INSEAD Day 4 - 728x90

UN

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
  • US accuses Sudan of threatening to expel UN mission

    United Nations, United States--The United States on Wednesday accused Sudan of having threatened to expel the United Nations mission from the war-torn country if the UN envoy, already in Khartoum's crosshairs, speaks before the Security Council on the atrocities of the conflict. During a session devoted to Sudan and South Sudan,...
  • Iraq’s extreme temperatures a ‘wake-up call’ for world: UN

    It has been experiencing its fourth consecutive summer of drought, and temperatures in the country have been around 50 degrees Celsius. "Rising temperatures plus the drought, and the fact that the loss of diversity is a reality, is a wake-up call for Iraq and for the world," UN human rights...
  • 41 migrants missing after new Mediterranean shipwreck

    The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian port of Sfax, said a joint statement from the UN agencies for refugees, children and migration. The survivors -- a 13-year-old boy on his own, a woman and two men...
  • Medical charity assails UN failure to renew Syria aid route

    Through an arrangement that began in 2014, the UN delivered relief to the areas directly through the Bab al-Hawa crossing from Turkey. But last month, the UN Security Council failed to reach consensus on extending the key aid route. The Syrian government has said it will allow humanitarian aid to pass...
  • Palestinians bury teenage killed by Israeli settlers in West Bank

    In a statement, the Israeli army cited Palestinian reports and witnesses as saying clashes broke out between Palestinians and Israeli civilians who were herding sheep near Burqa village. Both sides threw rocks, the Palestinians let off fireworks and "Israeli civilians shot towards the Palestinians," the army said.
  • Nearly 14m children in Sudan need aid, says UNICEF

    NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support civilians affected by the crisis in Sudan, including roughly 14 million children. Ted Chaiban, Deputy Executive Director for Humanitarian Action and Supply Operations at the UN children’s agency (UNICEF), and...
  • Eni, British Petroleum, Sonatrach say resuming operations in Libya

    Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict, involving foreign powers and a myriad of militias, since a NATO-backed revolt toppled strongman Moamer Kadhafi in 2011. Over the past decade, Libya has been regularly plagued by clashes...
  • Extensive war crimes being committed in Sudan: Amnesty

    Amnesty said scores of women and girls, some as young as 12, have been subjected to sexual violence, including rape, with some held for days in conditions of sexual slavery. For its report, Amnesty said it had interviewed more than 180 people, primarily in eastern Chad where refugees from Darfur...
  • Migrants lurch between life and death in Tunisia-Libya desert

    In the unbearable midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on the reddish-brown desert sand. The man is one among hundreds of migrants arriving daily in Libya after being abandoned in the desert borderland by Tunisian security forces, according to...
  • Saudi Arabia approves $1.2 bn grant to boost Yemen’s flagging economy

    Yemen's finance minister and central bank governor as well as the Saudi ambassador were expected to disclose details of the grant at a signing ceremony in Riyadh. Since 2015, Riyadh has led an international coalition backing the Aden-based government in its war against Houthi rebels, who seized the capital Sanaa...
  • US delegation presses Taliban at Doha meeting on women’s rights

    The closed-door meeting was one of the highest-level known gatherings of US and Afghan government officials in months, with the Washington team headed by Special Representative Thomas West and Kabul's by Foreign Minister Amir Khan Muttaqi. The US statement did not, however, identify the Afghan representatives -- describing them only...
  • UAE oil giant ADNOC pledges to ‘accelerate’ zero-carbon plan

    ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050," the company said in a statement. It said it intends to "increase its investments and redouble efforts in decarbonization," relying on an initial financing of $15 billion for "low-carbon solutions"...
  • Six killed in Palestinian refugee camp in Lebanon clash

    The fighting between Fatah and Islamists in the camp, which erupted overnight and subsided by the evening, killed a Fatah military leader and four of his colleagues, the secularist movement said. A ceasefire was agreed from 6:00 pm (1500 GMT) during a meeting of Palestinian factions including Fatah, also attended...
  • Dubai Customs clears TIR carnet transactions worth US$38.7m

    DUBAI, UAE - Dubai Customs has, to date, processed 214 customs transactions worth US$38.7 million (AED142.2 million) under cover of the International Road Transport (TIR Carnet) system, the global customs transit procedure. Dubai Customs cleared the first transit consignment under the TIR carnet in 2020. Dubai Customs is a signatory...
  • Russia, Africa build a new, fairer global architecture

    "I would like to note that the African continent is emerging as a new center of power right before our eyes. It has been demonstrating exponential growth in terms of its political and also economic roles. Everyone will have to reckon with this objective reality," adds Putin during the second...
  • 8 civilians, 7 soldiers killed in separate Yemen blasts

    A government security official said that "an arms dealer was killed along with his wife and five of his children and another eighth person inside the family's home while dismantling a projectile left over from the war". Another security official confirmed the death toll of the incident, which took place...
  • Rights groups urge Jordan to scrap ‘draconian’ cybercrime bill

