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

Lebanon vote weakens Hezbollah bloc as reformists book gains

Official results later Monday will show whether Hezbollah, a political and military movement seen as a state within a state,...
  • Turnout was particularly low in Sunni Muslim areas, after former premier Saad Hariri triggered a de facto boycott in his community by pulling out of the elections.
  • Some of the politicians most reviled by the reform camp suffered stinging losses, including several MPs who had traditionally represented the interests of Syria.

Saudi King leaves hospital in Jeddah after one week

Saudi Arabia's King Salman has left the hospital one week after being admitted for tests, state media reported. Video broadcast...
  • He left "after conducting medical examinations and successfully completing the treatment plan and recovery period," the SPA said on Twitter
  • In 2017, Saudi Arabia dismissed reports and mounting speculation that the king was planning to abdicate in favor of Crown Prince Mohammed

Algerian military officer sentenced to death for ‘high treason’

An Algerian military officer and close ally of the former army chief has been sentenced to death over charges of...
  • Bounouira, who served as the once-powerful Gaid Salah's private secretary for a time, was extradited to Algeria by Turkey in 2020
  • According to El Watan, Bounouira was accused of taking possession of classified military documents and using them to bargain for protected status

Sanctions-hit Iran considering gas exports to Europe: official

Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of...
  • Russia's invasion of Ukraine in February sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.
  • Tehran and Baghdad had signed a memorandum of understanding a few weeks ago that will see the country increase gas exports to Iraq.

WHO renews ties with Saudi drug authority for global cooperation

The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.
  • The move aims to contribute to the SFDA in assisting emerging countries in monitoring and regulating medical devices and supplies
  • It also looks to benefit from the WHO’s expertise in various regulatory and supervisory areas in medical devices and supplies

Somali MPs vote in prez election as famine threat looms

Somali lawmakers gathered in Mogadishu Sunday to vote in the country's long-overdue presidential election, with 35 candidates vying for the...
  • The poll has been dogged by claims of irregularities and is well over a year behind schedule
  • The vote is expected to draw a line under a political crisis that has lasted well over a year

2,000 attend new Tunisia opposition alliance demonstration

A crowd estimated at more than 2,000, lower than expected, took part Sunday in the first demonstration of a new...
  • Veteran opposition figure Ahmed Nejib Chebbi announced the formation of the new alliance on April 26 to "save" Tunisia from deep crisis following Saied's power grab last year.
  • Demonstrators said they were disappointed by the numbers that turned out for the first public show of support for the alliance.

Blinken offers ‘deep condolences’ to family of Palestinian journalist

US Secretary of State Antony Blinken spoke with the family of slain Palestinian journalist Shireen Abu Akleh after criticizing Israel's...
  • The top US diplomat "noted Abu Akleh's journalistic body of work and the importance of a free and independent press"
  • Al Jazeera said Israel shot her "in cold blood"

Macron meets Mohamed bin Zayed, offers condolences

The UAE's new president Sheikh Mohamed bin Zayed Al Nahyan held talks Sunday with French counterpart Emmanuel Macron as world...
  • British Prime Minister Boris Johnson, US Vice President Kamala Harris, US Secretary of State A. Blinken and Israeli President Isaac Herzog are also expected to arrive in Abu Dhabi
  • Presidents and monarchs from Egypt, Iraq, Jordan, Oman and Tunisia, and Sudan's de facto leader, were among a long line of dignitaries to offer their condolences

Finland to announce NATO decision as Sweden holds key meet

The Finnish government is expected to officially announce its intention to join NATO on Sunday, as Sweden's ruling party holds...
  • "Hopefully we can send our applications next week together with Sweden," Finland's Prime Minister Sanna Marin said on Saturday
  • Finland has been leading the charge, while Sweden appears anxious at being the only non-NATO country around the Baltic Sea

Israeli fire kills 39 and wounds more than 100 Gazans near two aid centers

UN has said it had recorded 875 people killed in Gaza while trying to get food, including 674 in the...

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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...

Israeli military says 2 hostages rescued in overnight Gaza operation

The military said in a statement that "during a joint IDF (military), ISA (Shin Bet security agency), and Israel Police...

Iraq resumes talks with US on coalition forces exit

According to the military spokesman for Iraq's prime minister, the discussions aim to schedule a timeline for a pullout of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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More than 50 people killed in Israeli strikes on Rafah

Witnesses heard an intense series of strikes and saw smoke billowing above the city, which now hosts more than half...
  • Israeli military said that it had conducted a series of strikes in the Gaza Strip
  • Israeli PM Benjamin Netanyahu has ordered his army to prepare a ground offensive on Rafah

India says Qatar freed eight ex-navy personnel

"The Government of India welcomes the release of eight Indian nationals working for the Dahra Global company who were detained...
  • In October, India said it was "shocked" after a Qatari court had sentenced them to death, but the sentence was reduced in December
  • The Hindu newspaper reported the men were spying for a "third country", while the Times of India has said that "they were accused of spying for Israel."

Saudi Arabia sends $250m to bolster Yemeni government

Saudi Arabia said it had disbursed $250 million in aid to the internationally-recognized government in Yemen. The money follows an...
  • The Yemeni government relocated to Aden, a port city on the southern coast, after the Iran-backed Houthis seized the capital Sanaa in 2014.
  • In 2015 Saudi Arabia mobilized an international coalition intended to oust the Houthis.