini on Sept. 16 after her arrest for allegedly violating the country's dress code.
  • The street violence has led to dozens of deaths, mostly among protesters but also among the security forces, and hundreds of demonstrators have been arrested.

Russia holds talk with UK, France, Turkey on Ukraine war

In all three calls, Russian defense minister Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a...
  • Russian defense minister Sergei Shoigu held a phone call with the defense ministers of UK, Turkey and France
  • In all three calls, Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a 'dirty bomb'".

Saudi Crown Prince launches program to make KSA investment hub

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
  • GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
  • It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.

Jordan to host 2022 OSCE Mediterranean Conference

AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
  • The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
  • These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.

Mohammad bin Salman to visit India on way to Indonesia for G-20 summit

The visit is expected to last a few hours on Nov 14, and the Saudi Crown Prince and the Indian...
  • Besides reviewing bilateral projects, the two leaders are also expected to discuss the progress on the Crown Prince’s promised $100-billion investment in India, the report said.
  • Doctors meanwhile advised the Crown Prince not to travel to Algiers for an upcoming summit, the Algerian presidency said Sunday.

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,...

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IMF chief calls upon China to boost growth with pro-market reforms

BEIJING, CHINA – The head of the International Monetary Fund on Sunday called on China to implement "a comprehensive package of...

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...

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

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UAE and Egypt presidents hold discussions in Cairo to boost ties

Cairo, Egypt-- UAE's President Sheikh Mohamed bin Zayed Al Nahyan and his counterpart from Egypt Abdel Fattah El-Sisi met in...
  • The two presidents explored opportunities for further collaboration within the framework of the strategic partnership that unites the two countries
  • The two leaders also reviewed the ongoing efforts to address the humanitarian situation in the Gaza Strip and alleviate the suffering of its people

Three wounded in Israeli strikes in east Lebanon

Israel has been launching air strikes deeper into Lebanese territory for several weeks against Hizbollah positions, heightening the threat of...
  • The Israeli military said in a statement fighter jets "struck a Hizbollah manufacturing site"
  • At least 323 people have been killed in Lebanon, most of them Hizbollah fighters

Turks to vote in local polls as Erdogan seeks to avenge defeat

Erdogan has entrusted his former environment minister Murat Kurum to run for mayor of Istanbul in the March 31 polls...
  • Erdogan is leading the AKP campaign and his rallies are broadcast daily on television
  • The government's failure to get inflation of 67% under control could hurt his Kurum's chances