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

Japan presses UAE to pump more oil as Ukraine war spikes prices

The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by...
  • The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister
  • British Prime Minister Boris Johnson also flew to the UAE and Saudi Arabia to push for more oil this week in a bid to ease prices of over $100 a barrel

Germany to ‘fast-track’ gas terminals as part of Qatar deal

Germany has committed to "fast track" the construction of two liquefied natural gas terminals as part of a new long-term...
  • Economic Affairs Minister Robert Habeck secured the accord during talks in Doha with its emir and energy minister
  • European states have been forced to turn to Qatar in recent months as they seek an LNG alternative to Russian gas in the wake of Moscow's invasion of Ukraine

Gulf treads humanitarian path on Ukraine crisis

Most Gulf Cooperation Council countries took no maximalist position on the conflict and stressed on a diplomatic approach for its...
  • Saudi Arabia recently extended tourist and business visas of Ukrainian citizens without fees or fines for humanitarian considerations.
  • Russia has been slapped with unprecedently harsh economic sanctions after the invasion of Ukraine.

UAE paves way for the return of Bashar al-Assad to Arab fold

A surprise visit by Syria's Bashar al-Assad to the oil-rich United Arab Emirates opens the door to his isolated regime's...
  • Assad and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan discussed the "fraternal relations" between the two countries
  • In recent years Abu Dhabi has led an Arab overture to Damascus as the Assad regime has consolidated power

More sanctions: Australia bans alumina and bauxite exports to Russia

Australia announced more sanctions against Russia over the invasion of Ukraine Sunday, immediately banning all exports of alumina and bauxite...
  • The export ban aims to impact aluminum production in Russia, which relies on Australia for 20 percent of its alumina.
  • Australia would donate 70,000 tons of thermal coal to Ukraine, following a request from the besieged nation.

Saudi Arabia, UK sign MoU for peaceful use of outer space

SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU with the UK’s Minister of State for Business,...
  • SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU on behalf of Saudi Arabia
  • The UK’s Minister of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng signed the deal for his country

Ukraine urges China to condemn Russia attack

Russia's claim on Saturday to have unleashed its new hypersonic Kinzhal missile would mark a new escalation of its campaign...
  • In a fresh setback, Ukraine officials admitted they had ‘temporarily’ lost access to the Sea of Azov
  • However, Russia has effectively controlled the coastline for weeks after surrounding Mariupol

Houthi attack on Aramco facility in Saudi Arabia

The latest attack comes after an oil refinery in Riyadh was targeted on March 10 by a drone, an operation...
  • The Saudi-led military coalition has reported that four drones were launched by Houthi rebels into Saudi Arabia, but no casualty has been reported
  • The Houthi rebels have rejected talks — scheduled for March 29 in Riyadh — with GCC nations on the Yemen conflict

US says ‘troubled’ by Assad visit to ally UAE

Assad's surprise trip on Friday was his first official visit to an Arab country since civil war erupted in his...
  • On Friday, Assad and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan discussed the ‘fraternal relations’ between the two countries
  • Talks also centered on efforts to ‘contribute to the consolidation of security, stability and peace in the Arab region and the Middle East’

Arab Parliament hails EU decision to sanction Houthi group

The Arab Parliament (AP) welcomed the decision by the Council of the European Union to include the Houthi terrorist militia...
  • The Council’s amended regulation follows the recent UN Security Resolution which designates Houthis a terrorist group for the first time
  • The Arab Parliament affirmed that this decision is an important step to put an end to the terrorist acts carried out by the Houthi coup militia

AI needs to be smaller, reduce energy footprint: UNESCO study

Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...

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Kuwait’s new emir makes first foreign trip to Saudi

Crown Prince Mohammed bin Salman, the 38-year-old de facto ruler of Saudi Arabia, greeted Sheikh Meshal at the airport in...

Former Pakistan PM Imran Khan handed 10-year prison term

Islamabad, Pakistan - Former Pakistan prime minister Imran Khan was sentenced on Tuesday to 10 years in prison, less than two...

Israeli strikes on Gaza continue as mediators push for new truce

Heavy Israeli strikes and urban combat across the besieged Gaza Strip killed 128 more people overnight, the health ministry in...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Canada revokes ban on military exports to Turkey

Canada will now require that Turkish importers provide assurances about the weapons' use as well as a government statement "clearly...
  • Permits for military items and certain types of weapons destined for Turkey "will now be reviewed on a case-by-case basis," the Canadian government said
  • The export ban affected some 30 permits, and applied to a wide variety of military goods and technologies including components for the production of aircraft

Israel troops to ‘go into action’ soon at Lebanon border: minister

Since the outbreak of war between Hamas and Israel on October 7, the Lebanese-Israeli border has seen near-daily exchanges of...
  • Israel's army chief Herzi Halevi said earlier this month that the likelihood of war on the northern border has become "much higher"
  • Gallant said Monday that Gaza fighters were running out of supplies and ammunition, but that the war against Hamas "will take months"

UN chief to meet donor nations after UNRWA accusations

Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the...
  • UNRWA said it acted promptly over allegations but that cuts in funding will affect ordinary Palestinians
  • In Gaza people said the support they received from the agency amounted to a lifeline