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

Growth in focus as UAE signs CEPAs with key nations

Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal...
  • Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel.
  • This month, the country will sign its fourth CEPA with Colombia and is in negotiations with Turkey and several African and East Asian countries

Billions rely on wild species for food, fuel, income: UN

Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000...
  • Wild plants, algae and fungi provide food and income for one in five people globally, the report said, while some 2.4 billion people rely on wood for cooking.
  • Illicit trade in wild species is estimated to be worth between $69 billion and $199 billion a year, the third largest illegal market after human trafficking and drugs.

UAE takes part in G20 Foreign Ministers’ meeting in Indonesia

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...
  • The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity
  • Such meetings help in promoting international cooperation to achieve sustainable development goals

World food prices fell in June but remain very high: FAO

World food prices, including for wheat, fell in June for a third month running despite remaining near an all-time high,...
  • Export flow disruptions resulting from Russia's invasion of Ukraine on February 24 and international sanctions on Moscow have sparked fears of a global hunger crisis.
  • After a record spike in March due to the war, the FAO food price index -- a measure of the monthly change in international prices of a basket of food commodities -- fell 2.3%.

Asian stocks up as recession fears ease, yen rises after Abe shooting

The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign...
  • The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally
  • Equities were also boosted by reports that Beijing was considering a huge stimulus push to the struggling economy

German lawmakers recognize the 2014 Yazidi ‘genocide’

Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS.
  • Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS
  • Last November, a German court convicted an Iraqi of genocide against the Yazidi minority, a first in the world

Major Tunisia party urges boycott of constitution vote

Tunisia's Ennahdha party urged its supporters on Thursday to boycott a July 25 referendum on President Kais Saied's new constitution,...
  • The constitution, the centerpiece of Saied's drive to remake the Tunisian political system, sparked instant criticism for the nearly unlimited power it gives the president
  • The legal expert who headed a committee to draw up the new charter said the final text published by Saied had nothing to do with the text they drafted

Former Japan PM Shinzo Abe assassinated by gunman

The murder of the 67-year-old, who had been Japan's longest-serving leader, stunned the nation and prompted an international outpouring of...
  • A doctor said Abe had suffered two gunshot wounds to the neck and died of massive blood loss, despite being administered enormous transfusions.
  • The assassin has been identified as 41-year-old Tetsuya Yamagami, with many media outlets describing him as a former member of the Maritime Self-Defense Force, the country's navy.

Rare Abbas meeting with Gantz ahead of Biden visit to region

Israeli Defence Minister Benny Gantz and Palestinian president Mahmud Abbas held talks in Ramallah to prepare for US President Joe...
  • Abbas and Gantz, a former army chief of staff who heads the centrist Blue and White party, earlier met in December in Israel
  • Biden is due to visit Israel and the occupied West Bank from July 13 to 15, and will hold talks with new Israeli Prime Minister Lapid and Abbas

Biden to meet Saudi Crown Prince during his visit next week: White House

Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel costs and inflation...
  • Biden is expected to press for increased Saudi oil production in the hope of taming spiraling fuel costs and inflation at home
  • The White House emphasized Biden will address "greater collaboration" in the Middle East region on issues such as air defense

Urgent need for ‘global approach’ on AI regulation: UN tech chief

Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...

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Trump notches up another win in race for Republican nomination

Trump completed a sweep of the first four major nominating contests, converting a year of blockbuster polls into a likely...

G7 vows more Russia sanctions after virtual talks on Ukraine

In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost"...

US and UK launch fresh strikes against Houthis

The new wave of strikes "specifically targeted 18 Houthi targets across eight locations in Yemen" including weapons storage facilities, attack...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Jordan, Oman chambers eye enhancing trade ties, cooperation

AMMAN, JORDAN – Jordan Chamber of Commerce (JCC) and Oman Chamber of Commerce and Industry on Saturday discussed enhanced cooperation...
  • Participants stressed the need to seize economic opportunities in Jordan and Oman. .
  • The two sides agreed to forge robust commercial relations and remove hindrances.

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
  • Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks.
  • On the right-wing GB News channel, Anderson claimed Islamists had "got control" of Khan, who was the first Muslim mayor of London.

UAE to provide US$10m grant to support WTO initiatives, says foreign minister

ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
  • Sheikh Abdullah bin Zayed expressed pride that the UAE is hosting the WTO’s MC13, the organization’s highest decision-making body, from February 26-29.
  • He welcomed all leaders and representatives of the 166 member states to Abu Dhabi for crucial negotiations on key trade issues and discussions.