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

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

Palestinians warn against plans to weaken their UN agency

A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has sparked...
  • The agency has long been a target of Israeli criticism, with accusations it has fuelled the conflict in part by teaching anti-Zionist messages at its schools
  • The agency tasked with assisting Palestinians who were forced from their homes during the war surrounding Israel's creation has faced a funding crunch for years

Pakistan and Saudi Arabia to discuss extending term of $3 bn loan

The latest sign of support follows a visit to Saudi Arabia by new Prime Minister Shahbaz Sharif, who has inherited...
  • In recent years, Saudi has provided Pakistan with $4.2 bn of support in the form of the $3 bn loan deposited with the central bank as well as $1.2 bn in deferred oil payments.
  • Saudi Arabia also pledged "to further enhance the financing of petroleum products" at a time when the South Asian country is suffering from frequent power cuts.

Afghan supreme leader makes rare appearance at Eid prayers

Afghanistan's supreme leader appeared publicly for only the second time in six years on Sunday, telling worshipers celebrating Eid al-Fitr...
  • Speaking just two days after a bomb ripped through a mosque in Kabul, an atmosphere of heightened security surrounded the man introduced as Hibatullah Akhundzada
  • Dozens of civilians have been killed in the primarily sectarian attacks -- some claimed by the Islamic State group -- targeting members of the Shiite and Sufi Muslim communities

OFID to finance $14.3 million for Nigeria-Morocco Gas Pipeline’s study

Morocco and the OPEC Fund for International Development (OFID) have signed the pact on the partial funding of the second...
  • Co-funded by the Islamic Development Bank (IDB), the study consists in preparing the documentation for the implementation of the NMGP project.
  • The project is intended to be a catalyst for the economic development of the North-West African region.

Iraq seizes more than 6 million captagon pills in drug bust

Iraqi security forces said Saturday they had broken up a drug trafficking ring and seized more than six million pills...
  • Iraq's northwestern neighbor Syria is the Middle East's main captagon producer, and its southern neighbor Saudi Arabia the main consumer.
  • Trade in captagon in the Middle East grew exponentially in 2021 to top $5 billion, posing an increasing health and security risk to the region, a report said earlier this month.

Turkey envoy meets Zelensky in Ukraine amid mediation

Turkey hosted a meeting between Moscow and Kyiv negotiators in Istanbul and another between Russian Foreign Minister Sergei Lavrov and...
  • There were no immediate details about the content of the Turkish envoy’s meetings in Kyiv
  • Ankara has been mediating between Ukraine and Russia in efforts to end the war in Europe

Turkey air force pulls out of military exercise in Greece

Turkey's air force has pulled out of a military exercise scheduled to be held in Greece next month, security sources...
  • Turkish security sources said host countries draft a text each year made up of technical regulations ahead of the planned exercise and this year
  • The sources accused Greek authorities of making additions into the document that "abuse disagreements between the two countries," without providing precise details

Iraq PM says Saudi-Iran tension near end

An end to years of tension between regional rivals Iran and Saudi Arabia is near, Iraqi Prime Minister Mustafa al-Kadhemi...
  • Iran and the Saudi kingdom support rival sides in several conflict zones across the region
  • On Tuesday, the spokesman for Iraq's Foreign Ministry, Ahmed al-Sahaf, said the talks "are continuing''

Top Algeria opposition figure arrested: rights groups

One of Algeria's leading opposition figures, Karim Tabbou, has been arrested again, rights groups have said. Tabbou was one of...
  • Tabbou was one of the most-recognizable faces during unprecedented mass rallies, led by the Hirak pro-democracy movement, that began in February 2019
  • He was detained Friday evening at his home, the rights groups said

Russia admits striking Kyiv during UN chief’s visit

Russia's defense ministry said it had deployed "high-precision, long-range air-based weapons" that "destroyed the production buildings of the Artyom missile...
  • Zelensky called for global response to recent strikes saying that "brutal humiliation of the UN by Russia has gone unanswered."
  • Germany said, Thursday's "inhumane" airstrike on Ukraine showed that Putin has "no respect whatsoever for international law"

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

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Israel bombs Rafah crowded with 1 million Palestinians

US Secretary of State Antony Blinken left Israel without securing a pause in fighting, wrapping up his fifth crisis tour...

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.

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

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Israel PM dismisses Hamas demand for ceasefire, sets sights on Rafah

In Beirut, a senior Hamas official responded, saying Netanyahu's "insistence on continuing the aggression totally confirms that the goal... is...
  • Netanyahu has ordered troops to prepare to move on the city of Rafah in Gaza's far south, where more than one million Palestinians have sought refuge
  • An official from mediator Egypt told AFP that "a new round of negotiations" would start on Thursday in Cairo aimed at achieving "calm in the Gaza Strip".

Iranian President Raisi accuses US of disrupting Middle East security

"The presence of US forces in our region has no justification," Raisi said in a Tehran ceremony ahead of the...
  • Raisi said the US presence "in Iraq, Syria, Afghanistan and the region is in no way creating security. It disrupts the security in the region"
  • Raisi's remarks to foreign diplomats came while US Secretary of State Antony Blinken was on a regional tour for talks on the Gaza ceasefire deal

Israeli strikes kill 10 including six civilians in Syrian city of Homs

"Ten people, including six civilians and two Hizbollah fighters, were killed in Israeli strikes on a building in the Hamra...
  • Three students and a woman were among the dead, two of whom have yet to be identified, an official said
  • Two Hizbollah fighters were also among the dead, a source to the Iran-backed Lebanese group confirmed to AFP