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

Accumulating bitcoin a risky digital rush by companies?

London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...

IMF and Tunisia reach agreement on $1.9 billion loan

The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval...
  • Under a four-year accord, Tunisia has committed to undertake a "comprehensive economic reform program" as the country gets access to the money.
  • On Saturday, thousands of people took to the streets of Tunis and protested against the policies of President Kais Saied who seized power last year.

Finance Ministers of UAE, India discuss trade, economic ties

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...
  • The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.
  • The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.

Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...
  • The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.
  • The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.

Saudi Arabia and S. Africa to deepen ties in several fields

The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...
  • An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President
  • The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.

Iran says situation ‘under control’ after ‘trouble’ at prison

Tehran, Iran - "Troubles" erupted between inmates and guards at Tehran's Evin prison and a fire broke out but the situation...
  • "Troubles and clashes took place on Saturday night" in the prison and "rioters" started a fire, local news agency said
  • At least eight people were injured, but "the situation is currently completely under control," said the security source.

GCC and UK hold first round of talks on Free Trade Agreement

The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...
  • The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.
  • More than 100 British negotiators representing different sides of the British government participated in the round.

Dubai records 65% decline in crime reports during Q3

Dubai, UAE—Dubai Police has recorded a 65 percent drop in the number of criminal reports during the third quarter of...
  • The statistics were revealed during the quarterly appraisal meeting of the General Department of Criminal Investigations (CID)
  • Lt. Gen. Al Marri, head of Dubai Police, commended the efforts made by the dedicated officers and employees of the CID to apprehend the perpetrators of crimes

Tunisian protestors demand president’s resignation

Demanding his resignation, tens of thousand of demonstrators in Tunis denounced a power grab by President Kais Saied, chanting "Down,...
  • Ali Laarayedh, Tunisia's former prime minister and a senior Ennahdha official, told AFP that the protest was an expression of "anger at the state of affairs under Kais Saied"
  • In public remarks, Saied has argued he was working to "correct" economic troubles he had inherited from Tunisia's post-Ben Ali leadership

Oil depot hit and on fire in Russia’s Belgorod, says governor

An oil depot in Russia's Belgorod region bordering Ukraine is on fire after being shelled, the governor said, as strikes...
  • One of the shells hit the oil depot in the Belgorod region, regional governor Vyacheslav Gladkov said.
  • State-run news agency TASS cited a source in the emergency services saying the burning depot was located in the village of Razumnoye-71

WFP calls for action to avoid another year of record hunger

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today...
  • The UAE has launched the Agriculture Innovation Mission for Climate (AIM for Climate) in partnership with the US.
  • The objective is to raise investments worth US$8 billion in sustainable and climate-smart agrifood systems based on modern technologies.

Palestinian mother ‘destroyed’ after image used to deny Gaza starvation

Montreal, Canada - Palestinian-Canadian Faiza Najjar was able to leave Gaza last year, but could not bring her four adult...

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EU to tell big tech firms to curb election risks or face fines

BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle...

US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...

Libya to continue Tunisia border closure till end of smuggling

Tripoli, Libya - Libya's shutdown of its main border crossing with Tunisia this week will remain in force until authorities put...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Finland to resume funding to UN agency for Palestinian refugees

Australia, Canada and Sweden, which were among those states, announced earlier this month they were resuming aid. Ten percent of...
  • Finland suspended its yearly funding of five million euros in January, following Israel's allegations that 12 of the UN agency's 30,000 employees were involved in the Hamas attack
  • Finland's minister Tavio said in a statement that preventing misconduct and initiating close monitoring give sufficient guarantees at this point for resuming the support

Middle East oil policies not dictated by US, says Russia

MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the...
  • The US cannot dictate prices, although they would like to as the world is becoming a multipolar one, a Russian official said.
  • "This multipolarity is expressed in particular in the existence of the group of countries known as OPEC+," he added.

UK, Australia call for ‘immediate cessation of fighting’ in Gaza

Adelaide, Australia--Britain and Australia declared the need for an "immediate cessation of fighting" in Gaza, as diplomatic pressure built on Israel...
  • The allies issued a statement that stressed the "urgency of an immediate cessation of fighting in Gaza to allow aid to flow and hostages to be released"
  • The UK's call for an "immediate cessation of fighting" is a sign that Britain is also growing anxious about the toll of what Israel calls Operation Swords of Iron.