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

Saad Hariri, former PM of Lebanon, quits politics

Former Lebanese prime minister Saad Hariri announced Monday he would not run in upcoming parliamentary elections and was withdrawing from...
  • The Sunni Muslim leader said he was "suspending his work in political life" and urged fellow members of his Future party to leave the political arena
  • A tearful Hariri, who was first elected to parliament in 2005, also announced he would not run in the legislative polls due in May

WHO chief says how World can end Covid emergency this year

The countries need to work harder to ensure equitable access to vaccines and treatment, track the virus and its emerging...
  • Since the Omicron strain was first detected in southern Africa nine weeks ago, Tedros said 80m cases had been reported to the WHO -- more than in all of 2020.
  • Half of the WHO's 194 member states missed the previous target of vaccinating 40 percent of their people by end-2021.

Taliban, Western envoys meet for Oslo talks

A Taliban delegation headed by Foreign Minister Amir Khan Muttaqi is meeting representatives of the US, France, Britain, Germany, Italy,...
  • The closed-door discussions, facilitated by Norway, are being held at the Soria Moria Hotel, on a snowy hilltop outside Oslo
  • The Taliban met with Afghan civil society members, including women activists and journalists during the first day of the Norway visit

Houthi militia launch missile attacks on UAE and Saudi Arabia

The UAE air defense forces have intercepted and destroyed two ballistic missiles targeting the country, the Ministry of Defense announced...
  • The UAE Ministry of Defense confirmed that there were no casualties resulting from the attack
  • However, the attack in Saudi Arabia led to two expatriates sustaining minor injuries

Palestine minister holds first meet with Israel foreign minister

This was the first such encounter between the Jewish state's current foreign minister and a Palestinian official. The Israeli foreign...
  • In late December, Israeli Defense Minister Benny Gantz hosted talks with Mahmud Abbas on the latter’s first visit to Israel since 2010
  • At that time, Israel's defense ministry announced ‘confidence-building measures’ with the Palestinian Authority

Chabahar trade zone chief arrested in Iran

Prosecutor has placed Abdorahim Kordi in custody, citing a statement from the intelligence branch of Iran's Revolutionary Guards.
  • The director general of Iran's Chabahar Free Zone has been arrested for "major offences"
  • Chabahar was the only Iranian port with exemptions when US reimposed unilateral sanction in 2018

Saudi’s role in aviation security hailed at Experts Group Meeting

Saudi Arabia, represented by the General Authority of Civil Aviation, chaired the meeting of a team of aviation security experts...
  • Saudi Arabia chaired the meeting of a team of aviation security experts within the Middle East Aviation Security Cooperative Program.
  • Representatives from Saudi Arabia, Sudan, Jordan, and the observer states Qatar and Egypt participated in the meeting.

Thai PM to visit Saudi for first time since gem theft soured ties

Prime Minister Prayut Chan-O-cha will this week make the first visit by a Thai leader to Saudi Arabia in more...
  • Thai-born janitor Kriangkrai Techamong stole $20 million worth of precious gems in 1989 from the home of a Saudi prince, triggering a feud between the countries.
  • Saudi Arabia has long accused Thai police of bungling their investigation into the theft, with allegations that the stolen gems were snapped up by senior officers.

Kuwait steps in to undo Lebanese rift with its Arab neighbors

Kuwait's foreign minister said Sunday that he has given Lebanese authorities a list of suggested measures to be taken to...
  • The visit is part of wider efforts to restore trust between Lebanon and its Gulf Arab neighbors
  • Lebanon's Foreign Minister Abdallah Bou Habib will visit Kuwait at the end of the month

Iran urges people to dress warmly to cut gas use

Iran has the world's second largest gas reserves after Russia, and the fourth largest oil reserves. Gas is almost free...
  • The record consumption was 748 million cubic meters on November 22, 2021.
  • Oil Minister Javad Owji asked people to save gas consumption so that we can pass the next 10 days "without any problem".

AI is learning to lie, scheme, and threaten its creators

In one particularly jarring example, under threat of being unplugged, Anthropic's latest creation Claude 4 lashed back by blackmailing an...

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Millions of Afghans go hungry as winter cold bites

Once flush with humanitarian aid following the US-led invasion of the country, funding to Afghanistan has plummeted since the Taliban...

Women’s health gap costs US$1trn worldwide: report

Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal...

Deal reached for Gaza hostages to receive medicines

Qatari foreign ministry spokesman Majid Al-Ansari told QNA "the medications and aid will leave Doha tomorrow to the city of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Maritime firm says missile hits Greek ship off Yemen

Dubai, UAE - A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following...
  • "A Malta-flagged, Greek-owned bulk carrier was reportedly targeted and impacted with a missile while transiting the southern Red Sea northbound," said firm
  • The ship, which has visited Israel since the outbreak of war in Gaza and was headed to the Suez Canal, changed course and headed to port after the incident, it said

Washington seeks ‘de-escalation’ in Middle East, says top US official

Davos, Switzerland - The United States wants a "de-escalation" in the Middle East despite its strikes on Houthi positions in Yemen,...
  • "We seek to stop the spread of conflict and to create the conditions for de-escalation," Sullivan said at the World Economic Forum in Davos, Switzerland.
  • Sullivan said the course of the conflict with the Iranian-backed rebels depended on "those with influence in Tehran and influence in other capitals in the Middle East".

WTO hopes to finalize fishing agreement

GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...
  • The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.
  • The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.