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

Russian embargo won’t result in global oil dearth : IEA

The IEA said "steadily rising" output from the United States and Middle Eastern members of the OPEC+ oil cartel will...
  • The IEA had previously warned that Moscow's invasion of Ukraine could spark a global supply "shock".
  • World oil demand growth, meanwhile, is forecast to slow to 1.9 million barrels per day in the second quarter.

Arab nations at UN seek probe of killing of Al Jazeera reporter

Arab countries at the United Nations called Wednesday for an independent, international probe into what they called the assassination of...
  • The demand for an independent international probe was contained in three identical letters send to the UN Secretary General
  • The Qatar-based TV channel charged that Israeli forces deliberately and "in cold blood" shot Abu Akleh, 51, in the head

Lebanon jobless rate almost triples since crippling economic crisis

The official unemployment rate in crisis-hit Lebanon jumped almost three-fold to reach 29.6 percent at the start of the year,...
  • After years of corrupt practices and financial mismanagement, Lebanon's economy collapsed two years ago, stripping the national currency of 95 percent of its value.
  • The issue of unemployment has not featured prominently in the campaigns led by the main parties fielding candidates in Sunday's parliamentary election.

Palestinians honor ‘sister’ Shireen Abu Akleh, reject joint probe

In a sign of Abu Akleh's stature among Palestinians, she received what was described as a full state memorial at...
  • The EU has urged an "independent" probe while the United States demanded the killing be "transparently investigated", calls echoed by UN human rights chief Michelle Bachelet.
  • An initial autopsy and forensic examination were conducted in Nablus in the Israel-occupied West Bank hours after her death, but no final conclusions have been disclosed.

Emir of Qatar arrives in Tehran to boost relations

Qatar's ruler met Iranian President Ebrahim Raisi in Tehran Thursday, state television reported, as talks falter on bringing Washington back...
  • Washington unilaterally abandoned the nuclear deal under then-president Donald Trump in 2018 and reimposed sweeping economic sanctions
  • Unlike some of its Gulf Arab neighbours, Qatar has maintained close relations with Iran and the two countries share the world's largest natural gas

Syrian refugees in Turkey: Political tool in crisis times

With the lira's value tumbles to historic lows and annual inflation runs at nearly 70 percent, the refugee question regularly...
  • Political parties in Turkey spar over sending 3.7 million Syrian refugees back to their war-torn homeland while the refugees have no appetite to return
  • Majority of the Syrian refugees have settled in Turkish society since 2012, and only 1 percent live in the shelter camps built for those who escaped civil war

Uneasy NATO wait ahead for Finland and Sweden

Once a country has decided to apply for NATO membership, the 30 members of the alliance must agree unanimously to...
  • Boris Johnson Wednesday signed a Political Declaration of Solidarity, including military means with Finland and Sweden
  • NATO's 30 member states would ratify the decision of granting membership to Finland and Sweden for the Western military alliance

Oman-India Joint Commission to discuss Free Trade Agreement with GCC

A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and...
  • A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and Industry and the Oman Chamber will be held Friday
  • At this meeting, ministers from both sides will interact with the business communities, the Indian Ministry of Commerce and Industry said

Spain, Morocco agree to reopen enclave land borders

The move helps draw a line under a major diplomatic standoff on the back of coronavirus restrictions that together closed...
  • The borders closed last year when Spain allowed the leader of a Western Saharan independence movement to be treated in a Spanish hospital
  • Around 10,000 migrants crossed the Moroccan border into Ceuta as border forces looked the other way, in an apparent punitive gesture by Rabat

Russia slaps sanctions on Western energy firms

The sanctions include a ban on transactions and the entry into Russian ports of vessels linked to the affected companies.
  • The sanctions target 31 companies, most belonging to the Gazprom Germania group of subsidiaries of Gazprom
  • The sanctions also affect Poland's EuRoPol GAZ SA, the owner of the Polish part of the Yamal-Europe gas pipeline

Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators

Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...

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Climate change parches Morocco breadbasket amid policy pitfalls

Berrechid, Morocco -- Around this time every year, Moroccan wheat farmer Abderrahim Mohafid is usually preparing for his spring harvest, but...

Israel offensive on Lebanon would ‘spell end’ of Netanyahu, says Iran’s FM

Amir-Abdollahian met top officials in Beirut including Hizbollah chief Hassan Nasrallah and parliament speaker Nabih Berri, a powerful ally of...

Hamas official in Lebanon survives Israeli strike

While the Israel-Lebanon violence has been largely contained to the border area, a strike earlier on Saturday hit the coastal...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN agency boss should quit over Hamas ‘tunnel’: Israel

Israel's army and the Shin Bet security agency said operations in Gaza City in recent weeks had led to the...
  • Israel Katz rejected UNRWA commissioner general's claim that he was unaware of its presence
  • Lazzarini said the agency had not operated from the compound since October 12

Three UAE soldiers, Bahraini officer killed in Somali attack

The United Arab Emirates' defense ministry said that the soldiers were "exposed to a terrorist act" while "performing their work...
  • The UAE said it will cooperate with Somalia in investigation of the attack
  • Somalia said the attack had targeted a military camp in the capital Mogadishu

Yemen-based Houthis say 17 fighters killed in US strikes

A total of 17 Houthi fighters were killed in US strikes, the Iran-backed Yemeni rebel group said through its official...
  • The United States confirmed that its military had conducted a number of strikes against missile launchers as Houthi fighters prepared to launch them.
  • The Iran-backed rebels, who control much of war-torn Yemen including the port of Hodeida, have been targeting shipping in the Red Sea and Gulf of Aden.