INSEAD Day 4 - 728x90

Geostrategy

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Seizure of vessel anchored near UAE coast close to Hormuz raises Gulf tensions

The incident came hours after India condemned an attack on an Indian-flagged vessel off Oman’s coast, calling continued assaults on...
  • Malaysia warned Iranian-linked “shadow fleet” oil transfers near its waters exploited maritime loopholes across major Asian shipping corridors.
  • Iran staged a mass World Cup departure rally in Tehran despite continuing uncertainty surrounding travel and participation in the United States.

Pentagon raises Iran war cost to $29 billion

The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
  • The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
  • Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks

Donald Trump says US-Iran ceasefire deal on ‘life support’

Shipping disruptions, sanctions and worsening humanitarian fears deepen global anxiety as Washington rejects Tehran’s latest peace proposal over nuclear concessions.
  • UK and France prepared new Hormuz defence coordination talks as regional governments feared prolonged disruption to energy and fertiliser shipments.
  • Saudi Aramco warned continued Strait disruptions could delay global oil market normalization until 2027 despite rapid production expansion capability.

US slaps fresh sanctions on China-linked firms over Iran missile program 

The United States on Friday announced a fresh round of sanctions targeting people and companies in China, Hong Kong, Belarus,...
  • The sanctions come as tensions continue to rise in the Persian Gulf amid ongoing clashes between Washington and Tehran over the Strait of Hormuz
  • The measures are aimed at disrupting Iran’s military industrial supply chain and restricting its access to materials required to build drones and missiles

Artificial intelligence rapidly reshaping cybersecurity: WEF

The AI and Cyber: Empowering Defenders report, developed in collaboration with KPMG, highlights measurable gains in cost reduction, response speed...
  • Some 94% of cyber leaders identify AI as a defining force and 77% of organisations already use it in their cyber operations.
  • The report emphasises that AI’s value in cybersecurity lies in augmenting human expertise, accelerating decisions and strengthening resilience.

Emirates restores 96 percent global network after disruption

The airline said it now operates to 137 destinations across 72 countries, with more than 1,300 weekly flights, representing about...
  • Even during reduced operations, Emirates carried 4.7 million passengers, underscoring resilient travel demand despite widespread disruption to regional air routes.
  • The recovery follows a significant disruption triggered by the recent Iran-related conflict, which led to widespread airspace restrictions across parts of the Gulf and West Asia.

Renewed fighting likely, Washington couldn’t be trusted: Iran commander

Mohammad Jafar Asadi's remarks came after Trump's assertion that he was dissatisfied with Iran’s latest offer, delivered through Pakistani mediators....
  • Iranian lawmakers are considering legislation that would direct 30% of Hormuz transit tolls toward military infrastructure, with the remainder allocated to economic development.
  • NATO said it is seeking clarification from Washington after the Pentagon announced plans to withdraw around 5,000 troops from Germany over the next six to 12 months.

Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’

US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
  • Trump argued that there had “been no exchange of fire between United States Forces and Iran since April 7,” and that hostilities “have terminated.
  • Hours later, Trump appeared to contradict his position, stating: “You know we’re in a war,” adding, “Because I think you would agree we cannot let lunatics have a nuclear weapon'

Khamenei signals Iran control over Strait of Hormuz, rejects US role

Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
  • The statement, released on Iran’s National Day of the Persian Gulf, also reaffirmed Iran’s determination to retain its nuclear capabilities
  • “By the will and power of God, the bright future of the Persian Gulf region will be a future without America,” the statement said

Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers

The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
  • Testifying before the House Armed Services Committee, Hegseth sharply criticised lawmakers from both parties who questioned the conflict
  • “The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans.”

Hamas says agreement reached on disarmament and Israeli withdrawal in Gaza

One Hamas official said mediators and the newly proposed Board of Peace were now expected to ensure Israel implemented the...

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Khamenei laid to rest in Mashhad as clashes persist, Hormuz traffic recovers

Khamenei's flag-draped coffin was carried into the Imam Reza shrine in his hometown of Mashhad, where state television said he...

US strikes Iran during Khamenei funeral despite promised pause

Attacks hit southern Iran as funeral rites for the slain supreme leader continued in Iraq, prompting Tehran to accuse Washington...

Missile attack sets tanker ablaze off Oman as US blames Iran

The latest incident follows weeks of escalating tensions over a US-backed maritime corridor through Omani territorial waters, a route Iran...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers

The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
  • Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
  • Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.

Funeral prayers offered for Khamenei, family members amid cries for revenge

The prayers were attended by President Masoud Pezeshkian, senior military commanders and members of Khamenei's family, although his successor, Mojtaba...
  • The funeral programme will continue with a mass procession through Tehran on Monday before ceremonies in other cities.
  • Tehran’s metro network has registered more than 7 million passenger trips from 5:30pm (14:00 GMT) on Saturday to 7am (03:30 GMT) on Sunday.

Mourners stream into Tehran for Khamenei farewell amid calls for ‘revenge’

The funeral of Iran's assassinated supreme leader has drawn mourners and foreign delegations from more than 100 countries, with Tehran...
  • Red flags symbolising demands for revenge were prominently displayed during the funeral ceremony.
  • More than 5,000 schools have been opened to accommodate pilgrims travelling to Tehran for the funeral.