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

Hosting FIFA World Cup 2022 will give hope to youth in GCC, says Qatar’s emir

Hosting the FIFA World Cup 2022 will give hope to the youth across the Gulf region, which has suffered for...

Saudi Arabia re-elected as chair of ALECSO’s Executive Council

The Arab ministers praised the initiative of the Chairman of the Executive Council of ALECSO, Hani bin Moqbel Al-Moqbel, to...
  • The Arab ministers praised the initiative of the Chairman of the Executive Council of ALECSO, Hani bin Moqbel Al-Moqbel, to develop the Council’s road map
  • Al-Moqbel thanked Saudi King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman Al Saud for the constant support

Zelensky tells Davos: Send us weapons, stop Russia trade

Appearing by video link, Zelensky delivered the headline speech to the first World Economic Forum to be held in the...
  • Russian business and political leaders, who used to participate in debates and mingle with other A-listers at champagne parties, were barred by organisers from attending this year.
  • While the United States, Britain and Canada have moved to ban Russian oil and gas, the European Union has been divided over imposing similar measures.

13 countries to join new Asia-Pacific trade framework: Biden

"The US and Japan, together with 11 other nations will be launching" the Indo-Pacific Economic Framework for Prosperity, Biden said...
  • Joe Biden will make a formal rollout of IPEF later Monday with 13 countries joining the initiative which aims to offer US allies an alternative to China in Asia-Pacific
  • China has criticized IPEF as an attempt to create a closed club. Biden's national security advisor rejected the claim saying that, "it is an open platform"

Sandstorm forces closure of Iraqi airports, public buildings

Iraq closed public buildings and temporarily shut airports Monday as another sandstorm -- the ninth since mid-April -- hit the...
  • Prime Minister Mustafa al-Kadhemi ordered all work to cease in public institutions, with the exception of health facilities and security agencies.
  • The environment ministry has warned that over the next two decades, Iraq could endure an average of 272 days of sandstorms per year, rising to above 300 by 2050.

Saudi presidency of ARADO Executive Council renewed for 2022-24

The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive...
  • The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo,.
  • The memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.

More than 100 million people forcibly displaced: UN

Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the...
  • UNHCR said the numbers of forcibly displaced people rose towards 90 million by the end of 2021
  • The figures combine refugees, asylum-seekers, as well as more than 50 million people displaced inside their own countries

Hamas warns against ‘flag march’ in east Jerusalem

At a speech marking a year since an 11-day flare-up in the conflict between Israel and the group that rules...
  • The controversial so-called "flag march" is due to take place next week to mark Jerusalem Day, which commemorates the unification of the city after Israel annexed east Jerusalem
  • "I warn the enemy against committing such crimes," Haniyeh said

WEF: UAE eyes end to global hunger through innovation

Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
  • Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
  • The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.

France sees no EU entry for Ukraine before ’15 or 20 years’

A bid by Ukraine to join the European Union would not be finalized for "15 or 20 years," France's Europe...
  • President Zelensky on Saturday insisted on an immediate start of the process towards full EU membership.
  • Some EU leaders share France's skepticism about a rapid acceptance of Ukraine's membership bid.

Global gas flaring surges again, costs $63bn in lost energy: WB

Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...

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Global conflicts herald ‘dangerous decade’, says military think-tank

"The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by...

Displacement, health crisis in Sudan is alarming, says WHO

GENEVA, SWITZERLAND – Acting WHO Representative in Sudan Peter Graaff has said that the humanitarian and health crisis in the...

Israeli air strike wounds Hizbollah official in Lebanon

Hizbollah and Israeli army have traded near-daily fire since war broke out on October 7 between Israel and the Palestinian...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Jordan’s king urges Gaza ceasefire in talks with Biden

Speaking at the White House while US President Joe Biden stood next to him, King Abdullah of Jordan said that...
  • The US has refused to call for a full ceasefire, angering allies in the Middle East
  • It was Abdullah's first face-to-face meeting with Biden since the October 7 attack

West Bank crisis deepens with Israeli employment ban

As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day...
  • As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day laborers, poverty and despair escalate.
  • The move, a response to security concerns after Hamas attacks, leaves approximately 120,000 Palestinian workers and their families in dire straits.

Britain sanctions ‘Israeli settlers’ in West Bank

London, UK - Britain on Monday announced sanctions on four "extremist Israeli settlers" accused of committing human rights abuses against Palestinians...
  • The curbs follow what the UK called "unprecedented levels of violence by extremist settlers in the West Bank" over the past year.
  • The sanctions represent a rare move by London and Washington against Israelis, as war rages with Hamas in the Gaza Strip.