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
  • Dubai, UAE -- Global cereal production is expected to decline by 2% in the 2026/27 season to 2.982 billion tons, largely due to lower wheat harvests, the United Nations Food and Agriculture Organization (FAO) said in its latest Cereal Supply and Demand Brief. The projected decline follows a record 3.043...
  • UN Security Council vote on new Gaza ceasefire text postponed to Monday

    Eight of the council's 10 non-permanent members have been working on the draft, which also calls for the "immediate and unconditional" release of hostages seized by Hamas and the lifting of "all barriers" to humanitarian aid flowing into the besieged Gaza Strip.
  • UN official urges $4bn humanitarian aid for cash-strapped Syria

    Beirut, Lebanon - A UN official on Friday appealed for about $4 billion in humanitarian assistance for Syria, warning funding was almost non-existent and that lack of support would push more Syrians to emigrate. Syria's war, which began 13 years ago with the repression of anti-government protests, has killed more than...
  • Finland to resume funding to UN agency for Palestinian refugees

    Australia, Canada and Sweden, which were among those states, announced earlier this month they were resuming aid. Ten percent of the Finnish funding will be allocated to risk management, the minister said.
  • Poorer countries need money before raising climate targets, says COP29 head

    Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available to help them transition to cleaner energies, the chairman of this year's UN climate negotiations said Thursday. Addressing a ministerial climate meeting in Copenhagen, Azerbaijan's Mukhtar Babayev said "there is...
  • UN General Assembly to address AI’s potential risks, rewards

    The resolution focuses more on the technology's positive potential, and calls for special care "to bridge the artificial intelligence and other digital divides between and within countries." The draft resolution, which is the first on the issue, was brought forth by the United States and will be submitted for approval...
  • UN warns record e-waste in 2022 a catastrophe for environment

    On average, every person on earth generates roughly 7.8 kilograms (17 pounds 3 ounces) of e-waste each year, said the report from the UN Institute for Training and Research (UNITAR) and the International Telecommunication Union (ITU), another UN agency.
  • S.Africa says Israel war undermining top UN court

    South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she again alleged a campaign of starvation in Gaza. South Africa has hauled Israel before the International Court of Justice to allege genocide in the war triggered by the October 7...
  • UN says Israel may be using starvation as weapon of war

    "The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of humanitarian aid and commercial goods, displacement of most of the population, as well as the destruction of crucial civilian infrastructure," UN human rights chief Volker Turk said.
  • Israeli PM says civilians can leave crowded Rafah before invasion

    Israel has repeatedly threatened a ground offensive against Hamas in Rafah, where people shelter in tents crammed up against the Egyptian border. UN World Health Organization chief Tedros Adhanom Ghebreyesus urged against a military operation there, "in the name of humanity".
  • UN envoy urges Syria to rejoin Geneva constitution talks

    Damascus, Syria -- Visiting United Nations special envoy for Syria Geir Pedersen urged Damascus Sunday to rejoin talks to revise the country's constitution, warning that political dialogue was going "in the wrong direction". Syria's war, which began 13 years ago with the repression of pro-democracy protests, has killed more than 500,000...
  • In Gaza, there are no more ‘normal-sized babies’: UN official

    The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians, according to an AFP tally of official figures. Israel's retaliatory campaign has killed at least 31,490 people in Gaza, most of them women and children, according to the health ministry.
  • UN says 5 million at risk of starvation in Sudan

    The war between army chief Abdel Fattah al-Burhan and his former deputy, Mohamed Hamdan Daglo, has since April last year killed tens of thousands, destroyed infrastructure and crippled the economy. It has also triggered a dire humanitarian crisis and acute food shortages, with the country teetering on the brink of...
  • UN should organize more aid convoys for north Gaza: Israel

    An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north Gaza. The official said 99 percent of aid trucks sent to Gaza were "approved", pushing back on reports by the UN and NGOs that cumbersome Israeli inspections are blocking food...
  • UN probe: ‘No exchange of fire’ before Israel shelled media in Lebanon

    Two Israeli shells hit the group in quick succession as they were working near the border village of Alma al-Shaab on October 13, killing Reuters journalist Issam Abdallah, 37, and wounding two other Reuters journalists, two from broadcaster Al Jazeera and two from AFP.
  • Gaza aid port plans ‘sign of international weakness’: Amnesty

    Agnes Callamard, secretary general of Amnesty, said nobody was holding Israel to account over the delays to deliveries by land to the Gaza Strip. She said the international community must be prepared to hold Israel to account. "We're not holding the stick that will allow for those violations to stop,"...
  • Despite post-Covid development rebound, rich-poor gap widens: UN

    The rebound follows two years of decline, when, in 2021 and 2022, the global Human Development Index fell twice in a row for the first time since its creation 35 years ago, rolling back five years of progress. Now, the UNDP forecasts a record high in the index for 2023.
  • 230,000 children, new mothers risk dying of hunger in Sudan: NGO

