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

Saudi Arabia offers to mediate between Russia and Ukraine

Prince Mohammed bin Salman called for a "political solution" after the Russian invasion and also reiterated his support for the...
  • Arab countries in the Gulf, including Saudi Arabia, have mostly refrained from criticizing the invasion by Russia
  • On Wednesday, however, they voted for a UN General Assembly resolution urging Russia to withdraw from Ukraine

US says Iran nuclear deal ‘close’ but not certain

Negotiators meeting in Vienna to try and salvage the 2015 nuclear deal, which is meant to prevent Tehran from acquiring...
  • The agreement was between Iran on one side and Germany, China, the United States, France, Britain, and Russia on the other
  • It unraveled when former US president Donald Trump, with Israeli encouragement, unilaterally withdrew from it in 2018

Fire at Ukrainian nuclear plant after Russian forces attack

Russian troops attacked Europe's largest nuclear plant on Friday, starting a fire at the Ukrainian facility, with the country's leader...
  • President Volodymr Zelensky accused Moscow of trying to "repeat" the Chernobyl nuclear disaster
  • Images on a live feed from the site earlier showed blasts lighting up the night sky and sending up plumes of smoke

Israel could be ‘potential ally’ for Saudi Arabia: Crown Prince

Saudi Crown Prince Mohammed bin Salman has said Israel could be a "potential ally" of Riyadh, in remarks published Thursday....
  • Saudi Arabia does not have diplomatic relations with Israel.
  • But in 2020 two of its main Gulf allies -- Bahrain and the UAE -- normalized ties with Israel, becoming the third and fourth Arab states to do so after Egypt and Jordan.

France says worst yet to come in Russia-Ukraine conflict

France on Thursday expressed fear that the worst phase of Russia's war on Ukraine could be yet to start, with...
  • France Foreign Minister said that Ukraine's resistance against Russian invasion could lead to cities being targeted
  • The minister warned Kharkiv in the east, Mariupol in the south and Kyiv itself were at risk of encirclement by Russia

Libya PM-in-waiting accuses rival of blocking swearing-in

The Libyan parliament's pick for prime minister has accused his rival in Tripoli of blocking ministers-in-waiting from traveling to the...
  • Former interior minister Fathi Bashagha was appointed last month by the war-torn country's parliament in the eastern city of Tobruk
  • Libya's parliament has been based in the eastern city of Tobruk, hundreds of miles (kilometers) east of Tripoli, since an east-west schism in 2014

UAE and US are facing a stress test: Ambassador Yousef al-Otaiba

The UAE and the US are facing a "stress test" in their relationship, a senior Emirati diplomat said Thursday, as...
  • Yousef al-Otaiba, the UAE ambassador to the US, was speaking days after it abstained in a UN Security Council vote on a resolution demanding a Russian withdrawal from Ukraine
  • The UAE, which currently holds the UN Security Council presidency, on Friday abstained from voting on a US-Albanian draft resolution condemning Russia's invasion of Ukraine

Biden to hold virtual summit with Japan, Australia, India leaders Thursday: Delhi

The statement from India's foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir...
  • The statement from India's foreign ministry came a day after Indian Prime Minister Narendra Modi spoke to Russian President Vladimir Putin
  • The grouping is seen as a bulwark against China, and there have been concerns in India and elsewhere that the Ukraine crisis would distract Washington from the region

Russian forces capture Ukrainian city of Kherson

"The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional...
  • "The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram
  • The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres

UN General Assembly demands Russia withdraw from Ukraine

The UN General Assembly on Wednesday overwhelmingly adopted a resolution that "demands" Russia "immediately" withdraw from Ukraine, in a powerful...
  • "The world is rejecting Russia’s lies," US President Joe Biden said in a statement later Wednesday
  • China was among the 35 countries which abstained, while just five -- Eritrea, North Korea, Syria, Belarus and of course Russia -- voted against it

Settlers and Palestinians clash in West Bank village

Sinjil, Palestinian Territories - Dozens of Israeli settlers and Palestinians clashed Friday in the occupied West Bank village of Sinjil,...

Company News

Latest News

Libya requires $1.8bn to rebuild flood-devastated areas, says report

TRIPOLI, LIBYA - The flood that devastated Libya's eastern port city of Derna last year has impacted up to 1.5 million...

UN says Israel army orders Gazans to leave shelter hit by tank fire

"The army called the UNRWA official through the loudspeaker, she went over to them next to the tanks, and they...

UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official

HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

ECB to urge patience on rate cuts in battle against inflation

The central bank is tipped to leave rates unchanged for a third consecutive meeting, keeping the benchmark deposit rate at...
  • Frankfurt institute launched an unprecedented rate hiking cycle in mid-2022
  • ECB watchers will be more interested in president Christine Lagarde's press conference

Clean energy largest driver of Chinese GDP growth in 2023: report

China is the world's biggest emitter of greenhouse gases driving climate change, but it is also the top producer of...
  • Investment in "clean-energy" sectors accounted for 40 percent of China's GDP expansion last year, researchers at the Finland-based CREA said
  • The researchers examined investment in solar power, electric vehicles, energy efficiency, railways, energy storage, electricity grids, wind, nuclear and hydropower

Fighting focuses on Gaza’s Khan Yunis after deadly shelling hits UN shelter

The deadly incident came after the Israeli army said it had encircled the city, where footage released by the military...
  • Wednesday's attack on the UN shelter for displaced people saw the site hit by two tank rounds, killing nine and injuring 75, said Thomas White, the Gaza head of UNRWA
  • US condemned the attack, with State Department spokesman Vedant Patel saying "civilians must be protected and the protected nature of UN facilities must be respected