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: US envoys want democracy back

Jon Finer, the deputy national security advisor, and the top US diplomat for the Middle East, Joey Hood, traveled to...
  • Jon Finer, the deputy national security advisor, and the top US diplomat for the Middle East, Joey Hood, traveled to Tunis and met both Saied and civil society leaders
  • Finer delivered a message from President Joe Biden "urging a swift return to the path of Tunisia's parliamentary democracy."

OFID lends Jordan $70m to boost economy

The loan is expected to be used to provide for stimulus packages to for workers and create new jobs.
  • The loan will support the creation of some 14,500 jobs in the forestry and tourism sectors
  • It will also promote the employment of fresh graduates in the ICT sector, and strengthen the staffing of healthcare institutions

US’ Iran sanctions target Omani man, firms

The US Department of Treasury said the sanctions are on ‘individuals and businesses’ involved in a network that smuggled oil...
  • The US has sanctioned an Omani national Mahmood Rashid Amur Al Habsi, who it said helped smuggled oil out of Iran
  • On the list of sanctions are also two companies owned by Al Habsi, and a tanker used to ferry oil

Clashes in Syria’s Daraa: What is the fighting about?

Daraa, which borders Jordan and is close to the Israeli-occupied Golan Heights, is widely seen as the cradle of the...
  • Nearly half of the population of Daraa has fled heavy shelling and ground battles.
  • Civilians were suffering from acute shortages of food, fuel, water and medicines, says UN Special Envoy.

Speed up Covid-19 origin studies: WHO

Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Locating origins of the pandemic began important for establishing the origins of all future animal-human spillover events, WHO said.
  • Advises against blame game or politicizing the pandemic situation.

Palestinians get 150,000 doses of Pfizer virus vaccine

A Health Ministry statement said that of 4 million doses ordered from the pharmaceutical giant, 1 million have been received...
  • On Thursday, authorities identified 199 new infections in the West Bank, which is home to 2.8 million Palestinians.
  • There have been 2,503 deaths from coronavirus in the West Bank out of a recorded 200,838 cases.

Lebanon leaders, central bank lock horns over fuel subsidies

In a country suffering from one of the worst economic crises in the world, this could effectively raise prices for...
  • The central bank on Wednesday ended subsidies on imported fuel, and instead offered importers a line of credit
  • Caretaker Prime Minister Hassan Diab said the move ‘contravenes the law’

UK, US interferences threaten regional stability: Iran

Iran’s Supreme National Security Council Secretary Ali Shamkhani reportedly issued this warning in a meeting with Iraqi Foreign Minister Fuad...
  • A top Iranian security official accused the UK and the US of continued “meddling” in the internal affairs of the regional countries
  • He added that countries in the region are able to ensure their security without external interference

Emiratis in 18-24 age group 61 percent of Expo 2020 volunteers

The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, say Expo statement.
  • Volunteers drawn from all segments of society will manage the 182-day event's vast array of activities, events.
  • The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, says Expo statement.

US urges OPEC+ to pump more oil

US national security adviser Jake Sullivan has criticized the world's major oil producers over their production speed.
  • The US believes lower oil prices resulting from slower pumping would be detrimental to a global economic recovery
  • As such, it has said it is engaging with ‘relevant OPEC+ members’ to urge them to extract more oil

Flames and smoke in aftermath of crashed India passenger jet

While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...

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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.

Israeli army strikes renders Gaza’s Al-Ahli hospital non functional

TEL AVIV, ISRAEL - One of the last remaining hospitals in the northern Gaza Strip stopped operating on Tuesday after...

UNICEF terms Gaza world’s ‘most dangerous place’ for children

Geneva, Switzerland - Gaza is "the most dangerous place in the world" for a child, the UN children's agency spokesperson said...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UNSC stumbles for common ground on Gaza, delaying ceasefire vote

Israel -- backed by its ally Washington, a veto-wielding permanent Security Council member -- has opposed the term "cease-fire." This...
  • The current struggle comes after an impasse earlier this month, when the US, despite unprecedented pressure from UN chief Antonio Guterres, blocked the adoption of UNSC resolution.
  • Last week, the General Assembly adopted the same nonbinding resolution by 153 votes to 10, with 23 abstentions, out of 193 member states.

French government battles to save flagship immigration bill

Paris, France - The French government of President Emmanuel Macron on Tuesday was battling to salvage a flagship immigration reform following...
  • The government regards the legislation -- which generally tightens immigration rules -- as crucial to seizing the initiative on the issue from the far-right
  • The chief obstacle is that the right wants to make social security benefits for foreigners conditional on five years of presence in France or 30 months for those who work

First commercial trucks enter Gaza since war: US

State Department spokesman Matthew Miller said that the first private trucks entered Saturday and more came through on Monday. Miller,...
  • The commercial trucks came through the Rafah crossing between Gaza, which is controlled by Hamas, and Egypt
  • State Department spokesman Miller said that the arrival of commercial trucks was the "result of intensive diplomacy" by US officials