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

UN chief calls on Security Council to extend Syria cross-border aid

UN Secretary-General Antonio Guterres on Monday called for the Security Council to extend its authorization of cross-border aid into northwest...
  • Nearly 10,000 trucks loaded with humanitarian aid passed through Bab al-Hawa last year bound for the rebel-held Idlib region
  • Russia has long called for the West to participate in Syria's reconstruction, but some members of the Security Council, most vocally France, have refused

Iraqi migrant in Britain fears Rwanda deportation

Nearly a week ago, Iraqi Kurd Barham Hama Ali found himself in the unimaginable position of being aboard a deportation...
  • The 25-year-old was among a handful of asylum seekers who were due to be the first of many sent from the United Kingdom under a controversial resettlement deal with Rwanda
  • He was later transferred to Colnbrook migrant detention center, close to Heathrow Airport

Israeli coalition to dissolve parliament, force new elections

Israel's Prime Minister Naftali Bennett said Monday his governing coalition will dissolve parliament next week, a shock announcement that will...
  • The coalition of hawks, left-wingers and Arab Islamists temporarily ushered Israel out of an unprecedented era of political gridlock
  • But after a series of defections that put the coalition on the brink of collapse, Bennett said he would support a bill to dissolve parliament next week

Saudi crown prince kicks off regional tour in Egypt

Saudi Crown Prince Mohammed bin Salman began a two-day visit to Egypt on Monday evening, the presidency in Cairo said,...
  • Several agreements will be penned during the Saudi crown prince's regional tour, says an official
  • The crown prince's regional tour comes weeks ahead of a visit to Saudi Arabia by US President Joe Biden

Another UN led deal to resolve Libya’s elections dispute fails

Representatives of the Tripoli-based High Council of State and of the parliament, based in eastern Libya, began meetings in Cairo...
  • The presidential and parliamentary elections, originally set for December 2021, were meant to cap a UN-led peace process.
  • The voting never took place due to the presence of contentious candidates and deep disagreements over the polls' legal basis.

Saudi Arabia lets citizens visit Turkey as bilateral relations improve

At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month...
  • The move comes two days before Crown Prince Mohammed bin Salman is expected to visit Turkey.
  • In May, national flag carrier Saudia resumed flights to Turkey, but citizens were unable to travel there.

‘Autonomous universities offer advantages for Saudi Arabia’

A publication aims to explore trends and critical factors for future success in an autonomous higher education system in Saudi...
  • University leaders in Saudi Arabia will be held accountable for adopting new policies and regulations
  • A publication illustrates the issues from supply to demand-led, digital ways of working, age of the learner as a customer.

China’s zero-Covid policy leaves a long trail of medical waste

Hazmat-suited workers poke plastic swabs down millions of throats in China each day, leaving bins bursting with medical waste that...
  • From Beijing to Shanghai, Shenzhen to Tianjin, cities are now home to an archipelago of temporary testing kiosks
  • Mass testing appears set to stay as Chinese authorities insist zero-Covid has allowed the world's most populous nation to avoid Covid spread

EU terms blockade of Ukraine grain by Russia ‘real war crime’

EU foreign policy chief Josep Borrell said Monday that Russia should be held "accountable" if it keeps blocking the export...
  • Western countries have demanded Moscow to stop blockading Ukraine's Black Sea ports to allow grain export
  • French Foreign Minister insisted that "Russia must stop playing with global hunger" as it seeks leverage on the West

UAE-India trade to rise 120% to US$100bn in 5 years

The agreement is the first of its kind that the UAE has signed with any country, and it is India's...
  • The agreement is the first of its kind that the UAE has signed with any country, and it is India's first with any country in the Middle East and the Gulf region
  • The UAE’s foreign trade in 2021 recorded nearly AED1.9 trillion, growing 27 percent compared to 2020, and 11 percent compared to 2019

India expulsions to Bangladesh unlawful, target Muslims: HRW

New Delhi, India - India has pushed hundreds of ethnic Bengali-speaking Muslims into Bangladesh without due process, Human Rights Watch...

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UN agencies warn of ‘explosion’ in Gaza child deaths

Twenty weeks into Israel's war against Hamas in the Gaza Strip, UN agencies warned that food and safe water had...

Brazil summons Israeli ambassador as Gaza row escalates

The Brazilian foreign ministry said it has also recalled its own ambassador from Tel Aviv for consultations, after Israel summoned...

‘Israeli army tortures and rapes Palestinian girls’

The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Construction in China-Saudi Arabia ethylene project begins

FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
  • The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.
  • The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.

Iran-EU trade surpasses US$5bn in 2023, says Eurostat

TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
  • Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
  • During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.

Gaza war effect: Israel’s GDP shrinks by 20% in the last quarter of 2023

Overall, Israel's GDP grew by 2.0 percent in 2023, short of the 2.3 percent projection made by the Bank of...
  • It was the single worst quarter for the Israeli economy in terms of GDP per capita since the opening quarter of the Covid pandemic in early 2020.
  • The country has seen massive labor shortages and the collapse of the tourism industry since the outbreak of war.