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.

OpenAI says a million ChatGPT users talk about suicide

San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...
  • estimated that approximately 0.15 percent of users have "conversations that include explicit indicators of potential suicidal planning or intent."
  • With OpenAI reporting more than 800 million people use ChatGPT every week, this translates to about 1.2 million people.

Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula

Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...
  • The Democrats -- shut out of power in the White House and both chambers of Congress -- are seen negatively by 63 percent of US voters, according to a July poll in the Wall Street
  • John Kane, a professor of political science at New York University, said the party needs to reconnect with parts of their traditional base, such as lower-income Americans and young

Erdogan hails Eurofighter jets deal as ‘new symbol’ of strategic ties with Britain 

"We regard this step as a new symbol of the strategic relations between our two close allies," he said after...
  • "We regard this step as a new symbol of the strategic relations between our two close allies," he said after signing the agreement with visiting British Prime Minister Keir Starmer
  • Turkey has been looking to modernise its air force and has been pushing to acquire 40 European-made fighter jet, which are jointly produced by Britain, Germany, Italy and Spain

Israel insists it calls shots in Gaza despite signing up to a US-brokered ceasefire

Under the terms of a US-brokered ceasefire, as Israeli forces withdraw after the end of two years of brutal fighting...
  • Prime Minister Benjamin Netanyahu said Israel would decide for itself where and when to strike its foes and which countries would be allowed to send troops to police the trucehe
  • "Israel is an independent state. We will defend ourselves by our own means and we will continue to determine our fate," Netanyahu said. "We do not seek anyone's approval for this."

Long-shot socialist Mamdani in touching distance of becoming NY mayor

New York, United States - An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...
  • 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 frontrunner was born in Uganda to a family of Indian origin and has lived in the United States since he was 7, becoming a naturalized US citizen in 2018

China hails coming of ‘multipolar world’ ahead of key Trump-Xi talks to avert trade war

Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war...
  • Global markets are watching closely to see if Thursday's planned meeting between the two presidents can halt a trade war sparked by the sweeping tariffs announced by Trump
  • Speaking at a forum in Beijing on Monday, Wang Yi urged "an end to politicising economic and trade issues, artificially fragmenting global markets, and resorting to trade wars

Trump starts key Asian tour with deals ahead of China meet

Trump rewarded Cambodia and Thailand with trade deals after co-signing their ceasefire pact, and saying he was confident of a...
  • Trump met Qatar's leaders -- among the guarantors of the Gaza ceasefire deal he spearheaded -- during a refueling stop.
  • As he left Washington, Trump added to speculation that he could meet North Korean leader Kim Jong Un for the first time since 2019 while on the Korean peninsula.

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...
  • "We are more than doubling the barrels... to 1.4 million from 650,000," said Aliko Dangote, a Nigerian businessman who is Africa's richest person.
  • The Dangote refinery has sparked monopoly fears as it becomes a powerful player itself.

US treasury secretary signals deal to ease trade war with China

Washington, United States -- US Treasury Secretary Scott Bessent on Sunday signaled a tentative deal with China to de-escalate their...
  • Scott Bessent said the US threat of a 100% tariff hike on Chinese goods had effectively been taken off the table in exchange for Beijing deferring curbs on its rare earth exports.
  • The secretary's remarks came as Trump kicked off an Asia tour in Kuala Lumpur that will culminate in a sitdown with Xi in South Korea.

TotalEnergies approves restart of $20-bn Mozambique gas project

Paris, France -- France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in...
  • The Mozambique LNG project, the largest private investment in Africa's energy infrastructure, is expected to generate thousands of jobs.
  • Work was frozen after militants launched a deadly attack on the site of the project near the Tanzanian border in March 2021, resulting in around 800 deaths.

Iran says it has suspended commitments to MoU as it is ‘busy defending the country’

US struck Iran for the seventh consecutive night, prompting Tehran to launch attacks on the neighboring Gulf nations. GCC has...

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Trump signs order allowing US Govt access to AI models before public release

The measure establishes a new cybersecurity clearinghouse involving federal agencies and industry partners, reflecting growing concerns about advanced AI systems'...

Oil climbs and equities diverge as progress on Middle East peace remains elusive

Iran's Revolutionary Guards Corps, meanwhile, said it had launched missile and drone attacks against the headquarters of the U.S. Fifth...

Israeli attacks on Lebanon continue amid new round of talks in US

The meeting in Washington follows U.S. President Donald Trump's announcement that he had received commitments from both sides aimed at...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US, Iran trade blame as Israel-Lebanon tensions escalate

Iran said it fired on a U.S. military base in the region, while the United States reported strikes on Iran’s...
  • Lebanese and Israeli military delegations were due to meet at the Pentagon for security talks.
  • Beirut is expected to demand that Israel halt its attacks, which have intensified in recent days despite a ceasefire with Hezbollah.

Inside the UAE’s integrated approach to food security

Professor Tareq Osaili, Vice Dean, College of Health Sciences, Clinical Nutrition and Dietetics at the University of Sharjah, says the...
  • UAE investments in logistics, food manufacturing, and global partnerships strengthened resilience against post-pandemic supply chain disruptions worldwide.
  • Stable ingredients with longer shelf life help reduce food waste across households, restaurants, and large-scale food service operations.

US strikes southern Iran as Tehran officials head to Qatar for crucial talks

United States forces said they have attacked missile launch sites and mine-laying vessels in southern Iran, in what a US...
  • A senior spokesperson for Iran’s Armed Forces, Abolfazl Shekarchi, warned that fresh aggression against Iran would trigger a “much harsher” response, extending beyond the region
  • According to Iran’s Fars news agency, Shekarchi said that if another war breaks out, Iran’s retaliation would go beyond regional boundaries and be more intense