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

Israeli army strikes renders Gaza’s Al-Ahli hospital non functional

TEL AVIV, ISRAEL - One of the last remaining hospitals in the northern Gaza Strip stopped operating on Tuesday after...
  • An official told AFP Israeli troops attacked the Al-Ahli hospital and arrested doctors, medical staff and patients, destroying part of the building's grounds
  • At least four people who were wounded by Israeli fire on Monday died on Tuesday after being injured in the Al-Ahli assault, he said

UNICEF terms Gaza world’s ‘most dangerous place’ for children

Geneva, Switzerland - Gaza is "the most dangerous place in the world" for a child, the UN children's agency spokesperson said...
  • "I'm furious that those with power shrug at the humanitarian nightmares unleashed on a million children," UNICEF spokesperson James Elder said
  • He spoke of children having undergone amputations and who were then "killed in those hospitals" as the Israeli army bombardment of the Gaza Strip continues

Hyundai to sell Russian plant

Sales of Hyundai cars have tumbled in Russia.
  • The war in Ukraine has sparked an exodus of foreign companies from Russia, including many major car manufacturers.
  • Sanctions by the European Union, the United States and others have made it increasingly difficult to do business with Russia.

UNSC stumbles for common ground on Gaza, delaying ceasefire vote

Israel -- backed by its ally Washington, a veto-wielding permanent Security Council member -- has opposed the term "cease-fire." This...
  • The current struggle comes after an impasse earlier this month, when the US, despite unprecedented pressure from UN chief Antonio Guterres, blocked the adoption of UNSC resolution.
  • Last week, the General Assembly adopted the same nonbinding resolution by 153 votes to 10, with 23 abstentions, out of 193 member states.

French government battles to save flagship immigration bill

Paris, France - The French government of President Emmanuel Macron on Tuesday was battling to salvage a flagship immigration reform following...
  • The government regards the legislation -- which generally tightens immigration rules -- as crucial to seizing the initiative on the issue from the far-right
  • The chief obstacle is that the right wants to make social security benefits for foreigners conditional on five years of presence in France or 30 months for those who work

First commercial trucks enter Gaza since war: US

State Department spokesman Matthew Miller said that the first private trucks entered Saturday and more came through on Monday. Miller,...
  • The commercial trucks came through the Rafah crossing between Gaza, which is controlled by Hamas, and Egypt
  • State Department spokesman Miller said that the arrival of commercial trucks was the "result of intensive diplomacy" by US officials

Israel air force denies indiscriminate bombing in Gaza offensive

A report by Washington's Director of National Intelligence, quoted by US media, said that nearly half of munitions dropped by...
  • The Israeli offensive, aimed at destroying Hamas, has killed at least 19,453 people in Gaza, also mostly civilians, according to the Hamas-ruled territory's health ministry
  • US President Joe Biden has warned Israel was at risk of losing international support due to its "indiscriminate" bombing of the Palestinian territory

Hamas talks down discovery of Gaza tunnel by Israel

Dubai, UAE--A Hamas official on Monday said one of the group's tunnels revealed by the Israeli army in Gaza had...
  • Israel army claimed to have uncovered the biggest Hamas tunnel on Sunday in Gaza, near the Erez crossing between the Palestinian territory and Israel
  • A senior Hamas official speaking in Beirut said that owing to the tunnel the mission that Hamas set out to achieve has been "carried out successfully"

At least 118 dead in northwest China earthquake

US Geological Survey said Monday night's magnitude-5.9 quake struck at a shallow depth with an epicenter around 100 kilometers from...
  • Officials said the shallow tremor had caused the deaths of at least 105 in Gansu province
  • A further 13 died, 182 were injured and 20 were missing in the city of Haidong

US forms coalition to combat Houthi attacks in Red Sea

US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...
  • Austin said the security coalition will ensure freedom of navigation for all countries
  • Houthi attacks have forced insurance companies to increase premiums on ships

Hezbollah mourns top commander killed in Israel strike, Iran Guards urge revenge

Haytham Ali Tabatabai is the most senior commander from the Iran-backed group to be killed by Israel since a November...

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What does NATO’s 5% spending deal really mean?

The Hague, Netherlands - NATO leaders are set to sign off Wednesday at their Hague summit on a defence spending...

China calls CIA videos ‘absurd’ attempt to recruit spies for America

China's Ministry of State Security (MSS) said the placement of what amounted to job advertisements on social media platform X...

US intel says Iran nuclear sites not destroyed, only set back by a few months

Trump rejected that claim on Tuesday, posting on his Truth Social account that “the nuclear sites in Iran are completely...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Oil slides, stocks rise as Iran-Israel ceasefire holds

The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
  • Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.
  • There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.

Iran says not seeking nuclear weapons but will assert ‘legitimate rights’

As a fragile ceasefire with Israel took hold after 12 days of fighting that also included US strikes, Pezeshkian told...
  • The war between the longtime regional foes saw Israel strike Iranian nuclear facilities and killed nuclear scientists and the country's top military brass.
  • On Sunday, Israel's ally the United States launched unprecedented strikes of its own on Iranian nuclear facilities at Fordo, Isfahan and Natanz.

Pro-Palestinian protest leader details 104 days spent in US custody

Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...
  • Khalil, a legal permanent resident in the United States who is married to an American citizen and has a US-born son, had been in custody since March facing removal proceedings
  • "I shared a dorm with over 70 men, absolutely no privacy, lights on all the time," the 30-year-old said Sunday on the steps of Columbia University, where he was a graduate student