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.

Tunisian activists urge closure of factory units after poisonings

Tunis, Tunisia -- Activists in Tunisia on Sunday called for the closure of facilities at a chemical factory in Gabes,...
  • The emissions from the state-run fertilizer factory have caused dozens of poisoning cases, primarily affecting local children, sparking local protests.
  • Tunisian President Kais Saied said on Saturday he had dispatched an emergency team from the energy and environment ministries to monitor the situation closely.

Qantas: stolen data from 5.7 million customers leaked online

Sydney, Australia -- Australian airline Qantas said Sunday that data from 5.7 million customers stolen in a major cyberattack in...
  • Qantas said in July that hackers had targeted one of its customer contact centers, breaching a computer system used by a third party.
  • They secured access to sensitive information such as customer names, email addresses, phone numbers and birthdays, the blue-chip Australian company said.

Hamas says Israeli hostages to be freed before Trump peace summit

As part of the deal's first phase, Hama will free the captives, 20 of whom Israel believes are still alive,...
  • Trump and Egyptian President Abdel Fattah al-Sisi will then chair a summit of more than 20 countries in the Red Sea resort of Sharm el-Sheikh on Monday afternoon.
  • The meeting will aim "to end the war in the Gaza Strip, enhance efforts to achieve peace and stability in the Middle East, and usher in a new era of regional security and stability

Morocco’s GenZ 212 says suspending protests temporarily

The weekend pause was "a strategic step to strengthen organisation and coordination, so the next phase of the movement is...
  • GenZ 212 said its demands were unchanged, citing "accountability for the corrupt" and government responsibility for worsening social and economic conditions
  • Formed in late September, GenZ 212 has built a large online following, with more than 200,000 members on the Discord platform

Relief and scepticism at London Pro-Palestinian protest

Tens of thousands of pro-Palestinian protesters marched in London on Saturday, expressing scepticism and cautious hope as a ceasefire between...
  • A sea or red and green, the colours of the Palestinian flag, formed along the embankment of the River Thames in central London, where the largely peaceful march began
  • Protesters donned black-and-white keffiyeh scarves, carrying signs of "Stop Starving Gaza" and "Stop the genocide" and chanting "Free Palestine."

Major win for Trump on Gaza, but will it stand test of time?

Washington, United States - US President Donald Trump has undeniably scored a diplomatic victory by helping to broker a truce...
  • The Israeli army said its troops had ceased fire at 0900 GMT Friday in the Gaza Strip, in anticipation of the release of all Israeli hostages, dead and alive, in the 72 hours
  • Observers agree that Trump deftly used a mix of carrot and stick -- publicly and privately, and especially with Israeli Prime Minister Benjamin Netanyahu -- to get the deal done

US announces deal for Qatar air force facility in Idaho housing F-15 fighter jets, pilots

The announcement comes soon after President Donald Trump signed an executive order vowing to defend the Gulf Arab state against...
  • The announcement comes soon after President Donald Trump signed an executive order vowing to defend the Gulf Arab state against attacks
  • Hegseth also thanked Qatar for its "substantial role" as a mediator in the talks that led to a truce and hostage-prisoner swap deal between Israel and Hamas

Lebanon, Syria seek reset on ties as FM visits Beirut

Lebanon and Syria on Friday committed to turning a new page on ties as Damascus's foreign minister visited Beirut, with...
  • The family of Bashar al-Assad, ousted in December, exercised control over Lebanese affairs for decades and was accused of assassinating numerous officials in Lebanon
  • "Today we have opened a bright new page in relations between Syria and Lebanon," said Foreign Minister Asaad al-Shaibani, the first senior Syrian official to visit Lebanon

Israel declares ceasefire, begins troops pullback and Gazans start returning home

After two years of brutal war, the families of Israel's remaining hostages in the territory were also hoping the truce...
  • The US Pentagon confirmed Israel had completed the first phase of a pullback laid out in Trump's peace plan.
  • The withdrawal set the clock running on a 72-hour deadline for Hamas to release the remaining hostages held in Gaza.

Nobel Peace Prize winner Machado dedicates award to Trump

Caracas, Venezuela -- Venezuelan opposition leader Maria Corina Machado dedicated her Nobel Peace Prize on Friday to the people of...
  • Machado has been in hiding in Venezuela for the past year since elections that authoritarian leftist President Nicolas Maduro is accused of stealing.
  • Machado, who was barred  from contesting the election, campaigned instead for her stand-in, ex-diplomat Edmundo Gonzalez Urrutia.

Dubai utility DEWA says solar park to exceed 8 GW capacity by 2030

Dubai, UAE -- Dubai's state utility DEWA said its flagship Mohammed bin Rashid Al Maktoum Solar Park will exceed 8,000...

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Emirates restores 96 percent global network after disruption

The airline said it now operates to 137 destinations across 72 countries, with more than 1,300 weekly flights, representing about...

Renewed fighting likely, Washington couldn’t be trusted: Iran commander

Mohammad Jafar Asadi's remarks came after Trump's assertion that he was dissatisfied with Iran’s latest offer, delivered through Pakistani mediators....

Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’

US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers

The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
  • Testifying before the House Armed Services Committee, Hegseth sharply criticised lawmakers from both parties who questioned the conflict
  • “The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans.”

Gas prices surge as Iran tensions roil energy markets

The Wall Street Journal reported that U.S. officials said President Donald Trump had instructed aides to prepare for a sustained...
  • European gas prices surged over 5% as fears mounted over prolonged disruption to Iranian exports and shipping.
  • TotalEnergies delayed restarting Middle East output, while Europe moved to shield industries from spiralling energy costs.

UAE quits OPEC, reshaping global oil politics

The decision marks one of the most significant ruptures in the producer group's recent history. Long viewed as one of...
  • UAE Energy Minister Suhail al-Mazrouei said the decision followed a careful review of current and future energy policies.
  • For years, the UAE has invested heavily in expanding its oil production capacity, seeking to raise output to around 5 million barrels per day by 2027.