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

Iran oil minister meets Venezuela President amid rising oil prices

The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.
  • Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices
  • In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes

Nigeria says seeking funding for gas pipeline to Morocco

Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North...
  • OPEC member Nigeria has huge gas resources - the largest proven reserves in Africa and the seventh largest globally
  • Fellow OPEC member Algeria, Africa's largest gas exporter, said recently it was ready to supply Europe with more gas

Russia steps up Ukraine fight as EU braces for gas paucity

The United States has been warning that Russia is preparing to formally annex regions in Ukraine’s east, while the European...
  • Russia's Foreign Minister Sergei Lavrov has meanwhile sparked outrage by alleging Adolf Hitler may have ‘had Jewish blood’
  • This has invoked a conspiracy theory in a bid to discredit Ukraine's President Volodymyr Zelensky — who is of Jewish ancestry

European Union shores up defense against Russia energy threats

European Union ministers met Monday to respond to Russia cutting gas supplies to Poland and Bulgaria -- and discuss plans...
  • Energy ministers from 27 member states were coordinating efforts to counter what Brussels has branded the Kremlin's bid to "blackmail" the West with threatened energy shortages.
  • The EU is also working on a phased ban on Russian oil imports, hoping to cut off funding for its war effort and assert energy independence from Moscow.

KSA not to be blamed for high US energy prices: Turki Al-Faisal

A former Saudi intelligence head has insisted that the kingdom should not be held responsible for the rising energy costs...
  • Following the invasion of Ukraine, oil prices have dramatically surged in the market
  • Amid the price hike, the Biden administration has been urging Saudi Arabia to increase its oil output, and it has placed a strain on the relationship between the two countries

Tunisia proposes national dialogue, excluding opposition

Tunisian President Kais Saied has announced the launch of "national dialogue" to help resolve a political crisis following his controversial...
  • Saied, a former law professor elected in 2019 amid public anger against the political class in the North African nation, sacked the government on July 25 last year
  • In a speech late Sunday, Saied said a commission would manage "the national dialogue", a measure demanded repeatedly by the G7 nations and European Union

Iran summons Sweden’s envoy over trial of former official

Iran said it had summoned Sweden's ambassador following a request by prosecutors in the Nordic country for life imprisonment for...
  • The foreign ministry in Tehran late Sunday "strongly condemned" the arrest and trial of Hamid Noury, 61, as "illegal"
  • Noury, who has been on trial in Stockholm since last August, faces charges including crimes against humanity

May Day holiday marred by clashes in Turkey, France

Police and protesters clashed in Turkey and France during May Day rallies on Sunday, as tens of thousands marched across...
  • European rallies sparked the most controversy with Turkish protesters gathering at Istanbul's Taksim Square, an area synonymous with anti-government protests
  • City officials said the group refused to disperse and 164 were detained, with government-approved rallies elsewhere in Turkey passing off peacefully

Qatar calls on Chad to delay national peace dialogue

Qatar, which has been leading tense mediation between Chad’s military government and opposition rebels for six weeks, on Sunday called...
  • More than 40 opposition groups and the military government have had delegations in Doha since March 13 when the preliminary talks officially opened
  • Opposition groups are demanding that Deby rule himself out of the elections that the military leader has said will be held this year

Morocco FM, Kosovo counterpart discuss ties, regional developments

The two top diplomats stressed their keenness to continue joint action that brings together Amman and Pristina.
  • The two top diplomats stressed their keenness to continue joint action that brings together Amman and Pristina
  • “Respecting the historical and legal status quo is the only way to restore calm in the holy city”, Safadi said

Syria says agreement reached to halt military operations in Sweida

Syria said a new ceasefire reached on Wednesday in the Druze-majority city of Sweida will bring a complete halt to...

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Biden’s age under renewed scrutiny following damning revelations in documents investigation

Even before the special counsel report the White House was already on the back foot, facing repeated questions at a...

Palestinian official says Hamas still seeks truce despite Israeli denial

"We expect the negotiations to be very complex and difficult but Hamas is open to discussions and the movement is...

US strikes destroy two Houthi missile systems in Yemen

Washington, US - The United States military confirmed on Thursday its forces conducted multiple strikes against Houthi missile systems as the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Maldives: Muizzu expands diplomacy beyond India

Muizzu won last year’s presidential election on the "India Out" platform against Ibrahim Mohamed Solih's "India first" policy.
  • Muizzu won last year’s presidential election on the "India Out" platform against Ibrahim Mohamed Solih's "India first" policy
  • He has reaffirmed friendly relations with India but has maintained an uncompromising position on the presence of Indian troops

Pakistanis vote with Khan in jail, Sharif tipped to win

The Pakistan Muslim League-Nawaz (PML-N) is expected to win the most seats in Thursday's vote, with analysts saying its 74-year-old...
  • Adding to the concerns about the integrity of the vote, authorities announced just before polls opened that they had suspended mobile telephone services across the country
  • Pollsters had predicted a low turnout from the country's 128 million eligible voters following a lacklustre campaign overshadowed by the jailing of former prime minister Imran Khan

Civilians among 11 dead in Israel strikes on Syria: monitor

Four students and a woman and her son were among the dead along with an unidentified civilian, the Observatory said,...
  • Eleven people including seven civilians" and two Hizbollah fighters were killed in "Israeli bombardment" of a building in the Hamra neighborhood of Homs
  • The strikes completely levelled the building in one of the city's most affluent districts, and also hit other targets linked to Iran-backed groups