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

Qatar all set to successfully begin the FIFA World Cup : Official

Qatar is ready for the launch of a safe and exceptional tournament, the Head of the FIFA World Cup Qatar...
  • The World Cup Security officer Al-Mohannadi said all the preparations indicates that the World Cup is a step away from starting.
  • He said all the countries participating in the World Cup were invited to cooperate with the International Police Cooperation Center.

Winners for Kuwait’s municipal council polls announced

The winners for the 13th Legislative session in Kuwait's eight constituencies were announced Saturday on Kuwait State Television. The Judges...
  • The Judges announced 10 winners and members of the new municipal council.
  • All the 10 winners will be granted a membership of four years in municipal council.

Qatar Chamber signs deal with Spanish firms to promote trade

Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...
  • There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
  • Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.

UAE renews pledge to Palestinian cause for independent state

UAE stressed the need to respect Jordan’s role in caring for the holy sites and endowments in the Holy City...
  • Speaker of the Federal National Council called Palestinian cause "the first and foremost issue" of the Arab world
  • UAE praised Morocco’s king and said “We also commend the role played by His Majesty King Mohammed VI in supporting people of Jerusalem"

For Iraqis back from Syria, life on hold in ‘rehabilitation’ camp

Iraqi Foreign Minister said his country is determined to repatriate all the families stuck in the Syrian camp after "security...
  • Families of IS fighters in Syrian camp fear returning home as many of them experience community rejection, stigmatization and risk of revenge attacks
  • According to Iraq's ministry of immigration, around 30,000 Iraqis including 20,000 children remain stranded at Al-Hol camp in Syria

Erdogan conditions support for Nordic nations’ NATO bids

President Recep Tayyip Erdogan on Saturday said Turkey would not look "positively" on Sweden and Finland's NATO bids unless its...
  • Erdogan's threat throws a major potential obstacle in the way of membership for the hitherto militarily non-aligned Nordic nations since a consensus is required in NATO decisions
  • On Thursday, Stoltenberg said Turkey's "concerns" were being addressed to find "an agreement on how to move forward"

Australia’s incumbent government loses elections after decade

Australia's Prime Minister Scott Morrison conceded election defeat Saturday, hours after voters issued a stinging rebuke of his party's inaction...
  • Australia's PM acknowledged a 'difficult' and 'humbling' day for his party, which governed Australia for the last decade
  • With almost half the votes counted, Albanese's center-left Labor was assured of forming the largest party in parliament

EU looks to build a strategic partnership with GCC

GCC Secretary-General, Dr. Nayef Falah Mubarak Al-Hajraf, had welcomed the European High Representative for Foreign Affairs and Security Josep Borrell’s...
  • European External Action Service Spokesman Peter Stano said the cooperation is a must due to the current geopolitical developments
  • He added, “Together with our partners, we represent 20% of the global economy, and half of the foreign direct investments"

Lebanese leader says country’s sovereignty must be restored

Lebanon's hijacked sovereignty must be restored after an election denied the powerful Shiite movement Hezbollah a parliamentary majority, said Christian...
  • "No one... should be able to transport missiles from one place to another without the permission and knowledge of the military," the 69-year-old added, referring to Hezbollah
  • Hezbollah, whose arsenal outguns the army's, is described by its supporters as a bulwark against enemy Israel

Israeli forces shoot to death a Palestinian teen in West Bank

A Palestinian teenager was shot dead by Israeli forces as clashes erupted during an army raid on Saturday in Jenin...
  • "A 17-year-old boy was killed and an 18-year-old was critically wounded by the Israeli occupation's bullets during its aggression on Jenin," the ministry said in a statement.
  • The official Palestinian news agency Wafa identified the teenager as Amjad al-Fayed

Syrian govt says fighting in Sweida halted after tribal forces pull out

Druze fighters had pushed out rival armed factions from the city on Saturday, a monitor said, after the government ordered...

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UN ‘won’t be party’ to forced displacement in Gaza: spokesman

Israeli Prime Minister Benjamin Netanyahu has ordered his military to prepare for an offensive in the southern Gaza city, where...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

IMF, World Bank say Gaza and Red Sea attacks risk to world economy

World Bank President Ajay Banga said that "what's going on Gaza, but also the challenges of Ukraine... and the Red...
  • The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, the IMF chief said.
  • She said that if there are other "consequences in terms of where the fighting goes, it could be more problematic for the world as a whole".

Energy transition led Saudi Arabia to halt oil expansion, says official

RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
  • Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day.
  • Officials in the world's biggest crude exporter did not explain the move, leaving analysts to speculate that it reflected lack of confidence

Red Sea issue puts Yemen peace process on hold

DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...
  • The Iran-backed Houthis have been fighting a Saudi-led coalition since March 2015, months after they seized the capital Sanaa.
  • Hundreds of thousands of people have died in the fighting and from indirect causes such as disease and malnutrition.