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

Saudi-Israel normalization still long way off

Israeli journalist Yoav Limor's freindly experience in Saudi hints at changes in Saudi public opinion that officials hope could one...
  • There is little chance of Riyadh shifting its focus to ties with Israel "while ignoring the Palestinian issue", Harvard University fellow said
  • Israeli praised Mohammed al-Issa, a Saudi cleric who travelled to Poland in 2020 for events marking 75 years since liberation of the Nazi death camp Auschwitz

Russia and Ukraine near grain deal in first talks since March

Russia and Ukraine on Wednesday made substantive progress in their first direct talks since March on a deal to relieve...
  • Ukraine is a vital exporter of wheat and grains such as barley and maize, and has supplied nearly half of all the sunflower oil traded on global markets
  • UN Secretary-General Antonio Guterres said the talks had provided a "ray of hope to ease human suffering and alleviate hunger around the world"

Melilla migrants likely died of ‘suffocation’: Moroccan probe

At least 23 migrants who died last month in a mass attempt to enter the Spanish enclave of Melilla from...
  • The United Nations, the African Union and independent rights groups have denounced the use of excessive force by Moroccan and Spanish security personnel
  • The CNDH defended Moroccan forces' actions, saying such cases were "isolated" and citing the danger posed by "the large number of migrants" carrying sticks and stones

Biden vows to advance Israel’s integration into Middle East

Air Force One will make a first direct flight from Israel to Saudi Arabia amid efforts to build ties between...
  • Biden, 79, will also meet Palestinian leaders angered by what they describe as Washington's failure to curb Israeli aggression.
  • The persistent frustrations of Israeli-Palestinian diplomacy are nothing new for Biden, who first visited the region in 1973 after being elected to the Senate.

Diversifying economy focus of UAE’s plans: President

The UAE will continue to strengthen cooperation and enable positive, respectful dialogue between countries to achieve stability and prosperity for...
  • Sheikh Mohamed said more than 200 nationalities are actively participating in the growth and development of the country’s economy.
  • UAE’s priorities include strengthening people’s capabilities in science and technology, and develop it further to benefit all economic areas and the society, he said.

Supply risks still haunt market despite high oil prices: IEA

The Paris-based agency cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and...
  • The IEA now expects oil demand to rise this year to 99.2 million barrels per day (mbd) and to 101.3 mbd next year.
  • Meanwhile, supply climbs to 100.1 mbd this year. But even if it hits an expected record of 101.1 mbd next year, it will fall below demand.

Beirut port blast victims file $250m lawsuit against US firm

Victims of Lebanon's deadly 2020 port blast have filed a quarter-billion-dollar lawsuit against a US firm for its suspected links...
  • Accountability Now said in a statement that the claim was filed this week in Texas against US-Norwegian geophysical services group TGS.
  • The blast -- described as one of the largest non-nuclear explosion in recent history -- killed more than 200 people, wounded thousands and ravaged entire neighbourhoods.

Libya’s National Oil Corporation lifts force majeure at key terminals

Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...
  • Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.
  • The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.

Biden’s visit may spur start of Saudi-Israeli diplomatic ties

Israel hopes US President Joe Biden's Middle East tour will hail the start of diplomatic ties between the country and...
  • Israel expanded its regional reach with US backing in 2020 when it formalized ties with the United Arab Emirates, Bahrain, and Morocco
  • Amid the normalization deals with Arab nations, Israeli media reported then prime minister Benjamin Netanyahu travelled to Saudi Arabia for secret talks

Israel to laser in on Iranian drone threat as Biden visits

Moments after US President Joe Biden touches down in Tel Aviv on Wednesday, the Israeli military will show him new...
  • This month, the Israeli military said it had intercepted a total of four unarmed drones headed for an offshore gas rig
  • As concerns mount over drone warfare, Israel hopes the new "Iron Beam" system will secure its skies

The UN, the Palestinians, Israel and a stalled two-state solution

Ever since the partition of Palestine into Jewish and Arab states in 1947, the United Nations has been inextricably linked...

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Gaza ceasefire could start by next Monday: Joe Biden

A deal between Hamas and Israel could include the exchange of dozens of hostages for several hundred Palestinian civilians held...

Hizbollah fires rockets after deadly Israeli strikes on east Lebanon

Hizbollah announced several other attacks on Israeli sites and troops on Monday, with local media also reporting Israeli strikes on...

Two Hizbollah members killed by Israeli strike in Lebanon

Baalbek, Lebanon - Israeli strikes near the Hizbollah-dominated city of Baalbek killed two group members on Monday, two security sources told...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Yemen rebels announce first civilian death in US-UK strikes

The Houthis, who control war-torn Yemen's most populated areas, have previously reported the death of 17 of their fighters in...
  • One person was killed and eight wounded, the Houthis' official news agency said late on Sunday, a day after US and British forces said they fired on 18 targets across the country
  • US-British strikes were in response to dozens of Houthi drone and missile attacks on Red Sea shipping since November, which the rebels say are in solidarity with Palestinians

Attack on Rafah would be ‘nail in coffin’ of Gaza aid: UN chief

Speaking before the UN Human Rights Council in Geneva, Antonio Guterres said that Gaza's southernmost city, where more than 1.4...
  • UN chief lamented that despite his urgent calls for the UN Security Council to take all measures to "end the bloodshed in Gaza and prevent escalation", it had failed to act
  • The comments of UN chief came after Netanyahu on Sunday reiterated that his country was intent on a ground invasion in Rafah, in its bid for "total victory" over Hamas

Qatar ruler to arrive in Paris for discussions on Gaza

The gas-rich country has emerged as the key player in mediation between Israel and Hamas to agree a truce in...
  • It will be his first state visit to France since he became emir of the hugely influential emirate in 2013
  • The discussions between the two leaders will focus on "ongoing efforts to obtain a ceasefire in Gaza"