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

US sanctions Hezbollah-affiliated international network

The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies...
  • The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are designated under Executive Order 13224.”
  • The statement added that “these financial facilitators have helped terrorist Hezbollah obtain funds through networks of companies that disguise themselves as legitimate businesses”

Islamic State launches twin attacks in Syria and Iraq

The Islamic State group on Friday attacked a Syria prison housing fellow jihadists and a military base in Iraq in...
  • In Syria, an ongoing IS attack on a northeast Syria detention facility holding the largest number of IS suspects killed at least 20 Kurdish security forces
  • The attack marked the jihadists' deadliest operation in Iraq this year

UAE, Turkey to ink new agreements during Erdogan’s visit: official

The UAE and Turkey are expected to sign new agreements and "renew previous commitments" during the upcoming visit of the...
  • In the first ten months of 2021, bilateral trade between the two countries reached US$6.4 billion
  • The UAE is also an important investor in Turkey and ranks second among the GCC countries

Tunisia president Saied says freedoms ‘guaranteed’

Saied said he "affirms that freedoms are guaranteed in Tunisia,” recalling his commitment to equality before the law and his...
  • Saied said he "affirms that freedoms are guaranteed in Tunisia,” recalling his commitment to equality before the law and his rejection of violence"
  • Civil society groups have expressed fears of a return to authoritarianism in the only democracy to have emerged from the Arab Spring protests

ILO selects Qatar as member of fair recruitment panel

Qatar is one of the five countries the ILO has as a member of the Advisory Committee of its Fair...
  • The selection of Qatar as a member of the committee reflected its progress in promoting fair employment, said official sources
  • It also demonstrated Qatar’s commitment to labor migration and fair recruitment through a human rights-based approach, they added

Lebanon judges to visit Paris over central bank chief probe

A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's central bank governor...
  • Central bank governor Riad Salameh is among the top Lebanese officials widely blamed for the country's unprecedented financial crisis.
  • He is the target of a series of judicial investigations in Lebanon, Switzerland and France on suspicion of fraud, money laundering.

Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre

Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General...
  • The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
  • With over 15 years of experience, AlMarri has been responsible for ensuring the success of various programs within the UAE National Space Program.

Aid cuts threaten hospitals in the last enclave opposing Syrian regime

The crowded hospital in Darkush in Syria's rebel-held northwest treats around 30,000 patients every month, for free -- but now...
  • Dwindling funds have caused dire shortages of medicine and equipment in this and other clinics in the Idlib region, the last Syrian enclave to oppose the regime in Damascus.
  • Last year, the UN and its partners already fell short of raising even half of the $4.2 billion requested for Syria's humanitarian needs.

‘Not time to give up’, says Biden on Iran nuclear talks

President Joe Biden is still bullish on being able to revive the 2015 nuclear deal with Iran.
  • US Secretary of State Antony Blinken earlier said there were only "a few weeks left" to save the Iran nuclear deal
  • The talks look to restore the 2015 accord between Iran and the United States, France, Britain, Russia, China, and Germany

Islamic Development Bank keen to cooperate for achieving SDGs

The Islamic Development Bank (IsDB) affirmed that it would work together with all Multilateral Development Banks, International Finance Institutes, and...
  • IsDB Group actively pursues counter-cyclical financing to its 57 member countries when they need it most, said its President Muhammad Al Jasser.
  • To boost the economy and recovery of the member countries, the Bank has approved development programs and projects amounting to $1.6 billion.

Iran holds state funeral for top brass slain in Israel war

Iran held a state funeral Saturday for some 60 scientists and commanders killed in its war with Israel, after its...

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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...

Shell halts Red Sea shipments over attack fears, say report

WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...

In Davos, Chinese premier takes aim at trade ‘barriers’

Li's remarks came as the World Economic Forum's (WEF's) 54th annual conference is preoccupied with a slew of global risks,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Intensive phase of war in south Gaza ‘will end soon’: Gallant

Israel had four divisions operating in Gaza before Monday's announced withdrawal, though it was unclear how many soldiers were involved...
  • The army had stepped up military operations in the Khan Yunis and Rafah in recent weeks
  • It said an entire division of soldiers had completed their withdrawal from Gaza on Monday

Iran Guards hit ‘terrorist’ targets in Iraq, Syria

The IRGC also hit targets in Syria with ballistic missiles, including the "gathering places of commanders and main elements related...
  • The attacks destroyed "a spy headquarters" and a "gathering of anti-Iranian terrorist groups" in Arbil, the capital of Iraqi Kurdistan, IRGC said
  • Four people including prominent businessman Peshraw Dizayee were killed and six others wounded in the attack, according to Iraq's Kurdistan security council

Big win in Iowa moves Trump closer to Biden re-match

The extent of his victory demonstrated the 77-year-old's success in turning his prosecutions into a rallying cry that has galvanized...
  • The former president has led polling for more than a year, but the contest offered the clearest insight yet into his ability to convert that advantage into a White House return
  • Major US networks took just half an hour to call the race, with Trump taking 51 percent of the vote and opening an unprecedented 30-point gap over Ron DeSantis