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

Israeli foreign minister makes first visit to Bahrain, to open country’s embassy

Israel's Foreign Minister Yair Lapid began a landmark visit Thursday to Bahrain where he will open the Israeli embassy one...
  • The Israeli top diplomat touched down at Manama airport, where a Gulf Air plane was due to take off for the first commercial flight between the two countries shortly afterwards
  • Lapid is making Israel's first bilateral ministerial visit to Bahrain, part of a thaw in regional relations after the United Arab Emirates, Morocco and Sudan also established ties

Qatar to hold its first-ever Formula One Grand Prix

The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...
  • The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.
  • Qatar has also signed a 10-year deal to host Formula One from 2023.

Top Iraq cleric urges voting in parliamentary poll

The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the...
  • The statement from Grand Ayatollah Ali Sistani's office came against the backdrop of potentially high rates of abstention in the October 10 ballot
  • Initially expected in 2022, the vote was brought forward in a rare official concession to autumn 2019 protests

Erdogan, Putin meet to discuss Syrian conflict

The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi
  • The Russian leader hosted Erdogan at his Black Sea residence in the resort of Sochi
  • Russia and Turkey have had complex relations, balancing regional rivalries with common ground on economic and strategic interests

Morocco, Algeria slam France’s decision to slash visas

France on Tuesday said it would sharply reduce the number of visas granted to people from Algeria, Morocco and Tunisia,...
  • In Morocco, Foreign Minister Nasser Bourita told reporters the French decision was “unjustified”
  • Many of its Tunisian citizens displayed their concern Wednesday in front of the offices of TLS Contact, the private company authorised to receive applications for France

Iran, Saudi hold new round of talks in Iraq

The discussions, hosted by Iraq as it seeks to act as a regional mediator, were launched under Iran's former, moderate...
  • US ally Saudi Arabia and Washington's arch-foe Iran are at odds over many regional issues, including the wars in Yemen and Syria.
  • The talks have led to "serious progress" regarding Gulf security, Tehran's foreign ministry spokesperson Saeed Khatibzadeh said on September 23.

$80 oil sparks mixed fortunes for world economy

Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they...
  • Global supplies have been disrupted because US production remains hampered by the ongoing fallout from Hurricane Ida.
  • OPEC now expects global oil demand to exceed its pre-pandemic level in 2022 thanks to Covid vaccines and recovering economies.

Construction works complete on a stretch of UAE rail network

DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on...
  • The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km.
  • 40 percent of the network’s annual transport capacity has been reserved through commercial agreements.

Elon Musk wants US regulators to let cryptocurrency ‘fly’

Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free...
  • China's central bank last week said all financial transactions involving cryptocurrencies are illegal.
  • Tesla early this year announced it had bought $1.5 billion worth of Bitcoin.

OPEC sees oil demand growing over next two decades

The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand...
  • Developing countries will fuel demand while it will begin to fall in wealthier nations from 2023, said OPEC.
  • The OPEC report comes as Brent crude oil prices jumped above $80 per barrel for the first time in almost three years.

Israel pounds Iran from west to east in deepest strikes yet, Tehran police headquarters hit

Israel's military said its air force hit Mashhad airport in Iran's far east, making it the longest-range strike of the...

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Israel PM says no peace until Hamas destroyed

In an op-ed published in the Wall Street Journal on Monday night, Netanyahu vowed to stay the course. "Hamas must...

WHO decries deadly strike on Gaza refugee camp

Rows of victims' bodies, shrouded in white bags, lined the ground at Al-Aqsa hospital in Deir al-Balah, central Gaza, ahead...

Turkey to hold parliament debate for Sweden’s NATO bid

Sweden and Finland bids earned approval from all NATO members except Turkey and Hungary. They remain the only NATO members...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Displaced women in Gaza recount lives disrupted by war

GAZA, PALESTINIAN TERRITORIES-  A relentless Israeli military campaign, in response to deadly Hamas attacks on October 7, has upset the...
  • Israeli forces have launched a bombardment campaign and ground invasion of Gaza ever since Hamas launched its attack.
  • The United Nations estimates the fighting has displaced 1.9 million of Gaza's 2.4 million population.

Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact

MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...
  • Beni Mellal Chamber of Commerce, Industry and Services delegation head said that Saudi Arabia is Morocco's largest trading partner.
  • In 2022, the volume of Saudi Arabian exports reached US$4.6 billion, while the value of imports was US$87 million.

Senior Iranian general Razi Moussavi killed in Israeli strike in Syria

Razi Moussavi "was killed during an attack by the Zionist regime a few hours ago in Zeinabiyah district in the...
  • Iran's president Ebrahim Raisi vowed that Israel "will certainly pay" for the killing, calling it another sign of frustration of the "usurping Zionist regime".
  • Iran's state TV said Moussavi was targeted by "three missiles" and aired footage showing smoke rising from the area of the strike.