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.

Israel’s triple crisis: War, politics and economy

Israel grapples with escalating uncertainty as the Gaza conflict persists, stirring military, political, and economic turmoil alongside rising fears of...
  • Israel grapples with escalating uncertainty as the Gaza conflict persists, stirring military, political, and economic turmoil alongside rising fears of financial instability.
  • Israel's vital high-tech sector risks losing international investments, while Moody's historic downgrade reflects heightened political risk and eroding state institutions.

Qatar says hopeful for Gaza truce before month of Ramadan

Doha, Qatar - Qatar is "hopeful" of a Gaza war ceasefire and is pushing for an agreement before Ramadan, its foreign...
  • Egyptian, Qatari and US mediators met in Doha for talks also attended by Israeli and Hamas representatives.
  • Qatar has been a key mediator in negotiations involving the Palestinian fighters, Israel, the United States and Egypt.

Israeli troops kill 3 Palestinians in West Bank’s refugee camp

Tubas, Palestinian Territories - Israeli troops killed three Palestinians in an overnight raid in a refugee camp in the occupied West...
  • The Palestinian health ministry in Ramallah said the three men were killed "by Israeli occupation bullets" during clashes in the Faraa refugee camp.
  • One of the three men killed was a fighter, a Palestinian official said, while the other two were civilians "in their homes and were killed by snipers deployed in the camp".

Zelenskyy in Saudi Arabia to discuss war; meets Mohammed bin Salman

RIYADH, SAUDI ARABIA - President of Ukraine Volodymyr Zelenskyy and his accompanying delegation arrived here on Tuesday. The Ukrainian President...
  • At the Royal Terminal in King Khalid International Airport, Zelenskyy was received by the Deputy Governor of Riyadh Region and other senior officials.
  • The 10th Saudi relief plane operated by King Salman Humanitarian Aid and Relief Center (KSrelief) reached a Polish airport, close to the Ukrainian border.

UAE announces US$2,722 penalty for late corporate tax registration

ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...
  • A penalty of US$2,722 (AED10,000) will be imposed on businesses that do not submit their Corporate Tax registration applications on time.
  • The penalty was implemented to prompt taxpayer compliance with laws through timely corporate tax registration.

France says ‘nothing ruled out’ to thwart Russia in Ukraine

French Prime Minister Gabriel Attal told the RTL broadcaster that there was "no consensus" on any "official" deployment of ground...
  • Speaking a day after President Emmanuel Macron said that sending Western ground troops was not excluded, prime minister Attal said that "you can't rule anything out in a war."
  • Macron, after hosting a meeting of two dozen European leaders to discuss Ukraine, on Monday painted a grim picture of a Russia whose positions he said were "hardening."

Hizbollah fires new barrage of rockets at Israeli air base

Beirut, Lebanon--Lebanon's Hizbollah said it launched a salvo of rockets at an Israeli air control base on Tuesday in retaliation for...
  • The Lebanese armed group said it targeted the "Meron air control base... with a large salvo of rockets from several launchers"
  • Hizbollah's rocket assault was sparked off after Israel struck Hizbollah targets near the city of Baalbek, killing two of its fighters

US welcomes Palestinian Authority reform after PM quits

The Palestinian leadership has been divided since 2007, with the Palestinian Authority exercising limited power in the West Bank. Blinken...
  • "We do welcome steps for the PA to reform and revitalize itself," State Department spokesman Matthew Miller told reporters, using the Palestinian Authority's initials
  • State Department spokesman declined to comment directly on the resignation of prime minister Mohammad Shtayyeh, saying it was an internal matter for Palestinians

US targets Houthi vessels, missiles in latest attack

Yemen's Houthis have been targeting shipping for months and their attacks have persisted despite repeated US and British strikes aimed...
  • US forces destroyed surface vessels, anti-ship cruise missiles, and an aerial vehicle
  • Over the weekend, US and British forces carried out strikes against 18 Houthi targets

Gaza ceasefire could start by next Monday: Joe Biden

A deal between Hamas and Israel could include the exchange of dozens of hostages for several hundred Palestinian civilians held...
  • Biden said in New York that "we're close, we're close, we're not done yet"
  • An unnamed Israeli official told news site Ynet the "direction (of the talks) is positive"

US to work with current Venezuela leaders if they make ‘right decision:’ Rubio

The United States is ready to work with Venezuela's remaining leaders if they make "the right decision," Secretary of State...

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Iran opposes Lebanese govt’s decision to disarm Hezbollah: Khamenei adviser

Iran opposes the Lebanese government's decision to disarm the Tehran-backed militant group Hezbollah, a senior adviser to supreme leader Ayatollah...

Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump

The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...

Putin-Trump summit to meet on Friday on Ukraine: what we know so far

On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Netanyahu’s Gaza plan: Hamas accuses Israel PM of sacrificing hostages for personal interest

"Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice...
  • "Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice them in pursuit of his personal interests. Hamas said
  • The statement was issued as Netanyahu was convening his security cabinet to vote on an expansion of the military campaign in Gaza

Trump to host Armenia, Azerbaijan for historic ‘Peace Signing’ Friday

US President Donald Trump announced he will host the leaders of Armenia and Azerbaijan on Friday for what he called...
  • Armenian Prime Minister Nikol Pashinyan and President Ilham Aliyev of Azerbaijan "will join me at the White House for an official Peace Signing Ceremony," Trump said Thursday
  • Baku and Yerevan, sworn enemies for decades, went to war twice over the disputed Karabakh region, which Azerbaijan recaptured from Armenian forces in a lightning 2023 offensive

A day after Hezbollah’s rebuff, Lebanon cabinet meets again on the group’s disarmament

With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut...
  • With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut in recent weeks
  • Prime Minister Nawaf Salam said Tuesday that the government had tasked the military with developing a plan to restrict arms to state forces by the end of 2025.