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.

Sisi discusses Middle East peace with World Jewish Congress chief

Cairo, Egypt -- Egyptian President Abdel Fattah al-Sisi told the head of the World Jewish Congress Ronald Lauder on Sunday that...
  • During his meeting with Lauder in Cairo on Sunday, Sisi called for starting the reconstruction of war-battered Gaza "without displacing its residents from their land".
  • "The establishment of a Palestinian state... is the only guarantee to achieve lasting peace," Sisi told Lauder on Sunday.

BRICS summit planned for July in Rio, says current chair Brazil

Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in...
  • Brazilian Foreign Minister Mauro Vieira said that the summit will be held July 6-7 and feature leaders of 20 countries with full or associate status in the bloc
  • The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates

Lavrov, Rubio pledge to restore dialogue and work on settling Ukraine conflict, says Moscow

The call came ahead of an expected summit between Donald Trump and Vladimir Putin amid mounting concern from Ukraine and...
  • The call came days after the US president's call to Putin ended almost three years of no contact between Moscow and Washington during the Ukraine conflict
  • According to Moscow, Lavrov and Rubio pledged to "maintain a channel of communication to resolve the accumulated problems in US-Russian relations".

Three Gaza hostages set for release after ceasefire crisis abates

Jerusalem, Undefined - Israel said Friday it had received the names of three hostages to be freed by militants in exchange...
  • The hostages due for release Saturday are Israeli-American Sagui Dekel-Chen, Israeli-Russian Sasha Trupanov and Israeli-Argentinian Yair Horn
  • The January 19 ceasefire has been under massive strain since US President Donald Trump proposed a takeover of the territory

Saudi Arabia to host Arab summit on Trump’s Gaza plan, Egypt, Jordan, Qatar and the UAE to attend

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to...
  • Arab countries have come together in a rare united front, outraged by the idea of displacing the Palestinians en masse
  • For Palestinians, any forced displacement evokes memories of the mass displacement of their ancestors during Israel's creation in 1948

Hezbollah supporters protest banning Iranian planes from landing in Beirut

Beirut, Lebanon - Hezbollah supporters blocked the Beirut airport road and burned tyres on Thursday to protest a decision barring two...
  • Some of the young men raised Hezbollah's yellow flag and held pictures of Nasrallah, killed in an Israeli strike in September
  • Israel has repeatedly accused Hezbollah of using Lebanon's only airport to transfer weapons from Iran

Trump eyes summit with Xi-Putin, shaking up world order, Macron warns against ‘capitulation’

US president's remarks on Russia and China mark a seismic shift after more than a decade of US policy which...
  • With Kyiv and European capitals still stunned by Trump's surprise call with Putin, the US president also said he would "love" to have Russia back in the G7
  • Trump - who has cast himself in his second term as a global peacemaker - also said he would consider a summit with Putin and China's Xi Jinping "when things calm down."

Israel says could fulfil Trump’s Gaza displacement plan if hostages not freed, Hamas says truce deal ‘fragile’

Hamas has said it would postpone the release citing Israeli violations, and hours later, Trump warned that "hell" would break...
  • The remarks by Israeli Defence Minister Israel Katz came shortly after Palestinian group Hamas said it would not bow down to US and Israeli threats
  • The truce has largely halted more than 15 months of fighting and seen Israeli captives released in small groups in exchange for Palestinians in Israeli custody

At least $53 billion needed to rebuild Gaza, UN estimates

United Nations, United States - More than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that...
  • The global body said in a report that a "political and security framework" must also be put in place so that recovery and rebuilding can begin
  • Much of Gaza -- including schools, hospitals and other civic infrastructure -- has been reduced to rubble by a withering Israeli military offensive

Egypt to present ‘vision’ for Gaza reconstruction without displacement amid Trump threat to halt aid

The statement came a day after US President Donald Trump said he could "conceivably" halt aid to Egypt and Jordan...
  • The foreign ministry said Egypt "hopes to cooperate" with Trump's administration on the matter, with the goal of "reaching a fair settlement of the Palestinian cause"
  • It said its plan would provide for the reconstruction of Gaza "in a clear and decisive manner that ensures the Palestinian people stay on their land

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...

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Pro-Gaza protests flare in UK on anniversary of Hamas attack

London, United Kingdom - Thousands of students protested in London and other UK cities on Tuesday, defying a plea from...

UN chief demands end to Gaza hostilities, immediate release of hostages

On the second anniversary of the Hamas October 7, 2023 attack on Israel, Antonio Guterres decried a "humanitarian catastrophe on...

Indirect talks on ending Gaza war begin in Sharm El-Sheikh: Egypt media

Behind closed doors and under tight security, negotiators will speak through mediators shuttling back and forth, only weeks after Israel...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas calls for swift hostage-prisoner swap as talks set to begin

Foreign ministers of several countries, including Egypt, said the talks were a "real opportunity" to achieve a comprehensive and sustainable...
  • The diplomatic push follows Hamas's positive response to Trump's roadmap for an end to the fighting and the release of hostages in exchange for Palestinians in Israeli jails.
  • The White House said Trump had also sent two envoys to Egypt -- his son-in-law Jared Kushner and Middle East negotiator Steve Witkoff.

Bangladesh deploys warships to protect prized hilsa fish

Dhaka, Bangladesh -- Bangladesh's defense force said it has deployed warships and patrol aircraft as part of a special surveillance...
  • The herring-like hilsa return from the Bay of Bengal to rivers each year to lay eggs.
  • Bangladeshi authorities said on Saturday they had imposed a three-week ban on fishing from October 4-25 to safeguard the spawning areas.

Syria selects members of first post-Assad parliament

Damascus, Syria -- Syria will select members of its first post-Assad parliament on Sunday in a process criticized as undemocratic,...
  • more than 1,500 candidates -- just 14 percent of them women -- are running for the assembly, which will have a renewable 30-month mandate.
  • Sharaa is to appoint 70 representatives out of the 210-member body.