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.

UN General Assembly to address AI’s potential risks, rewards

The resolution focuses more on the technology's positive potential, and calls for special care "to bridge the artificial intelligence and...
  • The text, co-sponsored by dozens of countries, emphasizes the necessity of guidelines "to promote safe, secure and trustworthy artificial intelligence systems"
  • The draft resolution seeks "to promote, not hinder, digital transformation and equitable access" to AI in order to achieve the UN's Sustainable Development Goals

‘US circulates draft UN resolution calling for immediate truce in Gaza’

"Of course, we stand with Israel and its right to defend itself... but at the same time, it's imperative that...
  • We actually have a resolution that we put forward right now that's before the United Nations Security Council that does call for an immediate ceasefire, Blinken said
  • The United States had previously used its UN Security Council veto to block the world body from calling for an immediate ceasefire in the Palestinian territory

Qatar and Turkey to reunite wounded Gazans with their relatives in Doha

Doha, Qatar - Qatar and Turkey announced partnership in reuniting wounded Palestinians from the Gaza Strip with their relatives in...
  • The Ministry of Foreign Affairs said that a number of the wounded are receiving treatment in Turkey, while their relatives were undergoing treatment in Qatar.
  • The reunification will enable the patients to continue their treatment together in Doha, as part of the initiative of Qatar's Amir Sheikh Tamim Al-Thani.

Gaza ceasefire, post-conflict planning on Blinken’s Saudi visit agenda

Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation...
  • He will discuss "a political path for the Palestinian people with security assurances with Israel, and an architecture for lasting peace and security in the region", Miller added.
  • Nearly six months into the war, Israel's key backer the United States has repeatedly called on its ally to allow more humanitarian aid into besieged Gaza.

Afghanistan blames ‘politics’ as Australia cancels T20 tour in UAE

The Afghanistan Cricket Board urged the Australian government "not to impose its policies on cricket boards" and "focus on supporting...
  • Cricket Australia said it had received advice "that conditions for women and girls in Afghanistan are getting worse" and postponed the three-match series scheduled in August
  • The decision, announced Tuesday, was third time since 2021, when the Taliban returned to power, that Australia have refused to play Afghanistan outside of international tournaments

Israel’s Gallant to visit US as Rafah pressure builds

During his first visit to Washington since war erupted in response to Hamas's unprecedented October 7 attack, Gallant is due...
  • Netanyahu's office said a delegation would visit Washington at "the request of US President"
  • Biden said Monday he had told Netanyahu to send a team to Washington

No oil and gas majors aligned with climate targets: report

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
  • The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
  • At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H

GCC and EU hold talks to boost economic, political ties

Brussels, Belgium-- The Gulf Cooperation Council (GCC) and the European Union have held talks in Brussels in order to enhance...
  • Jasem Mohamed Albudaiwi, head of the GCC, held talks with members of the EU Political and Security Committee
  • The two sides exchanged views on a group of regional and international issues, including the crisis in the Gaza Strip

Libya closes Tunisia border crossing after outbreak of clashes

Tripoli, Libya--Libya ordered the "immediate" closure of its main border crossing with Tunisia on Tuesday following clashes between armed groups and...
  • According to Libya's interior ministry, it ordered the closure of the post "after outlaw groups attacked the post in order to create chaos"
  • Armed clashes began on Monday night between armed groups who control Ras Jedir and security forces sent by Tripoli, as per media reports

Govt source: Canada halting arms shipments to Israel

On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution...
  • The move comes as Ottawa has only exported "non-lethal" shipments such as communications equipment to Israel since the deadly October 7 attacks
  • Israel has historically been a top receiver of Canadian arms exports, with CAN$21 million worth of military materiel exported to Israel in 2022

Saudi, Qatar, Oman convinced Trump to ‘give Iran a chance’: senior Saudi official

Two diplomatic sources told AFP on Thursday that the security posture at Qatar's Al-Udeid Airbase had been lowered after a...

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Hamas demands opening of Gaza crossings after UN famine declaration

Hamas called on Friday for an immediate end to the war in Gaza and the lifting of the Israeli siege...

Iran to meet Britain, France and Germany on its nuclear programme as snapback sanctions loom

The move would reimpose sweeping UN sanctions lifted under the 2015 agreement unless Iran agrees to curb its uranium enrichment...

ATP and Saudi Arabia’s PIF launch new tennis tech platform

NEW YORK and RIYADH — The ATP Tour, in a landmark partnership with the Public Investment Fund (PIF), has unveiled...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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21 countries sign joint statement condemning Israel’s West Bank settlement project

Israel has approved the plans for the roughly 12-square-kilometre parcel of land known as E1 just east of Jerusalem, which...
  • "We condemn this decision and call for its immediate reversal in the strongest terms," said the statement of foreign ministers.
  • All of Israel's settlements in the West Bank, occupied since 1967, are considered illegal under international law.

US senators push for improved press access in Gaza

Washington, United States - A group of 17 US Senators sent a letter to Secretary of State Marco Rubio on Wednesday...
  • The letter to Rubio, a staunch supporter of Israel, said: "We urge you to press the Israeli government to protect journalists in Gaza and allow global media to the territory."
  • Last week, an Israeli strike killed four journalists for Al Jazeera, including Qatari television correspondent Anas al-Sharif, as well as two freelance journalists

Trump raises pressure on central bank, calls for Fed governor to resign

Washington, United States -- President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve...
  • The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.
  • It was not immediately clear if such a probe will take place targeting Cook, the first Black woman to serve on the central bank's board.