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

Doctors’ aid group slams US-backed Gaza relief scheme over deadly roll-out

The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations, "is degrading Palestinians by...

Extradition of row-hit mom, son puts Cyprus in politically-charged battle

The mother, 61, and her son, 39, were arrested on December 8 under a warrant issued by the Chinese authorities...
  • US-based right-wing lobby groups alleges the charges against row-hit Chinese mother and son are politically motivated
  • The China pair has been described as members of New Federal State of China, lobbying against the Chinese government

Iran, Syria to establish joint free zone, joint bank

Qasemi, who headed a high-ranking delegation to Syria, met with senior officials from Syria.
  • The decisions for the establishment of the mentioned entities were made during a three-day visit of the Iranian minister to Syria
  • Iranian Transport and Urban Development Minister Rostam Qasemi announced a joint committee is set to be formed between Iran and Syria

Explosion rocks Baghdad, heightens security fears

An explosion from a hand grenade hit the headquarters of Iraqi parliament speaker Mohammed Halbousi’s Taqaddum party in Baghdad early...
  • The blast caused damage to the building’s doors and windows, police said
  • No group claimed responsibility and there was no comment from Halbousi or the Iraqi government immediately for the incident

Iran and China push for fulfillment of 25-year agreement

More than fifty years after establishing diplomatic ties, China and Iran accelerate implementation of the Iran-China 25-year cooperation program, which...
  • The two sides enjoy common stances on several regional and international issues such as efforts to contain coronavirus, production of joint vaccines, fight against terrorism
  • The Chinese and Iranian foreign ministers met on the sidelines of the Shanghai Cooperation Organization summit in Dushanbe, Tajikistan

US envoy to visit Saudi Arabia, Sudan, and Ethiopia

David Satterfield and Assistant Secretary of State Molly Phee will travel to Riyadh, Khartoum, and Addis Ababa from January 17...
  • In Riyadh, the envoy will meet the Friends of Sudan, a group calling for the restoration of the country's transitional government
  • In Khartoum, they will meet pro-democracy activists, women's and youth groups, civil organizations, and military and political figures

UN calls for release of UAE-flagged ship seized by Yemen rebels

The Saudi-led military coalition backing Yemen's internationally-backed government against the rebels said the Rwabee was returning from a mission to...
  • The Saudi-led military coalition backing Yemen's internationally-backed government against the rebels said the Rwabee was returning from a mission to set up a field hospital
  • The Iran-backed Huthis released images of what they said were military jeeps and weapons on board the vessel, which was captured off the key rebel-held Red Sea port of Hodeida

Tunisians defy ban on gatherings to protest against president in capital

As the country marks 11 years since the late dictator Zine El Abidine Ben Ali fled into exile, police deployed...
  • President Kais has since virtually ruled by decree, to the outrage of his opponents, including the powerful Islamist-inspired Ennahdha party
  • Ennahdha supporters have compared Saied to Egyptian President Abdel Fattah al-Sisi, whose crackdown on Islamist demonstrators in 2013 left hundreds dead

EU foreign policy chief says renewed nuclear deal with Iran ‘possible’

EU foreign policy chief Josep Borrell said Friday that a renewed deal with Iran on curtailing its nuclear program remained...
  • The 2015 deal -- agreed by Iran, the US, China, Russia, Britain, France and Germany -- offered Tehran sanctions relief in exchange for curbs on its nuclear program.
  • US president Donald Trump withdrew the US in 2018 and reimposed biting sanctions, prompting Tehran to begin rolling back on its commitments.

10 injured in fire at Kuwait’s largest refinery, operations unaffected

A fire at a gas liquefaction unit in Kuwait's largest refinery Friday left 10 people injured before it was put...
  • The blaze "erupted during maintenance work" on the unit at Mina al-Ahmadi refinery, 40 kilometers south of Kuwait City.
  • Five of the injured were hospitalized with severe burns. Firefighters were mobilized and had extinguished the blaze.

UAE and Brazil aim to boost strategic alliance

The UAE and Brazil have reiterated their resolve to boost bilateral relations in the light of the strategic partnership between...
  • Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Brazil's Minister of Foreign Affairs Carlos Franca reviewed the relations
  • The two discussed the situation in the region in addition to issues of interest, including ways of supporting the international efforts to address the impact of COVID-19 pandemic

Doctors’ aid group slams US-backed Gaza relief scheme over deadly roll-out

The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations, "is degrading Palestinians by...

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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...

Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City

RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...

IMF chief at Davos: AI holds risks, opportunity for global economy

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Record demand for Dubai luxury homes despite rising prices

Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...
  • High-net-worth buyers have been flocking from continental European countries like the U.K., France, and Germany to relocate to Dubai
  • In 2023, average residential prices in Dubai rose 16.9% in the first two quarters, according to CBRE’s UAE Real Estate Market Review

World’s five richest men doubled their fortunes since 2020: Oxfam

A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...
  • Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.
  • With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".

Israeli forces kill five Palestinians in West Bank

Violence has surged in the West Bank since October 7, when the Palestinian armed group Hamas launched an attack in...
  • Troops chased a car that had run a checkpoint near the city of Hebron and "fired toward the terrorists and neutralized them", the Israeli army
  • Palestinian health ministry in Ramallah confirmed the men were killed, while the Palestinian Red Crescent Society said it had received their bodies