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.

Iran unveils air defense systems amid rise in Middle East tensions

Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle...
  • "The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," local reports said.
  • The unveiling of the new weapons comes at a time of heightened regional tensions with the war between Israel and Tehran-backed Hamas raging into a fifth month.

Hamas chief says group seeks complete truce in Gaza

Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a...
  • In a statement issued on Saturday, Qatar-based Haniyeh reiterated the group's several demands, including an end to fighting in Gaza.
  • Haniyeh insisted that those displaced from the north be returned to their areas in the territory and also called for the release of Hamas prisoners.

UNRWA chief says Israel wants to destroy agency

Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian...
  • "Right now we are dealing with an expanded, concerted campaign by Israel aimed at destroying UNRWA," he told the Swiss newspaper group Tamedia
  • Israel has called for Lazzarini to step down following claims that a Hamas tunnel had been discovered under its evacuated Gaza City headquarters.

Pakistan official admits being part of election rigging

Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations...
  • Liaqat Ali Chattha, commissioner of the garrison city of Rawalpindi, said he would hand himself over to police.
  • "We converted the losers into winners, reversing margins of 70,000 votes in 13 national assembly seats," he said.

Fear pervades West Bank hospital after deadly Israeli raid

Jenin, Palestinian Territories - A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients...
  • At the rehabilitation ward at Jenin's Ibn Sina hospital, two patients recalled hearing the screams of a nurse as Israeli forces reached the third floor.
  • Such an attack "creates fear and is dangerous for health workers and patients", said Rik Peeperkorn, the UN agency's envoy for the Palestinian territories.

WTO chief insists global trade body still counts

WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...
  • World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce
  • WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

Coups, conflicts and crises confront African summit

Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head Moussa Faki Mahamat voiced alarm at...
  • Gabon and Niger will be absent from the summit following their suspension over coups last year -- joining Mali, Guinea, Sudan and Burkina Faso, which are also barred
  • Beyond Africa, the Israel-Hamas conflict in Gaza is a hot topic, with African Union Commission head Moussa Faki Mahamat describing it as a "war of extermination."

Missile attack targets ship off Yemen: security agencies

Friday's strike came as a US decision in January to redesignate the Houthis as "terrorists" formally came into force. The...
  • US State Department spokesperson said a missile fired from Yemen "struck the port side of the India-bound, Panamanian-flagged MT Pollux, which was carrying crude oil
  • Security firm Ambrey said the Panama-flagged tanker "sustained minor damage" in the missile strike northwest of the Yemeni coastal city of Mokha

Gaza health ministry: 5 die in Israeli-raided hospital after oxygen cut

Five patients from the intensive care unit had died "as a result of the stopping of generators that caused a...
  • The Israeli army said Thursday it had launched a "precise" operation in the hospital after receiving "credible intelligence" to suggest hostages had been held inside
  • Medical charity Doctors Without Borders said on Thursday that shelling of the Nasser hospital had forced its staff to flee, leaving patients behind

Hizbollah chief says Israel to pay ‘with blood’ for Lebanon civilians killed

Nasrallah said the killing of civilians was aimed at "putting pressure" on Hizbollah to stop attacks on Israel, but stressed...
  • He warned that his movement has "precision-guided missiles that can reach... Eilat", on Israel's Red Sea coast, beyond the northern towns it usually targets in retaliatory strike
  • Hamas ally Hizbollah and its arch-foe Israel have been exchanging near-daily fire across the border since the Israel-Hamas war broke out on October 7

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...

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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...

Palestinians across major West Bank cities protest Gaza war

One of the largest marches took place in Ramallah, the seat of the Palestinian Authority located just north of Jerusalem,...

Filmmakers try to cash in on India-Pakistan battle

Mumbai, India -- Indian filmmakers are locking up the rights to movie titles that can profit from the patriotism fanned...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel intercepts Huthi missile fired from Yemen

The Israeli military said it intercepted a missile fired from Yemen on Friday, which the Iran-backed Huthi rebels said they...
  • "Following the sirens that sounded a short while ago in several areas in Israel, a missile that was launched from Yemen was intercepted," the Israeli military said
  • The Huthis targeted Israel's Ben Gurion airport "using a 'Palestine 2' hypersonic ballistic missile", their military spokesman Yahya Saree said in a video statement

Turkey starts supplying Azerbaijani gas to boost Syria’s power output

Istanbul, Turkey - Turkey on Saturday turned on a supply of natural gas from Azerbaijan to Syria, whose infrastructure was...
  • Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the battered country where power cuts can last for more than 20 hours a day
  • A first phase of the Qatari scheme to fund gas supplies for power generation in Syria rolled out in March via Jordan and provided 400 megawatts of electricity per day

US envoy meets Israeli hostage families in Tel Aviv

US envoy Steve Witkoff on Saturday met the anguished families of Israeli hostages still held in Gaza, as fears for...
  • Witkoff was greeted with some applause and pleas for assistance from hundreds of protesters gathered in Tel Aviv, before going into a closed meeting with the families
  • The visit came one day after Witkoff visited a US-backed aid station in Gaza, to inspect efforts to get food into the devastated Palestinian territory