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

Qatar to give $10m per month to Gaza families in aid

Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.
  • Qatar will transfer the aid funds before the end of August
  • The distribution of these funds will start in the month of September

Afghan evacuees touch down in UAE

About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.
  • The UK plans calling back 2,000 Britons and Afghan employees in the days ahead.
  • About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.

US to help Lebanon procure electricity

Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.
  • The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.
  • The global body also said the crisis could be among the top three in the world if it was not addressed immediately

Iran, China to discuss ways to expand cooperation

Iranian President Raisi told Chinese counterpart Xi Jinping his government would prioritize the expansion of bilateral relations.
  • Iran has bought 1 million doses of the Covid-19 vaccine from China, whose export it asked to be expedited
  • Chinese Premier Xi Jinping said his country would put in the maximum effort to help Iran receive the vaccines

IMF suspends Afghanistan’s access to SDR resources

The IMF is expected to complete a $650 billion allocation of Special Drawing Rights, the fund’s unit of exchange based...
  • IMF says the SDR has been suspended because there is no clarity at present on the recognition of the government in Afghanistan.
  • The war-ravaged country could access around $440 million in new monetary reserves.

Why Covid-19 jolted some Arab states?

The flaws in the health systems of some MENA countries such as Tunisia, Lebanon and Jordan, which were struggling with...
  • Tunisia's healthcare system appeared crumbling under the weight of recent infections caused by the Delta variant.
  • The Lebanese government's failure to pay dues to be public and private hospitals aggravated the Covid-19 crisis.

Egypt ties up with Sudan to map geothermal energy potential

The two countries will also expand the installation of fixed and mobile seismic stations.
  • With the world moving away from fossil fuels, countries across the world are turning to alternate sources of energy
  • This cooperation could help Sudan along those lines, as it looks to power more and more industries and households

US sanctions hamper medicine purchase, says Iran

Iran is currently experiencing its worst wave of new Covid-19 infections, in what is the third wave of the pandemic...
  • According to official figures, the seven-day average of new cases in the country was almost 40,000 on Tuesday
  • Till date, Iran has seen more than 4.5 million cases of Covid-19 infections, with more than 99,000 deaths so far

Afghanistan will be ruled by a council: Taliban leader

The insurgent group has made no official statement on the structure of their government even as a key Taliban member...
  • Former Afghanistan President Ashraf Ghani has said that he was “in talks” to return home.
  • UAE said on Ghani has been received in the country on humanitarian grounds.

Lebanon buries victims of fuel tank blast

The explosion on Sunday in the Akkar region scorched crowds clamoring for petrol that the army was distributing in light...
  • The kin of victims criticized the political leadership of the country.
  • Nearly 80 people were injured in the blast, many with burns that further overwhelmed hospitals struggling to function without electricity.

Israel says Hamas ‘weaponising suffering in Gaza’ as aid workers killed

Israel charged on Thursday that Hamas was "weaponising suffering in Gaza" after a US and Israeli-backed charity accused the Palestinian...

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EU reaches agreement on reforming bloc’s migration laws

Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...

Malaysia bans Israeli-flagged ships over Gaza war

Prime Minister Anwar Ibrahim in a statement said that ships bound for Israel will also be barred from loading cargo...

Strong Russia ties a strategic choice, says Xi Jinping

The Chinese president called for deeper bilateral cooperation during a meeting with Russia's Prime Minister Mikhail Mishustin in Beijing. The...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas chief to visit Egypt for Gaza ceasefire talks

According to a source close to the Palestinian Islamist group, Hamas chief Ismail Haniyeh is set to visit Egypt on...
  • The talks will focus on ending "aggression and the war" and the release of prisoners
  • Haniyeh's visit will be his second to Egypt since the start of the war on October 7

‘Qatar plays crucial role in enhancing transparency’

"Uzbekistan is eager to strengthen its cooperative relationship with Qatar, particularly in anti-corruption efforts. Qatar has achieved advanced rankings and...
  • Uzbekistan's Deputy Minister Ilkhom Norkulov commends Qatar's leadership in anti-corruption, applauding its efforts to enhance transparency and uphold the rule of law.
  • The Sheikh Tamim Bin Hamad Al-Thani ACE Award, hosted by Uzbekistan in its 7th edition, symbolizes Qatar's dedication to combating corruption globally, Norkulov adds.

GCC in the crossfire amid growing US-China tech war

Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.
  • Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.
  • The semiconductor battle, with Abu Dhabi-based G42 cutting its ties with Huawei, is a prime example of the region’s strategic maneuvering in this global power play.