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

Gaza rockets fall into sea off Tel Aviv: Israel army

It was unclear who fired the projectiles as Hamas, the Palestinian Islamist group that controls Gaza, did not claim responsiblity.
  • It was unclear who fired the projectiles as Hamas, the Palestinian Islamist group that controls Gaza, did not claim responsiblity
  • No sirens were sounded and Israel's Iron Dome rocket interception system did not deploy, the army added.

UAE sets several records as world ushers in 2022

Hope remains for a better new year amidst scaled-back celebrations due to new restrictions aimed at slowing soaring Covid cases.
  • Sheikh Zayed Festival in Al Wathba has set three Guinness World Records with a dazzling fireworks display that lasted for 40 minutes to welcome 2022
  • From Seoul to San Francisco, celebrations were again cancelled or curtailed in the face of the surge in infections

Armenia to lift ban on Turkish imports as envoys set to meet

Earlier this month Turkey and Armenia named special representatives to work on the normalisation of ties.Turkey will be represented by...
  • Arch-enemies Armenia and Turkey have recently made tentative moves to improve relations
  • Arch-enemies Armenia and Turkey have recently made tentative moves to improve relations

Saudi boosts pandemic measures at Makkah’s Grand Mosque

Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of...
  • Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque.
  • The kingdom has recorded 8,874 Covid deaths, the highest number of fatalities among the Gulf Arab countries.

Critics of Turkish lira slide threatened with lawsuit

Finance Minister Nureddin Nebati urged citizens to sue economists who comment on social media about the lira's slide. His remarks...
  • Lira entered a tailspin that saw it lose nearly half its value from the start of November to the moment President Erdogan announced new currency support measures last week.
  • Nebati accused the commentators of using "psychological warfare" by urging Turks to buy gold and dollars in order to preserve their savings against further lira declines.

Iran making efforts to ease travel of expats to country: Ebrahim Raisi

Iranian expats are free to travel to and from the country and the government's plans and decisions should ensure that...
  • President Raisi said "ill-wishers of the Iranian nation" were intimidating Iranian expatriates so that they will not come back to their country.
  • Iranian laws recognizes even the second and third generation Iranians abroad as Iranian citizens.

Saudi king asks Iran to end ‘negative behavior’ in the region

King Salman said, ‘We hope (Iran) changes its policy and negative behavior in the region, and it heads towards dialogue...
  • Saudi Arabia and Iran have had bitter ties for decades, taking opposing sides in a range of regional conflicts
  • This includes Yemen, where Saudi Arabia leads a military coalition against Iran-backed Huthi rebels

Jordan signs pact with Germany, EU to build water projects

The project will improve wastewater treatment and environmentally friendly sludge disposal.
  • The project will improve wastewater treatment and environmentally friendly sludge disposal.
  • The value of the EU’s bilateral support to the water and sanitation sector in Jordan is over 150 million euros

Iran federation defends footballer in jersey row

Mehdi Mahdavikia recently wore a jersey featuring the flags of all FIFA member countries, including Israel, during a friendly match...
  • Mehdi Mahdavikia ‘must apologize to the Iranian people for his act and must stand trial because he has betrayed the Iranian nation’ an MP has said
  • ‘He is one of the greats of Iranian football’ and ‘a symbol of pride for the Islamic Republic of Iran’, the federation has said

Years after war, health sector ailing in Iraq’s Mosul

Apart from the hospitals, the rest of Mosul is also struggling to regain a sense of normalcy. Residents crowd into...
  • The former stronghold of the Islamic State group, Mosul was devastated by the battle to oust the jihadists that ended in summer 2017
  • More than four years on, the northern metropolis remains a patchwork of gutted concrete carcasses interspersed between buildings under construction

Israeli commandos operated in Iran during 12-day war: military

The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...

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UNSC to meet on US-UK strikes against Houthi rebels

The UN Security Council will hold an emergency meeting over the strikes carried out by the United States and Britain...

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...

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

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India flexes maritime muscles by boosting Arabian Sea force

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New...
  • Defense Minister Rajnath Singh -- speaking at the launch of India's latest own-built warship, vowed shipping would be protected "from the sea to the heights of the sky"
  • India was taking "very proactive action" to ensure pirates "don't venture out into the India Ocean region", Admiral Hari Kumar, chief of naval staff said

Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...
  • Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".
  • "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.

Oil prices rise after US, UK strike Houthi rebels

Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...
  • Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.
  • The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.