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.

‘Israeli army tortures and rapes Palestinian girls’

The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...
  • Palestinian women and girls have reportedly been arbitrarily executed in Gaza, often together with family members, including their children, a UN press statement said
  • Experts have called for an independent, impartial, prompt, thorough, and effective investigation into the allegations and for Israel to cooperate with such investigations.

Israel says Brazil’s Lula ‘persona non grata’ for Holocaust remarks

Lula's remarks on Sunday sparked outcry in Israel after the Brazilian leader said the ongoing conflict in the Gaza Strip...
  • Brazilian president on Sunday said the ongoing conflict in the Gaza Strip "isn't a war, it's a genocide" and compared it to "when Hitler decided to kill the Jews"
  • "He's persona non grata in the state of Israel so long as he doesn't retract his remarks and apologize," Israeli foreign minister Katz said of Brazilian leader

Construction in China-Saudi Arabia ethylene project begins

FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
  • The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.
  • The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.

Iran-EU trade surpasses US$5bn in 2023, says Eurostat

TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
  • Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
  • During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.

Gaza war effect: Israel’s GDP shrinks by 20% in the last quarter of 2023

Overall, Israel's GDP grew by 2.0 percent in 2023, short of the 2.3 percent projection made by the Bank of...
  • It was the single worst quarter for the Israeli economy in terms of GDP per capita since the opening quarter of the Covid pandemic in early 2020.
  • The country has seen massive labor shortages and the collapse of the tourism industry since the outbreak of war.

Norway deal averts Palestinian financial collapse: govt

The portion of the revenues that Israel will transfer to Norway will remain in a Norwegian account until the parties...
  • Under a 1994 agreement, the PA receives taxes that Israel collects on its behalf -- but Israel has withheld some of these since Hamas's attack
  • The Palestinian Authority has refused to accept any transfers unless Israel changes its decision, an impasse that has lasted for several months

Israel sets Ramadan deadline for offensive on Gazan city Rafah

Fearing the potential for mass casualties, foreign governments and aid organizations have repeatedly urged Israel to spare Rafah, the last...
  • Speaking at the Rafah offensive in Jerusalem conference on Sunday, Netanyahu renewed his vow "to finish the job to get total victory" over Hamas, with or without a hostage deal
  • Benny Gantz said that an offensive would be carried out in a coordinated manner to facilitate an evacuation to minimize the civilian casualties as much as possible"

US strikes Houthi weapons’ systems in latest attack

According to a statement from CENTCOM, the five strikes included targeting "the first observed Huthi employment of a UUV (unmanned...
  • Maritime security firm Ambrey said a cargo vessel came under attack on Sunday.
  • The Houthi attacks have raised insurance premiums for shipping companies

Prospects dim for truce as Israel rejects calls to spare Rafah

Mediator Qatar acknowledged that separate ceasefire talks had also hit an impasse after Israeli Prime Minister Benjamin Netanyahu rejected some...
  • A total of 127 people died in 24 hours, Hamas-run Gaza's health ministry said, as the main battlefront edged closer to far-southern Rafah
  • Israel's top ally the United States signalled it would veto the latest push for a UN Security Council resolution demanding an immediate ceasefire

Israeli forces kill two Palestinians in West Bank raid

Two Palestinian men, including one member of an armed group, were killed in an Israeli raid, in the latest surge...
  • The deaths came with international concern mounting about unrest in the West Bank since Hamas's October 7 attack on Israel.
  • At least five other people were wounded in the Israeli military operation, according to the Palestinian Red Crescent.

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...

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Gaza war deepens Israel’s divides, sets friends, families against one another

Hostage families and peace activists want Prime Minister Benjamin Netanyahu's government to secure a ceasefire with Hamas and free the...

Iran says US accountability for attacks on nuclear sites part of any future talks

Iran said Monday it would hold the United States accountable for attacks on its nuclear sites in any future negotiations,...

Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages

His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran sets up new defence council after war with Israel, to be chaired by president

The new body - which will be chaired by the president and include top military commanders among other senior officials...
  • The new body which will be chaired by the president and include top military commanders will be tasked with "reviewing defence strategy.'
  • The move comes in the wake of a conflict with Israel that, according to official figures, left more than 1,000 people dead in Iran and 29 in Israel

Israel says ground troops conducted raids in Syria in the latest border raid since Assad fall

Israel's military said Sunday ground troops had operated in southern Syria, seizing weapons and questioning individuals suspected of arms trafficking,...
  • A military statement said that troops had completed overnight "a mission involving on-site questioning of several suspects involved in weapons trafficking in southern Syria
  • In July, Israel bombed Syrian government forces in the capital Damascus and in Sweida province to force their withdrawal from the southern region amid a wave of sectarian violence

Tunisia’s Jaouadi pushes through pain for second world gold

Singapore, Singapore -- Tunisia's Ahmed Jaouadi added the 1,500m freestyle world title to his 800m crown on Sunday for a...
  • Jaouadi won a thriller to grab gold in 14min 34.41sec, ahead of Germany's Sven Schwarz (14:35.69) and the American world record holder Finke (14:36.60).
  • With three laps to go in the gruelling long-distance race, it was a three-way tussle between Jaouadi, Schwarz and Finke.