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

Morocco retrieves eight migrant bodies off its coast

Moroccan authorities on Monday retrieved the bodies of eight migrants off the southern shores of the North African kingdom, local...
  • Their inflatable boat sank near the coastal town of Akhfennir in Tarfaya province as it tried to reach Spain's Canary Islands
  • Almost 1,000 migrants died or were reported missing at sea in the first half of the year as they tried to reach Spain, rights group said

Rockets hit Emirati-owned gas complex in north Iraq

Three Katyusha rockets hit a gas complex in Iraq's autonomous Kurdistan region on Saturday, a local official said, in the...
  • In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage
  • The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities

Saied supporters welcome vote on Tunisia constitution

Its detractors say Tunisia's draft constitution will give President Kais Saied unchecked powers, but for voter Baya, that's a welcome...
  • Saied came under fire for giving a speech on Monday urging a yes vote for "a new republic based on genuine freedom, justice and national dignity."
  • Saied's opponents, including the Islamist-inspired Ennahdha party that had dominated Tunisian politics since 2011, called for a boycott of vote

Bahrain joins UAE, Jordan and Egypt in industrial pact

Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth...
  • The Industrial Partnership for Sustainable Economic Development was announced in the UAE on May 29, 2022 with an aim to empower their industrial sector.
  • The plan was establish large joint industrial projects, providing private sector companies with opportunities for expansion and creating job opportunities.

Natural gas a weapon of war between Russia and Europe

Natural gas has emerged as a weapon of war between Russia and Europe since Moscow's February 24 invasion of Ukraine....
  • On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia.
  • On March 23, Russian President Vladimir Putin bans European gas customers from paying their bills in dollars and euros.

Tunisians vote on constitution set to bolster President Saied’s rule

The referendum comes a year to the day after Saied sacked the government and froze parliament in a power grab...
  • The new constitutional draft would enshrine a highly presidential system with no provision for removing the president from office.
  • President would appoint a government, could dismiss ministers unilaterally with no role of parliament in forming administration.

Will not be rushed into quick nuclear deal, says Iran

Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world...
  • Iran says it will not sacrifice the country's fundamental interests with a rushed process, claiming it was being put under psychological pressure
  • Talks in Vienna that started in April 2021 to restore the deal have stalled since March amid differences between Tehran and Washington on several issues

Turkey summons Swedish diplomat to explain ‘terrorist propaganda’

Sweden's charge d'affaires in Turkey was summoned at the weekend to explain the use of what Ankara alleges is "terrorist...
  • Turkish President Recep Tayyip Erdogan has accused Sweden and Finland of being havens for Kurdish militants
  • Turkey's display of displeasure follows events in Sweden last week to commemorate the 10th anniversary of the Kurdish uprising in northern Syria

King Abdullah of Jordan protests border attacks by Iran-tied militias

King Abdullah II protested in an interview against attacks on Jordan's borders by "militias linked to Iran", following deadly clashes...
  • The king told Al-Rai newspaper that Jordan faces regular attacks on its borders by militias linked to Iran
  • The Jordanian army conducts regular anti-smuggling operations on the border with Syria, where Iran-backed fighters support the Damascus regime in a civil war that erupted in 2011

Crises make GCC, Western countries more pragmatic

An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources...
  • An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRIS
  • Relations between the US and Arab countries are dominated by pragmatism as the former wants to carry out an active diplomacy to avoid being outstripped by the rivals

Gaza famine warning as Israel resists ceasefire calls, UNICEF says time running out

"We need to flood Gaza with large-scale food aid, immediately and without obstruction, and keep it flowing each and every...

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Hamas says Israeli military action kills 7 hostages in Gaza

Hamas said that seven more hostages seized during its unprecedented attack on southern Israel on October 7 had died because...

Leftist Galloway wins MP seat in UK amid anti-Semitism allegations

London, UK- Controversial left-wing firebrand George Galloway was elected to the UK parliament on Friday after tapping into anger over the...

UN warns famine in Gaza almost inevitable unless war changes

The UN and other humanitarian actors have not yet declared a state of famine in Gaza, despite worsening conditions in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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France calls for ‘independent probe’ into killing of Palestinians receiving aid in Gaza

Paris, France--France wants an independent inquiry into the deaths of scores of Palestinians during an aid delivery in the northern Gaza...
  • French foreign minister said there will have to be an independent probe to determine what happened
  • The foreign minister said that France would not apply "double standards" to the Mideast conflict

UAE and Russia look to deepen parliamentary cooperation

Abu Dhabi, UAE-- The UAE and Russia have held talks to enhance the parliamentary cooperation between the two countries. In...
  • The meeting between the two addressed the role of parliamentary diplomacy in supporting efforts to promote security and peace in the region
  • The officials also discussed the 10th BRICS Parliamentary Forum, to be held in the city of St. Petersburg, Russia, from 10th to 11th July, 2024

Former US ambassador to plead guilty to spying for Cuba

Rocha additionally faces a lawsuit filed Thursday in Florida by the widow of Cuban dissident Oswaldo Paya. She alleges Rocha...
  • Victor Manuel Rocha, 73, was held in December for what US officials called "one of the highest-reaching and longest-lasting infiltrations of the US government by a foreign agent
  • Rocha, a naturalized US citizen originally from Colombia, allegedly began aiding Havana as a covert agent of Cuba's General Directorate of Intelligence (DGI) in 1981