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

Germany leader heads to Kyiv to calm ‘critical’ Russia war threat

Scholz has warned Russia it should "not underestimate our unity and determination."
  • Scholz has warned Russia it should "not underestimate our unity and determination"
  • Russian President Putin has surrounded Ukraine from nearly all sides with more than 100,000 soldiers

Clashes as Israeli lawmaker visits Jerusalem flashpoint, teen killed

Scuffles had broken out Sunday as Itamar Ben Gvir of the far-right Religious Zionism alliance set up a tent "office"...
  • Scuffles had broken out Sunday as Itamar Ben Gvir of the far-right Religious Zionism alliance set up a tent "office" in Sheikh Jarrah
  • More than 200,000 Jewish settlers live in east Jerusalem, in communities widely regarded as illegal under international law

Ukraine leader invites Biden to visit Kyiv in ‘coming days’

Ukrainian leader Volodymyr Zelensky on Sunday invited US President Joe Biden to visit Kyiv to show Washington's support in the...
  • Washington made no mention of an invitation in its readout of the 50-minute call
  • The White House said "Biden reaffirmed the commitment of the United States to Ukraine's sovereignty and territorial integrity.”

Saudi coalition hits Yemen capital after drone attack

"We have destroyed a communication system used to operate drone control stations," the coalition was quoted as saying by the...
  • "We have destroyed a communication system used to operate drone control stations," the coalition was quoted as saying by the SPA
  • Riyadh intervened in the Yemeni civil war in 2015 to support the government against the Houthi rebels

Bangladesh aiming at direct shipping line to UAE for faster connectivity

Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two...
  • Foreign Minister of Bangladesh AK Abdul Momen, on a four-day official visit to the UAE, said Bangladesh is keen to utilize the UAE’s expertise in port management.
  • The bilateral trade between two countries in 2021 stood at $1.8 billion, Momen said, adding that a direct shipping line would help multiply it several times.

Bahrain and Egypt share solid relations: Fawzia bint Abdulla Zainal

Bahrain and Egypt share solid long-standing brotherly relations, and there is steady progress in it due to their deep partnership...
  • The two sides discussed ways to enhance parliamentary relations between the two countries, in addition to the mechanisms to develop joint action.
  • They also exchanged points of view on regional and global issues of mutual interest affirming the importance of cooperation between the two.

Former Iraq foreign minister Zebari ruled out of presidential race

Iraq's supreme court on Sunday ruled out a bid by veteran politician Hoshyar Zebari to run for president after a...
  • Zebari had already been suspended temporarily from the contest on February 6, the eve of the scheduled presidential vote in parliament.
  • The complaint against Zebari said his participation would have been "unconstitutional" because of the outstanding corruption charges.

Turkish president Recep Erdogan’s visit reflects growing relations: UAE

Erdogan's visit on Monday will be marked by a visual display on the Burj Khalifa façade, lighting up several landmarks...
  • Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan had visited Ankara in November 2021 on the invitation of the Turkish President.
  • Turkey is the 11th largest trading partners of the UAE, while the UAE is Turkey’s 12th biggest trading partner globally and the largest in the Gulf region.

Russia downplays threat of Western sanctions over Ukraine

Moscow "doesn't give a shit" about the risk of Western sanctions if it were to invade Ukraine, Russia's outspoken ambassador...
  • Excuse my language, but we don't give a shit about all their sanctions", Viktor Tatarintsev told the Aftonbladet newspaper in an interview posted on its website
  • Tatarintsev accused the West of not understanding the Russian mentality

Tunisia: Protests erupt after Saied gives himself powers to sack judges

Saied's decree came a week after he said he would dissolve the High Judicial Council (CSM), prompting a nationwide shutdown...
  • Saied last July sacked the government, suspended parliament and seized a range of powers before moving to rule by decree.
  • He has long accused the CSM of blocking politically sensitive investigations and being influenced by his nemesis, the Islamist-inspired Ennahdha party.

Hamas says discussing Gaza ceasefire proposals from mediators

It said it sought "to reach an agreement that guarantees ending the aggression, achieving the withdrawal (of Israel from Gaza)...

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Stop military operations in Palestine: Saudi minister

Kampala, Saudi Arabia - Saudi Deputy Minister of Foreign Affairs Eng. Waleed Al-Khereiji stressed on Sunday the imperative to halt...

Hamas says ‘some faults happened’ during Oct 7 attacks due to ‘chaos’

The group admitted in a 16-page report justifying the attack that "some faults happened... due to the rapid collapse of...

Hamas says Gaza deaths top 25,000 as Israel pushes offensive

"Dozens are still under the rubble," the Hamas government's media office said, adding that the dead and injured "could not...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkey’s central bank chief denies nepotism allegations

In a statement posted Friday on X, formerly Twitter, Erkan denounced the reports as "unfounded allegations" designed to undermine confidence...
  • Hafize Gaye Erkan, 44, the first woman to be appointed president of the bank, granted her father Erol Erkan special favors, according to recent press reports
  • He enjoyed an office, an official car and bodyguards, former bank employee turned whistle-blower Busra Bozkurt told the daily newspaper Sozcu, which is close to the opposition

Denial of Palestinian statehood ‘unacceptable’, says UN chief

In its final summit communique, the Non-Aligned Movement on Saturday "strongly condemned the illegal Israeli military aggression against the Gaza...
  • Guterres said Israel's stance would indefinitely prolong the conflict
  • The WHO has deplored the "inhuman living conditions" in the Gaza Strip

Years after civil war, security wall holds back Iraqi city

Built more than a decade ago at the height of Iraq's civil war which tore apart the multi-faith, multi-ethnic country,...
  • The wall around Samarra has become a burden on daily life in the city that has expanded from 300,000 to 400,000 residents since 2008, pushing up property and land costs
  • Authorities has planned to extend wall perimeter by three to seven kilometres, increase the number of entry points to six, and add watchtowers and surveillance cameras