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.

Israel plans to ‘take control’ of Gaza City, sparking wave of criticism

European Council chief Antonio Costa warned "such a decision must have consequences" for EU-Israel ties, while Germany said it was...
  • China, