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

Putin to host Iran’s President Ebrahim Raisi in Moscow on Wednesday

Russian President Vladimir Putin will host his Iranian counterpart Ebrahim Raisi in Moscow on Wednesday, the Kremlin said, amid talks aimed at...
  • The meeting will be Raisi's most important official visit abroad since he took office, and the first visit by an Iranian president to Russia since 2017. 
  • Moscow and Tehran have strong political, economic and military ties, and are key allies of Syrian President Bashar al-Assad in his country's decade-long civil war.

Russia condemns Houthi drone attack on UAE

The Russian Federation Parliament (State Duma) has strongly condemned the Houthi militia attack targeting civil facilities in the UAE yesterday.
  • Leonid Slutsky, Chairman of the State Duma Committee on International Affairs, said, in a statement on the RT TV network, that the Russian parliament strongly condemns the attack
  • He added that the attack is especially heinous due to the fact that Abu Dhabi has been implementing a policy to promote peace and stability in the region

Abu Dhabi’s Blue Carbon Project to check emissions, climate change: EAD

Abu Dhabi's Blue Carbon Project is a promising initiative to prevent increased carbon emissions caused by the destruction of ecosystems,...
  • Blue Carbon refers to the ability of coastal vegetation to store carbon and if this vegetation is destroyed, buried carbon could be released into atmosphere.
  • Blue carbon ecosystems, which include mangrove forests, salt marshes, and seagrass beds, store and sequester carbon in biomass and sediments

Bahrain private sector keen to strengthen trade ties with Saudi: BCCI chairman

BCCI chief reviewed ways to further increase the volume of bilateral trade
  • Chairman Sameer bin Abdulla Nass appreciated the 'depth and solidity' of the Bahraini-Saudi economic and investment relations.
  • Nass praised the role played by Saudi Arabia to enhance the progress and prosperity of the people of GCC.

US vows to hold Houthi rebels accountable for UAE attack

The United Arab Emirates of which Abu Dhabi is the capital is part of a Riyadh-led military coalition that supports...
  • The US expressed condolences to the victim families and reiterated their unwavering commitment to the UAE's security
  • The Houthis have claimed responsibility for Monday’s attack which was the first deadly assault acknowledged by the UAE

UNHCR partners with Qatari climber for refugee welfare

The UNHCR announced the partnership with Qatari athlete Sheikha Asma Al-Thani in a statement on its official website.
  • The UN refugee agency partnered with Sheikha Asma Al-Thani to raise awareness on the plight of refugees
  • She is also expected to help the agency advocate for the rights of those forced to flee due to conflict and persecution

Israeli tech firms line up for UAE manpower

Dozens of Israeli high tech companies are keen to open units in Dubai or Abu Dhabi after Rapyd's decision to...
  • About a dozen portfolio firms of Israeli venture capital fund OurCrowd actively seek to open units in Dubai or Abu Dhabi, says its CEO Jon Medved
  • Israeli fintech firm Rapyd is the first to decide that it will open an office in the UAE following the normalization of ties between the two countries

Reports saying Lebanon president ordered bank raids baseless: Press Office

The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...
  • The President's Press Office said this news is fabricated and baseless.
  • The Press Office also denied reports about a meeting held at Baabda Palace.

Iran says diplomats in Saudi for Organization of Islamic Cooperation posts

Iranian diplomats are in Saudi Arabia to start work at a global organization representing Muslims, a first since the two...
  • The two regional rivals have so far held four rounds of talks since April aimed at improving relations.
  • Iran said it is "ready to open its embassy" but that depends on what "practical steps" Saudi Arabia takes.

UAE warns of reprisals for ‘Houthi attack’ on Abu Dhabi

The United Arab Emirates threatened reprisals against Yemen's Houthi rebels after suspected drone strikes killed three people in Abu Dhabi...
  • Preliminary investigations suggest that the cause of the fires are small flying objects
  • The competent authorities have launched an extensive investigation into the cause of fire

Qatar urges Israel, Hamas to seize ‘window of opportunity’ for Gaza truce

US President Donald Trump voiced optimism on Friday about a new ceasefire in Gaza saying an agreement involving Israel and...

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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...

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...

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

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EU worried Red Sea attacks could spark inflation

European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...
  • Gentiloni said that "what is happening in the Red Sea... is not for the moment apparently creating consequences on energy prices and inflation".
  • Tensions in the Red Sea have soared after the United States and Britain carried out strikes on Houthi rebels in Yemen.

Gaza war deaths top 24,000 as UN chief calls for ceasefire again

Bringing food and supplies to the besieged population of Gaza, which is increasingly at risk of famine, also depends on...
  • In a statement released with the video, Hamas said "the Zionist army's bombing" was responsible for the death of two male hostages.
  • King Abdullah II of neighboring Jordan warns that continuing Israeli attacks could cause the conflict to expand across the region.

UN wants $4.2 billion for Ukraine’s humanitarian aid in 2024

"Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine...
  • Russia's war in Ukraine is set to enter its third year in February and the UN said it was vital to maintain support to millions affected by war
  • The UN hopes to reach 8.5 million people within Ukraine and 2.3 million refugees and their host communities in eastern Europe