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

Israel intercepts Huthi missile fired from Yemen

The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...

Algeria detains ex-premier in crackdown on corruption

Noureddine Bedoui, the former prime minister of Algeria, has been detained on court orders, two days after another court had...
  • Bedoui, who served as interior minister, was seen as an unwavering Bouteflika loyalist and was despised by the Hirak protest movement that toppled them both
  • After Bouteflika's fall, prosecutors launched graft investigations against people in his close circle, which led to several other top figures receiving hefty prison sentences

Kuwait central bank issues $792 bonds, tawarruq for three months

The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...
  • The bank said in a statement that the new securities have a return rate of 2.625 percent.
  • Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.

Eight more grain silos collapse at blast-ravaged Beirut port

A cloud of dust rose over the port after the collapse, which brought down the last of the northern block...
  • The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.
  • Only 12 of the original 48 silos are still standing, all of them in the southern block, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.

Sadr supporters begin sit-in outside top Iraq judicial body

Several hundred supporters of Shiite cleric Moqtada Sadr launched a sit-in outside Iraq's top judicial body on Tuesday, ratcheting up...
  • On August 10, Sadr gave the Supreme Judicial Council one week to dissolve parliament to end the political deadlock
  • Last week, caretaker Prime Minister Mustafa al-Kadhemi convened crisis talks with party leaders, but they were boycotted by the Sadrists

Jordan king Abdullah meets Arab leaders in Egypt

The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival...
  • The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival at El Alamein International Airport on Egypt’s north coast
  • Egyptian President Abdel-Fattah al-Sisi and visiting President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan underlined the importance of strengthening Arab unity

US expresses concern about violence on Syria-Turkey border

The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops...
  • On Friday, Kurdish authorities said that a pre-dawn strike by a Turkish drone hit "a training center for young girls" in the Shmouka, killing 4 children and wounding 11
  • Britain-based Syrian Observatory for Human Rights said artillery fire on a market by pro-regime forces killed 17 civilians including six children

Libya digs up ‘mass grave’ with seven bodies

Mass graves were initially discovered in Tarhuna in June 2020 following the withdrawal of forces of Khalifa Haftar, an eastern...
  • A "mass grave" was discovered on Sunday in a "public waste dump" and seven bodies have been exhumed
  • More than 250 bodies have been found since 2020 in the farming town, which was controlled for years by the Kaniyat militia

Israel warns Hezbollah attack on gas field may spark war

Israeli Defense Minister Benny Gantz has warned Hezbollah that any attack on its gas assets could set off war, after...
  • Gantz said extraction from the gas field would begin "when it is ready to produce," reaffirming Israel's claim to Karish
  • Israel and Lebanon last fought a devastating conflict in 2006 and remain officially at war, with United Nations peacekeepers patrolling the land border

US denies hints it is delaying Iran nuclear talks

Denying suggestions that it is stalling a potential agreement to resurrect the Iran nuclear deal, State Department spokesman Ned Price...
  • EU foreign policy chief Josep Borrell, who is leading the effort to bring the United States and Iran together in agreement, suggested Washington was now slowing the process
  • Iran and major global powers struck a deal in 2015 to limit Tehran's nuclear program with the aim of preventing it from obtaining nuclear weapons

EU says Iran nuclear deal meeting likely this week

A meeting on resurrecting the Iran nuclear deal could be held 'this week' after Tehran submitted its response to an...
  • Earlier this month, after more than a year of talks, the EU submitted what it called a "final" text.
  • The document aims at fully restoring the nuclear deal by bringing the United States back into it, after then-president Donald Trump had Washington withdraw in 2018.

Israel says ground troops conducted raids in Syria in the latest border raid since Assad fall

Israel's military said Sunday ground troops had operated in southern Syria, seizing weapons and questioning individuals suspected of arms trafficking,...

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Erdogan says March local elections will be his ‘last’

It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...

Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president

He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with...

Canada to resume funding UN agency for Palestinians

Canada has reviewed the investigation's interim report and "we were reassured by the contents," Minister of International Development said. He...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US plan for Gaza aid transfer through sea dismissed by UN expert

In his annual State of the Union address to Congress, President Joe Biden said the US military would "lead an...
  • But Michael Fakhri, the United Nations special rapporteur on the right to food, dismissed the measure.
  • Neither a pier, nor the increasing airdrops over Gaza would "prevent starvation and famine by any definition", Fakhri said.

Zelensky to discuss war, Black Sea security during Turkey visit

NATO member Turkey has sought to maintain good relations with Moscow and Kyiv throughout the two-year war, with Erdogan pitching...
  • NATO member Turkey has sought to maintain good relations with Moscow and Kyiv throughout the two-year war, with Erdogan pitching himself as a key go-between.
  • A Turkish diplomatic source told AFP that Ankara "will once again emphasize that our strong support for the territorial integrity, sovereignty and independence of Ukraine.

Muslims pray for end to Palestinian suffering as Ramadan nears

Other parts of the Islamic world may be grappling with their own challenges, from conflicts to high inflation. But many...
  • While international mediators were hoping for a truce in time for Ramadan, no breakthrough had come by Friday.
  • Much of the territory of 2.4 million people has become a hellscape of bombed-out neighborhoods, emaciated children and mass graves.