INSEAD Day 4 - 728x90

Geostrategy

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

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...
  • Mohammed bin Rashid Al Maktoum Solar Park will exceed 8,000 megawatts (MW) of generation capacity by 2030.
  • The utility said it ranks first globally in 13 operational performance indicators, including electricity transmission and distribution losses of 2 percent.

US launches fresh strikes on Iran as Tehran expands attacks on Gulf bases

The latest operation followed approximately 140 US strikes carried out the previous day after Iran attacked a commercial ship in...
  • Iranian state media reported US strikes on the southern Gulf islands and said one person was killed and four others wounded in Khuzestan province.
  • Iran also reported drone strikes on sites in Oman, while Kuwait said border posts and an offshore oil platform had come under attack.

Sheikh Hamad bin Khalifa Al Thani, who put Qatar on world map, passes away

His death at the age of 74 closed a defining chapter in the country's modern history. During his 18-year reign...
  • His voluntary 2013 abdication to Emir Sheikh Tamim marked an unprecedented peaceful generational transition in modern Gulf monarchies.
  • In 1996, he authorised the launch of Al Jazeera, the satellite television network that revolutionised Arabic-language news and reshaped media across the region.

Iran launches drone, missile attacks on Gulf nations after US strikes

The latest round of fighting erupted after Iran's IRGC attacked a Cyprus-flagged container ship it said was transiting via an...
  • UAE's ministry of defence said the country's air defence was engaging Iranian drones and missiles.
  • Qatar and Bahrain asked its citizens to remain calm and move to safer places.

Tehran says it ‘kept its word’ as Trump threatens to ‘decimate’ Iran if targeted

Foreign minister Abbas Araghchi says compliance with the US-Iran memorandum of understanding must be mutual. Tehran denies seeking new talks...
  • US reportedly gives Tehran a deadline to stop attacks on shipping in the Strait of Hormuz.
  • Trump says '1,000 missiles are locked and loaded and aimed at Iran' with 'thousands more ready to follow'.

Khamenei laid to rest in Mashhad as clashes persist, Hormuz traffic recovers

Khamenei's flag-draped coffin was carried into the Imam Reza shrine in his hometown of Mashhad, where state television said he...
  • Japan says 22 linked vessels exited the Gulf since Tuesday as LNG tankers increasingly resumed Strait of Hormuz transits.
  • Diesel export curbs in Russia and limited refining capacity continue supporting fuel prices despite easing crude market volatility.

US strikes Iran during Khamenei funeral despite promised pause

Attacks hit southern Iran as funeral rites for the slain supreme leader continued in Iraq, prompting Tehran to accuse Washington...
  • US military said strikes hit more than 80 targets after accusing Iran of attacking three commercial vessels in the Strait of Hormuz.
  • Iran vowed a crushing response, saying the attacks violated the memorandum and warning only its designated Hormuz shipping route remained safe.

Missile attack sets tanker ablaze off Oman as US blames Iran

The latest incident follows weeks of escalating tensions over a US-backed maritime corridor through Omani territorial waters, a route Iran...
  • In Lebanon, President Joseph Aoun said he expects to visit the White House before the end of July for talks with US President Donald Trump.
  • Separate reports said more than 600,000 Lebanese remain unable to return to their homes because of continuing Israeli military operations.

Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages

Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...
  • The procession had begun from Tehran's Grand Mosalla mosque, where Khamenei's body had lain in state for two days.
  • Ayatollah Ali Khamenei was killed on February 28 in US-Israeli air strikes that launched the conflict between Iran and Israel.

OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers

The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
  • Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
  • Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.

Houthis resume Red Sea attacks as Trump says US relying on economic pressure

Trump said Iran is in “very bad shape” financially, citing high inflation and difficulty paying its own troops. He credited...

Latest News

UAE’s Wadi Wurayah inscribed on UNESCO World Heritage List

The reserve is the country's third World Heritage Site and the first recognized specifically for its outstanding natural value.

UN pauses air strikes on Iran amid reports of concerns over Patriot shortage

Iranian foreign ministry, meanwhile, says progress has been made in the talks held over the weekend between Tehran and Oman...

Houthis claim Saudi missile attack as Trump says ‘talking to Iran’

The Houthis said on Telegram that a "Yemeni missile strike" had sparked fires in Jizan. Saudi authorities did not immediately...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US strikes Iran again as Trump says he is considering restarting major operations

Trump also said the United States would begin using frozen Iranian funds under US control to pay for damage to...
  • International Maritime Organization Secretary-General Arsenio Dominguez condemned the latest reported attacks on international shipping in the Red Sea.
  • The U.S. Senate voted 49-47 against advancing a Democratic-led resolution seeking to halt the Iran war unless Congress authorised continued military action.

Houthis strike Saudi oil tankers as Iran stops passage of three ships in Hormuz

The latest attack comes after US President Donald Trump warned that Washington would strike Iran's civilian infrastructure, including bridges and...
  • The Houthis, who are aligned with Iran, announced a naval blockade on Saudi Arabia on Monday, prompting the Saudi-led coalition to warn it would respond firmly.
  • The move has raised concerns over potential disruption to global energy supplies beyond the Gulf.

US launches eleventh consecutive night of Iran strikes as diplomacy stalls

U.S. Secretary of State Marco Rubio said Washington remained willing to engage with Tehran if it demonstrated a genuine commitment...
  • Trump administration reportedly plans to submit to Congress in the coming days a nuclear cooperation agreement with Saudi Arabia.
  • The agreement, known as a "123 Agreement", was signed by U.S. Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman.