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

Oil price break $100 on Russian ‘military operation’ in Ukraine

According to the UN, a full-scale Russian invasion on Ukraine would have a devastating global impact that would likely spark...
  • The crisis comes as governments struggle to contain runaway inflation fueled by demand as life returns after recent Covid-19 lockdowns,
  • World Markets have been hammered since a week as the Kremlin recognized Ukraine's rebellion and said it would provide "peacekeepers" to the regions

US declares Russia’s prized Nord Stream 2 pipeline ‘dead’

Although the pipeline is seen as an efficient way to supply energy to the European Union, which depends heavily on...
  • Built to funnel Russian natural gas to Germany under the Baltic Sea, Nord Stream 2 has long been controversial
  • The pipeline is completely built, but has not been put in use and for now at least it won't be

Qatar to recall two infant products on suspicion of contamination

The Ministry urged all consumers to report any violations by communicating with the Consumer Protection and Anti-fraud Department.
  • The decision is taken due to the possibility of contamination of these products with Salmonella and Chronobacter bacteria.
  • The Ministry stated in a statement today that this move comes to ensure the immediate cessation of the use of the products.

ICESCO to cooperate with Qatari institutions and authorities

The Director-General of ICESCO Salim bin Mohammed Al-Malik met with Ambassador of Qatar to Morocco Sheikh Abdullah bin Thamer
  • During the meeting, they discussed ways to enhance the distinguished relations of cooperation between ICESCO and Qatar
  • The officials also reviewed aspects of the success achieved during the celebration of Doha, Capital of Culture of the Islamic World 2021

EU to send observers to Lebanon for monitoring parliamentary elections

The European Union will send election observers to monitor Lebanon's May 15 parliamentary polls, at the invitation of Beirut's government,...
  • The team's chief observer, Gyoergy Hoelvenyi, said in a statement it will be the fourth time the EU has sent observers to Lebanon, after previous missions in 2005, 2009 and 2018.
  • Lebanon is in the grip of an economic crisis that has generated public fury against its politicians, many of whom are seen as corrupt.

Sudan sends delegation to Russia for talks on cooperation

A delegation of senior Sudanese officials, including the deputy leader of the country's military-led ruling body, headed to Russia on...
  • Sudan has found itself increasingly isolated since an October 25 coup that has seen foreign aid cut as part of the international community's response to the military takeover.
  • Sudan was militarily dependent on Russia for decades due to crippling sanctions imposed by Washington against Bashir's government.

Post-Covid recovery needs to be green, human centered: UN chief

As the pandemic grinds on, poverty is rising, inequalities are widening, and household incomes are dwindling, while billionaires have seen...
  • António Guterres was addressing Global Forum for Human-centered recovery, organized by the International Labor Organization.
  • The three-day forum is being held online and brings together world leaders, heads of international organizations and multilateral development banks.

Jordan, Egypt discuss cooperation in rail transport

Jordan Ministry of Transport spokesperson, Ali Odaibat, said the visit follows a meeting between Minister of Transport Wajih Azaizeh, and...
  • Jordan Ministry of Transport spokesperson, Ali Odaibat, said the visit follows a meeting between Minister of Transport Wajih Azaizeh, and his Egyptian counterpart, Kamel Al-Wazir
  • He added that the delegation will discuss the economic feasibility study for the railway between Zarqa, Amman and Queen Alia International Airport

UAE sends 47 tons of emergency relief to Mozambique

The aid is expected to improve the humanitarian situation of hurricanes, drought, and terrorist attacks faced by some countries in...
  • The assistance is reportedly part of provisions to support casualties and the displacement of many residents
  • The unrest is said to have left families, including children and women, homeless and without basic food needs

UN Security Council ends Iraq invasion reparations to Kuwait

The unprecedented panel is considered a model for reconciliation that could help resolve future conflicts if necessary.
  • The United Nations Compensation Commission was created in May 1991 by Security Council Resolution 692
  • It managed Iraq's financial compensation to Kuwait, which featured a 5 percent tax levied on its oil sales

Trump says ‘didn’t make any progress’ with Putin on ending Ukraine war

US President Donald Trump said he made no progress with Vladimir Putin on ending the Ukraine war in a call...

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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...

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,...

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...
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INSEAD Day 4- 300x600

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Houthis order all US, British UN staff to leave Yemen within a month

The expulsion followed joint strikes by the United States and Britain against the Houthis aimed at ending the group's attacks...
  • Last week, Washington redesignated the Houthis a "global terrorist group", having lifted it in 2021 to ease aid delivery to the impoverished country.
  • The Houthis have fought a nearly decade-long civil war against government forces, who are backed by Saudi Arabia.

Iranian President Raisi to discuss Gaza war during Turkey visit

Raisi will meet Turkish counterpart Recep Tayyip Erdogan in the capital Ankara, making a visit that was postponed twice --...
  • Raisi will meet Turkish counterpart Recep Tayyip Erdogan in Ankara, making a visit that was postponed twice -- once in November and once earlier this month
  • The visit comes amid growing fears about the regional repercussion of the war in Gaza, which Israel launched in reprisal for October 7 attacks

NATO to buy ammunitions worth $1.2 billion amid Ukraine war

The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover...
  • The ammunition stocks of NATO have drained after sending large-scale shipments to Ukraine as it battles Russia
  • "It is important that our allies refill their own stocks as we continue to support Ukraine," NATO chief Jens Stoltenberg said