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

Tunisia facing major structural challenges, weak growth, social inequity: IMF

Tunisia is facing major structural challenges that result in deep macroeconomic disequilibria, a weak growth in spite of its strong...
  • The impact of the pandemic and the war in Ukraine are now adding to these structural challenges, an IMF mission that visited the country said.
  • Initiatives aimed at enhancing competition and the business climate are also critical to unlock the country’s potential growth and job creation, IMF said.

Sudan’s de-facto leader Burhan in first post-coup visit to Egypt

Sudan's de facto leader General Abdel Fattah al-Burhan on Wednesday started his first official visit to Egypt since last year's...
  • Sudan has been reeling from political turmoil since Burhan led an October 25 military coup which drew international condemnation and sparked aid cuts.
  • At least 92 people have been killed in a crackdown on anti-coup protests since October, according to medics.

Dubai summit highlights future to governments

This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of...
  • The summit’s topics focused on policies that drive progress and government development, sustainability, and future technology
  • The Investopia Summit was launched as part of the WGS 2022 to improve global economic and investment sectors

Russia says will scale down Kyiv offensive; Ukraine, West sckeptical

Vladimir Putin’s pledge to scale down military activity was met with skepticism in Ukraine and Western capitals, with the Pentagon...
  • Russia and Ukraine called talks in Istanbul ‘meaningful’ and ‘positive’, in sharp contrast to previous rounds
  • This raised hopes after more than a month of war in Ukraine that has killed thousands and displaced millions

Muslims face frugal Ramadan as Ukraine war drives up food prices

Russia's Ukraine invasion, which has already exacerbated food woes in parts of Africa and the Middle East, is marring preparations...
  • Russia and Ukraine account for a huge share of the globe's exports in several major commodities such as wheat, vegetable oil and corn
  • The disruption in export flows resulting from Russia's invasion and international sanctions has spurred fears of a global hunger crisis

Israeli leaders visit Jordan to seek calm ahead of Ramadan

Jordan king called on Gantz to "lift all obstacles that could prevent (Muslims) from performing prayers" at Al-Aqsa.
  • Jordan king called on Gantz to "lift all obstacles that could prevent (Muslims) from performing prayers" at Al-Aqsa
  • Israeli President Isaac Herzog is also due to visit Amman on Wednesday

Blinken in Morocco for security talks, meets UAE leader

Blinken also said he was "encouraging partners to speak out against Russian aggression" and said he doubted Russia's "seriousness" in...
  • Blinken also said he was "encouraging partners to speak out against Russian aggression" and said he doubted Russia's "seriousness" in talks with Ukraine held in Turkey
  • Washington's top diplomat had flown into Rabat late Monday from Israel where he met his counterparts from the UAE, Morocco, Bahrain and Egypt

Saudi-led coalition announces Yemen ceasefire amid peace talks

The Saudi-led coalition backing the Yemeni government against Huthi rebels in Yemen's conflict Tuesday announced a ceasefire from Wednesday morning...
  • The coalition's announcement comes after an official told AFP that Saudi Arabia was waiting for "serious steps" from Yemen's rebels on a potential prisoner swap
  • On Sunday, the Huthis said an agreement had been reached to free 1,400 of their fighters in exchange for 823 pro-government personnel, including 16 Saudis

Qatar to invest $5bn in Egypt, with an eye on offshore gas

The move is being seen as another sign of a growing rapprochement between the two countries following last year's restoration...
  • A Cairo statement said Qatar was to plough $5 billion in ‘investments and partnerships’ in Egypt, but did not give specifics
  • However, QatarEnergy announced an agreement with ExxonMobil to acquire a 40% interest in a gas exploration block off Egypt

Iran says Houthi ceasefire plan can end Yemen conflict

Iran offered its support on Tuesday for a ceasefire plan put forward by rebels it backs in Yemen's war, saying...
  • The Houthi rebels on Saturday announced the proposal and offered peace talks on condition Saudi Arabia stops its air strikes and blockade of Yemen and removes "foreign forces"
  • On Tuesday, Iran's foreign ministry spokesman Saeed Khatibzadeh said the Houthi "plan contained a strong message of determination to end the war"

Rebooted and ‘vulnerable’: Superman is back on screens

Paris, France - A rebooted Superman is flying into cinemas around the world this week, with critics mostly positive about...

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Yemeni Houthis claim missile strike on Israel

The attack was the latest in a series of drone and missile strikes launched by the Houthis since the start...

Ex-Amazon economist to head Turkey’s central bank

Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...

US retaliatory strikes hit Iran-linked targets in Syria, Iraq

"The United States does not seek conflict in the Middle East or anywhere else in the world. But let all...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iranian adviser among three killed in Israeli strikes on Syria

The targets included a site operated by Lebanese group Hezbollah on a road leading to the Sayyida Zeinab district and...
  • The Syrian Observatory for Human Rights said "three members of pro-Iran groups, including an Iranian and an Iraqi" were killed in "Israeli air strikes".
  • Iran's Mehr news agency said an Iranian adviser from the Islamic Revolutionary Guard Corps, Saeed Alidadi, was killed in the strikes

UN estimates at least 17,000 Gaza children separated from parents

"Each one has a heartbreaking story of loss and grief," said Jonathan Crickx, spokesman for the UN children's agency UNICEF...
  • Before the conflict erupted, UNICEF estimated that more than 500,000 children in the Gaza Strip needed mental health and psycho-social support.
  • Now it believes that "almost all children are in need" of such help -- more than one million children, said Jonathan Crickx, spokesman UNICEF in the Palestinian territories.

UAE signs pact to develop digital infrastructure in Greece  

ABU DHABI, UAE  - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
  • Data centers to be developed under this MoU can reach a total capacity of 500 megawatts.
  • The data center market in Greece has witnessed significant growth in the last few years.