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

Kuwaitis told to avoid European travel over Omicron surge

Kuwait has called on its citizens to avoid travel to several European countries hit hard by the Omicron coronavirus variant....
  • The oil-rich Gulf state also urged Kuwaitis already there to return home because of the surge in cases on the continent.
  • Europe has in the past few months again become the pandemic's epicentre and is battling an upsurge of cases spurred on by the highly transmissible Omicron strain.

Sudan PM resigns as deadly crackdown on protests continue

Abdalla Hamdok, a former UN official and Prime minister of Sudan, resigned just six weeks after being reinstated.
  • Sudan’s PM resigned two months after a coup following another deadly crackdown on pro democratic protestors
  • 57 people demanding a civilian government have been killed in protests which were become regular since the coup

Several Gulf countries renew weather advisories after heavy rains

Authorities in several Gulf countries renewed weather warnings on Sunday as several days of heavy rains batter the usually arid...
  • In Sharjah, pedestrians and vehicles were caught up in brown-colored water.
  • The Saudi civil defense warned that moderate to heavy rain was expected to continue in several regions. 

UAE bans travel for unvaccinated citizens from Jan 10

Travel is permitted for non-vaccinated citizens, if the cases include medical exemption from taking the vaccine, humanitarian cases, and individuals...
  • The announcement follows the UAE’s vision in the recovery phase of the pandemic and enhancing national efforts in all sectors
  • This is being done to ensure that health and safety are prioritized by the leadership and the country's proactive efforts to confront COVID-19

Grave violations surge against children in conflict: Unicef

Unicef Director Henrietta Fore said “parties to conflict” have continued to “demonstrate a dreadful disregard for the rights and wellbeing...
  • In October, Unicef said around 10,000 children had been killed or maimed in Yemen since fighting escalated in March 2015
  • Meanwhile, the Middle East and North Africa, in the first 6 months of 2021, saw the highest number of verified attacks on schools and hospitals

Thousands rally in Iraq to mark 2020 killing of Iran general

Iranian general Qasem Soleimani and Hashed commander Abu Mahdi al-Muhandis were killed in a US drone strike outside Baghdad airport...
  • Iraq marks the second anniversary of General and his Iraqi lieutenant death in a US drone strike, rallied against US
  • Former US president Donald Trump ordered the strike that killed Soleimani, saying it was for attacks on US interests in Iraq

Turkish-Armenian writer to be deported after arrest in Greece

The writer was jailed in Turkey in 2014 on charges of illegal construction, which he claims were punishment for his...
  • A prominent Turkish-Armenian writer living with temporary permit in Greece after fleeing a Turkish prison faces deportation
  • The blogger had been convicted in Turkey of blasphemy over a 2012 blog defending an anti-Islam film

Russia, Iran eye trade and economic collaboration

Russian President Vladimir Putin has invited Iran’s President Ebrahim Raisi in Moscow for discussion over expanding strategic cooperation.
  • A treaty on mutual relations and principles of cooperation between Iran and Russia turned 20 on March 12, 2021
  • The diplomatic apparatus of Russia and Iran described the treaty as a turning point in both countries’ relationship

US pledges $99 million to cash-strapped UNRWA

Last week, a top UNRWA official said long-running budget shortfalls had forced the agency to introduce austerity measures.
  • The UN agency is suffering an unprecedented financial shortfall
  • It has already called on donors for long-term funding to continue working

UN asks Yemen govt to add new equipment to Sanaa airport

Flights into the rebel-held capital Sanaa have been largely halted by a blockade since August 2016, but there have been...
  • Yemen has been wracked by civil war since 2014, with the government supported by the Saudi-led coalition
  • On the other side are the Iran-backed Houthi rebels, who control much of the north, and reopened the airport on December 27

US hits back at accounts Iran moved enriched uranium before bombing

Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...

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Egypt denies suspending navigation through Suez Canal

Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the...

Yemen rebels: US, UK interests ‘legitimate targets’ after strikes

Britain, the United States and eight allies said the strikes aimed to "de-escalate tensions". But Iran and other governments condemned...

India finds apparent wreckage from 2016 military plane crash

New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Yemen’s Houthi rebels have built a significant arsenal  

DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military...
  • Iran-backed Houthis have carried out a spate of attacks in the Red Sea, claiming to be targeting ships with Israeli links.
  • The Houthis have been steadily developing their military capabilities since 2014, when they seized the Yemeni capital Sanaa.

Global crises, AI key focuses of World Economic Forum

The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts...
  • The upcoming Davos summit is set to become a melting pot of discussions on critical global issues, including the conflicts in Gaza and Ukraine, and the rapid rise of AI.
  • With leaders like President Volodymyr Zelensky attending, the forum promises intense dialogues on geopolitical challenges and opportunities for rebuilding trust.

Saudi Arabia launches documentary Horizon on wildlife  

RIYADH, SAUDI ARABIA - Konoz, an initiative of the Ministry of Media's Center for Government Communication (CGC), has released a...
  • The documentary is currently being shown on the Netflix platform.
  • The film gives a look at the ecological diversity of the Kingdom,