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

Lebanese man storms bank to demand money for son in Ukraine

Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict...
  • The armed pensioner, in his 50s, demanded access to the 24,000 dollars in frozen funds in his account.
  • He was detained, his brother said, and it was unclear whether he had been able to release any of his savings.

Saudi Arabia, China sign agreement on air transport

The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and...
  • The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart
  • It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.

US to impose ‘further costs’ on Iran over protests crackdown

Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for...
  • Iran has been under crippling US economic sanctions largely related to its controversial nuclear program which Tehran insists has only civilian purposes
  • Biden said that he was concerned about reports of the violent crackdown on peaceful protestors in Iran, including students and women

Rubbish reform: changes to waste management could slash emissions

Governments around the world have pledged to reduce emissions of methane (CH4) - which absorbs 80 times more solar radiation...
  • A new report by the GAIA found that simple tweaks in the waste sector could slash carbon emissions by the equivalent of the annual emissions of 300 million cars
  • The researchers modelled potential emissions reductions from eight cities around the world and found that, on average, they could cut waste sector emissions by almost 84 percent

Yemen’s fate hangs in balance as truce collapses

Special envoy Hans Grundberg pledged "relentless efforts" to reinvigorate the truce, which lapsed on Sunday after bringing a sharp reduction...
  • Grundberg's plan to extend the truce which was initially set to last two months and was renewed twice, to half a year
  • The US expressed its "deep concern" at the expired truce, and said that the UN-mediated deal represents the best opportunity for peace

IEA urges Europe to reduce winter gas consumption

Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total cut...
  • The IEA warned of "unprecedented risks" of shortages unless demand is reined in, estimating cuts of nine percent are needed
  • IEA said diversification had at least enabled gas stockage facilities to stand at almost 90 percent of capacity at the end of September

IMF, GCC agree Middle East reforms dialogue must continue: Georgieva

At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress...
  • Georgieva also hailed the kingdom’s role in supporting countries in the region and “vulnerable countries more broadly that have been impacted by multiple shocks.
  • The IMF chief said she held "inspiring discussions with impressive Saudi women who have played a leading role in reducing inequalities and supporting Saudi's economic growth".

Turkey, Libya sign maritime hydrocarbons agreement

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.
  • The deal follows an agreement Turkey signed with authorities in Tripoli in 2019, which demarcated the countries' shared maritime borders.
  • The deal came at the height of a year-long battle between rival governments vying for control of the capital.

UAE takes part in G20 Finance Track in Indonesia

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...
  • The meeting was held in Indonesia and sought to discuss key global economic issues.
  • G20 members, invited non-G20 member countries, representatives of the World Bank, IMF, and OECD also attended the meeting.

Iran says nuclear deal still possible, efforts underway with mediators

"Efforts are underway with the European coordinator and other mediators, including the foreign ministries of neighboring countries, to exchange messages...
  • His remarks come amid on-off talks that have been underway since April 2021 to revive the deal that gave Iran sanctions relief in return for curbs on its nuclear program.
  • The landmark Vienna deal has been in tatters since then US president Donald Trump withdrew from it in 2018 and Iran later backed away from its own commitments.

UN, media groups condemn Israel’s deadly strike on Al Jazeera team in Gaza

Dozens of Gazans stood amid bombed-out buildings in the courtyard of Al-Shifa Hospital in Gaza City to pay their respects...

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Hamas leader blames Israel for sabotaging truce talks

Ismail Haniyeh said that the Israeli actions at Al-Shifa Medical Complex "confirm their intent to obstruct the recovery of life...

EU members to discuss Bosnia entry into Union

Brussels, Belgium - A group of EU countries including Germany on Tuesday pushed for a green light to start membership negotiations...

Israel strikes ammunition depot of Hizbollah in Syria

Beirut, Lebanon - Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN says Israel may be using starvation as weapon of war

"The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of...
  • The comments came after a UN-backed assessment determined that the war-torn Palestinian territory is facing imminent famine.
  • Meanwhile, Israel's spy chief left Doha but talks over a Gaza ceasefire and hostage release are continuing in Qatar's capital.

UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...
  • This robust financial footprint positions the UAE as a significant economic force with strong potential for continued expansion.
  • The focus on emerging markets and the creation of strategic partnerships further amplifies this momentum.

Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with...
  • During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region
  • Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said