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.

Gaza truce talks in Cairo as heavy fighting rages

An Israeli siege on Gaza has sparked UN warnings of famine, and France's foreign ministry said Israel is "clearly responsible"...
  • Envoys from the United States, Qatar and Hamas arrived in Cairo, Egyptian state-linked media reported Sunday, the latest effort towards a six-week truce
  • But sticking points remained, including a Hamas demand that Israeli forces entirely withdraw from the Gaza Strip after almost five months of devastating war

Saudi Arabia to imprison, fine people for helping, employing illegal immigrants

RIYADH, SAUDI ARABIA – The Directorate of Public Security stressed that anyone who facilitates the entry, transfer or employment of...
  • The means of transportation used for bringing illegal immigrants will be confiscated.
  • The housing unit used to shelter illegal immigrants will be confiscated, as per the law.

Polls for Iraq Kurd parliament postponed to June

Iraqi Kurds announced that polls to elect a new parliament in the autonomous region would be held in June, after...
  • Regional president Nechirvan Barzani signed the order for the elections to be held on June 10, a presidency statement said.
  • In August last year, authorities announced polling would take place on February 25 after consultation with the parties.

Cargo ship sunk by Houthis poses environmental risk, says US military

Yemen's government also said earlier Saturday that the ship which was departed UAE and was bound for the Bulgarian port...
  • Houthis claimed the February 18 attack against the Rubymar, a cargo ship flying a Belizean flag and operated by a Lebanese firm, which transported combustible fertilizers
  • US Central Command (CENTCOM) confirmed late Saturday that the vessel "sank in the Red Sea after being struck" by an anti-ship ballistic missile last month

Israeli strike near Gaza’s Rafah hospital kills 11

A paramedic was among those killed and children were wounded in the blast close to the Emirati Maternity Hospital, ministry...
  • The Israeli army said it had carried out a "precision strike" in the area of the hospital
  • WHO chief Tedros Adhanom Ghebreyesus said the strike was "outrageous and unspeakable"

Trump wins vote in 3 states, edging toward nomination

The voting Saturday in Missouri, Michigan and Idaho were hybrid internal elections with differing rules, in some cases reflecting rifts...
  • Trump has now won every state nominating contest heading into next week's "Super Tuesday"
  • The former president has gained huge momentum in the race to capture the Republican nomination

SpaceX launch taking crew to ISS delayed again by weather

Hours before Saturday night's scheduled launch, SpaceX posted on X that "elevated winds" forced the delay. It was the latest...
  • The company announced that the launch was delayed, and NASA said the agency would now target Sunday at 10:53 pm for liftoff
  • The SpaceX Crew Dragon named Endeavour is to carry the four atop a Falcon 9 rocket from the Kennedy Space Center in Florida

Israelis take to streets to demand release of hostages

As the peaceful demonstration was underway in Jerusalem, a senior US official said a truce deal which may see hostages...
  • Netanyahu's government has faced mounting calls to bring home the 130 captives
  • In almost five months of Israel's war on Gaza at least 30,320 people have been killed

Israel accepts ceasefire deal with Hamas: US official

A senior US official told reporters that the framework agreement envisages a six-week cessation of hostilities, which could begin immediately...
  • The announcement came after US military cargo planes dropped aid into Gaza
  • The UN has warned of famine in Gaza as Israel killed more than 100 people collecting food

US military begins dropping aid into war-torn Gaza

Israel's top ally the United States said it began air-dropping aid into war-ravaged Gaza, as the Hamas-ruled territory's health ministry...
  • It also comes as negotiations continue for a ceasefire between Israel and Hamas in the Gaza Strip.
  • US Central Command said the operation was conducted together with Jordan and saw planes drop “over 38,000 meals along the coastline of Gaza.”

Oil prices gain, as equities extend record run higher

Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...

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The Elders group of global leaders terms Gaza situation ‘unfolding genocide’

The London-based group also called for the "recognition of the State of Palestine", but added "this will not halt the...

Iran security chief meets officials in Iraq before Lebanon visit

Ali Larijani, the head of Iran's top security body, met with senior officials in Iraq on Monday, ahead of a...

Accumulating bitcoin a risky digital rush by companies?

London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN, media groups condemn Israel’s deadly strike on Al Jazeera team in Gaza

Dozens of Gazans stood amid bombed-out buildings in the courtyard of Al-Shifa Hospital in Gaza City to pay their respects...
  • Hospital director Mohammed Abu Salmiya said a sixth journalist, freelance reporter Mohammed Al-Khaldi, was killed in the strike that targeted the Al Jazeera team.
  • Mourners including men wearing blue journalists' flak jackets carried their bodies, wrapped in white shrouds with their faces exposed, through narrow alleys to their graves.

Norway sovereign fund drops investments in 11 Israeli companies

Oslo, Norway -- Norway's sovereign wealth fund, the world's largest, said Monday that it was selling its investments in 11...
  • Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken "in response to extraordinary circumstances".
  • Norway's wealth fund is the biggest in the world with a value of around $1.9 trillion, with investments spanning the globe.

Netanyahu announces plan to allow foreign reporters into Gaza

Israeli Prime Minister Benjamin Netanyahu announced on Sunday a plan to allow more foreign journalists to report inside Gaza with...
  • Israel has blocked most foreign correspondents from independently accessing the territory since it launched its campaign there
  • "We have decided and have ordered, directed the military to bring in foreign journalists, more foreign journalists, a lot," Netanyahu said