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

Israel troops kill 3 hostages mistaking them for ‘threat’

The Israeli army said that it had mistakenly identified three Israeli hostages as a threat, and fired, killing three of...
  • The army identified the hostages as Yotam Haim and Alon Shamriz and Samer El-Talalqa
  • Its spokesman said the military "bears responsibility for everything that happened"

Lebanon parliament extends army chief’s job, avoiding vacuum

Around 80,000 Lebanese serve in the army, which is seen as a key pillar of the country's stability. The force...
  • Parliament approved delaying the retirement of senior officers at the head of the military and security services for one year, Lebanon's official National News Agency said
  • Lebanon has been without a president for more than a year and its government is operating in a caretaker capacity as political deadlock paralyses decision-making

Israeli attack killed journalist in Gaza: Al Jazeera

The Qatari network had first reported that cameraman Samer Abu Daqqa and Gaza bureau chief Wael Al-Dahdouh were wounded in...
  • The network said that following Samer's injury, he was left to bleed to death for over 5 hours
  • Al Jazeera held "Israel accountable for systematically targeting and killing Al Jazeera journalists"

IEA boss says COP28 bid farewell to fossil fuels

PARIS, FRANCE - While the UN's COP28 climate summit marked a pivot moment, when the world pledged to say "goodbye" to...
  • It gave an unmistakable signal to investors that if you continue to invest in fossil fuels you may well have serious business risks
  • It gives a signal to the investors for clean energy that they may be more profitable than many people now believe they are.

Storm-1152: Vietnam-based creator of fake Microsoft accounts

Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...
  • Storm-1152 is "the number one seller and creator of fraudulent Microsoft accounts", creating around 750 million to date, the company said Wednesday
  • Storm-1152 pursued a model called "cybercrime-as-a-service" or CaaS, acting as a provider to other criminal groups, Microsoft and Arkose said

France steps up Middle East effort with foreign minister’s Lebanon visit

There have been near-daily cross-border exchanges between Hezbollah, an Iran-backed Hamas ally in Lebanon, and Israel since the Palestinian group's...
  • Along the Israel-Lebanon border violence has remained relatively limited, with 128 killed in total, including 90 Hezbollah combatants and at least 11 Israelis.
  • Israel's current objective is that Hezbollah forces move back from the border by 40 kilometers (25 miles), a Western diplomatic source in Beirut said.

Sullivan calls for Gaza transition, rejects long-term Israeli occupation

The US has suggested the internationally-recognized PA could play a role in governing Gaza after the war, though the Ramallah-based...
  • "We do not believe that it makes sense for Israel, or is right for Israel, to occupy Gaza, reoccupy Gaza over the long term," Sullivan told journalists in Tel Aviv
  • "Ultimately the control of Gaza, the administration of Gaza and the security of Gaza has to transition to the Palestinians," he added

Multiple rockets intercepted over central Jerusalem: AFP

Jerusalem, Undefined -- Multiple rockets were intercepted over central Jerusalem on Friday, AFP journalists reported. Staff saw two explosions and heard...
  • Hamas's armed wing, the Ezzedine al-Qassam Brigades, said it had fired rockets towards Jerusalem "as a response to the Zionist massacres of civilians".
  • Paramedics rushed to the scene after the alarm was raised in Jerusalem and nearby Beit Shemesh, the Magen David Adom emergency medical services said.

Gaza ‘integral part’ of Palestinian state: Abbas tells US official

The talks with US National Security Advisor Jake Sullivan came as Israel pressed its offensive in Gaza despite mounting international...
  • Abbas "emphasized the urgent need to halt the ongoing Israeli aggression, particularly the genocide being carried out these days upon the Palestinian people in Gaza".
  • Sullivan's visit to the region has also included meetings in Israel with Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant.

Erdogan says US has ‘historic responsibility’ to ensure Gaza ceasefire

Erdogan has been one of the Muslim world's most vocal critics of Israel's military tactics in Gaza. He has referred...
  • Turkish leader spoke on the telephone with US President in their first talks since October 7, when an unprecedented attack on Israel by Hamas sparked the war
  • During the telephone call, Erdogan said that "the United States has a historic responsibility to ensure a permanent ceasefire in the region as soon as possible"

Qatar fears collapse of Israel-Hamas ceasefire after new Gaza strikes leave five Palestinians dead

The new strikes came the morning after one of the deadliest days in the Gaza Strip since the truce began...

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Iran threatens US bases in response to strikes on nuclear sites

Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi says ‘no radioactive effects’ detected, more US embassy staff leaves Iraq

"No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of...
  • Kuwait's National Guard also posted on X that "radiation levels in Kuwait's airspace and waters are stable and the situation is normal".
  • More personnel from the United States diplomatic mission departed Iraq over the weekend as part of ongoing efforts to reduce embassy staffing due to "regional tensions".

US attacks three key Iranian nuclear facilities, mega bombs likely used in strikes

Trump called on Iran to "agree to end this war," saying that "now is the time for peace." But it...
  • Trump said the United States struck three main Iranian nuclear sites: Fordo, Natanz and Isfahan, with the former being hit with a "full payload of bombs."
  • Natanz was Iran's main uranium enrichment site, with nearly 70 cascades of centrifuges at its two enrichment plants, while a uranium conversion facility.

Iran-Israel war must not become refugee crisis: United Nations

UNHCR, the UN's refugee agency, said the intensity of the attacks between the two sides was already triggering population movements...
  • Strikes in Israel had caused people to seek shelter elsewhere in the country and in some cases abroad.
  • Iran hosts the largest number of refugees in the world -- around 3.5 million -- most of them from Afghanistan.