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

Biden, Netanyahu, Hamas positive on possible extension of truce in Gaza

The pause that began Friday has seen dozens of hostages freed, with over 100 Palestinian civilians released by Israel in...
  • Netanyahu said that he had discussed the release of another group of hostages from the Gaza Strip with the US President
  • Hamas also said it was willing to extend the pause after it freed more hostages, including a four-year-old orphaned by its attack

Crew of Israel-linked tanker seized off Yemen ‘safe’: US official

A US defence official told a media outlet that an unknown number of "unidentified armed individuals" seized the M/V Central...
  • A US defense official said US and coalition forces responded to the emergency aboard the tanker
  • The Houthis have launched a series of drone and missile strikes targeting Israel since the October 7 attack

Global food-security crisis nudges GCC to look inward

Billions of dollars are being invested into ventures to grow food in the GCC to make the arid, hot region...
  • The region is pouring investments into food manufacturing projects, such as dairy products, meat, poultry, fish, fruits, vegetables, and processed foods
  • The GCC governments have devised measures to support local farmers, with much of the focus on local farms and investments in farms outside the Middle East

Hamas frees more captives in Gaza as truce extension mooted

Hamas released a third group of hostages including a four-year-old American girl with more Palestinian prisoners set to be freed...
  • The exchanges under a four-day ceasefire that started Friday have been the first relief for captives' families.
  • United States President Joe Biden announced that the 13 released included a four-year old American girl..

56% Saudi consumers willing to pay premium for green transportation

Riyadh, Saudi Arabia -- An overwhelming 80 percent of consumers across 16 diverse nations now identify climate change as the...
  • An overwhelming 80 percent of consumers across 16 diverse nations now identify climate change as the foremost global challenge.
  • 60 percent of respondents in Saudi Arabia conveyed their readiness to accept a lower salary if it meant working for an organization committed to reducing its carbon footprint.

Hamas fighters to free more hostages as families reunite

A third group of Israeli hostages will be set free by Hamas fighters in exchange for Palestinian prisoners, a day...
  • Hamas has released 26 Israeli hostages in exchange for 78 Palestinian prisoners
  • It will free a total of 50 hostages during the truce in exchange for 150 Palestinians

Israeli army kills 6 people in West Bank: Palestinian ministry

The West Bank has seen an uptick in violence since the October 7 cross-border attack on Israel by Hamas last...
  • A 25-year-old doctor was killed early in the morning outside his home in Qabatiya, a stronghold of Palestinian armed groups
  • Four people were also killed by Israeli army fire in Jenin, during an incursion by a large number of armored vehicles into the town

UN delivers fresh supply of aid in northern Gaza

Eleven ambulances, three coaches and a flatbed were delivered to Al-Shifa hospital, which had seen heavy fighting in recent days,...
  • The UN said that another 200 trucks had been dispatched to the Gaza Strip from Nitzana, Israel
  • It said that the longer the pause lasts, the more aid humanitarian agencies will be able to send into Gaza

UN peacekeeping patrol in Lebanon hit by Israeli fire

A four-day truce between Israel and Hamas began on Friday, and a source close to Hizbollah told AFP that the...
  • The UN Interim Force in Lebanon said in a statement that a UNIFIL patrol was hit by IDF (Israeli army) gunfire" in the vicinity of Aitarun
  • It added that no peacekeepers were injured, "but the vehicle was damaged," and that "this incident occurred during a period of relative calm"

Thousands march in Canada for Gaza ceasefire

Carrying placards and waving Palestinian flags, thousands of protestors chanted slogans before Canada's Parliament in Ottawa, demanding a permanent ceasefire...
  • The march came after an online petition presented to lawmakers with 286,719 signatures
  • A temporary truce was largely being respected as Israel and Hamas exchanged prisoners

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...

Company News

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Nuclear states spent $100 billion on atomic arsenals in 2024, say ICAN

ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion...

US still wants talks with Iran on Sunday: US official

Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a...

MENA brief Jun 13: Prince Salman to skip G7 meet, OpenAI in funds talks with PIF

In the financial sector, Fitch Ratings has projected a notable uptick in mergers and acquisitions within Saudi Arabia’s insurance industry....
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel strikes Iran’s nuclear sites, kills top generals; Tehran, Iraq shut airspace, casualties reported

Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and...
  • Israel's operation struck at the "heart of Iran's nuclear enrichment programme", taking aim at the atomic facility in Natanz and nuclear scientists
  • Iranian state media said residential buildings in Tehran were also hit, killing a number of civilians including women and children

Flames and smoke in aftermath of crashed India passenger jet

While officials initially said everyone aboard was feared dead, state health official Dhananjay Dwivedi told AFP later that one passenger...
  • Air India's flight 171 -- a Boeing 787-8 Dreamliner bound for London's Gatwick Airport -- crashed shortly after takeoff around 0810 GMT.
  • The passengers included 169 Indian nationals, 53 British, seven Portuguese, and a Canadian. Two pilots and 10 cabin crew were also aboard.

UN to vote on calling for unconditional Gaza ceasefire

Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...