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

Qatar FM leaves for Moscow to talk Iran nuclear deal, Ukraine

Qatar's foreign minister headed for Moscow on Sunday for talks on Russia's obstruction of a new Iran nuclear deal and...
  • Sheikh Mohammed bin Abdulrahman Al-Thani was to meet Russia's Foreign Minister Sergei Lavrov and other top officials on Monday
  • Qatar, a neighbor of Iran with close ties to Washington, has been stepping up efforts to encourage the United States and Iran to move towards a new deal

Inside Germany’s secret Cold War cash bunker

During the Cold War, the German central bank stashed away almost 15 bn marks' worth of an emergency currency in...
  • A closely guarded state secret, the currency was codenamed "BBK II" and intended for use if Germany was the target of an attack on its monetary system.
  • After the Cold War, the bunker passed into the hands of a regional cooperative bank and then a real estate fund. In 2016, it was bought by German couple.

Iran hits Israeli ‘strategic center’ in Iraq’s Arbil with missiles

Iran claimed responsibility for a missile strike Sunday on the northern Iraqi city of Arbil, saying it targeted an Israeli...
  • There was no immediate reaction from Israel to Sunday's missile attack and Kurdish authorities insisted that the Jewish state has no sites in or anywhere near Arbil
  • Kurdish authorities said the target of the attack was the Arbil consulate of the United States

Palestinian National Authority urges EU to resume financial support

Palestinian National Authority has urged the European Union to overcome technical and other obstacles and resume financial support for the...
  • Minister of Foreign Affairs and Expatriates Riyad Malki stressed the importance of financial aid in providing basic necessities to Palestinian people.
  • European Union affirmed the importance of continuing joint cooperation between the European Union and Palestine.

Jordan to receive $1.65bn in US aid in 2022

Jordan has seen several factors affect its economy, such as the conditions brought on by the Covid-19 and the Syrian...
  • The US Congress has approved a new aid package for Jordan for 2022, estimated at $1.65 billion
  • The aid is expected to support Jordan’s development and reform programs during 2022

Ballistic missiles from outside target Arbil in Iraq

US interests and coalition troops in Iraq have regularly been targeted in rocket and armed drone attacks. They have never...
  • Kurdistan Prime Minister and US state department have condemned the attack, which did not lead to any casualty
  • A news channel channel has posted photos on social media showing its damaged offices, with a collapsed false ceiling and broken glass

Rising food prices shake North Africa as Ukraine war rages

Tunisia, Morocco, and Libya, along with several other Arab countries, import much of their wheat from Ukraine and Russia.
  • Tunisia imports almost half of the wheat used to make bread from Ukraine, and authorities say it has enough supplies to last three months
  • Oil-rich Libya gets about 75 percent of its wheat from Russia and Ukraine, and Morocco too relies heavily on the same source for supplies

Russia bears down on Ukraine as talks signal progress

As Russia continues to attack cities across Ukraine in general and Kyiv in particular, talks between the two countries are...
  • Mayor Vitali Klitschko said Kyiv, described by a senior Ukrainian official as a ‘city under siege’, was reinforcing defenses and stockpiling food and medicine
  • Buses were continuing to bring refugees into the city from the hard-hit suburbs, Klitschko said in a video message, adding: ‘We will not give up’

Saudi Arabia executes 81 in a single day over terrorism

Saudi Arabia said Saturday it executed 81 people in one day on a variety of terrorism-related offenses, exceeding the total...
  • All had been "found guilty of committing multiple heinous crimes", the official Saudi Press Agency (SPA) reported
  • SPA said all those executed were tried in Saudi courts, with trials overseen by 13 judges over three separate stages for each individual

Iran mocks US failure to stop exports of oil cargo

Iran said that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject...
  • The comments by Iran's oil minister, Jawad Owji, came after US court documents showed the United States had seized the cargo of two tankers accused of carrying Iranian crude
  • The United States had previously issued a number of warrants to seize the cargo of tankers carrying Iranian oil to different countries

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...

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Oil rises on fresh Middle East fears after attack on US base

"The news of three US troops being killed by a drone attack, and President Biden saying 'we shall respond', will...

Dubai RTA awards US$95m contract to upgrade ticketing system   

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...

US, Egypt, Qatar and Israel officials in Paris talks for Gaza ceasefire

French authorities were also in touch with these four countries with the aim of negotiating a halt to hostilities between...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkey earthquake survivors seek justice one year on

The disaster, which killed more than 50,000 people in all, was Turkey's deadliest in many centuries. President Recep Tayyip Erdogan...
  • More than 200 contractors and developers were arrested in the immediate aftermath of the quake, some tried to flee abroad and were detained at Istanbul airports
  • But lawyers representing victims' families fear that numerous contractors may escape blame because much of incriminating evidence disappeared when bulldozers cleared the debris

Trump stokes opposition to Biden border plan

With immigration one of the hottest electoral issues in what increasingly looks like a Trump-Biden rematch for the White House,...
  • Joe Biden threw his weight behind the proposed bill on Saturday
  • Donald Trump has instead continued to castigate Biden over "open borders"

Iran puts three satellites simultaneously into orbit

Western governments including the United States have repeatedly warned Iran against such launches, saying the same technology can be used...
  • The Mahda satellite, which weighs around 32 kilograms and was developed by Iran's Space Agency, is designed to test advanced satellite subsystems
  • The other two, Kayhan 2 and Hatef, weigh under 10 kilograms each and are aimed to test space-based positioning technology and narrowband communication