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

Protestors stream into Iraq parliament with hot meals and tea

Volunteers shuttled back and forth in fleets of pickups to Iraq's normally secure Green Zone Saturday as protesters who occupied...
  • Inside the parliament building, some protesters sat at lawmakers' desks while others milled about, raising their mobile phones to film the occupation
  • In the gardens outside, protesters pitched a large camouflage tent by the entrance as women with children joined other supporters

Floods deepen misery in Iran as death toll rises to 80

At least 80 people have been killed and 30 others are missing in floods that have wreaked havoc across Iran...
  • President Ebrahim Raisi visited flood-ravaged areas in Firouzkouh region east of the capital to assess the situation
  • Videos and pictures posted by Iranian media and on social media showed houses and cars surrounded by grey mud, and people trying to recover their belongings

King of Morocco extends olive branch to Algeria

Morocco's King Mohammed VI used an address on Saturday to "once again" reiterate his openness to restoring ties with Algeria,...
  • Morocco and Algeria have long been at odds over the disputed territory of Western Sahara, where the Algiers-backed Polisario Front is seeking independence from Rabat's rule
  • Morocco's sovereignty over the territory was backed by Washington in a 2020 deal that also saw Rabat normalize ties with Israel

Saudi handshake fuels hope for energy-hit Europe

Mohammed bin Salman's recent Europe visit after US President Joe Biden’s trip to Jeddah suggests that KSA wants to diversify...
  • Mohammed bin Salman's recent Europe visit after US President Joe Biden’s trip to Jeddah suggests that KSA wants to diversify its partners amidst global uncertainties, say experts
  • Both Saudi Arabia and France want to play a crucial role in stabilization of the region. Paris, in particular, wants greater involvement of Riyadh in Lebanon

Swedish national arrested for alleged espionage, says Iran

Iran said it had arrested a Swedish national on allegations of espionage, while Sweden's foreign ministry said the case related...
  • The announcement of a Swedish national's arrest comes amid diplomatic tensions between Tehran and Stockholm
  • A Swedish court sentenced a former Iranian official to life for war crimes in the Islamic republic in 1988

Lebanon seizes Syrian ship with ‘illegal’ Ukrainian grain

A Lebanese prosecutor ordered the seizure Saturday of a Syrian-flagged ship that docked at a northern port with a cargo of...
  • Lebanese police were instructed to consult Ukraine's embassy after it said the ship was loaded from region occupied by Russian forces
  • Preliminary reports indicate that the owner of the shipping company is a Turkish national and the grain belongs to a Syrian merchant

No plan to leave Iraq’s parliament, say pro-Sadr protesters

Supporters of Iraqi cleric Moqtada Sadr penetrated Baghdad's heavily fortified Green Zone on Saturday, occupying parliament with no plan to...
  • It is the second time in days that Sadr supporters have forced their way in to the legislative chamber, months after elections that failed to lead to formation of a government
  • Supporters of Sadr oppose the recently announced candidacy of Mohammed Shia al-Sudani for prime minister

Gazprom suspends gas export to Latvia as tensions escalate

Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict...
  • Gazprom suspended its gas supplies to Latvia due to "violations of the conditions" of purchase, the company said on Telegram.
  • Gazprom drastically cut gas deliveries to Europe via the Nord Stream pipeline on Wednesday to about 20 percent of its capacity.

Egypt warns Ethiopia against filling up of Renaissance Dam

Egypt has warned Ethiopia against the filling of the Grand Ethiopian Renaissance Dam (GERD) reservoir, saying that it would not...
  • Egyptian Foreign Minister Sameh Shoukry dismissed the unilateral filling of the dam reservoir as "a clear violation of the 2015 Declaration of Principles Agreement"
  • The minister underlined that Egypt also reserves its legitimate right guaranteed in the Charter of the United Nations to take all necessary measures to ensure and protect its natio

US seeks to douse hostility with China over Pelosi’s Taiwan trip

President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House...
  • China sees any such stop by the speaker as a provocation, upsetting the tense status quo under which Washington formally recognizes China's sovereignty claim over the island
  • While US officials often make discreet visits to the island in a show of support for its democratic self-ruling government, Pelosi is second in line to the US presidency

‘Gaza, ours forever’: Settlers push to reclaim land amid devastation and political shifts

Within sight of Gaza, the devastated Palestinian enclave ravaged by nearly 22 months of war, hundreds of Israeli settlers marched...

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Hamas team heads to Cairo for new truce talks

Palestinian Territories - A Hamas delegation was expected to fly to Cairo on Saturday for talks on a truce in...

Conservatives tipped to win in Iranian elections as counting begins

Tehran, Iran - Iran began counting ballots on Saturday after a vote for parliament and a key clerical body, with local...

Three Hizbollah fighters killed in Israeli strikes on Lebanon

An Israeli strike on a car in south Lebanon killed three Hizbollah fighters, a security source said, the latest in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza officials report 4 more child malnutrition deaths

Global attention turned to the dire humanitarian conditions in Gaza on Thursday, when the health ministry said more than 100...
  • Gaza health ministry spokesman Ashraf al-Qudra said in a statement, noting that the number of child "malnutrition and dehydration" deaths now totaled 10
  • Earlier Friday, a spokesman for the UN humanitarian agency OCHA told reporters that "if something doesn't change, a famine is almost inevitable" in Gaza

US forces destroy Houthi surface-to-air missile: CENTCOM

The Iran-backed Houthis, who control much of war-torn Yemen, have been attacking shipping in the Red Sea since November in...
  • On Friday afternoon, US "forces conducted a self-defense strike against one Houthi surface-to-air missile that was prepared to launch," CENTCOM said
  • The United States is spearheading a naval coalition to protect vessels in the vital waterway, and has conducted air strikes in Houthi territory, alongside Britain

Biden announces US aid air drops in Gaza

Biden had been planning air drops for some time but Thursday's incident "certainly underscored for the president" the need to...
  • US president said that he would "insist" that Israel let in more aid trucks, while it would also look at a possible "marine corridor" to deliver large amounts of aid into Gaza
  • Biden said later he was "hoping" for a deal on a six-week ceasefire by the Muslim holy month of Ramadan, which will start on March 10 or 11, depending on the lunar calendar