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

Qatar no more listens to World Cup skeptics: Official

Qatar already has hosted major competitions including the 2021 Arab Cup, a dress rehearsal for this year's tournament, said organizing...
  • The tiny, gas-rich Gulf state is preparing for the biggest event in its history as it gets ready to welcome more than one million fans for the first winter World Cup in Nov, Dec.
  • Organizers also insist there will be enough accommodation for all fans in the country of 2.8 million.

61 dead in migrant shipwreck off Syria coast, says Lebanon

At least 61 migrants drowned when a boat they boarded in Lebanon sank off Syria's coast, a Lebanese minister said,...
  • Caretaker transport minister of Lebanon said over 100 people, mostly Lebanese and Syrians, were on board the small boat.
  • Syrian authorities had said around 150 passengers were on board.

Putin, Saudi crown prince satisfied after prisoner exchange: Kremlin

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone to express their satisfaction over a...
  • As part of the exchange, Ukraine received 215 of its troops, including fighters who led the defence of Mariupol's Azovstal steelworks
  • Ten prisoners of war from other countries, including the United States and Britain, were transferred to Saudi Arabia

Ahead of World Cup, influencer ‘Mr Q’ lifts veil on Qatar

Qatar has dozens of online influencers on topics ranging from "modest" but expensive fashion, to the latest sports car being...
  • The 38-year-old has become a social media hit by partially lifting the veil over the tiny but mega-rich Gulf state
  • Haroon's cheerful #QTip videos broach everything from saying "Hello" in Arabic to the right way for men to wear the flowing ghutra headdress

Israel PM: World must use force if Iran builds nuclear bomb

For the past 10 days, various officials have suggested the deal - which US then-president Donald Trump scrapped in 2018...
  • Israel has been conducting an intense diplomatic offensive in recent months to try to persuade the US and European powers not to renew the 2015 Iran nuclear deal
  • A senior US official downplayed any differences between Lapid and President Joe Biden, who has vowed not to let Iran develop an atomic bomb

UAE signs cooperation pact with Ethiopia on extradition, legal assistance

Abu Dhabi, UAE - The UAE signed agreements on extradition and mutual legal assistance in criminal matters with Ethiopia. The...
  • The new agreement aims at mutual cooperation in legal and judicial fields.
  • According to Ethiopia's Ministry of Trade and Regional Integration, trade between Ethiopia and the UAE exceeded $2.5 billion in the last five years.

South Africa seeks wind energy to resolve power situation

South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening...
  • The coal-dependent country picked 25 wind and solar projects to generate a total of 2,583 megawatts.
  • Official data earlier this month confirmed that GDP of South Africa shrank partly owing to the energy crisis.

Ukraine suffered nearly $1 trillion in losses since Russian invasion

The figure was equivalent to five times Ukraine's annual GDP before the invasion in February, Oleg Ustenko, economic advisor to...
  • In terms of "direct and indirect costs" Ukraine had suffered "somewhere close to $1 trillion" in damages, said the official.
  • The official previously estimated the damage caused by Russian forces in the first 14 days of war totaled around $100 billion.

UK government revokes gas fracking ban in England

Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.
  • Fracking is carried out by blasting a mixture of water, sand and chemicals underground to release shale oil and gas.
  • But environmentalists argue that the process contaminates water supplies, hurts wildlife, causes earthquakes and contributes to global climate change.

Fossil fuels make up 90 percent of Middle East air pollution: Study

In 2017, an international team of researchers set off on an epic voyage across the eastern Mediterranean, through the Suez...
  • The World Health Organization this year said the MENA region had some of the poorest air quality on Earth.
  • Emissions from container vessels in one of the busiest shipping lanes in the world also contributed to the smog.

Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump

The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...

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Israeli attack on Ramadan Friday kills 36 relatives in Gaza

Israel's military campaign against Gaza has killed at least 31,553 people, mostly women and children, according to the Hamas-run territory's...

Israeli fighter jets bomb Syria weapons depot

Israel has launched hundreds of air strikes on targets in Syria since civil war broke out in 2011, mainly targeting...

Second aid ship prepares to leave for Gaza from Cyprus

According to Cyprus foreign ministry spokesperson, the ship will depart for Gaza today even as US charity World Central Kitchen...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Noura Al Kaabi leads UAE’s delegation to UN Commission on the Status of Women

NEW YORK, US – Minister of State Noura Al Kaabi led the United Arab Emirates’ delegation to the 68th session...
  • Delivering the UAE’s national statement in the CSW68 General Debate, Al Kaabi emphasised the need to protect Palestinian women and girls.
  • She participated in a ministerial roundtable on mobilizing financing for gender equality and the empowerment of all women and girls

Houthi, Hamas mull ‘encircling’ Israel in Lebanon meet

Yemen's Iran-backed Houthi rebels discussed "expanding confrontations and encircling" Israel in a meeting in Lebanon with Hamas and other Palestinian...
  • The two groups discussed "mechanisms to coordinate their actions of resistance" for the "next stage" of the war in Gaza.
  • They discussed the "complementary role of Ansar Allah (the Houthis) alongside Palestinian factions, especially in the event of an Israeli offensive on Rafah".

Gaza strike kills 36 relatives in first Friday of Ramadan

Palestinian Territories - Displaced by Israeli bombardment, the Tabatibi family gathered in central Gaza to eat together during the first...
  • An air strike hit the building where they were staying as women prepared the pre-fasting meal, killing 36 members of the family, survivors said.
  • Because there were not enough body bags, some of the dead - including at least two children - were wrapped in white cloth stained with blood.