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

GCC, Greece discuss ways to enhance joint cooperation

This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and...
  • This was agreed upon during a session of talks held in Athens on Friday between the GCC Secretary General and the Minister of Foreign Affairs of Greece Nikos Dendias
  • The meeting dealt with the strategic relations between the GCC and the Republic of Greece, and ways to enhance them in various fields

Bahrain orders Lebanese envoy to leave in 48 hours

The decision closely mirrored that of Saudi Arabia, which too ordered the Lebanese ambassador to its country to return home.
  • The decision was apparently taken ‘against the background of a series of unacceptable and offensive statements issued by Lebanese officials’
  • This decision would not affect the Lebanese residents in Bahrain, the country’s Ministry of Foreign affairs has said

World leaders discuss climate, economy, vaccines at G20

Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the...
  • Looming over the two-day talks in Rome is pressure to make headway on tackling global warming
  • This is because the key COP26 summit is kicking off in Glasgow on Monday

US targets Iran’s drone program with sanctions

The sanctions boosted pressure on Iran ahead of the reopening of negotiations on the country's nuclear program. The sanctions came...
  • The US Treasury targeted lethal unmanned aerial vehicles or UAVs used by Iran's Islamic Revolutionary Guard Corps
  • It said the drones have been used to attack US forces and international shipping in the Gulf region

Saudi recalls envoy to Lebanon over Yemen comments

Saudi Arabia ordered the "recall of the ambassador in Lebanon for consultations, and the departure of Lebanon's ambassador to the...
  • The wealthy Gulf kingdom also "decided to halt all Lebanese imports"
  • Lebanon's Prime Minister Mikati reacted quickly, saying he "regretted" the Saudi move

Iran petrol network partially restored after cyberattack

Among 4,300 fuel stations across the country, at present 1,450 are connected to the central fuel distribution system that provides...
  • Authorities have said the results of an investigation into the alleged attack would be ready within 10 days.
  • President Ebrahim Raisi on Wednesday said that his country must be "seriously prepared" against cyberattacks. 

Saudi submits bid to host World Expo 2030 in Riyadh

Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...
  • Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
  • The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.

Oil giant Saudi Arabia sees opportunity in climate crisis

Not only is the kingdom ramping up oil production, it is also making a major play for the trillion-dollar emerging...
  • Saudi Arabia has promised to go carbon-neutral by 2060 and pledged more than $1 billion for circular carbon economy initiatives.
  • Experts say Saudi Arabia has a strong stake in blue and green hydrogen production, solar production and in solutions in carbon capture and storage.

Lebanon to get Jordan’s electricity via Syria by 2022

The process of supplying Lebanon with electricity is expected to begin in early 2022.
  • The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
  • Jordan will also supply 250 MW to Lebanon during the remaining periods

Iran body proposes bill to allow women into stadia

Women were able to watch a game at the 80,000-seat Azadi stadium in October 2019, when Iran thrashed Cambodia 14-0.
  • Women were refused access to stadia after Iran's 1979 Islamic revolution, but exceptions have been made in recent times for international games.
  • World football's governing body FIFA has exerted pressure to allow women into international qualifiers.

Almost 3,000 Australians seek to flee Israel-Iran conflict

Australia has started evacuating almost 3,000 citizens caught up in the rapidly spiralling conflict between Israel and Iran, Foreign Minister...

Company News

Latest News

Gaza war will last many months: Benjamin Netanyahu

The prime minister of Israel told a news conference that the war will continue for many months "until Hamas is...

North Korea to launch three more spy satellites next year

"The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for...

Erdogan plays down row over Saudi-hosted Super cup

Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

US shoots downs anti-ship missiles fired from Yemen

The US Central Command said the missiles were fired from the area controlled by the Iran-backed Houthi rebels, describing it...
  • The Houthi attacks are endangering a transit route that carries up to 12% of global trade
  • US forces in Iraq and Syria have also repeatedly come under fire from drone and rocket attacks

GCC makes pivotal strides in development, diplomacy

In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.
  • In 2023, the region including Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait, collectively advanced in technology and sustainable development, achieving global integration.
  • From Saudi Arabia's ambitious Al-Diriyah project to the UAE's leadership role in hosting COP28, each nation contributed uniquely to the region's dynamic presence on world stage.

Hamas denounces US munitions ’emergency’ sale to Israel

Gaza City, Palestinian Territories - The Strip's Hamas rulers on Saturday condemned the US approval of a $147.5 million sale of...
  • The United States announced the sale of the 155mm artillery munitions on Friday under an emergency provision.
  • Hamas said the sale was "clear evidence of the American administration's full sponsorship of this criminal war".