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

Iran says Kuwait to send first envoy since 2016

Kuwait recalled its ambassador and the United Arab Emirates downgraded relations with Iran after Saudi Arabia that year cut ties...
  • Badr Abdullah al-Munikh, Kuwait's new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian
  • Saudi Arabia and Iran have had no diplomatic relations for six years, but have held talks, hosted by Iraq, since April last year in a bid to mend ties

Egypt mourns 41 killed in Cairo church fire

Witnesses to the fire Sunday morning described people rushing into the multi-storey house of worship to save those trapped, but...
  • President Abdel Fattah al-Sisi directed the Armed Forces Engineering Authority to "take over the reconstruction and renovation" of the church
  • A statement from the office of UN Secretary-General Antonio Guterres offered his "deepest condolences" to the families of the victims

Sanction partners: Iran’s top automaker eyes Russian market

Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...
  • The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.
  • "We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.

UAE authorities urge caution on roads as dust storms return

Large parts of the United Arab Emirates were hit by dust and sandstorms on Sunday as authorities urged caution on...
  • Homes and landmarks in major cities were caked in a fine layer of brown dirt and visibility plunged in the latest adverse weather following a series of such storms in Middle East.
  • Forecasts of rainstorms this week, unusual in high summer in the desert state, follow the deaths of seven Asian migrants in flash flooding last month.

FDI into Oman increases by 19 percent in Q1 2021: Report

Foreign Direct Investment into Oman increased by 19 percent in the first quarter of 2022, according to a report by...
  • There has been an increase in non-oil exports in 2021 that also saw the sultanate organize several conferences, including the “Oman Renewable Energy” investment conference.
  • Oman was able to achieve its economic growth goals through the "Medium-Term Financial Balance Plan 2022/2024", which provided revenues of $780 million in 2021.

Egypt appoints new ministers in cabinet reshuffle

A statement said the House of Representatives had approved "all the nominations set forth in a letter from President Abdel...
  • Sisi's official Facebook page said the president had urged parliament to discuss the changes in the more than 30-strong cabinet
  • The reshuffle does not include the key defense, interior, finance or foreign ministries

Iraqis grow weary of squabbling political parties

Iraq has been ravaged by decades of conflict and endemic corruption. It is blighted by ailing infrastructure, power cuts and...
  • Political deadlock has left Iraq without a new government, president or prime minister following general elections 10 months ago
  • Coordination Framework says it wants a new government as quickly as possible, and its supporters on Friday began their own sit-in to press for that demand

US, Russia explore prisoner swap including arms dealer, athlete

Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held...
  • 31-year-old Brittney Griner was in Russia to play for a basketball team during her off-season, when she was charged with smuggling narcotics
  • Viktor Bout was arrested in Thailand in 2008 and extradited to US, where in 2012 he was sentenced to 25 years prison on charges of arming rebels

Russia, Ukraine blame each other for striking N-plant

Kyiv and Moscow accused each other on Saturday of striking the Zaporizhzhia nuclear plant in southeastern Ukraine, which has been...
  • The plant Zaporizhzhia is under Russian control since March, with Ukraine accusing Moscow of basing hundreds of soldiers and storing arms there.
  • Kyiv and Moscow have traded several accusations over multiple rounds of shelling on the plant this month, raising fears of a nuclear catastrophe

Jordan, Morocco to launch hospitality training facility

A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership...
  • The Moroccan ambassador stressed on Jordan's pivotal role in joint Arab efforts and regional issues.
  • The envoy stressed on the partnerships between Jordan and Morocco in tourism, agriculture, renewable energy

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...

Company News

Latest News

Indian man fighting for Russia against Ukraine killed in action

New Delhi, India - India's embassy in Moscow has confirmed the death of a citizen recruited by the Russian army, days...

‘UAE leads humanitarian efforts in Gaza, seeks truce’

“Following the outbreak of the crisis between Palestinians and Israelis, the UAE initiated extensive diplomatic efforts at all levels to...

US vows to hold Houthis ‘accountable’ for deadly strike

The Houthi rebels have been defiantly hitting ships in vital commercial waters in professed solidarity with the Palestinians as Israel...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Envoys push for Gaza truce before Ramadan begins next week

While negotiators in Cairo tried to surmount tough stumbling blocks, fighting again raged in Gaza where the UN warns famine...
  • US President Joe Biden called on Hamas to accept the truce plan
  • Hamas has insisted on a complete halt to the fighting in Gaza

Bulk carrier hit by missile from Yemen, crew says three dead

An anti-ship ballistic missile struck the Barbados-flagged, Liberian-owned M/V True Confidence, after which its crew reported "three fatalities, at least...
  • The Iran-backed Houthis have been targeting merchant vessels transiting the vital Red Sea trade route for months and have previously hit ships in the area
  • Houthi military spokesman Yahya Saree said on social media that the True Confidence was targeted with multiple missiles "after the ship's crew rejected warning messages."

Israel to start building 3,500 settler homes in occupied West Bank

The administrative step forward comes after Finance Minister Bezalel Smotrich last month vowed to expand settlements, in response to Palestinian...
  • Israeli settlement watchdog Peace Now said there were 3,426 homes advanced through a planning committee, across Maale Adumim and Kedar, east of Jerusalem, and Efrat.
  • Despite opposition abroad, Israel has in recent decades build dozens of settlements across the West Bank, which are illegal under international law.