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

Vaccine supply outstrips demand, inequity remains

Many richer nations are now approaching oversupply. European Union and G7 countries had a surplus of 497 million doses at...
  • More than 13 billion doses have been produced since the pandemic, 11 billion of which have been administered.
  • Countries like South Africa and India have long called for the WTO to suspend intellectual property rights for vaccines and anti-Covid treatments, so they can boost production.

Iran buries second cleric killed in shrine stabbing attack

Iran on Friday buried a second Shiite Muslim cleric killed in a suspected jihadist attack at a revered shrine in...
  • Sadegh Darai, a middle-ranking cleric, died Thursday from wounds sustained in the stabbing attack earlier this week in Mashhad, Iran's second-largest city
  • Another cleric, Mohammad Aslani, also died in the knife attack, while a third, Mohsen Pakdaman, is in a stable condition in hospital

EU approves Russia coal embargo, proposes more arms to Ukraine

The European Union on Thursday said it had approved an embargo on Russian coal and the closing of the bloc's...
  • That package also includes a 10 billion euro ($10.9 billion) ban on exports to Russia, including high-tech goods, and the freezing of several Russian banks' assets
  • The EU also backed a proposal to boost its funding of arms supplies to Ukraine by 500 million euros, taking it to a total of 1.5 billion euros

Spain’s Sanchez visits Morocco as tensions ease

The move came after Madrid reversed decades of neutrality on the Western Sahara conflict in a U-turn that has angered...
  • Morocco lays claim to the Western Sahara as an integral part of it and sees it as a sensitive issue of security and national pride
  • The desert territory boasts rich Atlantic fishing waters, phosphate resources and a route to lucrative markets in West Africa

Yemen president cedes powers to council as ceasefire holds

Houthi spokesman Mohammed Abdulsalam dismissed the move by President Abedrabbo Mansour Hadi as ‘a desperate attempt to rearrange the ranks...
  • A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis
  • The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory

Saudi sending envoy to Lebanon after Yemen war spat: State media

A diplomatic crisis broke out last October after the then-information minister George Kordahi was quoted criticizing the Saudi role in...
  • The diplomatic row, which has also seen Saudi Arabia ban the imports of Lebanese goods, was a blow to a country already in the grip of economic crisis.
  • We stress the fact that Lebanon is proud of its Arab allegiance and is adamant on maintaining the best ties with Gulf nations, PM Najib Mikati tweeted.

IMF reaches agreement on $3 billion deal for Lebanon

The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020...
  • PM Najib Mikati said the deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global finance map".
  • The aid would be released only after the parliament in Beirut approves a 2022 budget and a new bank secrecy law to fight corruption.

EU court rules in favor of Mubarak family on assets freeze

The European Court of Justice ruled Wednesday in favor of the family of late Egyptian president Hosni Mubarak and confirmed...
  • The European Union had decided in March last year to end sanctions it had imposed on Mubarak, his wife, two sons and their wives.
  • The sanctions included a freeze on assets held in the EU and a ban on any citizens or entities from the 27-nation bloc making funding available to those on the blacklist.

Dangerous stray dogs pose culling dilemma in North African cities

Authorities opened an inquest Friday into the death of a 16-year-old girl after she was mauled as she walked to...
  • A similar tragedy struck in neighboring Algeria last month, when a 12-year-old was killed and half-eaten by dogs in the Blida area.
  • Many stray dogs in the Maghreb region pose an additional threat: rabies, a virus that attacks the central nervous system and leads to a painful death.

Civilians try to flee east Ukraine as Russia prepares attack

More than 11 million people in Ukraine have been displaced since Russia invaded on February 24, aiming to seize the...
  • Russian troops have been withdrawing from around the capital and Ukraine's north, leaving a trail of destruction behind them
  • The scenes of carnage left behind by retreating troops in towns like Bucha have led to a wave of fresh sanctions against Moscow

Iran says cooperation with UN nuclear watchdog will take ‘new form’

Iran has blamed the IAEA in part for the June attacks on its nuclear facilities, which Israel says it launched...

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Jordan’s EMRC grants approvals for EV charging infrastructure

AMMAN, JORDAN - The Energy and Minerals Regulatory Commission (EMRC) has issued over 300 authorizations for the installation of electrical...

Parisians vote in anti-SUV parking and pollution referendum

Paris, France -- Parisians were voting on Sunday in a referendum on tripling parking costs for hefty SUV-style cars, a campaign...

Number of visitors to Qatar rises 31.9 percent in December, says report

DOHA, QATAR - The total number of inbound visitors to the country reached about 519 thousand in December 2023, recording...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkey commemorates last year’s deadly earthquake

ISTANBUL, TURKEY - Turkey on Tuesday holds pre-dawn vigils for the loss of more than 50,000 people -- and parts of...
  • Grieving Turks are still coming to terms with how a 7.8-magnitude tremor could upturn the lives of millions of people in a matter of seconds.
  • An updated toll released on Friday showed that 53,537 people had died across 11 southeastern provinces officially designated as the disaster zone.

Houthis vow response after US, UK strike dozens of Yemen targets

Saturday's strikes hit "36 Houthi targets across 13 locations in Yemen in response to the Houthis' continued attacks against international and commercial shipping...
  • The joint air raids in Yemen late Saturday followed a separate wave of unilateral American strikes against Iran-linked targets in Iraq and Syria
  • It is the third time that British and American forces have jointly targeted the Houthis, whose attacks in solidarity with Palestinians have disrupted global trade

Tunisia’s Jabeur supports Saudi Arabia after criticism from tennis greats

Abu Dhabi, United Arab Emirates--Tunisian tennis star Ons Jabeur on Saturday threw her support behind the potential staging of the WTA...
  • She applauded the response of Saudi envoy to the US to criticism from two women tennis stars of the WTA's possible deal with the kingdom
  • Jabeur said that it will be amazing to see not just women but also men to be inspired and that it is very important to support Saudi Arabia's bid