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

Egypt looks to regain its glorious past

As Cairo gears up to open "the largest archaeological museum in the world," Egypt's former antiquities minister Zahi Hawass said...
  • The stele has been housed in the British Museum since 1802, inscribed with the legend "Captured in Egypt by the British Army in 1801"
  • No official requests for the treasures' return have been received "from the Egyptian government", according to the three European museums

US again approves most aid to Egypt despite rights concerns

President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on...
  • Some of Biden's political allies have pressed for a wider cutoff of aid to Egypt, which rights groups estimate is holding more than 60,000 prisoners of conscience
  • Senator Chris Murphy, a Democrat, scoffed at the idea that Egypt was making progress and earlier this week called on the administration to withhold more funds

UAE delegation, led by Abdullah bin Zayed, in Tel Aviv to discuss ways to boost ties

Sheikh Abdullah is travelling with a high-level UAE delegation on his visit, which will span several days and marks two...

Covid pandemic end in sight, seize this opportunity: WHO

Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to...
  • WHO is urging countries to invest in vaccinating 100 percent of the most at-risk groups, and to keep up testing and sequencing for the virus.
  • A WHO study based on excess mortality seen in various countries during the pandemic estimated that up to 17 million people may have died in 2020 and 2021.

Air India Express plane evacuated after engine fire in Oman

Footage aired by Omani TV showed smoke billowing from the plane, which had been taxiing for departure for Kochi in...
  • The airline said there was no fire warning in the cockpit and the smoke was spotted by another aircraft.
  • Arun Kumar, head of the Indian Directorate General of Civil Aviation, told AFP that "appropriate action" would be taken over the incident.

Lebanese woman robs bank to ‘pay for ill sister’s’ treatment

It was just the latest in a string of heists as Lebanese depositors, whose savings have been trapped in banks...
  • Sali Hafiz streamed a live video of her raid, in which she could be heard yelling at employees to release a sum of money while entrances to the bank were sealed.
  • She instantly turned into a folk hero on social media in Lebanon, where many are desperate to access their savings and furious at a banking sector perceived as a corrupt cartel.

European Union plans to cut soaring gas, electricity prices

In the EU's electricity market, the price is based on the last source used to meet demand -- often a...
  • Wholesale energy prices thus soared together when the war in Ukraine sent the cost of gas skyrocketing.
  • Commission chief Ursula von der Leyen said the levy, or cap, would raise at least $140 billion. The commission wants to reduce monthly consumption by 10 percent.

Iran wants closer ties with UAE: foreign minister

Iran is keen to broaden its relations with the UAE, six years after the diplomatic tussle between Iran and other...
  • In 2020, the UAE established diplomatic relations with Israel, a move which Tehran condemned
  • Abu Dhabi has been pursuing a policy of rapprochement with former regional rivals including Qatar, Turkey and Iran

Israel confirms talks on temporary Qatar office for World Cup

Israel has not qualified for the tournament which begins in November, but has announced a deal that will allow its...
  • Qatar does not recognise Israel and supports Hamas, the Palestinian Islamist group that controls Gaza and has fought four wars with Israel since 2008
  • Israel, which maintains a blockade on Gaza, engages with Doha to grant permissions for the distribution of Qatari aid in the Palestinian coastal enclave

Lying in state is an old UK tradition

It is an honor usually accorded to sovereigns and sometimes former prime ministers. Since 1910, when King Edward VII lay...
  • On top will be the Imperial State Crown with the orb and sceptre representing spiritual and temporal power
  • Queen Elizabeth, the Queen Mother, who died on 30 March, 2002, lay in state in Westminster Hall before her funeral

Israel seeks full control of Gaza, won’t keep or govern it: Netanyahu

"We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans...

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UN should organize more aid convoys for north Gaza: Israel

An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...

GCC seeks travel ease with Schengen visa exemption

GCC Secretary General Jasem Albudaiwi calls for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to...

Former US treasury secretary says preparing buyout of TikTok

Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Leader of US Senate calls for election in Israel

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...
  • “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.
  • He said that Netanyahu was one of four "major obstacles" to a two-state solution.

UAE, Hungary ink pact to enhance trade, investment ties

ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...
  • The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
  • The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.

Israeli lawmakers approve revised wartime budget

The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...
  • Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels
  • Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry