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.

Iran vows fast trials over protests after Trump threatened “very strong action”

Iran on Wednesday vowed fast-track trials for people arrested over a massive wave of protests, after US President Donald Trump...
  • Trump on Tuesday said in a CBS News interview that the United States would act if Iran began hanging protesters.
  • Iranian prosecutors have said authorities would press capital charges of "waging war against God" on some detainees.

Trump to Iranians on his Truth Social platform: ‘Keep protesting’, ‘help on its way’

US President Donald Trump urged Iranians on Tuesday to keep protesting against the country's theocratic leadership, telling them "help is on...
  • Trump, who has repeatedly threatened Iran with military intervention, said Iranians should continue their nationwide protests
  • The Norway-based NGO Iran Human Rights (IHR) said it had confirmed 648 people killed during the protests, including nine minors

Starlink services disrupted in Iran amid expanding protests and broader measures affecting internet access

Widespread jamming of the Starlink satellite internet service used by some Iranian opposition members is a likely first in peacetime but...
  • Tehran has sought to completely cut off internet access as protests sparked by economic grievances have gathered pace
  • A blackout of the internet delivered by ground cables to PCs and mobile phone masts has lasted over three and a half days

Trump reposts suggestion that Rubio become next Cuba leader

President Donald Trump reposted a social media message on Sunday suggesting that US Secretary of State Marco Rubio, born to Cuban...
  • Repost comes a week after US forces seized Venezuela's authoritarian leader Nicolas Maduro in an overnight operation
  • Cuba's government has yet to respond to Trump's provocative suggestion that an American citizen could rule the island

Palestinian VP meets diplomat expected to serve on Trump’s Gaza peace board

Palestinian vice president Hussein al-Sheikh met on Friday with former UN Middle East envoy Nickolay Mladenov, who is expected to...
  • The meeting in the occupied West Bank city of Ramallah comes a day after Mladenov held talks with Israeli Prime Minister Netanyahu
  • Bulgarian diplomat Mladenov served as the UN envoy for the Middle East peace process from early 2015 until the end of 2020

Russia joins Chinese, Iran warships for military drills off South Africa

A Russian warship arrived off South Africa's main naval base Friday to join Chinese and Iranian vessels for military exercises that...
  • A Chinese destroyer and replenishment ship, as well as an Iranian forward base vessel, sailed into South African waters earlier this week
  • The UAE was also expected to send ships, South Africa's Deputy Defence Minister Bantu Holomisa told Newzroom Afrika television

Defiant Khamenei insists ‘won’t back down’ in face of growing Iran protests

Iran's supreme leader Ayatollah Ali Khamenei on Friday insisted the Islamic republic would "not back down" in the face of...
  • The demonstrations represent one of the biggest challenges yet to the Islamic republic in its over four-and-a-half decades of existence
  • But Khamenei struck a defiant tone in his first comments on the escalating protests since January 3, calling the demonstrators "vandals"

Israel president meets diplomat expected to serve on Trump’s Gaza peace board

Israel's President Isaac Herzog on Thursday met with former UN Middle East envoy Nickolay Mladenov, whom media reports say is...
  • A spokesman from Herzog's office said the president met with Mladenov on Thursday, without providing further details
  • The Times of Israel reported that Mladenov was expected to meet Israeli Prime Minister Benjamin Netanyahu later on Thursday

US could run Venezuela, tap its oil for years, Trump says less than a week after toppling Maduro

The United States could run Venezuela and tap into its oil reserves for years, President Donald Trump said in an...
  • Venezuela's state oil firm PDVSA said it was discussing oil sales with the United States for the "sale of volumes of oil"
  • Trump and his advisors are considering a plan for the US to exert control over PDVSA, the Wall Street Journal reported

Yemen separatist leader fled to UAE: Saudi-led coalition

Aidaros Alzubidi was accused of high treason and removed from Yemen's Presidential Leadership Council on Wednesday, while the coalition bombed...
  • Last month's STC offensive brought fresh turbulence to fractured Yemen and exposed deep rifts between Gulf allies Saudi Arabia and the UAE.
  • The oil-rich neighbors formed the backbone of the coalition fighting Iran-backed Houthi rebels in Yemen, who overran the capital Sanaa in 2014 and still control much of the country

UAE’s Wadi Wurayah inscribed on UNESCO World Heritage List

The reserve is the country's third World Heritage Site and the first recognized specifically for its outstanding natural value.

Company News

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Rubio meets UAE president as US-Iran technical talks set to resume next week

Rubio and Sheikh Mohamed reviewed strategic cooperation between the UAE and the US and discussed regional developments, with particular focus...

Oman opens temporary Hormuz shipping corridor as efforts intensify to restore maritime traffic

Muscat said the measure was intended to safeguard freedom of navigation in accordance with international maritime law and without imposing...

UN inquiry says Israeli targeting of Palestinian children points to ‘genocidal intent’ in Gaza

The findings were published by the UN Independent International Commission of Inquiry, which said it had found evidence that Palestinian...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran says it will administer Hormuz as talks make progress on Lebanon security

Mediators Qatar and Pakistan announced the creation of a direct communication channel designed to reduce the risk of misunderstandings and...
  • Tehran says Swiss negotiations produced progress on Lebanon, oil sanctions and access to frozen Iranian funds.
  • U.S. and Iran establish direct channels aimed at reducing risks around Hormuz and enforcing Lebanon truce.

Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security

Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...
  • Iranian Foreign Minister Abbas Araghchi said on social media that "major progress" had been achieved toward ending the conflict in Lebanon.
  • Iranian state media reported that sanctions relief, particularly measures affecting the country's oil industry, was also discussed during the Swiss meetings.

Digital Dubai’s contribution lifts Dubai in global city brand rankings

DUBAI, June 22 — Digital Dubai contributed an estimated AED31 billion ($8.5 billion) to Dubai’s overall brand value, helping the...
  • The study said Digital Dubai accounted for a significant share of Dubai’s nearly AED1 trillion place-brand value.
  • It also played a key role in boosting the emirate’s standing in the City Brand Strength Index, where Dubai scored 86 out of 100.