    The bombing and destruction of fields and factories have plunged Sudan into "one of the worst" nutrition situations in the world, said Arif Noor, Save the Children's country director in Sudan. The charity warned "about 222,000 severely malnourished children and more than 7,000 new mothers are likely to die" under...
  • US troops depart for mission to build temporary Gaza aid port

    The first -- a hulking gray-painted watercraft known as a Logistics Support Vessel -- slowly churned away from the pier at Joint Base Langley-Eustis, Virginia. It was followed by three smaller vessels that will also make the roughly 30-day trip to the eastern Mediterranean for the port mission.
  • Situation in Red Sea has a limited impact on food exports so far, says FAO

    ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for foods monthly reflected in the FAO Food Price Index, Monika Tothova, the economist at the Food and Agriculture Organization of the United Nations (FAO) said. “Following on its 2023 and...
  • Gaza war rages on as Islamic holy month of Ramadan begins

    As the Muslim world welcomed Ramadan with the customary daytime fast, many Gazans awoke to bombardment that saw residents once more search through the rubble of destroyed homes for survivors and bodies.
  • UN head urges ‘silencing the guns’ in Gaza ahead of Ramadan

    "We have witnessed month after month of civilian killing and destruction at a level that is unprecedented in all my years as Secretary-General," he said.
  • Israel slams Canada, Sweden for resumption of UNRWA funding

    Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended it over Israeli accusations that several UNRWA employees were involved in the Hamas attack that triggered the ongoing war. Israel's foreign ministry called on both governments to cut funding and...
  • Aid boat ready to set sail from Cyprus for Gaza

    A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said, as fighting raged between Israeli troops and Hamas ahead of Ramadan. The sea route aims to counter aid access restrictions, which humanitarians and foreign governments have blamed on Israel.
  • Red Cross head says Gaza war ‘ruptured’ shared humanity

    Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee of the Red Cross said on Saturday. ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians caught...
  • US plan for Gaza aid transfer through sea dismissed by UN expert

    In his annual State of the Union address to Congress, President Joe Biden said the US military would "lead an emergency mission to establish a temporary pier in the Mediterranean on the coast of Gaza that can receive large shipments carrying food, water medicine and temporary shelters."
  • Expanding Israeli settlements a ‘war crime’: United Nations

    UN rights chief warned Volker Turk said there had been a drastic acceleration in Israeli illegal settlement building in the occupied West Bank as it wages a relentless war in the Palestinian territory of Gaza. He said creating and expanding settlements amounted to the transfer by Israel of its own...
  • UN aid official presses for aid delivery to Gaza by land route

    The UN aid coordinator for the Palestinian territory Sigrid Kaag said her message to UN Security Council was that the international community must "flood the market in Gaza with humanitarian goods" and "re-energize the private sector" so more commercial goods can enter to meet civilians' needs.
  • UN agency exhorts Israel to allow port for Gaza aid transfer

    Rome, Italy - The UN's food agency on Thursday said it was pressing Israel to allow it to use the Ashdod port north of Gaza to make it easier to reach starving Palestinians. "We have several requests with the Israelis," World Food Program (WFP) Deputy Executive Director Carl Skau told AFP in...
  • Despite oil riches, Libyans hit by plummeting purchasing power

    Libya earns around $20 billion per year in net revenues from oil and gas exports, which accounts for around 95 percent of state revenue. Much of this wealth pays for a bloated public sector that employs almost one third of the population, as well as for state subsidies meant to...
  • China top diplomat terms war in Gaza a ‘disgrace for civilisation’

    The foreign minister said that the catastrophe in Gaza once again reminded the world that "the fact that the Palestinian territories have been occupied for a long time can no longer be ignored." Beijing has been calling for an immediate ceasefire since the start of the current Israel-Hamas war in...
  • US all set for Biden-Trump rematch as Haley bows out of race

    Pointedly declining to endorse the man she has portrayed as chaotic and mentally incompetent, former UN ambassador Haley said Trump would have to earn the support of moderates who backed her longshot campaign. Her withdrawal leaves America facing a battle for the White House between two elderly men that many...
  • 2023 deadliest year in a decade for migrants, says United Nations

    "The 2023 death toll represents a tragic increase of 20 percent compared to 2022, highlighting the urgent need for action to prevent further loss of life," the IOM said in a statement. Last year's total surpassed the previous record reached in 2016, when 8,084 people died during migration.
  • Women, rural poor most affected by climate change, says UN

    PARIS, FRANCE – Heatwaves and floods inflict greater economic pain on rural women than men because climate change intensifies existing inequalities, the United Nations' food and farming agency said on Tuesday. Scientists say the effects of rising temperatures are already being felt most acutely by the poorest and most vulnerable people...
  • Gaza detainees released by Israel report abuse, says UNRWA

