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

Gaza hospital military ‘activity’ over, says Israel

Israeli forces, according to the Gaza health ministry, fired at "patient rooms" and arrested staff at the Kamal Adwan hospital...
  • The Israeli army said it had "completed its activity in the area of the Kamal Adwan hospital"
  • Hamas blamed Israeli troops for having carried out a "horrific massacre" inside the hospital

UAE leads humanitarian efforts in Gaza, seeks truce

"The Gulf country will continue its efforts to achieve peace through tangible steps and a roadmap for a two-state solution....
  • The UAE strongly condemns Israel’s collective punishment and displacement policies.
  • The country remains committed to Palestinian humanitarian aid and medical support.

Moroccan officials questioned in EU graft probe

BRUSSELS, BELGIUM - Several Moroccan officials have been questioned as part of a high-profile investigation into alleged bribery by the north...
  • The interviews in Morocco were conducted by local authorities in the presence of Belgian investigators.
  • The questionings were the first in the country since Brussels launched a sprawling graft probe in 2022.

UAE, Turkey explore ways to enhance bilateral relations

Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President...
  • UAE President Al Nahyan and Turkish president Erdogan also exchanged views on various regional and international issues of mutual interest.
  • The two leaders emphasized the importance of an immediate ceasefire in the Gaza Strip, ensuring the protection of civilians .

UK shoots down ‘suspected’ drone attack in Red Sea

London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps...
  • Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to shore up its presence in the region.
  • The deployment followed the outbreak of conflict between Israel and Hamas and the seizure of an Israeli-linked cargo vessel by Iranian-backed Yemeni Houthi rebels

Kuwait, world mourn passing of Emir Sheikh Nawaf; welcome Sheikh Meshal as successor amid challenges

The Gulf country sees a seamless transition of power as Sheikh Meshal ascends to emir following the death of Sheikh...
  • The Gulf country sees a seamless transition of power as Sheikh Meshal ascends to emir following the death of Sheikh Nawaf, amidst global condolences and internal challenges.
  • Public offices in Kuwait will close for three days, and a 40-day mourning period is declared following Sheikh Nawaf's death, who was hospitalized in November.

Kuwait emir Sheikh Al-Sabah dead at 86, says royal court

"With great sadness and sorrow, we mourn... the death of Sheikh Nawaf al-Ahmad Al-Sabah, Emir of the State of Kuwait,"...
  • "With great sadness and sorrow, we mourn... the death of Sheikh Nawaf al-Ahmad Al-Sabah, Emir of the State of Kuwait," said a statement
  • State television had cut its regular programming and switched to a broadcast of Quranic recital before the announcement.

NCSC seeks to regulate Jordan’s cybersecurity market

AMMAN, JORDAN - National Cyber Security Center (NCSC) seeks to regulate the Kingdom's cybersecurity market by outlining and endorsing the...
  • One of the NCSC's key measures focuses on issuing Cybersecurity Services Licensing System, its director said.
  • This would "effectively" contribute to strengthening and supporting Jordanian companies to enter the cybersecurity market.

Volunteers offer help to Arab-Israeli farmers amid Gaza war

Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...
  • Many people, lawyers or teachers, have joined hands to help Arab-Israeli farmers in the harvest as there is a shortage of labor force because of the war
  • Volunteers were picking cucumbers, placing seedlings on stakes, and were preparing for the strawberry harvest when the rains interrupted them

Iran executes man convicted of spying for Israel: judiciary

According to human rights groups, including Amnesty International, Iran executes more people per year than any other nation except China....
  • He was also found guilty of "collecting and providing classified information to the Mossad spy service with the aim of disrupting public order."
  • Iran has previously announced the arrests of alleged agents working for foreign countries, including Israel, its regional arch-foe

Iran says no access to bombed nuclear sites without IAEA deal

Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...

Company News

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Airlines suspend or reduce flights in Middle East after Iran strikes

British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...

Netanyahu says returning Gaza hostages will take ‘a bit more time’

Israeli Prime Minister Benjamin Netanyahu on Sunday insisted gains in the conflict against Iran would help with the country's war...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UN’s Syria envoy outraged by Damascus church attack

The United Nations special envoy for Syria denounced Sunday's attack on a church in Damascus that killed at least 20...
  • Syria's interior ministry said a member of the Islamic State jihadist group was behind the attack, in which dozens of people were wounded
  • UN envoy Geir Pedersen "condemns in the strongest possible terms the terrorist attack at St. Elias Church... which killed and injured civilians who were attending mass."

Massive US bunker-buster bombs make combat debut in Iran strikes

The US military says the GBU-57 -- also named Massive Ordnance Penetrator -- is designed to penetrate up to 200...
  • The 6.6-meter-long GBU-57 also has a specialized fuse as "you need an explosive that's not going to immediately explode under that much shock and pressure," Dahlgren said.
  • The only aircraft capable of deploying the GBU-57 is the B-2 Spirit, a stealth bomber.

Risk of wider conflict flare up as US claims strikes ‘devastated’ Iran’s nuclear program

Iranian Foreign Minister Abbas Araghchi told reporters in Istanbul the United States and Israel had "crossed a very big red...
  • People gathered in the center of Tehran to protest against US and Israeli attacks, waving flags and chanting slogans, state TV showed.
  • The European Union called on all sides "to step back," while stressing Iran must not be allowed to develop nuclear weapons.