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

Nearly 60 mn people internally displaced worldwide in 2021

Last year, new internal displacements from conflict surged to 14.4 million marking a 50-percent jump from 2020 and more than...
  • Last year, new internal displacements from conflict surged to 14.4 million marking a 50-percent jump from 2020 and more than doubling since 2012, the report showed
  • More than eight million people have already been displaced within the war-ravaged country since Russia's invasion of Ukraine began in February

Yemen’s Houthi rebels consider extending truce

Yemen's Houthi rebels said Wednesday they are considering renewing a United Nations-brokered truce with the government which expires in two...
  • The two-month ceasefire, which went into effect on April 2, coinciding with the start of the Muslim holy month of Ramadan, has made a considerable positive impact
  • According to United Nations figures, more than 150,000 people have died in Yemen's war and millions have been displaced

UN expert calls US sanctions on Iran ‘devastating’

An independent United Nations expert said Wednesday that the impact of sanctions imposed by the United States on Iran was...
  • A 12 day visit of UN expert in Iran comes during the ongoing protest in country over rising prices of food and soaring inflation
  • In 2018, then-US president Donald Trump withdrew from the deal and imposed crippling sanctions on Iran

Saudi Foreign Minister meets Algerian counterpart

Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening.
  • Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening
  • The two sides also discussed views on enhancing joint cooperation in many aspects, in addition to exchanging views on the latest regional and international events

Lebanon’s Hezbollah urges ‘cooperation’ as vote brings no majority

Hezbollah and its allies fell just short of the 65 seats needed to control the 128-seat chamber.
  • Hezbollah and its allies fell just short of the 65 seats needed to control the 128-seat chamber
  • The elections came as Lebanon remains mired in one of the modern world's worst-ever economic crises

US puts full weight behind Sweden, Finland bids to join NATO

The United States gave its full support Wednesday for Sweden and Finland's bids to join NATO, promising to stand by...
  • "I warmly welcome and strongly support the historic applications," Biden said, calling the two countries "longtime, stalwart partners."
  • Biden made the comments a day before welcoming Finnish President Sauli Niinisto and Swedish Prime Minister Magdalena Andersson to the White House

Record wheat prices a global worry, put poor countries at risk of poverty

Low rainfall or droughts in major producing countries were already causing worries before Russia's invasion of Ukraine in February sent...
  • Ukraine struggles to sell and sow its wheat crops, putting consumers in poor countries at risk of poverty and famine.
  • There are around 270 million tons of wheat in stock for a planet that consumes around 800 million a year. Around half are in China which has one year's consumption in reserve.

Jewish pilgrims back in Tunisia after Covid absence

Djerba is home to one of the last Jewish communities in the Arab world, and the synagogue is believed to...
  • Jewish pilgrims lit candles, prayed, and handed each other sweets and nuts at synagogue annual celebrations in Tunisia.
  • 8,000 pilgrims used to travel to Djerba for the annual celebration but the number decreased as the pandemic spread across the world.

World’s tallest building engulfed as Mideast sandstorms hit UAE

The world's tallest building disappeared behind a grey layer of dust on Wednesday as sandstorms that have swept the Middle...
  • The 828-metre Burj Khalifa, which is usually visible across the busy financial hub, retreated behind a curtain of airborne dirt that shrouded much of the country.
  • The Middle East's sandstorms are becoming more frequent and intense, a trend associated with overgrazing and deforestation, overuse of river water and more dams.

UN calls on Iraqi politicians to end seven-month stalemate

The UN envoy to Iraq on Tuesday urged Iraqi politicians to end a deadlock which has kept parliament from forming...
  • Addressing the UN Security Council earlier in the day, Hennis-Plasschaert stressed "the importance of overcoming the political stalemate"
  • More than seven months after legislative elections, Iraqi institutions are at a standstill over lawmakers' inability to elect a president

Restoring sea floor after mining may not be possible, researchers warn

Kingston, Jamaica -- Scientists present at the latest effort to hash out international rules for deep-sea mining say it's unclear...

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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...

UAE defends Israel ties, calls for two-state solution

Despite maintaining its ties with Israel since the Israel-Hamas war began in October, the UAE has been at pains to...

Relative of freed Israeli hostages appeals for Gaza deal

Talks have been underway for weeks to secure a second truce in the four-month war, which would see more hostages...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

GPSSA issues circular on pensions, gratuity in UAE

ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and...
  • The circular included limiting the procedure of deduction from the pension or end-of-service gratuity for the benefit of GPSSA's debt.
  • In cases of unlawful disbursement, GPSSA has the right to deduct from other beneficiaries' shares, proportional to their entitlements.

Several nations eager to join Charter of Cooperation, says OPEC Secretary-General

ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...
  • The names of these countries will be announced after the completion of the ongoing consultations, the OPEC chief said.
  • He said the Charter helps facilitate dialogue and exchange views regarding conditions in the global oil and energy markets.

Vessel reports missile attack off Yemen’s coast: security firms

Another security firm, Ambrey, said the Marshall Islands-flagged, Greece-owned bulk carrier "was targeted by missiles in two separate incidents" within...
  • The incident occurred before 0400 local time (0100 GMT) in an area where Houthi rebels have repeatedly targeted Red Sea shipping in recent months, UKMTO said
  • Houthis' attacks prompted some shipping companies to detour around southern Africa to avoid Red Sea, a vital route that normally carries about 12 percent of global maritime trade