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.

Gas prices surge as Iran tensions roil energy markets

The Wall Street Journal reported that U.S. officials said President Donald Trump had instructed aides to prepare for a sustained...
  • European gas prices surged over 5% as fears mounted over prolonged disruption to Iranian exports and shipping.
  • TotalEnergies delayed restarting Middle East output, while Europe moved to shield industries from spiralling energy costs.

UAE quits OPEC, reshaping global oil politics

The decision marks one of the most significant ruptures in the producer group's recent history. Long viewed as one of...
  • UAE Energy Minister Suhail al-Mazrouei said the decision followed a careful review of current and future energy policies.
  • For years, the UAE has invested heavily in expanding its oil production capacity, seeking to raise output to around 5 million barrels per day by 2027.

Next wave of global competitive advantage lies in tech combinations: WEF

Eight technology domains, including AI, robotics, engineering biology and advanced materials are no longer advancing in isolation.
  • The United States alone could face a shortfall of between 10,100 and 19,900 surgeons by 2036.
  • Organizations are urged to assess where bottlenecks sit in their value chains, determine which technology combinations could shift those constraints.

Trump claims Iran in ‘state of collapse’, says Tehran wants blockade lifted

US President Donald Trump has claimed that Iran is in a “state of collapse” and said Tehran has approached Washington...
  • Speaking amid escalating tensions, Trump said Iran wanted the restrictions removed “as soon as possible”.
  • The remarks come as Washington continues its maximum pressure campaign against Tehran, targeting its economy, trade routes and oil exports

Hezbollah warns it would respond to Israeli ceasefire violations

The exchange came as regional tensions remained high and Iran intensified diplomatic efforts to secure a broader halt to hostilities,...
  • U.S. President Donald Trump said on Sunday that Iran could contact Washington by phone if it wished to negotiate an end to the conflict.
  • British Prime Minister Keir Starmer and Trump discussed the need to restore shipping through the Strait of Hormuz.

Firms lag as AI-driven fraud surges: Study

The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...
  • Among the fastest-growing threats is deepfake-enabled social engineering.
  • The United Arab Emirates and Saudi Arabia have the potential to take a leading role in next-generation fraud prevention.

Humanoid robot outpaces human half-marathon record in Beijing trial

Dubai, UAE -- A humanoid robot completed a half-marathon in China in a time faster than the human world record,...
  • The robot, widely referred to as “Lightning” or “Flash,” finished the 21.1-kilometer race in 50 minutes and 26 seconds at the Beijing E-Town humanoid robot half-marathon.
  • The race was not conducted under rules set by World Athletics, and the robot’s performance is not recognized as an official record.

Lebanon ceasefire begins, violations test fragile truce

The truce, brokered by the United States, is intended to halt cross-border fighting between Israeli forces and Hezbollah. Scenes of...
  • However, the calm was quickly tested. Lebanon’s army accused Israel of violating the ceasefire, while medics accused it of killing one person one person in the town of Kunin.
  • U.S. President Donald Trump said Washington had “prohibited” Israel from carrying out further strikes in Lebanon.

Middle East conflict may push 30 million into poverty: UNDP

According to a new UNDP policy brief, the impact is most severe in countries directly affected by the fighting and...
  • Recommends targeted cash transfers and energy support, warning against costly blanket subsidies in developing economies.
  • It is estimated that up to $6 billion may be required, depending on the severity of the crisis.

Israeli strikes on Lebanon kill dozens

The strikes hit multiple areas, including parts of Beirut, with emergency teams struggling to reach casualties amid heavy congestion. The...
  • Israel said the strikes targeted members of Hezbollah in what it described as a “surprise” attack.
  • The escalation came hours after a ceasefire was announced between Israel, Iran and the United States.

Dubai population rises 7.5 percent to 4.58 million in 2025

Dubai's population grew 7.5 percent to more than 4.58 million by the end of 2025, fuelled by economic expansion and...

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Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages

Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Adani, Abu Dhabi’s IRH to invest $11.5bn in Odisha aluminum project

Dubai, UAE -- Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, have agreed to establish...
  • The integrated complex will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park.
  • The investment is expected to create 53,500 jobs and become India's largest foreign investment in the metallurgy sector.

Iran begins funeral ceremonies for Khamenei as Tehran prepares for massive show of unity

Millions are expected to gather in the Iranian capital over the coming days, with senior regional leaders attending ceremonies that...
  • New IRGC chief Ahmad Vahidi makes his first public appearance since before the war.
  • Officials estimate that between 15 million and 20 million people could participate in the ceremonies across Tehran.

Iran warns US, Israel against attacks as Khamenei funeral preparations begin

The warning came as US-Iran diplomacy remained on track after Doha talks. Iran's deputy foreign minister said the Doha negotiations...
  • Trump says Iran's denuclearisation effort is "moving along well" after indirect Doha talks showed positive progress.
  • Tehran schedules nationwide funeral ceremonies through July 9 as foreign leaders prepare to attend Khamenei's state funeral.