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

Egypt vows to look after stranded Russians, Ukrainians

The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine.
  • The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine
  • Flights from 11 airports in southern Russia and one airport in Moscow-annexed Crimea have been canceled, Russia's main aviation authority has said

North Africa-Europe migrant deaths at sea up 155%: UN

The surge in deaths came alongside evidence of both increased arrivals in at least one key destination and rising interceptions.
  • The central Mediterranean route, running from Tunisia and Libya to Italy and Malta, has claimed more than 18,000 migrant lives since 2014
  • The Western Africa-Atlantic crossing to Spain's Canary Islands was the second most deadly during the first half of last year, with 250 fatalities

Russia invasion kills dozens on first day in Ukraine

US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports,...
  • Across Ukraine, at least 137 "heroes" were killed after the first day of fighting, said President Volodymyr Zelensky
  • He also called up conscripts and reservists nationwide to fight in a general mobilization, even as 100,000 people were displaced

Ukraine-Russia war may affect Gulf food supply

The ongoing conflict will directly impact the Gulf and Arab countries since they import vast food items from the two...
  • The Gulf states will be directly affected by the conflict as they depend on the two countries to meet a large proportion of their food requirements.
  • Experts, however, believe a severe food shortage crisis in the Gulf countries is unlikely to happen in the short term as they can absorb rising import costs

With Spanish funds, Lebanon plans to revive railway out of service since ’70s

Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out...
  • Lebanon had a railway network since the end of the 19th century which connected Beirut to the Syrian capital Damascus.
  • It was built during Ottoman rule and inaugurated in 1895, operating until the devastating civil war begun 47 years ago.

Iran says decisions needed from West to seal nuclear deal

"No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali...
  • "No matter how close we are to the finish line, there is not necessarily a guarantee to cross it," Ali Bagheri tweeted after flying back to Tehran
  • "To finish the job, there are certain decisions that Western parties must make," Bagheri said, without spelling out what they were

Russia attack on Ukraine turns Europe eyes to Saudi Arabia, Qatar

Qatar and Saudi Arabia host American troops, but their economic and political relations with Russia have grown over the years.
  • Russian gas accounts for about 40 percent of the European market, leaving it highly exposed to supply disruptions due to the conflict
  • A similar logic applies to the 2.3 million barrels of Russian crude that heads west each day through a network of pipelines

Israel president heads to Greece to calm ally ahead of Turkey visit

Relations between majority-Muslim Turkey and the Jewish state froze over after the death of 10 civilians in an Israeli raid...
  • Israeli will revive its diplomatic relations with Turkey that were frozen since 2010 when 10 civilians died in an Israeli raid on a Turkish flotilla
  • Turkey aired objections in 2020 as Israel, Greece and Cyprus signed the EastMed deal for a huge pipeline to ship gas

UAE, EU discuss measures to boost regional economic cooperation

Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed the ongoing cooperation between the UAE and European Union...
  • Ghobash and White strongly condemned the Houthi attacks on civilian facilities in the UAE and stressed the need to find peaceful solutions to conflicts
  • They also highlighted the importance of continuing their coordination on matters of mutual concern, and addressing terrorism and helping establish security, stability and peace

Russia launches full-scale invasion of Ukraine as US vows ‘support’

Russian air strikes hit military facilities across the country and ground forces moved in from the north, south and east,...
  • Weeks of intense diplomacy to avert war failed to deter Putin, who had massed more than 150,000 troops along the borders of Ukraine.
  • Ukraine has around 200,000 military personnel, and could boost that with up to 250,000 reservists. But Moscow's forces are much larger.

Russia becomes first country to recognise Taliban

Afghanistan's government said on Thursday that Russia had become the first country to officially recognise its rule, calling it a...

Company News

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QatarEnergy says Red Sea attacks ‘may impact’ gas shipments

The state-owned giant confirmed in a statement that "Qatar's LNG production continues uninterrupted, and our commitment to ensuring the reliable...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US strikes two Houthi missiles in Yemen: military

US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping,...
  • CENTCOM said the missiles were aimed into the Southern Red Sea and ready to be fired
  • Houthis began striking Red Sea shipping in November in solidarity with Palestinians in Gaza

Trump closes in on Biden rematch after New Hampshire win

Despite now adding New Hampshire to his previous easy victory in Iowa, Trump kept to his hard-right messaging, with no...
  • With votes around 60 percent counted, Trump's winning margin hovered at around 11 percentage points, but his sole remaining challenger Nikki Haley vowed to fight on
  • In a rambling victory speech Trump, 77, attacked Haley and said that when the primary contest reaches her home state of South Carolina, "we're going to win easily."

UN chief terms Israeli rejection of two-state solution ‘unacceptable’

In a speech to the Security Council, UN Secretary General Antonio Guterres demanded that "Israel's occupation must end." Guterres warned...
  • Guterres warned that it would exacerbate polarization and embolden extremists everywhere
  • He called for the recognition of the "right of the Palestinian people" to build their own state