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.

At least 80 Yemeni separatists killed in fighting, strikes since Friday

At least 152 members of the UAE-backed STC forces were wounded and 130 were taken captive, a military official from...
  • Saudi-backed forces began on Friday operations to retake swathes of territory seized by the UAE-backed STC.
  • Yemen's presidency on Saturday announced the retaking of resource-rich Hadramawt, following an apparent retreat of the STC.

Maduro now in New York jail as Trump says US to ‘run’ Venezuela

The US president's announcement followed a lightning pre-dawn attack in which commandos grabbed Maduro and his wife while air strikes...
  • Trump said he was "designating people" from his cabinet to be in charge in Venezuela, but gave no further details.
  • In another surprise, Trump indicated US troops could be deployed, saying Washington is "not afraid of boots on the ground."

Bondi shooting responders honoured at Sydney Ashes Test

Sydney, Australia -- England and Australia's cricket teams honoured at the fifth Ashes Test in Sydney on Sunday emergency service...
  • The on-field guard of honour ahead of the clash was accompanied by loud applause from the sold-out crowd.
  • The biggest cheer came when hero Ahmed al Ahmed, who ran towards one of the attackers and wrestled the gun from him, walked out.

Iran’s protests: What we know

Iran has been rocked this week by protests that started in Tehran and have spread to other cities, with at...
  • The protests began on Sunday in Tehran, where some shopkeepers went on strike over high prices and economic stagnation
  • Iran's economy has been battered by years of crushing international sanctions over its nuclear programme, with raging inflation and a collapsing currency

Yemen separatists announce two-year transition towards independence in south

Yemen's UAE-backed separatists on Friday announced the start of a two-year transitional period towards declaring an independent state after their...
  • The Southern Transitional Council (STC), whose forces came under fire from deadly Saudi-led coalition airstrikes on Friday, said the process would include dialogue and a referendum
  • SCT forces seized large swathes of Yemen's south, run by a fractious government with competing agendas, in a lightning and largely unopposed offensive last month

Seven killed as Saudi coalition strikes UAE-backed forces in Yemen

Following the strikes, a military spokesman for the STC said it was in a "decisive and existential" war with Saudi-backed...
  • Saudi Arabia and the UAE have for years supported rival factions in Yemen's government-run territories, but the STC's offensive has angered Riyadh and left them at loggerheads.
  • The air raids came shortly after pro-Saudi forces launched a campaign to "peacefully" take control of military sites in Hadramawt.

Somaliland denies it will host Palestinians, Israeli base

The breakaway region of Somaliland on Thursday denied allegations by the Somali president that it would take resettled Palestinians or...
  • Israel last week became the first country to recognise Somaliland as an "independent and sovereign state", triggering protests across Somalia
  • Somaliland unilaterally declared independence in 1991 and has enjoyed far more peace than the rest of conflict-hit Somalia, establishing its own elections, currency and army

Leftist Mamdani takes over as New York mayor under Trump shadow

Zohran Mamdani, the young upstart of the US left, was sworn in Thursday to take over as New York mayor...
  • After the clocks struck midnight, bringing in 2026, Mamdani took his oath of office at an abandoned subway stop to begin managing the United States' largest city
  • Mamdani's private swearing-in to start his four-year term was performed by New York Attorney General Letitia James, who successfully prosecuted Trump for fraud

Yemen separatists say Saudi-backed forces to deploy in seized territories

A surprise STC offensive seizing resource-rich Hadramawt and Mahra has pushed the UAE and Saudi Arabia, officially allies in Yemen,...
  • On Tuesday, the Saudi-led coalition in Yemen struck what it said was a shipment of Emirati weapons destined for the separatists.
  • But a source close to the Saudi government told AFP on Thursday that Saudi Arabia's security needs would only be met if the STC "move out of Hadramawt and Mahra".

Israel’s Mossad tells Iranian protesters ‘we are with you’

Israel's Mossad spy agency issued a direct call urging Iranians to press on with protests, saying it was supporting them...
  • Protests that began on Sunday with Tehran shopkeepers rallying against Iran's worsening economy have spread to other cities
  • The Iranian rial has dropped against the US dollar and other world currencies, forcing up import prices and hurting retail traders

Houthis claim Saudi missile attack as Trump says ‘talking to Iran’

The Houthis said on Telegram that a "Yemeni missile strike" had sparked fires in Jizan. Saudi authorities did not immediately...

Company News

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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...

Dubai completes 30% of dedicated bus and taxi lanes expansion project

Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) has completed 30% of a project to build 14.5 km of...

Vance hails ‘historic’ US-Iran talks as Trump warns Tehran over Lebanon ‘proxies’

US and Iranian negotiators opened talks in Switzerland amid renewed tensions over Lebanon, with both sides linking progress to regional...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran closes Hormuz over Lebanon strikes as US, Iranian teams head to Switzerland

Iran's joint military command said the move was prompted by what it described as Israeli violations of the understanding reached...
  • Technical discussions on implementing the interim accord are expected in Switzerland amid mounting regional tensions and uncertainty.
  • Lebanon's health ministry said the death toll since the latest Israel-Hezbollah conflict erupted on March 2 had reached 4,057.

Lebanon violence tests US-Iran accord as Israeli ministers harden rhetoric

Lebanon's Health Ministry said at least 21 people were killed and 39 wounded in overnight strikes across southern Lebanon.
  • "For every tear of an Israeli mother, a thousand Lebanese mothers must weep," Israeli minister Itamar Ben-Gvir wrote on social media.
  • Iranian Foreign Minister Abbas Araghchi condemned the remarks, saying they reflected Israel's desire for "permanent war".

Vance rebukes Israeli critics of Trump-Iran deal, says US remains Israel’s only ally

Vance said that if he were serving in Israel's cabinet, he would not be "attacking the only powerful ally that...
  • Israeli leaders insist they retain freedom to confront Hezbollah and Iran regardless of terms in the U.S.-Iran accord.
  • Vance earlier this week that the accord would make both Israel and the wider region safer and expressed confidence that Israel would eventually support it.