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

Saudi and Abu Dhabi crown princes review bilateral relations

Saudi Arabia's Crown Prince Mohammed bin Salman and the Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed reviewed issues of...
  • Saudi Arabia's Crown Prince Mohammed bin Salman and the Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed reviewed issues of common interest vital to both countries
  • The two reviewed the latest regional and international developments and also talked on mutual relations between the kingdom and the UAE.

Blinken in Doha for Afghan crisis talks with Qatar

Blinken, accompanied by Defense Secretary Lloyd Austin, is the most senior US official to visit the region since the Taliban's...
  • "We are thankful for Qatar's close collaboration on Afghanistan," the State Department said ahead of Blinken's arrival in Doha
  • Blinken would discuss with Qatar its efforts, alongside Turkey, to reopen Kabul's ramshackle airport

South Korea mulls reviving FTA talks with GCC

The two sides have not had a mutual FTA for more than 10 years now.
  • South Korea and the GCC agreed to negotiate an FTA in 2007, but talks have been stalled since 2009
  • Now, Korean Trade Minister Yeo Han-koo will soon meet his UAE counterpart Thani Al-Zeyoudi virtually in this regard

Saudi Arabia and Qatar review bilateral relations

In a sign of further improvement in the strained relations between Saudi Arabia and Qatar, Sheikh Tamim Bin Hamad Al-Thani,...
  • Earlier, the Saudi interior minister visited the Doha National Command Center
  • During the reception, they reviewed bilateral relations and the existing security cooperation between both countries

‘Transparency key to success for corporates in MENA’

Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner...
  • Regulators across sectors are proactively evolving national laws and regulations to ensure that businesses perform as responsible stewards in the market, says Jamal Fakhro
  • Majority of businesses in the region which have adopted corporate accountability and transparency are driving the shift in the market, adds the Managing Partner at KPMG Bahrain

Social cost of 2019’s plastic more than GDP of India

There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...
  • It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.
  • Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.

Panjshir resistance calls for ceasefire, Taliban withdrawal

The NRF said spokesman Fahim Dashty -- a well-known Afghan journalist -- and General Abdul Wudod Zara had been killed...
  • The Taliban claimed to have captured almost the entire valley, but pro-NRF social media accounts denied this.
  • Panjshir fighters held out for a decade against the Soviet military and also the Taliban's first regime from 1996-2001.

UAE, Brazil discuss cooperation in space field

UAE’s Ambassador to Brazil, Saleh Ahmed Al Suwaidi, discussed the ties with Brazilian space agency AEB’s President Carlos Moura. He...
  • The two countries discussed various possible areas for cooperation in the space sector
  • Brazil also thanked the UAE for its inclusion of space-science topics in Expo 2020 Dubai

Hyperinflation imminent in Lebanon: Nasser Saidi

A crushing economic crisis, a sharp collapse of the local currency and a bankrupt banking sector are adding to the...
  • Lebanon's banking sector must reduce the size by at least 50 percent if not more, says senior economist Nasser Saidi
  • Lebanon, he says, will take 5–7 years to recover if it agreed to an IMF program within the next three months

Afghan crisis cements Qatari global influence

Doha's long-standing hotline to the Taliban has helped Qatar burst onto the world stage with its efforts to assist Kabul...
  • Qatar invited the Taliban to open a political office in Doha in 2013.
  • Saudi Arabia, along with the UAE, Bahrain and Egypt, cut ties with Doha in 2017, accusing it of backing Islamist groups and Iran.

Activists marching to Gaza say were stopped in Libya, Egypt

Pro-Palestinian activists seeking to march to Gaza with the stated aim of breaking Israel's blockade on the territory were stopped...

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Six Turkish soldiers dead in Iraq after PKK attack

Ankara, Turkey - Six Turkish soldiers were killed and one wounded when their base in northern Iraq was attacked by members...

War affects Christmas festivities in southern Lebanon

Qlayaa, Lebanon - In the Lebanese Christian border village of Qlayaa, the priest urged his parish to keep the Christmas spirit...

UN expresses ‘alarm’ at spreading violence in Sudan

The Council in a joint statement denounced attacks on civilians and the spread of the violence "into areas hosting large...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi defense minister hosted by UK counterpart at Lancaster House in London

Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin...
  • Upon Prince Khalid bin Salman's arrival, a formal reception ceremony was held, featuring a review of the guard of honor
  • The two sides discussed strengthening the strategic partnership between the UK and Saudi Arabia

UK terms UN resolution on Gaza as ‘good news’

UK Foreign Secretary David Cameron termed it good news that that the UN has come together to "back a resolution...
  • Cameron said that the resolution also calls for steps towards a sustainable ceasefire
  • Russia and the United States abstained, meaning it passed with 13 votes in favor

UNSC approves aid resolution as Gaza crisis mounts

As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza,...
  • As fighting between Israel and Hamas intensifies, the UN Security Council has passed a resolution to enhance aid to Gaza, where civilians face severe hardships.
  • Escalating conflict between Israel and Hamas in Gaza has led to over 410 deaths in 48 hours and intense urban warfare, triggering a severe humanitarian crisis.