    The Jordanian government recently referred the draft bill to parliament for discussion with a view to amending a 2015 cybercrime law. The amendments would toughen penalties for those seen to have committed cybercrimes including spreading disinformation, with those found guilty potentially facing prison time.
  • ‘Time for peace’ in Sudan, Darfur: Rapid Support Forces envoy

    The conflict broke out in the capital Khartoum on April 15 and spread to Darfur, leaving at least 3,000 dead across Sudan and hundreds of thousands displaced. The war has pitted army chief Abdel Fattah al-Burhan against his former deputy Mohamed Hamdan Daglo, commander of the paramilitary RSF forces.
  • Library battles on to restore Palestinian history

    The library has continued to preserve cultural heritage in Jerusalem through their restoration and digitisation, with support from local and international organizations.
  • UAE and UN to boost climate action cooperation in run up to COP28

    New York, US--The UAE and the UN have discussed joint cooperation and partnership on government experience exchange, global climate action and sustainable development as the UAE gears up to host COP28. In this regard, a senior UAE delegation met Selwin Charles Hart, the Special Adviser to the UN Secretary-General on...
  • G20 nations fall short of common plan on fossil fuels

    NEW DELHI, INDIA - Energy ministers from the group of 20 nations meeting in India on Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix. A final statement after the meeting did not even mention coal, a major contributor...
  • Suspect identified in UN personnel’s killing in Yemen, says official

    DUBAI, UAE - Authorities in Yemen have identified a suspect in the killing of a World Food Program official in the southern Taez province, a security official has told AFP. Moayad Hameidi, the head of the UN food agency's office in Taez, was killed in a shooting on Friday in the...
  • Bahrain and US assert commitment to freedom of maritime navigation

    Dubai, UAE-- Bahrain and the US have reaffirmed their commitment to freedom of navigation in international waters. They reiterated the importance of ensuring safe passage for commercial shipping in the Strait of Hormuz and condemned acts that put freedom of navigation in jeopardy. The joint statement came after a meeting...
  • UAE emissions plan ‘insufficient’, say climate groups

    PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis on Thursday that hit out at the oil-rich nation for allegedly undermining its own targets with plans to increase fossil fuel production. The UAE, which will host the COP28 United...
  • Severe heat a cause of worry for healthcare system, says WHO

    GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least able to cope the hardest, the World Health Organization said on Wednesday. The WHO said the heat often worsens pre-existing conditions, saying it was particularly concerned about those with cardiovascular...
  • Iraq’s marshes along with a way of life are dying

    Even at their center in Chibayish, only a few expanses of the ancient waterways - home to a Marsh Arab culture that goes back millennia - survive, linked by channels that snake through the reeds.
  • One dead, hundreds of migrants rescued off Morocco: media

    The Spanish islands have long been a draw for migrants seeking a better life in Europe, with many boats setting off from the coastline of Morocco, Western Sahara, Mauritania and Senegal. But the Atlantic route to the Canaries is particularly dangerous due to the strong currents, with migrants travelling in...
  • Saudi Arabia and Bahrain to collaborate on speeding up sustainable development

    New York, US--Saudi Arabia and Bahrain are looking to collaborate in order to speed up the sustainable development goals, aligning them with government programs under the 2030 Agenda. In this connection, discussion took place at a joint meeting between Amna bint Ahmed Al Romaihi, Minister of Housing and Urban Planning, Noor bint Ali Alkhulaif, Minister of...
  • Ukraine to continue grain exports despite Russia’s exit from deal

    Putin has been threatening to pull out of the arrangement, arguing that elements of the deal allowing the export of Russian food and fertilizers have not been honored. Russia also accuses rich countries of profiting from the bulk of Ukrainian exports. But Zelensky says that "60% of the volumes" were...
  • Millions will ‘pay the price’ of Russia’s grain deal exit: UN chief

    The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people face hunger and consumers are confronting a global cost-of-living crisis. They will pay the price," the UN chief said.
  • Libya border guards rescue migrants in desert near Tunisia

    Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand and using shrubs to try and shield themselves from the scorching summer heat that topped 40 degrees Celsius. The group were in an uninhabited area close to Al-Assah, a town...
  • War-scarred Sudan refugees face soaring rent prices in Cairo

    As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting and sexual violence -- property owners in Cairo saw an opportunity. Inflation in Egypt hit a record high of 36.8 percent in June, and the pound has lost half its...
  • Production restarts at Libya oil fields after protests end

    Tripoli, Libya - Oil production has resumed at two major Libyan oil fields, the oil ministry said Sunday, after a brief shutdown by demonstrators protesting the arrest of a former minister. "Operations have resumed in the Al-Sharara and Al-Fil oil fields... after they were suspended" Thursday, said the ministry, part of...
  • Almost the entire world is experiencing record heatwaves

    Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...
  • Tunisia rights groups urge aid, shelter for stranded migrants

