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 agency designates three Hezbollah-linked financial facilitators

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three Hezbollah-linked financial facilitators and their Lebanon-based...
  • This action comes at a time in which the Lebanese economy faces an unprecedented economic crisis.
  • OFAC designated Adel Diab, Ali Mohamad Daoun, Jihad Salem Alame, and their company, Dar Al Salam for Travel & Tourism.

UN confirms 2021 among seven hottest years on record

The past seven years have been the hottest on record, the United Nations confirmed Wednesday, adding that 2021 temperatures remained...
  • The warmest seven years have all been since 2015, the UN's World Meteorological Organization said.
  • 2021 also marked the seventh consecutive year that global temperatures were more than 1C above pre-industrial levels.

Most UAE consumers believe natural is healthier, says a survey

UAE consumers show a growing interest in natural foods, backed by the understanding that natural produce is the healthier choice,...
  • Nearly 60 percent of the participants agreed that the naturalness of the product influences their grocery choices, the highest of all markets.
  • 84 percent of UAE consumers confirmed making an effort to limit their consumption of artificial additives in the last 12 months.

Israel police demolish Palestinian home in east Jerusalem eviction

Israeli police demolished the home of a Palestinian family and arrested at least 18 people as they carried out a...
  • The looming eviction of other families from Sheikh Jarrah in May last year fueled an 11-day war between Israel and armed Palestinian factions in Gaza.
  • Hundreds of Palestinians face eviction from homes in Sheikh Jarrah and other east Jerusalem neighborhoods. Circumstances surrounding the eviction threats vary.

Two day long Water-Food-Energy Summit concludes in Dubai

In order to explore solutions for water, food, and energy challenges, the UAE, Jordan, and the Netherlands wrapped up the...
  • The UAE, Jordan, and the Netherlands issued a trilateral declaration affirming their commitment to supporting a nexus approach that optimizes resource use
  • The joint statement encouraged governments to incorporate practical solutions to water, food, and energy challenges into policy-making

Turkey looks to revive frozen ties with Israel

Turkey's Erdogan said he was resurrecting talks with Israel on an old idea to bring Mediterranean gas to European clients...
  • Turkish President Recep Tayyip Erdogan has signaled that his country is ready to mend its ties with Israel
  • Turkey and Israel's relations froze after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010

UAE demands UNSC meeting after Houthi attacks

Several countries — ranging from regional ones like Qatar, Bahrain, Kuwait, Iraq, and Egypt, to Russia and the US —...
  • The UAE has called on the UNSC to unequivocally condemn the Houthi attacks with one voice
  • UN Secretary-General Antonio Guterres has already condemned the attack, besides calling for restraint

Winners of 2022 Zayed Sustainability Prize honored for community services

The 2022 Zayed Sustainability Prize has been awarded to 10 winners who have contributed towards achieving sustainable development in their...
  • The award ceremony coincided with the start of the 2022 Abu Dhabi Sustainability Week (ADSW).
  • Through its 86 former winners, the Prize has transformed the lives of more than 370 million people, across 150 countries, since 2008.

OPEC expects robust oil demand in 2022 to overcome Omicron threat

Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...
  • The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.
  • European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.

11 die in air-strikes on Yemen, a day after Abu Dhabi attack

Eleven people were killed in air strikes on Yemen's rebel-held capital, a witness and medical sources told AFP on Tuesday,...
  • Residents were combing the rubble for survivors after the strikes leveled two houses in Sanaa
  • The UAE, part of the Saudi-led coalition fighting the Iran-backed rebels, had vowed a tough response to Monday's attack

Iran extends access to airspace for overflights after ceasefire

Iran has expanded access to its airspace for international overflights following a ceasefire with Israel, though flight restrictions remain in...

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Iraq recalls Iran envoy in rebuke to ally over deadly strikes

Iran's Revolutionary Guards said they had destroyed the "Zionist regime's spy headquarters in the Kurdistan region of Iraq." The strike...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran, India reach final agreement on Chabahar Port

Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...
  • Chabahar Port, Iran's sole oceanic port on the Gulf of Oman, holds strategic importance both strategically and economically
  • In May 2016, India, Iran, and Afghanistan signed a trilateral agreement for the Chabahar port, facilitating New Delhi's access to Kabul and Central Asia

Turkish strikes leaves hundreds of Syrian villages without electricity

Qamishli, Syria - Hundreds of northeast Syrian villages and towns have lost power after Turkish strikes pounded electricity stations and infrastructure,...
  • The Kurdish administration said Turkey launched a slew of strikes since Friday, mostly concentrated on infrastructure including power stations and oil refineries
  • The semi-autonomous Kurdish administration listed hundreds of villages and towns facing blackouts due to the Turkish strikes in a statement Monday

Iran asks US and Britain to ‘stop war against Yemen’

Tehran, Iran - Iran urged on Monday the United States and Britain to "stop the war against Yemen" following their recent...
  • "We warn America and Britain to stop the war against Yemen immediately," said Iran's Foreign Minister Hossein Amir-Abdollahian
  • The Houthis, who control large swathes of Yemen including the capital Sanaa since 2014, are part of a Tehran-aligned "axis of resistance" against Israel and its allies