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

‘Hungary wants EU sanctions on Russia lifted by year end’

Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a...
  • Hungary is highly dependent on Russian oil and gas and Budapest has already secured an exemption from sanctions on Russian crude oil imports via pipelines.
  • EU foreign ministers held an emergency meeting to discuss after Moscow mobilized reservists for its war in Ukraine.

UAE, Jordan ink pact to standardize specifications

The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and...
  • The agreement aims to facilitate industrial, trade and economic growth in both the UAE and Jordan.
  • The pact encourages cooperation in conformity assessment procedures for non-food and non-pharmaceutical industrial products.

Saudi Education Minister meets founder of edX platform in US

Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...
  • The minister met the platform's founder to discuss ways to promote cooperation in the online education and e-training industry,
  • The two discussed ways to develop a partnership between the National Center for E-Learning FutureX and the edX platform.

Truss at UN vows UK military aid ‘until Ukraine prevails’

Truss became the latest Western leader at the UN General Assembly in New York to rail against Russian President Vladimir...
  • Truss's comments came amid growing resentment in some quarters of the developing world over the West's massive spending on weapons for Ukraine
  • The Conservative leader also said that the United Kingdom was committed to spending three percent of its GDP on defense by 2030

US announces $2.9 billion for resolving global food insecurity

The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate...
  • The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate crisis, rising energy and fertilizer costs.
  • The US aid "builds on the $6.9 billion in US government assistance to support global food security already committed this year," a statement said.

We are helping Lebanon to deal with economic challenges: Blinken

The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues.
  • The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues
  • Prime minister Mikati thanked Blinken for his support and the opportunity to talk about Lebanon’s problems.

Iran’s President Ebrahim Raisi faces lawsuit in US for his role as judge

Iran's President Ebrahim Raisi is the target of the complaint for his role as a judge in the 1980s when...
  • Kylie Moore-Gilbert, an Australian-British academic imprisoned in Iran from September 2018 to November 2020 for espionage
  • In August in New York a civil lawsuit filed by a separate exile group challenged US authorities to take action against Raisi ahead of his UN appearance

Pentagon denies link to fake social media accounts

After a Washington Post report revealed that Facebook and Twitter have shut down a number of fake accounts suspected to...
  • Pentagon spokesman cautioned against assuming that the Defense Department was behind the accounts, leaving it possible that another government agency was involved
  • The Washington Post noted a report last month by Graphika and the Stanford Internet Observatory on pro-Western covert influence operations

Israeli, Turkish leaders meet as tensions ease

Turkish President Recep Tayyip Erdogan and Israeli prime minister Yair Lapid met on the sidelines of the United Nations General...
  • The Israeli leader also raised concerns about arch-enemy Iran and "thanked President Erdogan for intelligence cooperation," his office said
  • In his address to the UN General Assembly, Erdogan renewed calls for the establishment of a Palestinian state with East Jerusalem as its capital

UAE, France, India share vision on sustainable growth: Sheikh Abdullah

New York, USA - UAE, France and India have discussed the need for enhancing global cooperation to counter energy and...
  • Foreign ministers of the three countries reviewed it as they met on the sidelines of UNGA's 77th session.
  • The three ministers discussed enhancing global cooperation in facing issues like energy and food security.

Putin-Trump summit to meet on Friday on Ukraine: what we know so far

On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...

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Syria landmine blast kills 19 truffle hunters, says war monitor

BEIRUT, LEBANON – At least 19 people searching for truffles in the north Syria desert were killed on Saturday after their...

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...

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

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Fatah rejects Hamas criticism of new prime minister’s appointment

Ramallah, Palestinian Territories - Palestinian president Mahmud Abbas's Fatah party hit back at criticism by Hamas and other factions over his...
  • Palestinian president Mahmud Abbas appointed Mohammed Mustafa as prime minister and tasked him with forming a new government.
  • Mustafa replaces Mohammed Shtayyeh, who resigned less than three weeks ago citing the need for change after the Hamas attack of October 7.

Massive fire destroys prestigious Arab film studio in Egypt

CAIRO, EGYPT – A major fire here destroyed one of the Arab world's most prestigious and oldest film production houses, founded...
  • Flames overtook the Al-Ahram Studio in Giza district, burning everything inside and spreading to three surrounding buildings.
  • Residents of the neighboring buildings were still sleeping on the ground in nearby streets at dawn on Saturday

US charity says aid unloaded, ready for delivery in Gaza

A US charity said its team in the war-ravaged Gaza Strip had finished unloading the first maritime aid shipment to...
  • The group is preparing a second boat of 240 tons of food to set sail from Cyprus, the starting point of a new maritime aid route across the eastern Mediterranean.
  • The humanitarian effort is intended to mitigate food shortages that have prompted famine warnings in Gaza from the UN and aid workers.