    UNRWA chief's comments capped a tumultuous day during which Israel and UNRWA have traded accusations, with Israel accusing the agency of having employed more than 450 "terrorists." Israel also recalled its ambassador to the UN for consultations after the country accused the organization of failing to adequately address claims of...
  • Gaza officials report 4 more child malnutrition deaths

    Global attention turned to the dire humanitarian conditions in Gaza on Thursday, when the health ministry said more than 100 people were killed after desperate Palestinians rushed an aid convoy. Israel's retaliatory offensive to eliminate Hamas has now killed at least 30,228, mostly women and children, according to the ministry's...
  • World resource extraction could surge 60 percent by 2060, UN warns

    Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the UN said on Friday, calling for dramatic changes in energy, food, transport and housing. Enormous expansion of infrastructure, energy demand and consumer consumption over the last half century, particularly in...
  • US airman dead after self-immolating outside Israeli embassy

    The shocking act was an escalation of recent protests across the United States against Israel's actions in Gaza. Washington last week blocked a UN Security Council resolution calling for an immediate ceasefire in Gaza, its third such use of its veto on the matter.
  • WTO launches US$50m fund for women entrepreneurs in developing countries

    ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund to help female entrepreneurs in developing countries to export more using the opportunities offered by the digital economy. The announcement came ahead of the 13th ministerial conference of the WTO...
  • Israel plans to allow local Palestinians administer post-war Gaza

    "The plan states that Israel will move forward with its already-in-motion project to establish a security buffer zone on the Palestinian side of the strip's border," the report said, adding the zone would remain "as long as there is a security need for it" The plan envisages Gaza's "complete demilitarization."
  • Israel strikes crowded Rafah as truce talks under way

    Major powers trying to find a way to end the destructive Israel-Hamas war have so far failed, but a US envoy was in Israel Thursday in the latest attempt to secure a truce deal. International concern has spiraled over Gaza's escalating civilian death toll and the desperate humanitarian crisis sparked...
  • WHO registers eighty percent rise in measles case

    Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000 cases reported worldwide last year -- a 79-percent increase from 2022. "We in the measles world are extremely concerned," said Natasha Crowcroft, a WHO technical adviser on measles and rubella....
  • UN pauses aid in Gaza after food convoy attacked and looted

    The World Food Program (WFP) resumed deliveries on Sunday after a three-week halt but its convoy "faced complete chaos and violence due to the collapse of civil order", it said. Twenty weeks into Israel's war against Hamas in the Gaza Strip, UN agencies have warned that food and safe water...
  • US vetoes Security Council vote on Gaza ceasefire, pushes alternative

    The resolution, which Algeria had been working on for three weeks, had demanded "an immediate humanitarian ceasefire that must be respected by all parties." "Proceeding with a vote today was wishful and irresponsible... we cannot support a resolution that would put sensitive negotiations in jeopardy," said Washington's ambassador to the...
  • Sudan refugees face agonizing wait in overcrowded camps

    Renk is just 10 kilometers (six miles) from Sudan, where fighting broke out in April last year between army chief Abdel Fattah al-Burhan and his former deputy Mohamed Hamdan Daglo, commander of the paramilitary Rapid Support Forces (RSF). Since then, Renk's two UN-run transit centers have been overwhelmed by an...
  • UN agencies warn of ‘explosion’ in Gaza child deaths

    Twenty weeks into Israel's war against Hamas in the Gaza Strip, UN agencies warned that food and safe water had become "incredibly scarce" in the Palestinian territory, adding that virtually all young children had infectious illnesses. UN assessment indicated that more than 15 percent of children under the age of...
  • US draft UNSC resolution supports temporary Gaza truce: Report

    Dubai, UAE -- The United States has proposed a rival draft resolution at the United Nations Security Council, emphasizing its support for a temporary ceasefire in Gaza, Reuters reported. The proposed resolution echoes the language US President Joe Biden's said he used in his recent discussions with Israel's Prime Minister...
  • UN court to weigh consequences of Israel occupation

    The UN's top court will hold hearings on the legal consequences of Israel's occupation of Palestinian territories since 1967, with an unprecedented 52 countries expected to give evidence. Nations including the United States, Russia, and China will address judges in a week-long session in The Hague, seat of the International...
  • US threatens to block new UN Security Council vote on Gaza

    Algeria has requested a UN Security Council vote on Tuesday, but Washington signaled it is likely to veto the measure. US President Joe Biden is working with Israel's Prime Minister Benjamin Netanyahu and the leaders of Egypt and Qatar on a hostage deal that would bring about six weeks of...
  • Afghanistan special envoys to meet in Doha

    The UN has extended an invitation to the Taliban authorities to participate in the Doha convention, following their exclusion from the first meeting in May. A senior diplomatic source told AFP the Taliban government had said it will only if they are the sole representative of Afghanistan at the convention...
  • UNRWA chief says Israel wants to destroy agency

    Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian refugees said in an interview published on Saturday. Philippe Lazzarini said calls for his resignation were part of the Israeli government's push. "Right now we are dealing with an expanded,...