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

US to send ‘more weapons’ to Ukraine, after last week’s halt to shipments: Trump

US President Donald Trump said Monday the United States will send additional weapons to Ukraine, after the White House announced...

Geostrategy

Pro-Kurdish MPs to meet Erdogan after Ocalan talks

Lawmakers from the pro-Kurdish DEM party were to meet Turkish President Recep Tayyip Erdogan on Monday for talks described by...

Geostrategy
Business

OPEC Fund approves $233 million for development projects

The grants were approved at the 179th session of OFID’s Governing Board in Vienna.
  • The projects will reportedly, among other things, support economic recovery, help bring up new infrastructure, and boost food security
  • Overall, they are expected to benefit public-sector projects and promote sustainable development around the world
Geostrategy

Russia strikes near Lviv airport as bombardment expands across Ukraine

Twenty-four hours after Mariupol's once-gleaming whitewashed theatre was hollowed out by a Russian strike, the number of dead, injured or...
  • Twenty-four hours after Mariupol's once-gleaming whitewashed theatre was hollowed out by a Russian strike, the number of dead, injured or trapped is still unclear
  • Ukraine's ombudswoman Lyudmyla Denisova said a bombshelter in the building had survived the impact, and some "adults and children" had emerged alive
Geostrategy

UAE calls on international community to pressure Houthis to stop transgressions

UAE lauded the UN Security Council's decision to list the Houthi militias as a terrorist organisation.
  • UAE lauded the UN Security Council's decision to list the Houthi militias as a terrorist organisation
  • The country said it supports the UN's efforts to provide basic needs of the Yemeni people
Geostrategy

UAE foreign affairs minister stresses peaceful resolution of Ukraine conflict

The ministers of UAE and Russia discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership...
  • Sheikh Abdullah bin Zayed Al Nahyan met Russian foreign minister Sergey Lavrov in Moscow and discussed challenges concerning security and stability in the MENA region.
  • Al Nahyan also expressed the UAE's deep concern over the humanitarian impact of the conflict on civilians.
Geostrategy

Lebanon judge arrests central bank governor Riad Salameh’s brother

A Lebanese judge on Thursday arrested the brother of Central Bank governor Riad Salameh, both of whom are suspected of...
  • Central Bank governor Riad Salameh is widely blamed for policies that have hurt Lebanon's economy, both he and his brother have also been accused of embezzling money.
  • Judge Ghada Aoun referred Raja Salameh to a judge to probe the brothers on charges of 'money laundering, embezzlement, illicit enrichment and smuggling large amounts of money'.
Geostrategy

Tunisians snub online poll on reforms as inflation and unemployment bite

The online questionnaire was launched in January, more than half a year after President Kais Saied sacked the government, froze...
  • The results are to be presented to a committee of experts -- hand-picked by Saied -- who will then draft a new constitution ahead of a referendum in July.
  • But with just days to go until the portal closes on Sunday evening, only 412,000 people -- under six percent of the seven-million-strong electorate -- had taken part.
Geostrategy

COVID cases increasing once again, especially in parts of Asia: WHO

After several weeks of declines, reported cases of COVID-19 are once again increasing globally, especially in parts of Asia, WHO...
  •  In the past week, the agency has seen an 8 per cent increase in detection of COVID-19 cases, with more than 11 million positive test results.
  • In the last 30 days of more than 400,000 sequences sampled, 99.9 percent are Omicron, and 75 percent correspond to the BA.2 variant..
Geostrategy

Yemen war turns nature reserve back into waste dump

The ticket office has been abandoned at the entrance to the 19-hectare (47-acre) site in Yemen's southern city of Aden.
  • The ticket office has been abandoned at the entrance to the 19-hectare (47-acre) site in Yemen's southern city of Aden
  • What was long a haven for flamingos and other migratory birds is now swarmed by crows
Geostrategy

UAE cargo ship sinks off Iran, all but one crew rescued

An Emirati cargo ship sank in Gulf waters off Iran, triggering a search and rescue operation in heavy seas Thursday...
  • State media reported that the vessel -- a car transporter -- had capsized in heavy winds off the Iranian port of Asalouyeh.
  • The search was continuing for the final missing crew member with two rescue vessels combing the waters.
Geostrategy

KSA, Egypt ink draft pact for PIF investment in Egypt

The two sides stressed that this agreement based on the close historical ties that unite Saudi Arabia and the Arab...
  • The two sides stressed that this agreement based on the close historical ties that unite Saudi Arabia and the Arab Republic of Egypt
  • With this agreement, the two countries will have easy access to procedures for investing in Egypt through fund public investments

US to send ‘more weapons’ to Ukraine, after last week’s halt to shipments: Trump

US President Donald Trump said Monday the United States will send additional weapons to Ukraine, after the White House announced...
Geostrategy

Company News

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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...
Geostrategy

Qatar says Gaza truce proposal to be sent to Hamas as war rages on

Sheikh Mohammed confirmed that the framework -- which he said might lead to a permanent ceasefire -- includes a phased...

Saudi envoy to US deplores Western media criticism of women rights in kingdom

Washington D.C., US--– Saudi Arabia's ambassador to the US, Reema Bandar Al-Saud, has expressed disappointment with recent media criticism of...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

Two million people may die in Gaza without world’s help: Turkish foreign minister

Ankara, Turkey - Turkish Foreign Minister Hakan Fidan on Monday expressed serious apprehensions about the escalating situation in the Gaza...
  • Hakan Fidan described the current events as "a tragedy on another scale" and emphasized the need for prompt preventive measures
  • If people in Gaza also begin to die of hunger and disease, it will become a great moral burden that the world will not be able to bear, he said
Geostrategy

Israeli troops bulldoze, desecrate Palestinian graves in Gaza

Palestinian Territories - Even the dead are not spared by the Hamas-Israel war raging in Gaza, with bodies dug up...
  • In Gaza City's Al-Tuffah district, shrouded corpses of Palestinians torn from their graves lay atop muddied earth.
  • Israel's military had bulldozed the site and exhumed bodies, according to an AFP photographer who visited it.
Geostrategy

Residents of Gaza lament suspension of UN agency funding

Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...
  • Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the agency.
  • In Rafah, where 1.5 million displaced people have taken refuge, Gazans said that the support they received from the agency amounted to a lifeline.