The board composition brings a wealth of knowledge and experience that will undoubtedly drive GIG towards greater innovation and growth in the insurance industry.”The new Board composition is as follows:Mr. Bijan Khosrowshahi, Group Chairman : A seasoned executive with extensive experience in global insurance markets. Mr. Khaled Saoud Al Hasan, Group Vice Chairman & CEO: Renowned for his strategic leadership and deep understanding of the regional insurance landscape. Mr. Jean Cloutier, Director : Expert in financial management and corporate governance within the insurance sector. Mr. Amin Hesham Ezzalarab, Independent Director : Chairman, Commercial Intl Bank Egypt, and is highly skilled in insurance operations and market expansion. Gulf Insurance Group enjoys the privilege of being the first triple-rated insurance Group in Kuwait.

The company reported Q2 2024 revenues of $496 million, adjusted EBITDA of $156 million, and adjusted net profit attributable to shareholders of $15 million. In light of this, a proposal for H1 2024 dividends will be presented to the Board for approval in September 2024, with payment in October 2024. Fertiglobe’s own-produced sales volumes fell by 2% Y-o-Y in Q2 2024. Own-produced sales volumes were driven down by 5% lower own-produced urea volumes, which offset the impact of a 12% increase in ammonia sales volumes. When excluding the impact of the gas supply shortages in Egypt, Q2 2024 and H1 2024 own-produced sales volumes would have been up 8.1% and 6.6% Y-o-Y, respectively.

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Share this: TwitterFacebookWhatsAppLinkedInEmailTelegramThe Committee to Protect Journalists calls on Israel to explain the killing of Al Jazeera Gaza correspondent Ismail Al Ghoul and camera operator Rami Al Refee in an Israeli airstrike west of Gaza City on Wednesday. “CPJ is dismayed by the news that Al Jazeera TV reporter Ismail Al Ghoul and cameraman Rami Al Refee were killed in an Israeli strike in Gaza,” said CPJ CEO Jodie Ginsberg in New York. Al Jazeera said in its live coverage that Al Ghoul and Al Refee were leaving the scene after an Israeli order to evacuate the area when they were hit, and that it believes the journalists were deliberately targeted. Al Ghoul was previously arrested by the IDF at Al-Shifa hospital in northern Gaza. CPJ has documented the killing of at least seven journalists and media workers affiliated with Al Jazeera since the start of the Israel-Gaza war last October.

DP World powers Nhava Sheva Terminals with 11 MW Green Energy, Cuts CO2 Emissions by 50%Share This News Story:MUMBAI : DP World, a leading global provider of smart end-to-end supply chain solutions, has successfully executed the open access sourcing of green power at its Nhava Sheva terminals, Nhava Sheva International Container Terminal (NSICT) and Nhava Sheva India Gateway Terminal (NSIGT), starting from July 1, 2024. The open access sourcing of green power initiative, with a cumulative capacity of 11 MW, is expected to replace approximately 75% of conventional energy needs at NSICT and 80% at NSIGT. Mr. Ravinder Johal, COO, Ports & Terminals, Operations and Commercial, DP World, Subcontinent, Middle East and North Africa, said ” The execution of open access sourcing of green power at DP World’s Nhava Sheva terminals is a pivotal step towards achieving our sustainability goals. By integrating green energy, we are significantly reducing our carbon footprint, in line with the Government’s Maritime India Vision 2030. Globally, DP World is committed to achieving net-zero carbon emissions by 2050.

TEHRAN, JULY 31: Hamas leader Ismail Haniyeh was assassinated in Tehran, Iran’s paramilitary Revolutionary Guard said early Wednesday. Haniyeh was in Tehran to attend Iran’s President Masoud Pezeshkian’s swear-in ceremony on Tuesday. Iran gave no details on how Haniyeh was killed and the Guard said the attack was under investigation. Analysts on Iranian state television immediately began blaming Israel for the attack. Israel is suspected of running a years-long assassination campaign targeting Iranian nuclear scientists and others associated with its atomic programme.

In this edition of Straight Talk Africa host Vincent Makori looks at the UNAIDS report on the HIV/AIDS epidemic and discusses ways to go forward. For the first time in the history of the HIV/AIDS epidemic, the sharpest decline in new infections has been achieved in sub-Saharan Africa, but infections are rising in parts of the Middle East, North Africa, Eastern Europe, Central Asia and Latin America. Vincent is joined by Angeli Achrekar, deputy executive director for the Programme Branch of UNAIDS and Chip Lyons president and CEO of the Elizabeth Glaser Pediatric AIDS Foundation.

