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

Israel ‘formalizing’ defense ties with Morocco on minister’s visit

The trip comes less than a year after Morocco normalized ties with Israel in a deal brokered by former US...
  • Morocco normalized ties with Israel in December last year
  • It came soon after similar announcements by the UAE and Bahrain

GCC Unified Military Command’s headquarters opens in Riyadh

The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf.
  • The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf
  • Al-Hajraf said the opening of the UMC comes as a message of peace and determination to protect the GCC security and stability

Morocco says it rescued 147 African, Asian migrants

In May, around 8,000 North African migrants swam to Spanish from Morocco which resulted diplomatic crisis between these two countries.
  • Morocco became a transit country for African migrants trying to reach Spain
  • Migrants were traveling in inflatable boats to cross the Strait of Gibraltar

Israel Bill to limit PM’s term passes first reading

"Continuous power in the hands of a single person is bad for democracy," Justice Minister Gideon Saar said.
  • "Continuous power in the hands of a single person is bad for democracy," Justice Minister Gideon Saar said
  • The vote on the Bill which was passed by 66 deputies in the 120-member Knesset would need three readings to become law

Israel, Jordan agree US-brokered solar power for water deal

Ministers from the neighbouring countries inked the US-brokered agreement at a Dubai Expo event joined by John Kerry, the US...
  • Jordan is one of the world's most water-deficient nations and its cooperation on water with Israel dates back to before the two established formal relations
  • Israel is also a hot, dry country, but its advanced desalination technology has opened opportunities for selling fresh water

Bahrain claims arrest of Iran-linked armed gang of terrorists

Bahrain has been hit by waves of unrest since 2011, when security forces crushed protests demanding a constitutional monarchy and...
  • The ministry gave no further details, including on how many people were arrested or their nationalities.
  • Bahrain accuses Iran of provoking unrest in the Gulf kingdom, an allegation Tehran denies.

Iran says hopes for ‘constructive’ visit by chief of UN’s nuclear watchdog

Rafael Grossi, head of the International Atomic Energy Agency was expected to meet Foreign Minister Hossein Amir-Abdollahian and Atomic Energy...
  • On Friday, the IAEA said Iran's stockpile of highly enriched uranium was above the limit laid down in the 2015 agreement.
  • Grossi was last in Tehran on Sept.12, where he clinched a deal on access to monitoring equipment at Iran's nuclear facilities.

Sudan PM Hamdok reinstated after coup; allies cheer

Sudan's deposed prime minister Abdalla Hamdok and General Abdel Fattah al-Burhan, who ousted him a month ago, signed a breakthrough...
  • The UAE, welcoming the move, said in an official statement that it “wished full success for all Sudanese parties in their next endeavors”
  • The OIC also welcomed the agreement, with its Secretary-General Hussein Ibrahim Taha praising the country’s “return to the constitutional path”

Dbeibah: Businessman thrust into turmoil of Libya politics

Dbeibah is a Canadian-educated business tycoon who has used his post to build a solid popular base. He was elected...
  • It was a surprise victory for a man who was once a member of the inner circle of dictator Moamer Kadhafi.
  • Dbeibah is seen as close to Ankara and to the Muslim Brotherhood, and he heads a company with subsidiaries across the world.

Nokia, UNICEF and Organge Foundation to empower Morocco youth

As part of UNICEF’s UPSHIFT program, Nokia has agreed to a partnership with Orange Foundation and UNICEF to empower marginalized...
  • The three will partner under UNICEF's UPSHIFT program featured as part of the World Bank's Solutions for Youth Employment.
  • At least 1400 young people, in which 60 percent are likely to be girls, will receive training in teamwork, self-esteem, creativity and communication.

India will ‘never’ restore Pakistan water treaty: minister

New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the...

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Iran-backed Iraqi group says top commander dead in US strike

Baghdad, Iraq - A "US strike" in Baghdad on Thursday killed a military commander of the Hashed al-Shaabi, the ex-paramilitary force...

Saudi Arabia, Qatar denounce Gaza’s residents emigration plan

Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's...

New PM announced by Kuwaiti ruler to end political stalemate

Sheikh Meshal al-Ahmed Al-Sabah, who was sworn in as emir last month, named Sheikh Mohammed Sabah al-Salem Al-Sabah, a popular...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UAE participates in UN Peacekeeping Ministerial Meeting in Ghana

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
  • The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
  • The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.

Private sector funding key to climate transition: World Bank

The World Bank raised its target for climate-related projects from 35% of its annual financing to 45%. Given that the...
  • On Wednesday, Banga repeated a previous pledge to "fix the plumbing" of World Bank
  • World Bank estimated that developing countries will need an average of $2.4trn each year

Gaza zoo bears scars of war as animals die of starvation

Rafah, Palestinian Territories--Hunger is everywhere at Rafah zoo, in Gaza's far south, as internally displaced Palestinians seek shelter from the war...
  • The WHO has warned of the risk of famine and disease as only a minimal amount of aid enters the Gaza Strip
  • The zoo keeper said one lioness gave birth and the cubs died soon afterwards as there was no proper food for them