    Hundreds of migrants fled or were forced out of Tunisia's second-largest city after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants. The port of Sfax is a departure point for many migrants from impoverished and violence-torn countries seeking a...
  • Damascus conditions for cross-border aid ‘unacceptable’: UN

    A letter this week from Syrian authorities allowing use of the border crossing between Turkey and Syria "contains two unacceptable conditions," according to a document sent to the UN Security Council from the Office for the Coordination of Humanitarian Affairs (OCHA). The 15 UN Security Council members had been trying...
  • Sudan summit pleads for peace as UN reports mass grave in Darfur

    Amid reports of a mass grave having been found in the country's Darfur region, the African leaders summit exhorted an end to the fighting in Sudan. The ICC meanwhile said it has begun a new probe into alleged war crimes in the country, adding that the spiraling violence was a...
  • Israeli fire wounds Hezbollah members near Lebanon-Israel border: security source

    The Israeli army said in a statement that "a number of suspects approached the northern security fence with Lebanon and attempted to sabotage the security fence in the area". The Israeli military released footage it said was of the incident showing several people approaching the fence before an apparent blast...
  • UN rights council condemns Quran burnings despite splits

    Despite overwhelming condemnation of the Muslim holy book being desecrated, the vote brought more division than unity as Western nations said that more negotiation could have resulted in a unanimous consensus. Pakistan and other Organisation of Islamic Cooperation (OIC) countries brought forward a resolution after an Iraqi refugee burnt pages...
  • COP host UAE vows to cut more emissions in latest plan

    The oil-rich Gulf monarchy, which will host this year's COP28 UN climate talks, last week unveiled plans to cut domestic emissions by 19 percent of 2019 levels by 2030. Under these plans, the UAE would contribute to keeping warming to "just below" 2.0 degrees Celsius above pre-industrial levels, the UAE's...
  • United Nations fails to agree on extending vital Syria aid lifeline

    Russia vetoed a nine-month extension of the agreement allowing for the conduit during a vote at the UN headquarters in New York, and then failed to muster enough votes to adopt just a six-month extension. The UN-brokered agreement that allows for the delivery of aid overland from Turkey into rebel-held...
  • UN warns Sudan faces ‘full-scale civil war’ as air raid kills 22

    The health ministry reported "22 dead and a large number of wounded among the civilians" from what it described as an air strike Saturday on Khartoum's sister city Omdurman, in the district of Dar al-Salam, which means "House of Peace" in Arabic. After nearly three months of war between Sudan's...
  • Libyan rival leaders to work together for oil income

    TRIPOLI, LIBYA- Rivals in politically divided Libya have agreed to form a committee on sharing oil revenues, a move welcomed on Saturday by the UN, after military strongman Khalifa Haftar sought a "fair" split. Haftar, who backs the country's eastern administration, had last Monday called for a committee to address the...
  • EU official denounces Israel for attacking West Bank refugee camp

    A European envoy blasted Israel over the "proportionality" of the force it uses, as international envoys toured Jenin refugee camp in the occupied West Bank following this week's deadly raid. His remarks echoed UN chief Antonio Guterres who had said, "there was an excessive force used by Israeli forces" in...
  • AI robots at UN say they could run the world in a better way

    GENEVA, SWITZERLAND -  A panel of AI-enabled humanoid robots told a United Nations summit on Friday that they could eventually run the world better than humans. But the social robots said they felt humans should proceed with caution when embracing the rapidly-developing potential of artificial intelligence. And they admitted that they...
  • Global food prices fall to lowest level in two years in June

    Dubai, UAE -- The World Price Index of the Food and Agriculture Organization of the United Nations (FAO) fell last June to its lowest level in more than two years, driven by the lower cost of sugar, vegetable oils, cereals and dairy products.The organization's index that tracks the prices of...
  • Climate change tests limits of Mediterranean wildfire strategy

    In the northwest United States they say the average expanse of forest destroyed by wildfires annually doubled between 1984 and 2015 as a result of human-induced warming -- an area bigger than Switzerland. Despite the efficient strategy and a prevention campaign -- most forest blazes are sparked by humans --...
  • Energy prices may jump if output slashed, warns Shell CEO

    LONDON, UK - Shell's chief executive told the BBC on Thursday that cutting gas and oil output would be "irresponsible" because it could further lift energy bills and worsen the cost-of-living crisis. Wael Sawan was asked about recent comments from UN head Antonio Guterres, who had declared it was "moral and...
  • COP28 chair Sultan Al Jaber urges energy firms to cut emissions

    Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decarbonize its operations and take collective action to eliminate operational emissions".
  • Families of Israelis missing in Gaza seek UN, Red Cross help

    Israeli soldiers Oron Shaul and Hadar Goldin were killed during Israel's 2014 invasion of the Gaza Strip, and their remains are in the hands of Gaza's Islamist rulers Hamas -- although the militant group has never confirmed their deaths. Hamas are also thought to be holding two Israeli civilians who...