The fifth phase of the Last Mile Connectivity Project (LMCP) in Kenya to connect homes to electricity, has received a KSh 1.85 billion (around $14 million) grant from the Japanese International Co-operation Agency (JICA). The funding will allow Kenya Power to connect 9,121 households across four counties – Nakuru, Kwale, Kilifi and Nyandarua. The JICA grant comes two months after Kenya Power signed 26 contracts for the implementation of Phase 4 of the LMCP. Kenya: More than 500,000 homes targeted for electricity accessBilly Onyango, the County Operations & Maintenance Engineer at Kenya Power, on the utility’s plans for grid modernisation to bring stability to the networkFAQs about electricity in KenyaWhere does Kenya get electricity from? Kenya Power is responsible for onward transmission of purchased electricity and is the sole distributor from the national grid to consumers.

TotalEnergies divest from oil and gas exploration in South AfricaTotalEnergies has also decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South Africa currently holds a 40% interest. The company’s exit follows the decision of partner CNR International to withdraw from Block 11B/12B, off the southern coast of South Africa, at the beginning of July. The largest producers of natural gas in South Africa are CEF (SOC) and Renergen. Does South Africa use gas for power generation? The country does not have any significant installed natural gas infrastructure, gas production or gas networks.

King Mohammed VI has invited French President Emmanuel Macron to pay a State visit to the Kingdom following “the clear and strong position” adopted by France on the Moroccan Sahara. In a message sent to Macron, the King told the French President: “It is with interest that I received the important Message You addressed to Me on the occasion of the 25th Throne Day anniversary”. On Tuesday, Morocco’s Royal Office issued a statement describing as a “significant development” France support for Morocco’s territorial integrity and the autonomy plan “as the only basis” for a solution to the Sahara conflict under the Kingdom’s sovereignty. “This announcement by the French Republic, a permanent member of the UN Security Council, is an important and significant development in support of Moroccan sovereignty over the Sahara. In his letter to the King, Macron affirms “that the present and future of Western Sahara are within the framework of Moroccan sovereignty.”

But for the first time since 1981, when the disease first emerged, the majority of new HIV infections occurred outside of sub-Saharan Africa. It’s good news that sub-Saharan Africa, the region historically most affected by HIV, has dramatically reduced the number of people newly infected with HIV. Countries in sub-Saharan Africa have made huge gains in improving awareness of HIV and increasing access to HIV testing and treatment. Notably, in sub-Saharan Africa, 62 percent of new HIV infections in 2023 were among girls and women, whereas the majority of new HIV infections in the rest of the world is among males. HIV funding is dwindlingThe main driver of HIV progress, of course, is sustained investment.

The North Korea-based DEV#POPPER campaign is back, with an updated malware and social engineering arsenal that it's using to target software developers worldwide for data theft. "Based on the malware used, its primary purpose is theft. Targeting Developers With Social EngineeringTo lure in their victims, DEV#POPPER threat actors pose as interviewers looking to hire software developers for nonexistent positions. The latter includes a fresh main function, dubbed "M," which orchestrates data extraction and code execution on different operating systems. "Considering the information stolen, the threat actors would almost immediately have access to all of the user's active browser sessions, cookies, and passwords.

Bomb smuggled into guesthouse months before Haniyeh killed - reportIsmail Haniyeh was killed by an explosive device that was secretly smuggled into the guesthouse he was staying inside in Tehran, the New York Times reports. The bomb was then detonated remotely once it was made clear the Hamas chief was inside, according to sources. Earlier today Iranians turned out to mourn the Hamas leader at his funeral. His body will then be flown to Qatar, where Haniyeh was usually based, for burial tomorrow. Iran and Hamas have accused Israel of carrying out the strike that killed Haniyeh hours after he attended the inauguration of Iran's new president in Tehran on Wednesday.

African ministers of trade attending the 21st African Growth and Opportunity Act (AGOA) Forum held in Washington D.C. last week have urged the US government to do away with the AGOA’s annual reviews and expressed the importance of an expeditious renewal of the legislation by the end of 2024. With AGOA expiring in 14 months, the African trade ministers called on the Biden administration and the members of US Congress to expeditiously renew the AGOA legislation with non-controversial enhancements and amendments for a minimum of 16 years to provide the required predictability and certainty to buyers, exporters, and investors. According to a read-out statement, they have also urged the US government to remove the annual reviews, expressing concerns over the unilateral removal of eligible members from the trade agreement by the United States. The AGOA Forum is held on an alternate basis between the United States and Africa and the meeting next year will be held in the Democratic Republic of Congo (DRC). The 21st AGOA Forum in Washington last week brought together senior government officials from the United States, from AGOA-eligible countries, as well as representatives from continental and regional economic organizations, the private sector, labor, and civil society.

This is a big week for crypto holders, as this Wednesday, July 31, will see another Federal Open Market Committee (FOMC) meeting. During the meeting, members will discuss developments in the local and global financial markets, but also economic and financial forecasts. No rate hikes in July, followed by potential rate cuts in SeptemberThe upcoming FOMC meeting is big news for the crypto world, as the participants are expected to make a decision regarding further rate hikes. However, currently, community members speculate that the likelihood of no new rate hikes in July has reached nearly 96%. Current predictions say that there is a 90% probability of rate cuts happening, which is highly bullish news.