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

Iraq to host ‘public’ meeting of Iran, Saudi foreign ministers

It will be a public meeting, (unlike) previous encounters that were held privately at a low level between intelligence and...
  • Since April last year, Iraq has hosted five rounds of talks between Saudi Arabia and Iran.
  • Riyadh severed ties with Tehran after Iranian protesters attacked Saudi diplomatic missions in Iran in 2016 following the Saudi execution of Shiite Muslim cleric Nimr al-Nimr.

African Union lauds Russia for allowing Kyiv to resume grain export

Ukraine and Russia and two of the world's largest grain producers.
  • Ukraine's farms are major source of grain for world market, particularly in Middle East and Africa.
  • Cereal prices in Africa have surged because of the slump in exports due to Russia-Ukraine war.

16 killed in Libya militia clashes since Thursday: Ministry

The fighting began on Thursday night and extended into Friday afternoon. The clashes were between two armed groups with major...
  • Several sources said one group's detention of a fighter belonging to the other had sparked the fighting, which extended to several districts of the capital.
  • Mitiga, the capital's sole functioning airport, was closed for several hours on Friday before it reopened late in the day.

ISESCO and WHO discuss ways to enhance bilateral cooperation

A delegation from the Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed with the Director-General of the World Health...
  • A delegation of from ISESCO met Director-General of the World Health Organization, Dr. Tedros Adhanom Ghebreyesus, in Geneva.
  • They also agreed to enhance the implementation of the terms of the MoU signed between the two organizations.

Iranian dissident summit in Albania put off over ‘security threats’

A global summit in Albania dedicated to advocating regime change in Iran has been postponed due to security threats, an...
  • The Free Iran World Summit was set to take place this weekend outside the Albanian capital Tirana, at the headquarters of the People's Mojahedin Organization of Iran (MEK)
  • The US embassy in Tirana on Thursday evening tweeted about a "potential threat" targeting the summit and warned its citizens in Albania to avoid the event and keep a low profile

Tunisia police crack down on anti-Saied protest

Tunisian police used pepper spray to disperse protesters and arrested several demonstrators Friday, as hundreds rallied against President Kais Saied...
  • The protest came as Tunisians prepare to vote Monday on a draft constitution that would enshrine the vast powers that Saied has exercised since he sacked the government
  • His move was a decisive blow against the crisis-ridden political system in Tunisia, the only democracy to have emerged from the 2011 Arab uprisings

Iraq mountain rest spot bears scars of deadly shelling

Abandoned sandals and upturned chairs attest to the panic that gripped this peaceful rest spot in Iraq's Kurdish mountains when...
  • Civilians have been repeatedly caught up in the crossfire of Turkey's nearly four-decade-old war against the rebel Kurdistan Workers Party (PKK)
  • A public outcry over Wednesday's deadly bombardment sparked anti-Turkish demonstrations in cities across central and southern Iraq

Heatwave causes 1,700 deaths in Spain and Portugal, says WHO

The World Health Organization's European office has said the heatwave baking Europe has caused over 1,700 deaths on the Iberian...
  • WHO official says that exposure to extreme heat often exacerbates pre-existing health conditions
  • The international organization has called for joint action to tackle climate change

‘Bilateral ties strengthened with UAE President’s France visit’

The French Ambassador to the UAE, Xavier Chatel, described the first official visit to France of UAE President Sheikh Mohamed...
  • The French Ambassador to the UAE described the first official visit to France of UAE President as successful
  • Sheikh Mohamed bin Zayed Al Nahyan's visit underscores deep-rooted friendship between the two countries

Putin, Saudi crown prince discuss oil as global energy market gets volatile

Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman spoke about the oil market in a telephone...
  • The Saudi-led OPEC oil grouping has been cooperating with a number of other oil-exporting nations including Russia for several years to better control the oil market
  • The group, called OPEC+, introduced production cuts during the coronavirus pandemic that helped the oil market to recover from a crash in prices to below zero

Russia to face new US sanctions unless ends Ukraine war in 10 days: Trump

US President Donald Trump said his deadline for Russia to end the fighting in Ukraine or face new sanctions will...

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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...

Split over Gaza and Ukraine, G20 meeting ends in discord

Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final...

WTO ministers struggle to forge deals as talks go into overtime

ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Kurd authorities say Turkish strikes kill two PKK members

Arbil, Iraq - A Turkish drone strike in northwestern Iraq killed two members of a group affiliated to Turkey's outlawed Kurdistan...
  • The fighters were members of the Sinjar Resistance Units, a group founded among the district's Yazidi community in response to occupation by the IS group
  • There was no immediate word from the Turkish military, which has conducted deadly strikes against PKK targets in Iraq and neighboring Syria previously

Israeli troops ‘massacre’ 104 Palestinians at aid distribution point

More than 750 others were injured after Israeli soldiers opened fire on civilians gathered at an aid distribution point in...
  • Earlier, the health ministry in Gaza said children have died "due to malnutrition, dehydration and widespread famine" at Al-Shifa hospital.
  • The United Nations humanitarian agency OCHA described the food security situation as "extremely critical across Gaza, particularly in northern Gaza."

US implores Israel to let worshipers pray at Al-Aqsa in Ramadan

United States has been pressing for a deal before Ramadan begins in which Israel would halt strikes in Gaza and...
  • Israel has been assessing how to address worship in Jerusalem during Ramadan
  • An Israeli minister said that Palestinians should not be allowed entry to Jerusalem to pray