INSEAD Day 4 - 728x90

war

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Nuseirat, Palestinian Territories - With a pot of glue, a blade and a keen eye, Manal al-Saadani repairs tattered banknotes -- a necessity in the Gaza Strip, where the cash in circulation is wearing out. For every revived note she gives back to a customer, they give her a few...
  • Israeli operation in Jenin kills six Palestinians including militant

    The Palestinian health ministry said six men had been killed, one aged 49 and the rest in their 20s, in clashes that the army said included soldiers launching shoulder-fired rockets amid ferocious gunfire. On Tuesday, Jordan foreign ministry spokesman Sinan Majali condemned what he called Israeli "aggression", warning it "will...
  • UN culture chief vows to help rebuild conflict-hit, heritage-rich Iraq

    Years of war and insurgency have taken a heavy toll on the many Mesopotamian, Islamic and Christian treasures in a country home to six UNESCO World Heritage sites. Iraq is the cradle of civilizations, where writing and the first cities emerged, but decades of unrest have left many priceless cultural...
  • Libya parliament denounces ‘errors’ in UN envoy’s report

    The form and rules around elections have been key sticking points in Libya's faltering peace process since the last major round of fighting in the North African country, torn apart by a decade of war. The envoy, Senegalese diplomat Abdoulaye Bathily, had on Monday told the United Nations Security Council...
  • UN raises $1.2bn to help millions in war-torn Yemen

    The UN says more than 21.7 million people - two-thirds of Yemen's population -- need humanitarian assistance this year. Its appeal aims to reach the 17.3 million most vulnerable among them. Erin Hutchinson, the Norwegian Refugee Council's Yemen chief, said the world had "abandoned Yemen at this crucial crossroads" by...
  • Super-rich Russians lift UAE property market to record heights

    There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has seen a stunning growth in the sector.
  • Poor and war-weary Yemenis cut trees for fuel, cash

    A more than eight-year-long war between Saudi-backed government forces and pro-Iran Houthi rebels has devastated Yemen, the poorest country on the Arabian Peninsula. The war has caused hundreds of thousands of deaths both directly and indirectly, and pushed the nation to the brink of famine.
  • Germany’s Scholz arrives in India to expand business ties

    New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four and five economies and push for progress on an EU trade deal despite differences over Ukraine. "We want to further strengthen our bilateral relationship with India and our cooperation on...
  • 11 Palestinians killed, dozens shot in Israel West Bank raid

    The Israeli army said the raid targeted militant suspects "in a hideout apartment" accused of shootings in the West Bank. It added troops came under fire but suffered no casualties. United Nations Secretary-General Antonio Guterres said "the situation in the occupied Palestinian territory is at its most combustible in years",...
  • ‘Suspected IS attack in Syria death toll rises to 68’

    The death toll from an attack blamed on the Islamic State group in Syria has risen to 68, a war monitor said, the deadliest attack in over a year. "A total of 61 civilians and seven soldiers have been killed in the attack," said Rami Abdel Rahman, who heads the...
  • Ukraine and IMF reach deal paving way for ‘full-fledged’ loan

    Washington, United States--The IMF said Friday it has reached a staff-level agreement with Ukrainian authorities that opens doors to a full-fledged loan, which would also support the country's bid to join the European Union. Ukraine was seen to have "strong" performance under a four-month program with the International Monetary Fund, meeting...
  • Rival Libya administrations agree to remove foreign fighters: UN

    Cairo, Egypt-- Senior Libyan officials from both rival administrations on Wednesday endorsed a coordination mechanism to clear the war-torn country of foreign troops and mercenaries, the United Nations announced. The UN mission in the North African country hailed "an important step toward achieving sustainable stability and peace in Libya" after a...
  • OPEC+ committee recommends to stay course on oil ouput cuts

    Vienna, Austria--A committee of major oil producers recommended Wednesday to maintain the cartel's current reduced output strategy, as the global economic outlook remains uncertain and the war in Ukraine drags on. The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) led by Riyadh and their 10 allies led...
  • ExxonMobil posts bumper profits

    The oil company's profits during Q4 stood at $12.8bn.
  • Air strikes hit convoy crossing into eastern Syria from Iraq

    A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the vehicles, according to a war monitor. The Syrian Observatory for Human Rights said that six refrigerated trucks were the target of strikes by unidentified aircraft in the Albu Kamal border...
  • Syria hunger rates soar to record highs after decade of war: WFP

    Hunger rates in Syria have escalated to record highs after more than ten years of brutal conflict, according to the World Food Program. The UN agency believes that years of economic crisis and damage to vital infrastructure from war have put some 2.9 million at risk of sliding into hunger.
  • Libya signs US$8bn deal with Italy to develop offshore sites

    Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI. The deal is expected to be inked on Saturday at an official ceremony. The development of the offshore sites is hoped to produce 850 million cubic feet of gas per...
  • India, Pakistan came close to nuclear war in 2019: Mike Pompeo

    Nearly four years after India and Pakistan used fighter planes to bomb targets in divided Kashmir, former US secretary of state Mike Pompeo has revealed in his memoir "Never Give an Inch" that the two rivals came close to nuclear war in 2019 and that US intervention prevented escalation.
  • Scholz pledges support for Ukraine, but silent on battle tanks

    Despite pressure on him to authorize delivery of tanks to Ukraine, German Chancellor Olaf Scholz pledged support to the war-scarred country for "as long as necessary". Germany's allies in Europe have implored the country to agree to the export of Leopard heavy tanks to help Ukraine repel Russia's invasion.
  • UAE dispatches generators in aid to power-starved Ukraine

    Abu Dhabi, UAE- The UAE has dispatched a second consignment of household generators for the Ukrainian civilians affected by the ongoing war with Russia. In December, the UAE announced that it's sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and...
  • Iraq looks to make football comeback with Gulf Cup

    Basra, Iraq--Iraq on Friday welcomed football teams from across the region for the Gulf Cup, ending nearly three decades of repeated bans on international matches in the war-torn and corruption-plagued country. The tournament in the southern city of Basra brings together eight teams, with Friday's opening match seeing the host...
  • Two World Bank entities provide US$75bn in financing last year

    Washington, United States--Two World Bank entities provided a record $75 billion in financing last year, said a letter by its president, as developing countries faced crises like climate change and Russia's invasion of Ukraine. The aid comes as countries emerging from the Covid-19 pandemic were hit by fallout from war in...
  • Gas prices fall to lowest level in Europe since Ukraine war

    EU nations have adopted a mechanism to cap natural gas prices, but analysts say it will likely have only a limited impact on reducing what businesses and households pay.
  • Two dead, 200 rescued in Lebanon migrant boat sinking: army

    On Twitter, UNIFIL confirmed it was assisting the Lebanese Navy "in search and rescue operation at sea between Beirut & Tripoli where a boat in distress with a large number of people on board was found."
  • Iran to show ‘no mercy’ toward opponents of Islamic republic: Raisi

    The "riots", as Tehran generally refers to them, were triggered by the September 16 death in custody of Iranian-Kurdish Amini, 22, after her arrest for an alleged breach of the strict dress code for women.
  • Iran general says Western claims prove ‘effectiveness’ of its drones

    After repeated denials about its drones being used by Russia against Ukraine in the conflict, Iran's top general has said that Western claims show the 'effectiveness' of Tehran's unmanned aerial vehicles. Ukraine and its Western allies have accused Russia of using Iranian-made drones to carry out attacks.
  • German consumers look to 2023 with upbeat mood

    A survey undertaken in Germany has revealed that consumers are heading into 2023 feeling upbeat as government interventions take some of the sting out of soaring energy costs. Pollster GfK said its forward-looking survey of around 2,000 people inched up by 2.3 points to reach minus 37.8 points for January.
  • Conservators strive to preserve ancient manuscripts in Iraq

    Some manuscripts date from the early Abbasid era, while some seventh-century calligraphy boards in Kufic script were written on parchment "even before the manufacture of paper."
  • Fuel crisis cripples life in Syria as authorities ramp up prices

    Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the...
  • Ukraine war providing lessons for future conflicts

    How the war in Ukraine has played out -- both on the world stage and the battlefield -- serves as a cautionary tale on the potential dangers of launching such an invasion, and offers other lessons as well. General Mark Milley, the top US military officer, said the war was...
  • Hamas threatens to end prisoner exchange talks with Israel

    Hamas chief said indirect negotiations over a prisoner exchange were "interrupted because of the elections" in Israel. (AFP)
  • Yemen war has killed or maimed over 11,000 children: UN

    Hundreds of thousands have died since, either as a result of fighting or indirectly through unsafe drinking water, disease outbreaks, hunger and other impacts. The agency's latest numbers confirm 3,774 child deaths between March 2015 and September 2022. A UN-brokered truce lasted for six months until October 2, but warring parties...
  • Ethiopia reels from high inflation and economic slowdown

    After a decade of dynamic growth during the 2010s, Africa's second most populous country has suffered multiple shocks, including the Covid-19 pandemic, a record drought, a two-year war in its northernmost region of Tigray and the global impact of the invasion of Ukraine.
  • ‘Russian targeting of Ukraine energy is war crime’

