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

Saudi seized 700m Captagon pills smuggled via Lebanon since 2015: Envoy

Saudi Arabia has seized over 700 million narcotic pills that entered its territory via Lebanon in the past eight years,...
  • The kingdom suspended fruit and vegetable imports from Lebanon last year, accusing it of inaction after seizing millions of captagon amphetamine pills smuggled in fruit shipments.
  • Captagon, an amphetamine that is wreaking havoc in Saudi Arabia and other Arab states, is produced mainly in Syria, as well as in Lebanon.

Iraq, Kuwait, US conduct joint patrol in Arabian Gulf

Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering...
  • Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering exercises and maritime security drills
  • US ships included patrol coastal ship USS Sirocco (PC 6) and fast response cutter USCGC Charles Moulthrope (WPC 1141)

UN chief calls for restraint as Iraq descends into chaos

Hours after Baghdad’s Green Zone plunged into chaos, UN chief Antonio Guterres has called for "restraint" in Iraq, asking all...
  • Tensions have soared in Iraq amid a political crisis that has left the country without a new government, prime minister or president for months
  • The situation escalated sharply after Sadr's supporters stormed the government palace on Monday following their leader's announcement

Shelling targets Baghdad’s Green Zone amid chaos after Sadr quits politics

Tensions have soared in Iraq amid a political crisis that has left the country without a new government, prime minister...
  • The security source said Sadr's supporters opened fire at the Green Zone from the outside, adding that security forces inside were not responding
  • Protests spread to other parts of the country, with Sadr followers storming government buildings in the cities of Nasiriyah and Hillah south of Baghdad

Iran says nuclear deal ‘pointless’ without end to IAEA probe

The Iran nuclear deal with world powers still appears to be far from certain as President Raisi now says that...
  • The IAEA has referred to the traces of nuclear materials as a "safeguards" issue
  • The agreement between Iran and six world powers -- Britain, China, France, Germany, Russia and the United States -- gave the Islamic republic sanctions relief

Saudi-Thai Business Council set up to enhance trade

The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
  • The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
  • Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts

EU plans emergency action to halt energy price rise

High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...
  • The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.
  • EU officials are also considering measures to split electricity price setting from the gas price and take into account other energy sources.

Protests erupt in Iraq as Moqtada Sadr says quitting politics

Sadr and his supporters have been calling for parliament to be dissolved and for new elections, but on Saturday he...
  • Sadr said "all the institutions" linked to his Sadrist movement will be closed, except the mausoleum of his father, assassinated in 1999, and other heritage facilities.
  • His latest statement came two days after he said "all parties" including his own should give up government positions in order to help resolve a months-long political crisis.

Chamoun granddaughter launches bid for Lebanon presidency

Tracy Chamoun, an ex-ambassador and granddaughter of late president Camille Chamoun, announced Monday she will run for the presidency of...
  • Elections are expected to be held before Michel Aoun's six-year presidential mandate expires in October, but many expect delays in light of deep political divisions.
  • It took Lebanon's bitterly divided political class more than two years to elect Aoun in 2016

Afghan minister says Pakistan providing airspace for US drones

Mujahid's comments came less than a month after US President Joe Biden announced the killing of Al-Qaeda chief Ayman al-Zawahiri...
  • Afghan defense minister said that deploying these drones into Afghanistan is "still a clear invasion of Afghanistan and its airspace by the Americans"
  • Border tensions between Pakistan and Afghanistan have risen since the Taliban seized power on August 15 last year

‘Projectile’ fired at Israel from Yemen: Israeli military

Jerusalem, Undefined - A "projectile" fired towards Israel from Yemen was intercepted, but not before air-raid warnings sounded across the...

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Israel’s PM rejects Biden critique of war policy in Gaza

His comments came one day after Biden said Netanyahu "must pay more attention to the innocent lives being lost as...

Saudi king calls for end to ‘heinous crimes’ in Gaza

In his Ramadan message, King Salman while giving thanks for the blessings bestowed upon the kingdom said the war in...

Iran agricultural, food exports hit US$5.5bn in 11 months

TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hizbollah fires dozens of rockets at Israel after deadly strikes

Hizbollah said it had fired dozens of rockets into northern Israel after Israeli strikes the day before left five dead...
  • Meron is home to a major air control base that the Iran-backed group has targeted several times since the start of the year.
  • Hizbollah said it had acted "in response to Israeli attacks against villages in the south and the homes of civilians".

Netanyahu approach to Gaza war ‘hurting’ Israel, says Biden

With Gaza's humanitarian crisis growing more dire and Biden's left flank in uproar, the US president made contradictory remarks as...
  • Israel's retaliatory operations in Gaza have killed more than 30,800 people,
  • Biden was evasive Saturday on the possibility of a new trip to Israel

Israel slams Canada, Sweden for resumption of UNRWA funding

Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended...
  • Supporting UNRWA, which has been central to humanitarian efforts in the war-ravaged Gaza Strip, was a "serious mistake", the Israeli foreign ministry said in a statement
  • The renewed aid, according to the Israeli statement, showed that Canada and Sweden had chosen "to ignore the involvement of UNRWA employees in terrorist activity