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

Tunisia: Thousands rally against President Saied

Protesters waving the Tunisian flag gathered Sunday outside the municipal theatre in Tunis
  • Protesters waving the Tunisian flag gathered Sunday outside the municipal theatre in Tunis
  • The president made his power grab on July 25 after months of political stalemate and in the midst of the Covid pandemic

Sharjah to showcase its FDI potential at Dubai Expo 2020

Invest in Sharjah has confirmed participation at the world’s biggest fair and announced it will host discussions and specialized activities...
  • Sectors that will be promoted include culture and tourism, mobility and logistics, health and wellbeing and Greentech.
  • Emirate's investor-friendly climate is reflected in six free zones and the integrated business and licensing services, said Invest in Sharjah.

4 Palestinians killed during Israeli raids in occupied West Bank

Jerusalem: An Israeli operation to dismantle a Hamas cell in the West Bank sparked fierce gun battles at multiple locations...
  • Hamas confirmed its fighters had clashed with Israeli forces near Jerusalem and Jenin.
  • Islamic Jihad issued a statement identifying Osama Soboh as one of its "martyrs" who died in Burqin.

Special forces of UAE, Saudi Arabia, Egypt, Greece conclude military exercises

Special security forces of Saudi Arabia, the UAE, Greece and Egypt have completed joint drills in the Greek capital, Athens.
  • The drills are part of a program to enhance military cooperation between friendly countries
  • The training plan was conducted by the Royal Saudi Land Forces to maintain a high level of performance, training and combat efficiency

Cutting fossil fuel use key to environmental protection: IMF

The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...
  • Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.
  • Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.

Merkel prepares to leave the stage

Assuming she stays on to hand over power, Merkel will tie or exceed Helmut Kohl's longevity record for a post-war...
  • Merkel will pass the baton as the first German chancellor to step down entirely by choice, with a whole generation of voters never knowing another person at the top.
  • His Social Democratic opponent, Finance Minister Olaf Scholz, has actively -- and perhaps successfully -- sold himself as the real continuity candidate.

Saudi site Dawqara shows signs of civilization during the late Roman period

DUBAI: Dawqara, a place in Saudi Arabia's Northern Borders region, has shown signs of civilization during the late Roman period....
  • One of the most important artifacts of the site in Dawqara is a square palace built from volcanic stones.
  • Some stone tools have also been found at the site located in the Northern Borders region.

Morocco receives first batch of Turkish armed drones

Morocco took delivery earlier this month of Turkish combat drones, the Far-Maroc unofficial website dedicated to military news reported.
  • Morocco already uses drones for intelligence and surveillance operations along its borders
  • Media reports said Morocco signed a $70 million contract with the private Turkish company Baykar

Kuwait population down 0.9 percent in H1 due to expat exodus

DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...
  • More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
  • Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.

Sudan protesters block crucial oil pipelines

Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of...
  • Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country
  • The unrest comes as Sudan grapples with deep economic woes left in the wake of Bashir's ouster

Tens of thousands dressed in red rally in Dutch protest for Gaza

Rights groups such as Amnesty International and Oxfam organized the demonstration through the city to the International Court of Justice,...

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Gaza toll 20,674 as Netanyahu vows to intensify fighting in coming days

The Gaza health ministry said an Israeli strike late Sunday killed at least 70 people in Al-Maghazi refugee camp, in...

Regional players welcome ceasefire and political process in Yemen

Riyad, Saudi Arabia -- Key regional players have welcomed the agreement – involving a comprehensive set of measures aimed at...

Spain will not join US-led Red Sea coalition

The Houthis welcomed Spain's stance, with deputy foreign minister Hussein al-Ezzi saying "we highly appreciate Spain's refusal to be drawn...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Moroccans protest against Gaza war, Israel ties

The protesters were called to the streets by a disparate group of organizations backing the Palestinian cause, including left-wingers and...
  • The protestors in Rabat denounced what protest leaders called a "war of extermination"
  • In 2020, the north African country established diplomatic and trade relations with Israel

Tunisia records low turnout in vote for new chamber

More than 260 prominent Tunisian figures had signed a petition against what they called a "useless" election, saying Saied's government...
  • Just 11.66 percent of the nine million strong electorate turned out on Sunday for the vote to choose more than 2,000 councilors from around 7,000 candidates
  • The electoral authority is scheduled to give preliminary results on December 27. A second round is scheduled for February, with no set date as of now

Gaza war exacting ‘heavy price’ on Israel army: Netanyahu

Israeli prime minister said that in spite of the high toll in Gaza, the country had no choice but to...
  • Netanyahu said the war will go on until Hamas is eliminated and "we restore security"
  • The army said 14 soldiers had been killed in the Palestinian territory since Friday