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 or Russia? Ukraine crisis poses dilemma for wealthy Gulf

Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing...
  • On Friday, the UAE abstained along with China and India from a vote at the US Security Council demanding Moscow withdraw its troops
  • Russia as expected vetoed the resolution co-written by the US and Albania while 11 of the council's 15 members voted for it

African Nations forced to spend on climate adaptation: Study

The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts.
  • The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts
  • The threat is forcing nations to divert "already stretched" resources to climate self-defence, the report said

Jordan king is in UAE, to discuss bilateral cooperation

Crown Prince of Abu Dhabi led an entourage of high-profile officials to welcome king and queen upon their arrival at...
  • Crown Prince of Abu Dhabi led an entourage of high-profile officials to welcome king and queen upon their arrival at the Presidential Flight in Abu Dhabi
  • They were accorded a red carpet reception as the national anthems of the UAE and Jordan were played

Sanctions bore in on Russia over Ukraine invasion

On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and...
  • The first tranche will hit four Russian banks, cut off more than half of Russia's technology imports, and target several oligarchs
  • Energy giant Gazprom and 12 other major companies will be barred from raising capital in Western financial markets

Federation of Saudi Chambers signs deal to host UN Global Compact

The Federation of Saudi Chambers of Commerce signed an agreement to host the local network of the United Nations Global...
  • This pact affirms Federation's role in realizing the importance of corporate sustainability in implementing the programs and initiatives of Saudi Vision 2030.
  • It also covers the sustainable development goals of the UN through the Saudi private sector.

Russia says ready for talks if Ukraine ‘lays down arms’

Russian Foreign Minister Sergei Lavrov told a press conference in Moscow that Russian President Vladimir Putin "took the decision to...
  • The comment suggested that Moscow intends to overthrow the Ukrainian authorities with its invasion.
  • Lavrov denied Ukrainian claims that Russian forces had hit civilian infrastructure, despite widespread evidence of residential areas being damaged.

Iraq unveils restoration at ancient city ravaged by IS

Three monumental sculptures in the ancient city of Hatra were restored after being vandalized by the Islamic State group during...
  • A Roman-style sculpture of a life-size figure and a series of reliefs of faces on the side of the great temple were among the restored pieces shown off to journalists.
  • The restoration work at Hatra is being carried out by Iraqi experts in collaboration with Italy's International Association for Mediterranean and Oriental Studies.

Libya rival PM says cabinet line-up ready

Libya's prospective prime minister, appointed by the war-torn country's parliament as it seeks to oust interim premier Abdulhamid Dbeibah, said...
  • "Prime minister-designate Fathi Bashagha announces that his government is ready and will be presented to the House of Representatives" for a vote of confidence
  • Libya's parliament had picked Bashagha earlier this month in a move against Dbeibah, whose rivals argue his mandate ended after elections set for December 24 were postponed

SWIFT: The Russia sanctions threat for Ukraine invasion

Ukrainian President Volodymyr Zelensky called on world powers on Thursday to cut Russia off from SWIFT, after Russian forces invaded...
  • Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication, actually doesn't handle any fund-transfers itself
  • But its messaging system, developed in the 1970s, provides banks the means to communicate rapidly, securely, and inexpensively

European nations sign 7-bn-euro drone contract

Baptised Eurodrone, the twin-motor aircraft with a 30-metre wingspan similar to some commercial planes, will be able to carry out...
  • Baptised Eurodrone, the twin-motor aircraft with a 30-metre wingspan similar to some commercial planes, will be able to carry out intelligence-gathering and surveillance.
  • The remotely-piloted 10-tonne drone, to be built by a consortium lead by Airbus, will be capable of operating for 20 hours and help provide round-the-clock surveillance

Iran announces opening of its airspace after war: state media

Iran announced Thursday that it has reopened its airspace, including over Tehran, after closing it on June 13 due to...

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EU plans measures to protect sensitive technology from China

The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...

Israel destroys Palestinian home in occupied West Bank

Basil Shehadeh was arrested on suspicion of helping two other Palestinians carry out the deadly shooting at a petrol station...

Thousands trapped as Israeli troops surround hospitals in Khan Yunis

"Heavy fighting is reported in proximity to hospitals in Khan Yunis, including Al-Aqsa, Nasser and Al-Amal, with reports of Palestinians...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Two Tunisian teenage migrants die in shipping container

Last week, the national guard announced the disappearance at sea of about 40 Tunisians who left from Sfax province, on...
  • The two minors were part of a group of four young people trying to migrate irregularly, spending around eight hours in the cold container
  • The two surviving members of the group were hospitalized and are "in a stable condition", according to the director of civil protection for the Tunis region

Two dead in US strikes against Iran-backed armed groups in Iraq

The US strikes come against an already explosive regional backdrop, fueled by the war in Gaza between Washington's ally Israel...
  • The strikes came just days after US troops in western Iraq were targeted with ballistic missiles and rockets in an attack the Pentagon blamed on militants supported by Tehran
  • According to Iraqi sources, US strikes targeted Ketaeb Hizbollah in the Jurf al-Sakhr area south of the capital Baghdad, as well as in the Al-Qaim region on the border with Syria

Iran’s Raisi flies to Turkey for delayed Gaza talks

Planned talks in Ankara in early January were called off when twin blasts claimed by IS group jihadists killed 89...
  • Raisi's visit to Turkish President Recep Tayyip Erdogan comes with the war in Gaza starting to enflame tensions and escalate fighting across the Middle East
  • The Turkish presidency said the two leaders would appear at a press conference after holdings talks and chairing a meeting of their top ministers during the one-day visit