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.

Hizbollah threatens Israel after military says Lebanon offensive ready

Hassan Nasrallah - whose powerful Iran-backed group has exchanged near-daily fire with Israel since its ally Hamas's October 7 attack...
  • Hizbollah chief Hassan Nasrallah said "no place" in Israel would "be spared our rockets", in a televised address broadcast amid spiraling tensions across the Israel-Lebanon border
  • Meanwhile, the war between Israel and Hamas raged in Gaza, with Israeli air strikes and clashes between troops and Palestinian fighters

Israel says Lebanon offensive plan ‘approved’ as tensions surge

Palestinian Territories - The Israeli army on Tuesday said plans for an offensive in Lebanon were "approved and validated" amid...
  • The war in Gaza has heightened tensions across the region, with Israeli forces and Lebanon's Iran-backed Hezbollah, a Hamas ally, exchanging fire on a near-daily basis
  • Al-Awda hospital said it received the bodies of "six martyrs and 15 wounded as a result of Israeli air strikes on various areas in the central and southern Gaza Strip."

Huthi missile attack severely injures sailor on cargo ship: US military

Two cruise missiles launched by Yemen's Huthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday,...
  • The M/V Verbena -- a Palauan-flagged, Ukrainian-owned, Polish-operated ship -- "reported damage and fires on board
  • The Huthis on Thursday said they had carried out attacks on three ships within the past 24 hours

Battles rage in Rafah as Biden blames Hamas for truce delay

On Monday, the UN Security Council adopted a US-drafted resolution supporting the plan, and on Thursday, German Chancellor Olaf Scholz...
  • Israeli ground forces have operated in Rafah since early May, despite widespread alarm over the fate of Palestinian civilians there
  • Hamas said its fighters were battling Israeli troops on the streets of the city near the besieged Gaza Strip's border with Egypt

Fire at Iraqi oil refinery injures 13

"More than 10 people were injured, mainly men from the Arbil civil defense," said the Iraqi civil defense in a...
  • The fire broke out in a major crude oil tank on Wednesday night
  • The civil defense agency said the fire "started in one refinery before spreading to another"

Gaza war rages as US wants to ‘close’ ceasefire agreement

Doha, Qatar - Top US diplomat Antony Blinken said Wednesday that a truce and hostage release deal to end the Gaza...
  • Blinken, in Doha for the last stop of a tour to promote President Joe Biden's Gaza ceasefire roadmap, said the United States would work with regional partners to "close the deal."
  • Hamas submitted late Tuesday its response to mediators Qatar and Egypt, and Blinken said some of the proposed amendments "are workable and some are not."

Houthis claim attack on merchant ship in Red Sea off Yemen

The Houthis, who are at war with a Saudi-led coalition after ousting the government from Sanaa in 2014, have launched...
  • The ship was hit about 68 nautical miles (126 kilometres) southwest of the rebel-held port city of Hodeida, maritime security firm Ambrey had said earlier in the day
  • The United Kingdom Maritime Trade Operations, which is run by Britain's Royal Navy, said a vessel was "hit on the stern by a small craft" 66 nautical miles southwest of Hodeida

Blinken heads to key mediator Qatar after Hamas seeks tweaks to truce deal

US Secretary of State Antony Blinken was heading on Wednesday to talks in key mediator Qatar after Hamas gave a...
  • Hamas proposed an amended ceasefire timeline and the complete withdrawal of Israeli troops
  • Blinken said in Israel on Tuesday that Prime Minister Benjamin Netanyahu has committed himself to the plan

Erdogan visits opposition party headquarters first time in 18 years

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan visited the opposition CHP party headquarters on Tuesday, the first time in 18...
  • The one-and-a-half-hour meeting between Erdogan and CHP leader Ozgur Ozel in the capital Ankara comes more than a month after their first encounter in May
  • Erdogan has signalled "softening" in politics after the March vote observers called his worst defeat since his Islamic-rooted AKP party took power in 2002

Blinken in Israel to push ceasefire plan for Gaza

US Secretary of State Antony Blinken will hold talks with key Israeli opposition figures on Tuesday, a day after he...
  • On Monday, the UN Security Council adopted a US-drafted resolution supporting a six-week ceasefire plan,
  • Four Israeli soldiers had been killed in fighting in southern Gaza yesterday

No option but to continue resistance, says Hezbollah after deadly Israeli strikes

Mahmud Qamati, a Hezbollah official, described the strike in the Bekaa Valley as “a new massacre and a new aggression”...

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Iran says enriched nuclear material ‘under rubble’ of facilities hit during Israel war

Tehran, Iran - Iranian Foreign Minister Abbas Araghchi said Thursday that enriched nuclear material remained "under the rubble" of facilities...

UN Security Council to meet over drone raid in Poland blamed on Russia

The UN Security Council announced it would hold an emergency meeting Friday to discuss discuss violations of Poland's airspace, a...

At major settlement project ceremony in West Bank, Israel PM vows ‘there will be no Palestinian state’

"We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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EU lawmakers back push for action against Israel over Gaza

The EU chief said Wednesday in her keynote annual address to the European Parliament that she would propose those steps...
  • The European Parliament said it had voted a non-binding resolution that "endorses the Commission president's decision to suspend EU bilateral support to Israel.
  • It said it also "calls for sanctions" on Israeli Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir.

UK’s Starmer hosts Israeli president for tense visit

UK Prime Minister Keir Starmer hosted Israeli President Isaac Herzog for a contentious meeting Wednesday, with the visiting head of...
  • Herzog's visit comes after Starmer's government has in recent months toughened its criticism of how Israel is waging its war in Gaza, triggering pushback from Israeli leaders
  • The pair shook hands in front of photographers and TV cameras in Downing Street, with few smiles on display, as the meeting got underway Wednesday afternoon

Russian drones in Poland put NATO to the test

The intrusion of Russian drones into Poland -- whether deliberate, as Ukraine's European allies contend, or accidental -- is a...
  • The overflights came as Russia unleashed a barrage of strikes across Ukraine overnight, including in the western city of Lviv, around 50 miles (80 kilometres) from Polish border
  • Poland's airspace was violated 19 times, Prime Minister Donald Tusk said Wednesday, and at least three drones were shot down after Warsaw and its allies scrambled jets