    BERLIN, GERMANY - Russian missile strikes on energy infrastructure in Ukraine constituted a "war crime", German Justice Minister Marco Buschmann said Tuesday after hosting talks with his G7 counterparts. A Russian campaign of missile strikes has severely damaged Ukraine's energy infrastructure and plunged millions into darkness as the country endures...
  • Faroe Islands renew fishing quota deal with Russia

    COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's invasion of Ukraine, a local minister said on Saturday. "The Faroe Islands are totally right to extend their existing fishing agreement with Russia," the North Atlantic archipelago's minister of fisheries...
  • German economy grew more than estimated in third quarter

    Gross domestic product grew "despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks, continuing price rises and the war in Ukraine," it said. A separate survey on Friday showed that German consumer confidence has edged up again following a long period of decline,...
  • Libya expels over 200 migrants across land borders

    The United Nations had previously handled the repatriation of refugees from Libya, but the deal between authorities in the west, east and south has enabled the Interior Ministry's agency tackling illegal migration to work in a unified way across the country.
  • Iraq to deploy forces along border with Iran and Turkey

    Responding to Iranian calls for the deployment of border guards, Iraq will redeploy federal guards along its border with Iran and Turkey, after repeated bombardments from both neighboring countries against opposition groups in the autonomous Kurdistan region. Iran had publicly urged such a move.
  • Five civilians die in rocket fire in north Syria

    Earlier Tuesday, three Syrian government soldiers were killed and others wounded in Turkish bombardments of an air base several kilometres south of Azaz, said the Observatory, which has a wide network of sources inside Syria.
  • Turkish president threatens ground operation into Syria

    Overnight, Turkey hit dozens of targets in northern Syria as well as northern Iraq, a week after a bomb attack in Istanbul killed six people and left 81 wounded, which Ankara blamed on the Kurdistan Workers' Party (PKK).
  • Children in war-scarred Idlib kick off their own World Cup

    Idlib, Syria— More than 300 children in rebel-held northwest Syria kicked off their own football World Cup on Saturday, with organizers hoping to shine a light on communities battered by 11 years of war. The excited children took part in the opening ceremony at the municipal stadium in Idlib, some wearing...
  • ‘Most APEC members condemn war in Ukraine’

    Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying "most" of them condemned the war. The 21 members of the Asia-Pacific Economic Cooperation forum issued a joint declaration in Bangkok criticizing the conflict and the global economic turmoil it...
  • Algeria signs three-year deal to sell gas to Slovenia

    While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a three-year deal with Algerian state energy firm Sonatrach to buy gas via a pipeline through Italy from January. Slovenian foreign minister attended the signing ceremony along with her Algerian counterpart.
  • Six displaced Syrians killed in regime rocket strike: monitor

    According to the Observatory, the rocket fire came the day after five Syrian forces members died in shelling by a group affiliated with HTS.
  • Bahrain forum: Pope calls for global unity, al-Tayeb for Sunni-Shia amity

    The pope said that "a few potentates are caught up in a resolute struggle for partisan interests, reviving obsolete rhetoric, redesigning spheres of influence and opposing blocs." The pope's visit comes with the Ukraine war in its ninth month, and as tensions grow on the Korean peninsula and in the...
  • Aramco posts 39% rise in profits

    The third quarters profits were boosted by higher oil prices.
  • Israel, Lebanon strike ‘historic’ maritime border deal

    UN chief Antonio Guterres said he "strongly" believed the deal can promote stability in the region and create "enhanced prosperity for the Lebanese and Israeli peoples". The deal comes as Lebanon hopes to extract itself from what the World Bank calls one of the world's worst economic crises in modern...
  • Israel PM claims Lebanon ‘recognizes’ Israel in sea border deal

    Jerusalem, Undefined—Prime Minister Yair Lapid on Thursday claimed Israel's foe Lebanon de-facto "recognizes" the Jewish state, due to a sea border deal the two states are set to sign imminently. "This is a political achievement -- it is not every day that an enemy state recognizes the State of Israel, in...
  • IEA says global emissions to peak in 2025

    Owing to surging energy prices fueled largely by the Russian invasion of Ukraine, the IEA feels global emissions will peak in 2025 as investment in renewables has grown in the recent months. Last year, the IEA had said there was "no clear peak in sight" in energy emissions.
  • Video: TOP CEO Conference highlights woes of the ‘Certainty of Uncertainty’

    A panel of experts, bankers, politicians, top executives had predicted the fallout from the pandemic, runaway inflation, and war in Europe in May 2022 and it's coming true.
  • Iran signs contract with Russia to supply it with 40 turbines

    Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported. Iran's "industrial successes are not limited to the fields of missiles and drones," Iranian Gas Engineering and Development Company's CEO,...