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.

US sanctions network smuggling American tech to Iran’s central bank

US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates,...
  • The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement
  • Treasury's move freezes any US assets associated with the sanctioned individuals and entities, and generally prohibits Americans from doing business with them

In Gaza, there are no more ‘normal-sized babies’: UN official

The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians,...
  • "Doctors are reporting that they no longer see normal-sized babies,"  Dominic Allen, UN official said after visiting hospitals still providing maternity services in north of Gaza
  • Allen said Israeli authorities had refused to allow in some UNFPA supply shipments, such as kits for midwives, or had removed supplies like flashlights and solar panels

UN says 5 million at risk of starvation in Sudan

The war between army chief Abdel Fattah al-Burhan and his former deputy, Mohamed Hamdan Daglo, has since April last year...
  • Some five million Sudanese could face calamitous food insecurity in coming months as a nearly yearlong war between rival generals continues to tear the country apart, UN said
  • UN humanitarian chief Martin Griffiths noted that nearly 730,000 Sudanese children - including more than 240,000 in Darfur - are thought to suffer from "severe" malnutrition

Hamas, Houthis hold rare meeting: Palestinian sources

According to sources from Hamas and Islamic Jihad, leaders from the two Palestinian groups, as well as the Marxist Popular...
  • The Houthis have attacked Red Sea shipping for months since the Israel-Hamas war broke out on October 7, saying they are targeting vessels in solidarity with Palestinians
  • Hamas and the Houthis belong to the "axis of resistance", a collection of Iran-backed movements hostile to Israel and the United States that also includes Lebanon's Hizbollah

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...
  • Among the steps that have been discussed is ending national airline Iran Air's flights to Europe, the official added.
  • A senior US administration official told journalists that if Iran decides to sell ballistic missiles to Russia, the costs will far outweigh the benefits.

Seven children among 22 dead as boat capsizes off Turkish coast

Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said...
  • "The Turkish coastguard found the bodies of 22 people including seven children," the local governor's office said in a statement.
  • Officials said the boat began sinking overnight and on Friday many ambulances were standing by at the port of Kabatepe near Gokceada.

European Union to sanction violent Israeli settlers and Hamas

Britain and the United States have already imposed sanctions on a small number of Israeli settlers accused of committing human...
  • A high-ranking EU official said that he expected foreign ministers from the bloc's 27 member states to give political backing to the moves.
  • The 27-nation EU has struggled for a unified position in the face of the Hamas attack and Israel's subsequent devastating military operation in Gaza.aZ

US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen

Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after...
  • CENTCOM said two missiles fired by the Houthi rebels towards the Red Sea and two towards the Gulf of Aden had caused no damage or injuries
  • The Houthi attacks have sent insurance costs spiralling for vessels plying the key trade route and prompted many shipping firms to avoid the Red Sea

Red Sea crisis reduces Ramadan cheer for war-torn Yemen

Ramadan, when Muslims break their day-long fasts with large evening meals, usually means brisk business for Yemen's shops. But in...
  • Over the past four months, the Houthis have been harassing shipping in the Red Sea in protest at Israel's war against Hamas, triggering American and British reprisal strikes
  • The conflict in the commercially vital seaway has pushed up the cost of importing goods, exacerbating runaway inflation and raising fears that food supplies could run out

UN should organize more aid convoys for north Gaza: Israel

An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...
  • However UNRWA spokeswoman said the issue is with Israel not allowing enough aid in
  • Aid workers say slow inspections and opaque rules have held up the arrival of aid

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...

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Israel demands release of all hostages after Hamas backs new truce offer

Mediators are awaiting an official Israeli response to the plan, a day after Hamas signaled its readiness for a fresh...

Syria commission says more than 300,000 may have gone missing since 1970s

The head of Syria's commission for missing persons said Monday the number of people who went missing during decades of...

Under Rubio, US has revoked visas of 6,000 students deemed to counter US interests

Rubio, to the delight of President Donald Trump's right-wing base, has proudly moved against students using an obscure law that...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Dubai police retrieve stolen diamond worth $25 million

Dubai, United Arab Emirates -- Dubai police said on Monday they caught three thieves just hours after they stole a...
  • A diamond trader who had brought the jewel from Europe was lured to a villa by a crime gang under the pretense of a viewing by a potential wealthy client, police said.
  • But the gem was stolen when the diamond dealer arrived for the bogus inspection, the statement added.

Hamas accepts new Gaza truce proposal from mediators Qatar and Egypt

"The movement has submitted its response, agreeing to the mediators' new proposal. We pray to God to extinguish the fire...
  • Egypt said it and Qatar had sent the new proposal to Israel, adding "the ball is now in its court". Israel has yet to respond.
  • A Palestinian source familiar with the talks said mediators were "expected to announce that an agreement has been reached and set a date for the resumption of talks".

Zelensky returns to site of stunning Oval Office shouting match to talk peace with Russia

European leaders will join Zelensky in Washington on Monday, seeking above all else to prevent another Oval Office meltdown -- but...
  • On Friday, Trump met with Putin in Alaska to discuss the Ukrainian conflict, promising to run any proposals by both Ukraine and its European allies before agreeing to a deal
  • European leaders will join Zelensky in Washington on Monday, seeking above all else to prevent another Oval Office meltdown