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

Facebook allows calls for violence against ‘Russian invaders’

Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...
  • Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.
  • The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

Saudi Arabia rescued 2 US women from Houthi rebels in Yemen

The women were evacuated to the Saudi capital Riyadh, where they were met by US officials and received health checks.
  • The young women were ‘mistreated and had restrictions imposed on their movements’
  • They were visiting relatives in Sanaa, which was seized by Iran-backed Houthi rebels in 2014

IMF expects to cut global growth forecast due to Ukraine war

The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...
  • Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy
  • These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said

Russia, Ukraine fail to make progress at ‘difficult’ Turkey talks

Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire and other humanitarian issues at the first...
  • Kuleba said "no progress" had been achieved on even a 24-hour ceasefire, expressing frustration that "it seems that there are other decision-makers for this matter in Russia."
  • He also repeated his vow that the country will not give in, saying "I want to repeat that Ukraine has not surrendered, does not surrender, and will not surrender."

Iran says US made ‘new demands’ in nuclear talks

Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return...
  • Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic programme
  • Iran's supreme leader Ayatollah Ali Khamenei, who has the final say in major state policies, meanwhile, stressed his country will not give up on elements of "national strength"

UAE reaffirms commitment to OPEC+ pact, production adjustments

The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it...
  • A surge in prices and supply fears following Russia's invasion of Ukraine have led to calls for the Organization of the Petroleum Exporting Countries to increase output.
  • The OPEC+ group plans to boost production by just 400,000 barrels a day in April, the same pace as in recent months.

UN tribunal convicts two in 2005 killing of former Lebanon PM Hariri

A UN-backed tribunal on Thursday found two Hezbollah members guilty on appeal for the 2005 death of former Lebanese prime...
  • Appeals judges at the Netherlands-based court said trial judges "erred" in 2020 by acquitting the two men---Hassan Habib Merhi and Hussein Oneissi.
  • Hassan Nasrallah, the head of the Hezbollah movement, refused to hand over any of the suspects or to recognize the UN-backed court.

Iran blames US for working to ‘complicate’ nuclear talks

Iran on Thursday accused the United States of working to "complicate" efforts to restore a 2015 nuclear deal, after new...
  • It came on the day Iran's supreme leader Ayatollah Ali Khamenei stressed that his country will not give up on elements of "national strength"
  • Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic program

Russia accuses US of funding biological weapons research in Ukraine

Russia on Thursday accused the US of funding research into the development of biological weapons in Ukraine, as Moscow stepped...
  • Russian defense ministry said that "the purpose of this was to establish a mechanism for the stealthy spread of deadly pathogens
  • Both Washington and Kyiv have denied the existence of laboratories intended to produce biological weapons in the country

Ukraine war affects green energy transition

The EU, IEA, and NGOs stress that the development of renewable energy sources and biogas must be accelerated.
  • The global demand for the dirty fossil fuel reached a historic high in 2021 as several countries including China prefer it to pricier gas
  • Some countries could burn coal for longer, using it to transition to renewable energy sources without passing through a gas-power phase

Netanyahu says Trump meeting could ‘advance’ Gaza ceasefire deal ahead of Doha talks

Speaking before boarding Israel's state jet bound for Washington, Netanyahu said: "We are working to achieve this deal that we...

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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...

UN chief asks donors for ‘continuity’ in Gaza agency operations

The row between Israel and UNRWA follows the UN's ICJ ruling that Israel must prevent possible acts of genocide in...

Israel to stop UN agency’s activities in Gaza after war

Israeli Foreign Minister Israel Katz called on UNRWA Commissioner-General to quit his post. Katz said in a statement that the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US troops destroy Houthi’s anti-ship missile in Yemen

US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire, hours after the Iran-backed...
  • The US has also carried out a series of unilateral air raids, but the Houthis have vowed to continue their attacks.
  • The Houthis' Al-Masirah television said the US and the UK launched two air strikes on the port of Ras Issa in Yemen's Hodeida province.

UK expresses concern over UN court decision on Gaza

The British government said it had "considerable concerns" about a ruling by the United Nation's top court that Israel should...
  • "Israel has the right to defend itself against Hamas in line with IHL (international humanitarian law)," the British spokesperson said.
  • The Foreign Office, however, added that it welcomed the ICJ's call for the immediate release of hostages and to get more aid into Gaza.

Baghdad, Washington to discuss removal of foreign troops from Iraq

Baghdad, Iraq - Iraq and the United States on Saturday held a "first round" of talks on the future of American...
  • Washington had said that it had agreed with Baghdad on the launch of "expert working groups of military and defense professionals".
  • The talks, planned for months, come at a time of heightened tensions in Iraq and the region linked to the war between Israel and Hamas.