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

Iran slams US for ‘addiction’ to sanctions, ‘dead end’ policies

Foreign ministry spokesman Saeed Khatibzadeh said President Joe Biden was following the same "dead end" policies as Donald Trump. Khatibzadeh’s...
  • Under Trump's presidency, Washington unilaterally withdrew from the 2015 nuclear agreement between Tehran and six major powers.
  • Biden has said he wants to reintegrate Washington into the pact, but talks in Vienna that began in April have stalled since Ebrahim Raisi won Iran's presidential election in June.

Syria agrees to help Lebanon get gas, electricity

The country has said it is ‘ready’ to help Lebanon with ‘transit for Egyptian gas and Jordanian electricity via Syrian...
  • Lebanon’s fuel shortage has reached such proportions that millers have warned they might have to stop making bread
  • Meanwhile, Unicef has said 4 million Lebanese could lose access to water as pumps run out of fuel

Two years after normalization of ties, Israel names first envoy to Bahrain

Eitan Na'eh had served for eight months as the temporary head of mission at the Israeli embassy in the United...
  • The move came two days after the first Bahraini ambassador to Israel, Khaled Yousif Al Jalahma, inaugurated the Gulf state's embassy in Israel
  • The UAE and Bahrain signed the US-brokered agreements to establish diplomatic relations with Israel in September 2020

Why Golden Residency is not a privilege

Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...
  • The UAE is the only Middle Eastern country that issues Golden Visas.
  • In 2010, the first golden visa program was launched in Latvia.

US Secretary of State to visit Qatar on Afghan crisis trip

Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the...
  • Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the final days
  • Defense Secretary Lloyd Austin will leave on a trip Sunday that also begins in Qatar and will also include Bahrain, Kuwait and Saudi Arabia

Iran discusses oil cooperation with China

Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...
  • Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC
  • CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday

IsDB launches $100m fund in Uzbekistan

The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.
  • The economic development fund is expected to generate 100,000 jobs in the country which is struggling with poverty
  • The new fund is part of the IsDB’s series of development activities in Uzbekistan, which so far stand at $2.4 billion in value

Taliban close to forming government

The announcement of a cabinet may take place on Friday following afternoon prayers
  • The announcement of a cabinet may take place on Friday following afternoon prayers
  • The Islamist militants, who have pledged a softer brand of rule than during their brutal reign of 1996-2001, must now transform from insurgent group to governing power

Qatar team in Kabul for restart of ‘airport operations’

A technical team has landed in Kabul to discuss the resumption of airport operations after the Taliban takeover of Afghanistan,...
  • The goal is to resume flights for both humanitarian aid and to provide freedom of movement
  • Taliban, according to reports, has 'officially asked Qatar to help with managing the airport as soon as possible'

Taliban parade as Biden defends US pullout

The Taliban celebrated the US withdrawal, which was completed on Monday, as a major victory after taking control of Afghanistan...
  • Talks are ongoing as to who will now run Kabul airport.
  • Qatar has urged the Taliban to ensure "safe passage" for people still desperate to flee.

US judge extends detention of pro-Palestinian protest leader

Pro-Palestinian student protest leader Mahmoud Khalil remained in US detention Friday despite an expected release, his lawyer said, following reported...

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Ukraine says it shot down three Russian Su-34 fighters

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN resolution urges more aid for Gaza as death toll rises

Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...
  • The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.
  • It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".

UN says Gaza on cusp of famine due to Hamas-Israel war

The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote on...
  • The entire population of Gaza faces "an imminent risk of famine", according to a UN-backed global hunger monitoring system.
  • With homes destroyed, they are living in crowded shelters and struggling to find food, fuel, water and medical supplies

Lebanon to adopt UN border resolution if Israel complies

Lebanon is ready to implement a UN resolution that would help end Hizbollah's cross-border attacks on Israel if Israel also...
  • The solution to the current cross-border hostilities "is the implementation of international resolutions", including Resolution 1701, Lebanese PM said.
  • The Lebanese PM was referring to territory claimed by Lebanon that remains occupied following Israel's withdrawal from the country's south in 2000.