INSEAD Day 4 - 728x90

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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

Oil and gas sector in Arab countries attracts projects worth $406bn

Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies,...
  • United States topped the list as the most important investing country in the Arab region in the oil and gas sector with 85 projects.
  • Russia ranked first in terms of investment costs, with a value of US$ 61.5 billion, representing about 15.2 percent of the total.

Turkey joins South Africa’s Israel ‘genocide’ case at ICJ

A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
  • South Africa's Dec 2023 case alleges that Israel's Gaza offensive, launched in retaliation for Hamas' bloody October 7 attack on Israel, breached the 1948 UN Genocide Convention.
  • In a ruling January 26, the ICJ told Israel to do everything possible to prevent acts of genocide during its military operations in Gaza, which have left nearly 40,000 dead.

Bangaldesh Nobel winner Yunus ready to lead after Hasina flees

Dhaka, Bangladesh -- Bangladesh Nobel winner Muhammad Yunus said Tuesday he is ready to head a caretaker government, a day after...
  • Microfinance pioneer Yunus, 84, is credited with lifting millions out of poverty -- earning the enmity of ousted Hasina and the wide respect of millions of Bangladeshis.
  • Army chief General Waker-Uz-Zaman announced Monday the military would form an interim government, saying it was "time to stop the violence".

Abu Dhabi to host Loop CEE travel fair for first time in Middle East

Abu Dhabi, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral will host...
  • The luxury travel fair is being organized by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral.
  • Over the course of five days, each exhibitor will have the opportunity to conduct 62 appointments, each lasting for 15 minutes.

G7 foreign ministers met by videoconference over Mideast: Italy

Rome, Italy -- G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed "strong concern" over the...
  • "Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis," Italian foreign minister said.
  • The foreign ministers, it said, "reiterated the priority of a favorable conclusion of the negotiations on the ceasefire in Gaza and the release of hostages".

Travellers rush to leave Lebanon amid spiking tensions

Several airlines including Lufthansa and Air France have delayed or suspended flights to Lebanon, and countries have issued urgent calls...
  • Fears have spiked that months of cross-border violence could degenerate into all-out conflict between Hezbollah and Israel, who last fought a devastating war in the summer of 2006.
  • Embassies have repeatedly urged their citizens to leave Lebanon while commercial flights are still available.

Thousands bid farewell to Ismail Haniyeh in Qatari capital

Haniyeh was laid to rest in Lusail, north of the capital Doha, following funeral prayers at the Gulf emirate's largest mosque...
  • "In this moment, I buried my soul under the dirt and I departed. I departed with all the pain of the world in my ribs," she captioned the video uploaded on X.
  • Mourners earlier on Friday lined up inside Imam Muhammad bin Abdul Wahhab Mosque, where Haniyeh's casket, draped in a Palestinian flag, was briefly carried in.

Iran, allies ready Israel response as funerals held for Haniyeh, Shukr

Hezbollah chief Hassan Nasrallah, addressing the funeral of the Lebanese group's top military commander, said Israel and "those who are...
  • The international community has called for calm and a focus on securing a ceasefire in the Gaza Strip -- which Haniyeh had accused Israel of obstructing.
  • The prime minister of key ceasefire broker Qatar said Haniyeh's killing had thrown the whole Gaza war mediation process into doubt.

British Petroleum to develop four new oil and gas fields in Iraq

Baghdad, Iraq -- Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas...
  • BP is one of the biggest foreign players in Iraq's oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate.
  • According to the World Bank, Iraq has 145 billion barrels of proven oil reserves -- among the largest in the world -- amounting to 96 years' worth of production at the current rate

UNSC to hold emergency meeting over Hamas chief’s killing

The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for...
  • Iran's UN envoy Amir Saeid Iravani called on members to "condemn unequivocally and strongly the acts of aggression and terrorist attacks" by Israel.
  • He also urged council members to take "immediate action to ensure accountability for these violations of international law," including potential sanctions.

To build a knowledge economy, the GCC must bet on its young minds

In Saudi Arabia, more than 60 percent of the population is under 30, and across the GCC, over 50 percent...

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Turkey’s 5,000-year-old bread finds new life

Round and flat like a pancake, 12 centimeters (five inches) in diameter, the bread was discovered during excavations at Kulluoba,...

Is Cristiano Ronaldo leaving Saudi Arabia? Cryptic post fuels speculation

Riyadh, Saudi Arabia --  Questions swirled over Cristiano Ronaldo's future in Saudi Arabia on Tuesday, hours after the superstar indicated...

Iraq’s first ever director in Cannes wins best feature debut

Hasan Hadi won the top prize for his childhood adventure under economic sanctions in "The President's Cake".
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Morocco to reopen embassy in Syria after Assad fall

Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...
  • The decision was announced in a letter from King Mohammed VI to Syria's interim President Ahmed al-Sharaa
  • The letter said Morocco backed the Syrian people "in their quest for freedom, security, and stability."

US announces new sanctions against Iran amid talks

The United States announced new sanctions Monday against Iran over its nuclear program, despite ongoing negotiations between the two countries...
  • The latest sanctions target three Iranian citizens and an Iranian entity with links to Tehran's Organization of Defensive Innovation and Research,
  • The discussions began last month and aim to seal a new accord that would prevent Iran from having a nuclear weapon. Tehran denies seeking to build one

India and Pakistan rivalry boils after Kashmir attack

India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after...
  • India's measures, including the suspension of a key water-sharing treating and closure of the main land border crossing
  • The killings have shocked New Delhi, as they marked a dramatic shift targeting civilians and the area's vital tourism industry