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

UAE president Sheikh Mohamed Zayed to visit Putin in Moscow

Sheikh Mohamed bin Zayed Al-Nahyan "will discuss with President Putin the friendly relations between the UAE and Russia along with...
  • Tuesday's visit will be Sheikh Mohamed's third foreign trip since officially taking the reins as president following the death of his brother Sheikh Khalifa bin Zayed Al Nahyan.
  • The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices.

Trio win Nobel for banking’s role in economy, collapse prevention

Ex-Fed chief Ben Bernanke together with Douglas Diamond and Philip Dybvig were honoured for having "significantly improved our understanding of...
  • Bernanke, 68, the chair of the US Federal Reserve between 2006 and 2014, was highlighted for his analysis of "the worst economic crisis in modern history" -- the Great Depression.
  • Diamond and Dybvig were in turn honoured for showing how "banks offer an optimal solution" for channelling savings to investments by acting as an intermediary.

Ukraine nuclear plant, Europe’s biggest, reconnected to grid

The International Atomic Energy Agency (IAEA) said on Saturday that the plant -- Europe's largest nuclear power station -- had...
  • The plant's six reactors are in cold shutdown, they require electricity for vital nuclear safety and security functions, including cooling
  • Russian President Vladimir Putin ordered his government this week to take over operations at the power station in southern Ukraine

UN denounces ‘heinous killing’ of migrants in Libya

Accusing smugglers of being behind the "heinous killing" of 15 migrants near the Mediterranean coastal city of Sabratha, the United...
  • Libya was a key route for clandestine migration even before the 2011 uprising that overthrew dictator Moamer Kadhafi
  • Since the start of the year, more than 14,000 migrants have been intercepted and returned to Libya, the International Organization for Migration said Monday

Germany investigates ‘sabotage’ on its rail framework

Rail operator Deutsche Bahn blamed the travel disruptions on "sabotage", while Transport Minister Volker Wissing spoke of "a targeted and...
  • Important communications cables were cut at two sites on Saturday, forcing rail services in the north to be halted for three hours.
  • Police have said the investigation into Saturday's incident is still wide open and they have not publicly mentioned any suspects.

Qatar to hike Jordanian food imports during World Cup

Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...
  • Qatar relies heavily on Jordanian market for vegetables and fruits.
  • Volume of Jordan-Qatar trade during the past 10 years amounted to over US$3.17 billion.

French PM leads delegation to Algeria as ties improve

French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...
  • Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
  • The French PM is expected to sign deals on economic cooperation, including energy.

Two security members killed in Iran protests: State media

A wave of unrest has rocked Iran since the 22-year-old Kurdish woman died on September 16 after her arrest by...
  • The street violence has led to dozens of deaths, mostly of protesters but also members of the security forces.
  • A member of the Basij force was killed Saturday night "after suffering a serious head injury following an armed attack by a mob" in the south of the capital, IRNA said.

Israel launches manhunt for east Jerusalem checkpoint attacker

Hours after two Palestinian teenagers were shot dead in an Israeli raid in the occupied West Bank, Israeli troops were...
  • Police cordoned off the area near the checkpoint and dozens of officers had been deployed at the entrance and exit of east Jerusalem
  • Two reporters were wounded Wednesday while covering a military operation near the West Bank city of Nablus, in which one Palestinian was killed

Kuwait puts off first parliament session until mid-October

Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18,...
  • The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls
  • The government has not taken the constitutional oath because of the objection of more than 40 members of parliament

Iran security chief meets officials in Iraq before Lebanon visit

Ali Larijani, the head of Iran's top security body, met with senior officials in Iraq on Monday, ahead of a...

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‘US circulates draft UN resolution calling for immediate truce in Gaza’

"Of course, we stand with Israel and its right to defend itself... but at the same time, it's imperative that...

Qatar and Turkey to reunite wounded Gazans with their relatives in Doha

Doha, Qatar - Qatar and Turkey announced partnership in reuniting wounded Palestinians from the Gaza Strip with their relatives in...

Gaza ceasefire, post-conflict planning on Blinken’s Saudi visit agenda

Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Israel’s Gallant to visit US as Rafah pressure builds

During his first visit to Washington since war erupted in response to Hamas's unprecedented October 7 attack, Gallant is due...
  • Netanyahu's office said a delegation would visit Washington at "the request of US President"
  • Biden said Monday he had told Netanyahu to send a team to Washington

No oil and gas majors aligned with climate targets: report

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
  • The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
  • At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H

GCC and EU hold talks to boost economic, political ties

Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance...
  • Jasem Mohamed Albudaiwi, head of the GCC, held talks with members of the EU Political and Security Committee
  • The two sides exchanged views on a group of regional and international issues, including the crisis in the Gaza Strip