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

Turkey calls for ‘dignified way out’ of Ukraine crisis

Turkish President Recep Tayyip Erdogan called for a "dignified way out" of the seven-month crisis sparked by Russia's invasion of...
  • Erdogan has been using his good working relations with both Moscow and Kyiv to try and find a diplomatic solution to the war.
  • Erdogan delivered his address hours after four Moscow-held regions of Ukraine announced plans to vote in the coming days on annexation by Russia.

Putin accuses European Union of blocking Russian fertilizer

Putin accused the European Union of blocking 300,000 tons of Russian fertilizer from reaching the world's poorest countries. "Our offer......
  • In July, an agreement was signed which allowed Russia to export its agricultural products and fertilizer despite Western sanctions.
  • The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.

Aramco says global energy transition goals unrealistic

Oil giant Saudi Aramco's chief blasted "unrealistic" energy transition plans, calling for a "new global energy consensus", including ramped-up investments...
  • Aramco unveiled record profits of US$48.4 billion in Q2 of 2022 after Russia's invasion of Ukraine and a post-pandemic surge in demand sent crude prices soaring.
  • One of the reasons for energy crisis is declining oil and gas investments, the Aramco chief said.

Palestinian Authority raid sparks West Bank clashes

A rare operation by the Palestinian Authority security forces to arrest a Hamas member sparked clashes in the West Bank...
  • Unrest persisted through the morning, with hundreds of youths hurling rocks at Palestinian Authority armored vehicles.
  • Palestinian president Mahmud Abbas's forces maintain security ties with Israel, PA raids targeting Hamas members are not common.

Elon Musk intends to bring satellite internet to Iran

Musk had initially announced that the Starlink satellite internet service had been made available on every continent "including Antarctica" with...
  • Iranian-born science journalist Erfan Kasraie had said on Twitter that bringing the service to Iran could be a "real game changer for the future" of the country
  • Launched at the end of 2020, Starlink offers high-speed broadband service to customers in areas poorly served by fixed and mobile terrestrial networks

OIC Secretary General meets US Ambassador-at-large for religious freedom

The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place...
  • The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place in Washington last May were reviewed.
  • The meeting also exchanged viewpoints regarding the situations of Muslim societies and minorities in non-OIC countries and the phenomenon of Islamphobia.

Tigris: Iraq’s mighty river drying up

Water scarcity hitting farming and food security are already among the "main drivers of rural-to-urban migration" in Iraq, the UN...
  • This summer in Baghdad, the level of the Tigris dropped so low that people played volleyball in the middle of the river, splashing barely waist-deep through its waters
  • Years of war have destroyed much of Iraq's water infrastructure, with many cities, factories, farms and even hospitals left to dump their waste straight into the river

UN summit returns in divided world

After two years of pandemic restrictions and video addresses, the UN General Assembly is again asking leaders to come in...
  • This year, Ukraine will be very high on the agenda. It will be unavoidable, top EU diplomat Josep Borrell told reporters in New York
  • But UN Secretary-General Antonio Guterres has been urging leaders not to forget other priorities such as education, the topic of a special summit on Monday

France’s Macron to meet Iran’s Raisi for revival of nuclear accord

The Biden administration says the deal remains the best way to restrict Iran's nuclear program but has been increasingly pessimistic...
  • Macron will meet President Ebrahim Raisi on Tuesday on the sidelines of the UN General Assembly in New York and with US President Joe Biden the next day
  • Raisi, in an interview with CBS News' "60 Minutes," said he was open to a "good" deal but pressed for guarantees from Biden that the US will not again leave the accord

Kuwait renews support for peace initiative in Yemen

Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability...
  • The sentiment was conveyed by Kuwait's Foreign Minister Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah to US Special Envoy to Yemen Tim Lenderking in a meeting
  • The US envoy informed the Kuwaiti top diplomat about the outcome of his recent trips to the region and the latest developments related to the situation in Yemen

Israel plans to ‘take control’ of Gaza City, sparking wave of criticism

European Council chief Antonio Costa warned "such a decision must have consequences" for EU-Israel ties, while Germany said it was...

Company News

Latest News

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...

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...

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

Most Read

Saudi Arabia takes part in global mineral and mining meet in Canada

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
  • The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.
  • These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.

Netanyahu okays plan for operation in Gaza’s packed Rafah

Netanyahu "approved the plans for action in Rafah," his office said in a statement, without giving details or a timeline....
  • The statement from Benjamin Netanyahu's office said the military was "prepared for the operational side and for the evacuation of the population."
  • Biden, who has supported Israel during the war, has said an Israeli invasion of Rafah would be a "red line" without credible civilian protection plans in place

US sanctions network smuggling American tech to Iran’s central bank

US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates,...
  • The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement
  • Treasury's move freezes any US assets associated with the sanctioned individuals and entities, and generally prohibits Americans from doing business with them