INSEAD Day 4 - 728x90

Geostrategy

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

US downed 8 drones off Yemen, hit 4 on ground

Washington, US - American forces shot down eight drones near Yemen and destroyed four more on the ground, the US military...
  • A US Navy destroyer shot down one drone on Friday morning while F/A-18 warplanes and another ship downed seven later in the day.
  • "These actions will protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels," US said

Displaced Lebanese lament bombed homes, lost livelihoods

Tyre, Lebanon - When Ines Tehini and her family fled their south Lebanon village after Hizbollah and Israel began exchanging fire...
  • In Srifa, less than 15 kilometers (nine miles) from the border with Israel, farmer Abbas Fakih is staying in a house rent-free thanks to the generosity of residents.
  • "I had 250 goats. I've had to sell 50 or 60... just to put food on the table and feed the remaining cattle," he said, surrounded by his four children and their cousins.

Civilians among 16 killed in Iraq by US strikes on pro-Iranian group

The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Awadi said....
  • The strikes hit "locations in the Akashat and Al-Qaim regions, including areas where our security forces are stationed", Iraqi govt spokesman Awadi said.
  • "This aggressive air strike will push the security situation in Iraq and the region to the brink of the abyss," the spokesman Awadi added.

UAE allocates US$5m for UN’s humanitarian efforts in Gaza

ABU DHABI, UAE – As per the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Affairs...
  • The UAE is keen to support the humanitarian operations being carried out by the United Nations in the Gaza Strip.
  • The UAE stressed on the need to prevent further loss of life and avoid inflaming the situation in the Palestinian territory.

No Middle East escalation, urges EU foreign policy chief after US strikes

European Union foreign policy chief Josep Borrell called on all parties to avoid further escalation in the Middle East after...
  • US President Joe Biden vowing more attacks in retaliation for a deadly drone attack on an American base in Jordan.
  • The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks.

Deadly strikes hit ‘pressure cooker’ Rafah ahead of Gaza truce push

Hundreds of thousands of displaced Palestinians have fled south to Rafah since the outbreak of the war, with the former...
  • An AFP journalist in the city heard powerful explosions shortly after midnight on Saturday, with the Hamas-run health ministry later reporting 14 people killed in two strikes there
  • Antony Blinken will travel to the Middle East again in the coming days to press a new proposal involving the release of Israeli hostages in return for a pause in Gaza fighting

Damascus says US occupation of Syrian territory ‘cannot continue’

The United States has some 900 troops in Syria and 2,500 in neighboring Iraq as part of an international coalition...
  • The overnight strikes killed "a number of civilians and soldiers, wounded others and caused significant damage to public and private property", the Syrian military said
  • The United States blamed Sunday's drone attack in Jordan on Iran-backed groups, but did not strike inside Iranian territory

Yemeni Houthis claim missile strike on Israel

The attack was the latest in a series of drone and missile strikes launched by the Houthis since the start...
  • Houthi forces "carried out a military operation against specific targets of the Israeli enemy in the Umm al-Rashrash area with a number of ballistic missiles", Yahya Saree said
  • The Israeli military had said earlier it had "successfully intercepted a surface-to-surface missile that approached Israeli territory in the area of the Red Sea"

Ex-Amazon economist to head Turkey’s central bank

Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...
  • Fatih Karahan's appointment follows the resignation of Hafize Gaye Erkan after less than a year in office over a media scandal involving her family
  • The reshuffle appears to keep in place Erdogan's newfound commitment to market economics following years of financial turmoil

US retaliatory strikes hit Iran-linked targets in Syria, Iraq

"The United States does not seek conflict in the Middle East or anywhere else in the world. But let all...
  • The United States did not strike the Iran's territory seeking to deter future attacks while stopping short of all-out war with Tehran
  • US NSC spokesman John Kirby told journalists that the strikes lasted about 30 minutes though they involved a lengthy trip for the B-1 bombers

China’s high-speed rail network passes 50,000km mark

Beijing, China -- China's sprawling high-speed rail network passed 50,000 kilometers (31,000 miles) in total operating distance with the opening...

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Hamas accuses US mediators of reneging on Gaza talks positions

"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...

UK starts online checks to stop children accessing harmful content

London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...

UN chief blasts ‘lack of compassion’ for Palestinians in Gaza

United Nations, United States -- UN Secretary-General Antonio Guterres on Friday slammed the international community for turning a blind eye...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Macron says France will recognise State of Palestine, angering Israel, US

At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...
  • At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel and the United States strongly oppose the move
  • Several countries have announced plans to recognise statehood for the Palestinians since Israel launched a bombardment of Gaza nearly two years ago

Iran defends ‘unshakable’ right to enrich uranium ahead of key talks

Iran on Thursday reaffirmed its right to enrich uranium, saying it was "unshakable", on the eve of key talks with...
  • Friday's meeting, set to take place in Istanbul, will be the first since Israel's mid-June attack targeting key nuclear and military sites in the Iran sparked a 12-day war
  • The hostilities between Iran and Israel broke out just two days before Tehran and Washington were set to resume negotiations on Iran's nuclear programme

International Court of Justice court paves way for climate reparations

The court said climate change was an "urgent and existential threat" and countries had a legal duty to prevent harm...
  • Countries breaching their climate obligations were committing a "wrongful act", the court said in its advisory opinion, which is not legally binding.
  • Campaigners and countries on the climate frontlines hailed a milestone moment in the fight for accountability from big polluters most responsible for global warming.