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

Egypt bristles at Israel-run dance festivals in Sinai

Israeli-organized twin dance festivals in the Sinai have sparked outrage in Egypt as they come just days before the anniversary...
  • The Nabia and Grounded festivals coincides with the Jewish Passover holiday, and also come as Muslims observe fasting in Ramadan
  • The festivals follow events in which more than 150 Palestinian worshippers were injured on Friday in clashes with Israeli security forces

Yemen’s new leaders want years-long conflict to end

Yemen's new leaders are "ready for war" should the latest push for peace with Houthi rebels fail, but a senior...
  • "Our first option is peace, but we are ready for war," Abdullah al-Alimi said late Saturday in his first interview since being named to an eight-member leadership council
  • The war has killed hundreds of thousands directly or indirectly, and triggered what the United Nations calls the world's worst humanitarian crisis

Dubai Logistics City Customs Centre clears goods worth $435m in Q1

Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter...
  • The Centre facilitates processes and operations of companies and traders.
  • In particular, the Centre handles the shipments of the International Humanitarian City, the largest humanitarian logistics centre in the world.

Direct flights start between Tel Aviv and Egyptian resort Sharm el-Sheikh

The first direct flight between the Israeli coastal city of Tel Aviv and Egypt's Red Sea resort of Sharm el-Sheikh...
  • Flight 5193, operated by El-Al subsidiary Sun d'Or, departed Ben Gurion International Airport at 0715 GMT, the carrier said in a statement.
  • Direct flights have long been in operation between Tel Aviv and Cairo, since Egypt in 1979 became the first Arab country to sign a peace accord with Israel.

10 Palestinians injured in Al-Aqsa mosque clashes

Clashes between Palestinian demonstrators and Israeli police wounded ten protesters on Sunday morning in and around Jerusalem's flashpoint Al-Aqsa Mosque...
  • Early on Sunday morning, "hundreds" of Palestinian demonstrators started gathering piles of stones, shortly before the arrival of Jewish visitors to the site, the police said
  • Jews are allowed at certain times to visit -- but not to pray -- at the site, also known as Temple Mount, the holiest place in Judaism and third-holiest in Islam

Russians flee Putin regime to join Ukraine refugees in Israel

The wave of immigration from Ukraine and Russia over the past seven weeks is the largest Israel has seen since...
  • Around 24,000 Ukrainians have taken refuge in Israel since Russian President Vladimir Putin invaded Ukraine on February 24
  • Israel's Law of Return grants citizenship to anyone with at least one Jewish grandparent; thousands in Russia and Ukraine meet this criterion

Saudi Arabia wants political solution to Russia-Ukraine conflict

Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.
  • Russian troops entered Ukraine on February 24 to conduct what President Vladimir Putin said was a ‘special operation’
  • Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva

Tunisia works to contain diesel spill after cargo ship sinks

The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...
  • Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
  • Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

Russia hits Kyiv missile factory after flagship sunk

Russia pounded a Ukrainian rocket factory following the sinking of its Black Sea flagship, as President Volodymyr Zelensky said his...
  • Russia said it had used sea-based long-range missiles to hit the plant, which Ukraine's state weapons manufacturer says produced Neptune cruise missiles
  • The Moskva had been leading Russia's naval effort in the seven-week conflict, and the fate of its crew of more than 500 was uncertain

Iran Guards say ship smuggling fuel seized in Gulf, 7 arrests

Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members,...
  • The incident comes in the wake of a wave of seizures of vessels in the sea lanes serving the Gulf, where a large portion of the world's oil is produced and shipped.
  • Last week, Iran announced its seizure of a foreign boat carrying over 220,000 liters of smuggled fuel and the arrest of its 11 crew members, without giving further details.

Trump’s state visit to Britain set for September 17 to 19: palace

US President Donald Trump's second state visit to the United Kingdom will be between September 17 to 19, Buckingham Palace...

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Blinken heads to Egypt to seek ‘enduring end’ to Gaza war

Palestinian Territories - US Secretary of State Antony Blinken was due to fly to Egypt on Tuesday as part of...

China, Russia blame US for stoking Middle East tensions

The US forces targeted many positions in Syria and Iraq in retaliation for a drone attack on a base in...

WW3 may begin before US President Biden’s term ends, Trump says

NEW YORK, US - World War III may break out before US President Joe Biden leaves office, former US president...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Spain to increase UNRWA funding after donors suspend aid

MADRID, SPAIN -  Spain said on Monday that it would give an additional US$$3.8 million (3.5 million euros) in aid to...
  • Over a dozen countries, including the US, Germany, Britain and Sweden, have suspended their funding to UNRWA.
  • There are accusations that 12 UNRWA staff members were involved in the October 7 attacks in Israel by Hamas.

Investment in Qatar free zones reaches US$1.3bn, says QFZ chairman 

DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed...
  • The QFZ chairman held a meeting with a delegation led by First Vice-Chairman of Qatar Chamber Mohamed bin Ahmed bin Twar Al Kuwari.
  • The delegation paid a field tour to the Ras Bufontas Free Zone to explore the investment benefits and business opportunities within the free zones.

Gaza situation ‘indescribable’ as Blinken starts another Mideast tour

On his fifth trip to the region since the war broke out, Blinken will visit Saudi Arabia, Israel and mediators...
  • At least 128 people were killed in Israeli strikes overnight to Monday, according to the health ministry in the Hamas-ruled territory.
  • UN chief Antonio Guterres announced the creation of a panel to assess UNRWA and "whether the agency is doing everything within its power to ensure neutrality".