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

Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages

His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...

Geostrategy

Palestinians across major West Bank cities protest Gaza war

One of the largest marches took place in Ramallah, the seat of the Palestinian Authority located just north of Jerusalem,...

Geostrategy
Geostrategy

Russia blocks adoption at UN of nuclear disarmament text

The Nuclear Non-Proliferation Treaty (NPT), which 191 signatories review every five years, aims to prevent the spread of nuclear weapons,...
  • Russian representative Igor Vishnevetsky said the draft final text, which was more than 30 pages long, lacked "balance."
  • According to sources close to the negotiations, Russia was opposed in particular to paragraphs concerning the Ukrainian nuclear power plant in Zaporizhzhia
Geostrategy

Macron calls for ‘new pact’ with Algeria in reconciliation visit

The trip follows months of tensions between Paris and the North African country, which earlier this year marked six decades...
  • Macron had proclaimed a "new page" in relations on Thursday, after meeting President Abdelmadjid Tebboune
  • On Friday, Macron and Tebboune presided over a "coordination meeting" involving security officials from both countries
Geostrategy

Morocco fumes at Tunisia, recalls envoy over Polisario meeting

Morocco has taken offense at the hosting of the head of the Polisario movement by Tunisia’s president and recalled its...
  • Morocco's foreign ministry has declared the move as hostile and against the 'fraternal relations' the two countries have enjoyed
  • The move came as French President Emmanuel Macron was visiting Morocco's arch-rival and Polisario backer Algeria for a high-profile, three-day visit
Economy

Agreement signed to implement Abu Dhabi Agri Genome Program

The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) signed a collaboration agreement with the Khalifa Centre for Genetic Engineering...
  • The program aims at applying the best international practices related to agricultural genetic research.
  • It aims to develop local spices of plant, animal and fish, to improve agricultural production and address the emirate's climatic and environmental challenges.
Geostrategy

Argentina seizes 1.6 tons of cocaine headed for Dubai

Argentine authorities seized 1.6 tons of cocaine hidden in animal feed destined for Dubai and detained 12 people, police said...
  • The seizure took place overnight from Thursday to Friday in the central city of Rosario in Argentina
  • The cocaine "is worth approximately $60 million," said the head of the dangerous drugs department in the federal police.
Business

South Korea wins $2.2bn order in Egypt’s first nuclear plant

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean...
  • El Dabaa plant, with a capacity of 4,800 MW, is Egypt’s first nuclear plant and would be constructed at an estimated cost of $28.75 billion.
  • The contract stipulates that Rosatom will not only build the plant, but will also supply Russian nuclear fuel for its entire life cycle.
Geostrategy

Turkey plays down US sanctions threat over Russia ties

Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns...
  • The value of Ankara's trade with Moscow shot up by nearly 50 percent between May and July this year as NATO member Turkey has refused to join the international sanctions.
  • US Deputy Secretary of the Treasury had warned Turkish banks and companies they would face secondary sanctions if they cooperated with sanctioned Russians.
Geostrategy

In risky recycling venture, Gazans burn plastic for fuel

It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious...
  • In Gaza, where exchanges of fire between Palestinian militants and Israel for three days this month killed at least 49 Palestinians, health risks are outweighed by economic reality
  • Unemployment has hit 47 percent and the average daily wage is around 60 shekels ($18), according to the Palestinian Central Bureau of Statistics.
Geostrategy

OIC calls on international community to stand firm with Rohingyas

The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya...
  • The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya refugees to their homeland
  • The OIC paid tribute to the Government and people of Bangladesh for their relentless efforts to provide protection, hospitality, and necessary assistance to Rohingya refugees
Economy

Japan seeks ‘sustainable world’ in Africa aid forum

The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the...
  • It is the first TICAD held every three years either in Japan or an African country since the pandemic began
  • Alongside the summit, businesspeople will attend an economic conference while various parallel events and workshops will address civil society and women's inclusion

Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages

His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...
Geostrategy

Company News

Latest News

Israeli strike on a Lebanon house kills five, wounds nine

Lebanon's official National News Agency said the Israeli strike on a house in the Khirbet Selm area killed a family...
Geostrategy

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
Geostrategy

Aid boat ready to set sail from Cyprus for Gaza

A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Turkish president Erdogan declares Ankara ‘backs’ Hamas

Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas. "No-one can make us...
  • "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.
  • Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.
Geostrategy

Red Cross head says Gaza war ‘ruptured’ shared humanity

Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...
  • ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.
  • "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.
Geostrategy

Drone strike blamed on Turkey kills three in Iraq

Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...
  • Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.
  • In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.