INSEAD Day 4 - 728x90

Geostrategy

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Syria FM says wants to ‘strengthen relations’ with China

Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...
  • A foreign ministry statement said that Shaibani met with the Chinese ambassador to the United Nations, Fu Cong, at UN headquarters in New York
  • In the meeting with Beijing's envoy, Shaibani said the two countries "will work together to build a long-term strategic partnership in the near future

Abu Dhabi launches $500mn maternal health fund for Africa

Nairobi, Kenya -- A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in...
  • The Beginnings Fund brings together philanthropists including the Gates Foundation and the Mohamed bin Zayed Foundation for Humanity, run by the UAE president.
  • It set a deadline of 2030 to reach the $500-million target and has already reached $450 million in pledges, organizers said in a statement.

UN rights chief demands world act to stop Israel’s Gaza ‘catastrophe’

"As the complete blockade of assistance essential for survival enters its ninth week, there must be concerted international efforts to...
  • It halted aid deliveries to Gaza on March 2, days before the collapse of a ceasefire that had significantly reduced hostilities after 15 months of war.
  • Supplies are dwindling and the UN's World Food Programme last Friday said it had sent out its "last remaining food stocks".

UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants

The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at...
  • The US military has hammered the Iran-backed Huthis with near-daily strikes since March 15 in an operation dubbed "Rough Rider."
  • Huthi-controlled media said the latest strikes on the movement's stronghold of Saada killed at least 68 people, all Africans

Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...
  • In its annual report, Amnesty charged that Israel had acted with "specific intent to destroy Palestinians in Gaza, thus committing genocide."
  • Israel has rejected accusations of "genocide" from Amnesty, other rights groups and some states in its war in Gaza

Putin orders three-day ceasefire; Zelensky slams it as manipulative ahead of Victory Day

Before Putin's announcement, US Secretary of State Marco Rubio held new talks with Russian counterpart Sergei Lavrov, having declared that...
  • Before Putin’s announcement, US Secretary of State Rubio told Lavrov this week is critical for peace efforts
  • The Kremlin said Putin had ordered a "ceasefire" for the 80th anniversary of Victory Day from May 8 to May 10

Brazil calls for Israeli withdrawal from Gaza at BRICS ministers’ meet

The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth...
  • "The resumption of Israeli bombardments and the continued obstruction of humanitarian aid are unacceptable," Brazilian Foreign Minister Mauro Vieira said.
  • The BRICS grouping has expanded significantly since its 2009 inception, and now includes Iran, Egypt, Indonesia, Ethiopia and the United Arab Emirates.

China says on ‘right side of history’ in trade standoff with US

Since returning to the presidency in January, US President Donald Trump has imposed 10 percent tariffs on most US trading...
  • The US, China said, "play cards out of thin air, bully and go back on their word", condemning Washington's "unilateralism and bullying."
  • Beijing, however, has vowed to fight a trade war "to the end" and denied US claims it is in talks with Washington

Trump thinks Zelensky ready to give up Crimea to Russia

US President Donald Trump said he believed Ukrainian President Volodymyr Zelensky was ready to concede Crimea to Russia as part...
  • Trump also stepped up pressure on Vladimir Putin, saying the Russian president should "stop shooting" and sign an agreement to end the grinding war
  • Trump's comments came a day after he met Zelensky during the funeral of Pope Francis, breaking the ice after a major row between the US and Ukrainian leaders at the White House

Khamenei orders probe into port blast as Iran’s nuclear talks, regional tensions simmer in background

The New York Times quoted a person with ties to Iran's Islamic Revolutionary Guard Corps, speaking on condition of anonymity...
  • His instructions came after President Masoud Pezeshkian visited the blast scene in Shahid Rajaee Port near the strategic Strait of Hormuz
  • Defence ministry spokesman Reza Talaei-Nik later told state TV that "there has been no imported or exported cargo for military fuel or military use in the area."

US, Iran trade blame as Israel-Lebanon tensions escalate

Iran said it fired on a U.S. military base in the region, while the United States reported strikes on Iran’s...

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China vows massive high-tech sector development in next decade

Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...

Rubio seeks quick deployment of international Gaza force

He confirmed that Israel would enjoy vetoes on the force composition, amid reports Israel has objected to participation by Turkey.

Trump heads to Asia and high-stakes meeting with Xi

US President Donald Trump embarks on a major trip to Asia this week with all eyes on a meeting with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Oil prices surge as Trump hits Russian crude with sanctions

The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...
  • The move was joined by another round of punishments by the European Union as part of attempts to pressure Moscow to end its three-and-a-half-year invasion of Ukraine.
  • According to industry analysts the two companies account for just over half of Russia's oil output, and both also produce natural gas.

Saudi Arabia to host ATP Masters 1000 tennis event from 2028

Paris, France -- The ATP announced on Thursday the creation of a new Masters 1000 event which will take place...
  • The new event will be played on hard courts and take place "at the start of the season" in a city yet to be determined, and will last "one week".
  • The long-expected move marks the first ever expansion of the top-tier category of men's tennis since its creation in 1990.

Rubio says Israel annexation moves in West Bank, settler violence ‘threatening’ Gaza peace deal

Israeli lawmakers voted Wednesday to advance two bills on annexing the occupied West Bank, barely a week after President Donald...
  • Israeli lawmakers voted Wednesday to advance two bills on annexing the occupied West Bank, barely a week after President Trump pushed through a deal aimed at ending 2-year war
  • "I think the president's made clear that's not something we can be supportive of right now," Rubio said of annexation as he boarded his plane for a visit to Israel