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.

Ukraine scrambles for energy with power generation at ‘zero’

Kyiv, Ukraine -- Ukraine was scrambling to turn lights and heating back on Sunday after Russian attacks targeting energy infrastructure...
  • launched hundreds of drones at energy facilities across the country overnight into Saturday.
  • The attacks interrupted electricity, heat and water supplies in several cities, with state power firm Centerenergo warning generating capacity "is down to zero".

Tunisian opponents go on collective hunger strike to support jailed figure

Tunis, Tunisia - Prominent Tunisian opposition figures including Rached Ghannouchi said Friday they would go on hunger strike in solidarity...
  • Jawhar Ben Mbarek, co-founder of the National Salvation Front, Tunisia's main opposition alliance, launched a hunger strike last week to protest his detention since February 2023
  • In April, he was sentenced to 18 years behind bars on charges of "conspiracy against state security" and "belonging to a terrorist group" in a mass trial criticised by rights group

Turkey issues genocide arrest warrant against Netanyahu, senior officials in his govt

The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt"...
  • The Istanbul prosecutor's office said in a statement that a total of 37 suspects were targeted by the arrest warrants, without providing a full list
  • The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt" the charges

Chinese ship scouts deep-ocean floor in South Pacific

Beijing, China -- A Chinese research vessel docked in the Cook Islands Saturday as it probed the Pacific nation's deep-sea...
  • Huge areas of seabed around the Cook Islands are carpeted in polymetallic nodules, lumpy rocks studded with rare earths and critical minerals such as cobalt, nickel and manganese.
  • Fringed by sparkling lagoons, South Pacific nation the Cook Islands has opened its vast ocean territory for deep-sea mining exploration.

At COP30, nations target the jet set with luxury flight tax

Rooted in the idea that a small elite of premium flyers should pay more for their outsized contribution to global...
  • Diplomats from the coalition of more than 10 countries are pushing for more to come aboard.
  • Countries that do not yet have such a tax would commit to imposing levies on business and first-class tickets as well as private jets.

Kazakhstan to join Abraham Accords as Trump pushes Mideast peace

Washington, United States - Kazakhstan said Thursday it will join the Abraham Accords between Israel and mainly Muslim nations, in...
  • The central Asian republic has had diplomatic ties with Israel for decades, unlike the four Arab states that normalized relations with Israel under Abraham accords
  • But with Trump aiming to shore up his fragile Gaza ceasefire deal, Washington is pushing to get as much support as possible behind a wider peace initiative

Embracing heritage, Mamdani marks watershed for South Asian Americans

Washington, United States - In a victory speech capping his meteoric rise, New York's mayor-elect Zohran Mamdani quoted at length...
  • As he left the stage to a cheering cross-section of the metropolis, the song on the speaker was not one of the many well-worn tunes about New York but the beats from Bollywood
  • Mamdani, winning a mandate with a left-wing agenda focused on making New York more affordable, has made history as the first South Asian to lead America's largest city

Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal

They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...
  • At the start of the truce, Hamas held 48 hostages in Gaza -- 20 alive and 28 deceased.
  • Hamas have since released all the surviving captives, as well as 21 of the deceased's remains.

Long-shot socialist and Trump foe Mamdani becomes next New York mayor

The self-proclaimed socialist, who has been re-elected three times, forged an image that has become his trademark -- a progressive...
  • Since his surprise victory in the Democratic Party primary in June, New Yorkers have become used to seeing his bearded, smiling face on television
  • The 34-year-old election winner was born in Uganda to a family of Indian origin and has lived in the United States since he was seven, becoming a naturalized US citizen in 2018

NATO tests war preparedness on eastern flank facing Russia

On the Mures river in central Romania, French armoured vehicles and Romanian trucks board a motorised floating bridge, part of...
  • The drill -- planned for months and seen as an "integration exercise" for NATO members -- comes after Washington last week said it would pull some troops out from the area
  • Romania, which shares some 650 kilometres (400 miles) of border with Ukraine, has gained in strategic importance since Russia invaded its neighbour in 2022

US launches ninth wave of strikes on Iran after death of another soldier

Iran's Revolutionary Guards said they had struck several U.S. military targets in Kuwait, including what they described as an early-warning...

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US strikes Iranian military sites after Apache helicopter downing

The latest confrontation around the Strait of Hormuz threatens regional shipping security and comes despite renewed diplomatic efforts to stabilize...

Israel and Iran signal restraint after renewed military clashes

Both countries, however, warned that they were ready to launch retaliatory attacks if provoked. The renewed hostilities raised concerns that...

Fresh Israel-Iran attacks overshadow ceasefire efforts across the region

Air raid alerts sounded across Israel, explosions were reported over Jerusalem, and Iranian state media reported blasts in Tehran, Tabriz...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Fresh Israel-Iran attacks overshadow ceasefire efforts across the region

Air raid alerts sounded across Israel, explosions were reported over Jerusalem, and Iranian state media reported blasts in Tehran, Tabriz...
  • The escalation comes amid continued fighting in Lebanon, deadlocked US-Iran diplomacy and growing warnings over the conflict's economic fallout.
  • Israeli strikes in southern Lebanon this week killed at least 12 people, including Lebanese army Brigadier General Wassam Sabra.

US expands Iran sanctions as pressure campaign intensifies

The U.S. Treasury said the sanctions cover 12 entities, including companies based in the Marshall Islands, the United Arab Emirates...
  • Washington also sanctioned an Iranian exchange house and associated individuals accused of facilitating billions of dollars in transactions.
  • Lebanese President Joseph Aoun, meanwhile, accused Iran of using Lebanon as a bargaining chip in negotiations with the United States.

Hezbollah dismisses US-brokered truce, insists on comprehensive ceasefire

The Arab League, meanwhile, warned that Israeli occupation policies and military actions across Palestinian, Lebanese and Syrian territories undermine peace...
  • Lebanese and Israeli envoys agreed in Washington to pilot zones under exclusive Lebanese army control despite Hezbollah opposition.
  • Arab League linked regional stability to ending occupation, urging international pressure against settlement expansion and military operations.