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

North Korea leader warns of ‘preemptive’ use of nuclear force

Pyongyang should continue to build up its arsenal so that it can have the "overwhelming military muscle that no force...
  • Kim Jong Un could use his atomic arsenal if North Korea's "fundamental interests" were threatened
  • Kim's warning shows that he is not open to talk with South Korea's new government, analysts say

Russia urges US, NATO to halt Kyiv arms supply: state media

Russia's foreign minister urged the US and NATO to stop supplying Kyiv with arms if they are "really interested in...
  • Sergei Lavrov told China's official Xinhua news agency that the "special military operation... is proceeding strictly according to plan."
  • The Kremlin had previously called Western arms deliveries to Ukraine a threat to European security.

UAE, Rwanda sign economic, technical cooperation agreement

The two sides reviewed their relations during the visit of the UAE Minister of State Sheikh Shakhboot bin Nahyan bin...
  • The two sides reviewed their relations during the visit of the UAE Minister of State Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan to Kigali
  • the two sides reviewed the prospects for boosting investment and economic cooperation and accelerating projects

Biden, Mexican president warn of ‘unprecedented’ migration flow

US President Joe Biden and his Mexican counterpart Andres Manuel Lopez Obrador warned of "unprecedented" pressure from migration in a...
  • The virtual meeting showcased Biden's attempt to steer the complex relationship onto a more cooperative basis
  • The two nations are inextricably tied through trade, culture and the violent narcotics industry

Saudi Arabia and Turkey resolve to boost ties ‘in all fields’

Saudi Arabia's crown prince and Turkish President Recep Tayyip Erdogan have vowed to reset relations, to end a conflict between...
  • Erdogan met with the Crown Prince Mohammed bin Salman, to "develop" relations. Saudi state news agency SPA published images of the Turkish leader embracing Prince Mohammed
  • On Friday, Erdogan visited the Muslim holy city of Mecca, where he performed a pilgrimage among thousands of worshipers amid a heavy security presence

UAE to send astronaut on six-month International Space Station mission

The United Arab Emirates announced Friday it will send an astronaut on a six-month mission to space, as it seeks...
  • The country signed "a new agreement to send the first Arab astronaut on a long 180-day mission to the International Space Station", tweeted UAE's vice president Sheikh Mohammed.
  • The astronaut will be part of the SpaceX Crew-6 mission, scheduled for launch in 2023.

Libya losing $60 million a day from oil facilities shutdown: Minister

Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall...
  • The Libyan closures follow the selection of a new PM, Fathi Bashagha, by Libya's eastern-based parliament in a direct challenge to Tripoli-based interim PM Abdulhamid Dbeibah.
  • Analysts say eastern Libyan forces who back Bashagha have forced the closure of the oil facilities in a bid to press Dbeibah to step down.

Erdogan discusses Saudi-Turkish relations during his visit to oil kingdom

Turkish President Recep Tayyip Erdogan met with Saudi Arabia's crown prince on Thursday to "develop" relations during his visit to...
  • The pair "reviewed the Saudi-Turkish relations and ways to develop them in all fields," SPA reported
  • Pictures published by Turkish state media also showed a separate sit-down with King Salman, the crown prince's father.

Tunisia must address democracy concerns for aid, says US

“At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a...
  • Tunisia has been seeking a loan package from the IMF, in which the US is the largest stakeholder
  • The country is currently coping with an economic crisis aggravated by the Covid-19 pandemic

Saudi-led coalition to free 163 Yemen rebels for Eid

The move came after a Houthi official called this week for both sides to release 200 prisoners before the coming...
  • The Houthis took over Sanaa in 2014, prompting the Saudi-led military intervention to support the government the following year
  • This effectively ignited a war that has caused what the United Nations has called the world's worst humanitarian crisis

Summit on Palestinian statehood planned for Sept in Paris or New York

The conference, co-chaired by France and Saudi Arabia, was originally planned for mid-June to revive work on the long-standing diplomatic...

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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,...

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...

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

Most Read

Blinken in Israel voices hope for Gaza truce deal to free hostages

"There's a lot of work to be done, but we are very much focused on doing that work and hopefully...
  • UN Secretary-General Antonio Guterres warned that if Israel presses into Gaza's far-southern Rafah, it "would exponentially increase what is already a humanitarian nightmare".
  • AFPTV footage showed frantic scenes of Palestinians running for their lives, many screaming, as gunfire rang out from advancing Israeli forces in a Gaza City neighborhood.

New round of Gaza negotiations to start in Cairo: Egypt source

Cairo, Egypt -- Egypt and Qatar are sponsoring a new round of negotiations to start Thursday in Cairo aimed at achieving...
  • A Hamas source with knowledge of the matter confirmed the Palestinian group had agreed to the talks, with the goal of "a ceasefire, an end to the war and a prisoner exchange deal".
  • The Egyptian official said Cairo was urging "both parties to show the necessary flexibility" to achieve a truce in Hamas-run Gaza.

Gaza solidarity boycott hits global food chains

As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
  • Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
  • McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.