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

Iran decries ‘destructive’ conduct by IAEA chief

"The action taken by parliament members... is a natural response to the unjustified, unconstructive, and destructive conduct of the Director...

Geostrategy

G7 to exempt US multinationals from global minimum tax

The deal will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home,...

Economy
Geostrategy

UAE to receive help from France to secure its airspace

France said Friday it will help its ally the United Arab Emirates secure its airspace following drone and missile attacks...
  • The UAE announced the interception and destruction on Wednesday of three "hostile drones", which follows three previous drone and missile attacks claimed by Yemen's Houthi rebels
  • The UAE's staunch ally the United States has deployed a warship and fighter planes to help protect the Middle East financial and leisure hub
Geostrategy

Beijing Olympics opens amidst rights concerns, Covid, diplomatic boycotts

China's President Xi Jinping declared the Beijing Winter Olympics open Friday as China tried to turn the page on a...
  • The US, Britain, Canada and Australia are among countries staging a diplomatic boycott of the Games over China's rights record, particularly the fate of the Uyghurs.
  • There are also environmental concerns about holding a Winter Games in one of the driest places in China and on almost entirely man-made snow.
Geostrategy

Denmark court convicts Iranians of spying for Saudi Arabia

A Danish court on Friday convicted three leaders of an Iranian Arab separatist group based in the Scandinavian country of...
  • The three, aged 40 to 51 and one of whom is a Danish citizen, are members of the separatist organization ASMLA (Arab Struggle Movement for the Liberation of Ahvaz)
  • Their sentencing will be announced in March. They face up to 12 years in prison
Geostrategy

Bahrain makes second booster jab available for people aged 60 and above

Bahrain has made a second Covid-19 booster shot available by choice for adults aged 60 years and above and frontline...
  • Health authorities say an individual may receive any vaccine as a second booster shot, three months after receiving the first booster shot.
  • Eligible individuals need not book an appointment but can head straight to designated vaccine centers.
Geostrategy

Iran FM hopes Iran-Saudi cooperation will solve Islamic world issues

Iran's Foreign Minister Hossein Amirabdollahian expressed hope that interaction between Iran and Saudi Arabia will help solve regional and Islamic...
  • He made the remarks during a phone conversation on Thursday with the Secretary General of the OIC Hussein Ibrahim Taha
  • Taha welcomed reopening of Iran's office in Jeddah and Tehran's active participation in the OIC
Geostrategy

Shadowy militant group claims latest UAE drone attack

Alwiyat al-Waad al-Haq (True Pledge Brigades), which is believed to have ties with pro-Iran armed factions in Iraq, said it...
  • Alwiyat al-Waad al-Haq (True Pledge Brigades), which is believed to have ties with pro-Iran armed factions in Iraq, said it launched four drones at dawn on Wednesday
  • The UAE announced the interception and destruction on Wednesday of three "hostile drones", which follows three previous drone and missile attacks
Geostrategy

UAE-trained Giants put brakes on Yemen’s Houthi rebels

The Giants Brigades was established in 2015 on Yemen's western coast after the Saudi-led coalition's intervention that same year.
  • The UAE, a member of the coalition with strong influence in southern Yemen, began funding, training, and arming the Giants
  • This made them a critical component of the Emirati-backed Security Belt force tasked with protecting the south
Science

UAE-Bahraini Light-1 CubeSat launched into orbit from ISS

The UAE-Bahraini Light-1 CubeSat was successfully launched into orbit from the International Space Station, in cooperation with the Japan Aerospace...
  • Light-1 CubeSat is a collaborative initiative of the UAE Space Agency, Bahrain’s National Space Science Agency, Khalifa University of Science and Technology, and NYU Abu Dhabi.
  • The Light-1 CubeSat represents the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes (TGFs) from thunderstorms and lightning.
Geostrategy

Israel signs defense agreement with Bahrain in Gulf first

Defense Minister Benny Gantz, making his first visit to Bahrain, said the memorandum of understanding, that covers intelligence, procurement and...
  • Gantz toured the guided missile destroyer USS Cole, which is set to make its way to Abu Dhabi to help defend the UAE.
  • The US base in Bahrain lies just across the Gulf from Iran. The waters are crossed by hundreds of oil and cargo vessels every day.
Geostrategy

South Africa tax authority uncovers $1.8 bn gold scam: report

South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold...
  • Coins and jewelry were illegally smelted into gold bars for sale overseas, the amaBhungane Centre for Investigative Journalism said.
  • Sale of gold within South Africa carries a tax, but gold exports do not. So the companies created fake invoices to claim that they had paid tax.

Iran decries ‘destructive’ conduct by IAEA chief

"The action taken by parliament members... is a natural response to the unjustified, unconstructive, and destructive conduct of the Director...
Geostrategy

Company News

Latest News

Gaza internet, telephone blackout passes one-week mark: NetBlocks

Internet services in the Gaza Strip have been constantly disrupted throughout the war, with telecom firms blaming Israel's bombardment of...
Geostrategy

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
World Economic Forum

Complaint against Israeli President received: Swiss prosecutors

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

China exhorts end of ‘harassment’ of civilian vessels in Red Sea

Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by...
  • Urging an end to the Houthi attacks, China said the area was an important trade route for goods and energy
  • Many shipping companies are bypassing the crucial trade artery, causing delays along international trade routes
Geostrategy

Israel’s Gaza offensive breaches international law: UN expert

Francesca Albanese, an Italian lawyer who is the UN special rapporteur on the Palestinian territories, told a Madrid news conference...
  • Albanese said that most Gaza hospitals have been closed, bombed or taken over by the army
  • She said that 1,000 kids were amputated without anaesthesia in the first two months of the war
Business

UAE ranks first in Arab world in labor-resilient countries, says report

Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...
  • As the world confronts the challenges of global warming and the transition to a sustainable future, the impact on labor markets looms large.
  • The direct consequences of climate change, including displacement, migration, and fluctuations have become increasingly pervasive.