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

Russian agricultural products embargo to cause food crisis, says UN

Russian fertilizers and agricultural products must be able to reach world markets "unimpeded" or a global food crisis could strike...
  • UN said it is important that all governments and the private sector cooperate to bring Russian agricultural products to market
  • The UN chief vowed that his organization would try to "step up" grain exports from Ukraine before the onset of winter

Jordanian, Algerian businesses aim for better trade relations

The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open...
  • The Jordanian, Algerian sides stress on the need to develop action mechanisms to overcome difficulties that mutual trade faces.
  • The two sides agree to intensify meetings and exchange delegations' visits to get acquainted with available economic opportunities.

Two more grain ships leave Ukraine, says Turkey

Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of...
  • Ukraine's Sea Ports Authority said three seaports had begun loading food onto seven ships which would deliver 66,500 tonnes of wheat, corn and sunflower oil.
  • The Authority said Ukrainian-origin food would be delivered to France, Sudan, Turkey and the Netherlands.

US names seasoned diplomat as new envoy to Kuwait

The White House said that Sasahara is a career member of the Senior Foreign Service with the rank of Minister-Counselor...
  • According to the White House Sasahara has been the recipient of numerous State Department performance awards, including five Senior Foreign Service Performance Awards
  • She has served as Deputy Assistant Secretary of State for North Africa since November 2020

Upsurge in violence leaves 21 dead in Syria

Violence has intensified on Syria’s northern border with Turkey leaving 21 civilians dead, many of them children. The bloodshed comes...
  • Turkey considers the main Kurdish component of the SDF to be a terrorist organization with liinks to the Kurdish insurgency inside its own territory.
  • Recep Tayyip Erdogan said Turkey was not looking to seize any Syrian territory, despite stepping up its attacks in the country's north

Moroccan diplomats drugged, robbed by women they met on Tinder

Two Moroccan diplomats have been suspended from their positions in Colombia after they were drugged and robbed by women they...
  • They could be dismissed, and an inquiry has been opened to determine if they will face legal proceedings
  • Colombian channel CityTV quoted a police chief as saying the diplomats had been robbed of their cell phones and a tablet device

European nations call closure of Palestinian NGOs ‘not acceptable’

Terming the Israeli closure of seven Palestinian NGOs in the West Bank as not acceptable, the foreign ministries of nine...
  • The European countries believe that a free and strong civil society is key to promoting democratic values and a two-state solution
  • Last October Israel labelled six of the Palestinian organizations as terrorist groups for their alleged links to a leftist militant group

Putin, Macron call for IAEA inspection of Ukraine nuclear plant

Russian President Vladimir Putin and his French counterpart Emmanuel Macron called for independent inspections at the Moscow-occupied Zaporizhzhia nuclear plant,...
  • Putin "stressed that the systematic shelling by the Ukrainian military of the territory of the Zaporizhzhia nuclear power plant creates the danger of a large-scale catastrophe.
  • As per the Kremlin, both leaders called for experts of the International Atomic Energy Agency (IAEA) to inspect the plant "as soon as possible" and "assess the real situation.

UAE gave foreign aid worth $3.5bn, says MoFAIC

The UAE is providing sustainable humanitarian aid worldwide, underscoring its commitment to promote regional, global peace and prosperity. As per...
  • The total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022 amounted to $3.5 billion
  • While Yemen accounted for most of Emirati aid with over $315 million, the list also included several Arab, Asian and Western countries

US says ‘concerned’ by Israeli closure of Palestinian NGOs

The Israeli military announced earlier in the day that it had conducted overnight raids of seven organizations in Ramallah, the...
  • The NGOs have all denied any links to the PFLP, which many western nations have designated a terrorist group
  • US officials have reached out to their Israeli counterparts "at the senior level" to obtain additional information, which Israel has promised to provide

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,...

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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...

Dubai’s assets in endowment sector reaches US$2.8bn

DUBAI, UAE – Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that under the guidance of Vice...

Mothers of imprisoned Palestinians from West Bank under great stress

RAMALLAH, PALESTINIAN TERRITORIES – "I don't sleep anymore," Latifa Abu Hamid said while looking at pictures of her children hanging on...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Spain announces US$21.87m in funding to UN Palestinian refugee agency

Madrid, Spain--Spain said Thursday it would give an additional $21.87 million to the UN Palestinian refugee agency UNRWA, which is facing...
  • UNRWA has been at the centre of controversy since Israel accused about a dozen of its employees of involvement in the Hamas attack on Israel
  • Jose Manuel Albares, Spain's Foreign Minister, announced the extra funding at a joint news conference in Madrid with UNRWA chief Philippe Lazzarini

UN aid official presses for aid delivery to Gaza by land route

The UN aid coordinator for the Palestinian territory Sigrid Kaag said her message to UN Security Council was that the...
  • She said the diversification of the supply routes via land remains the optimal solution
  • Kaag noted the complicated border inspection process was the main obstacle

Biden orders US military to set up temporary aid port in Gaza

In the wasteland of Jabalia, northern Gaza, Palestinians gathered to receive meals at a distribution point. "There is no gas...
  • Hopes dimmed for a new truce after Hamas negotiators left talks with mediators in Egypt to consult with the movement's leadership in Qatar
  • The health ministry in Hamas-run Gaza reported 83 more people had been killed over the previous 24 hours, adding to a toll it says has reached 30,800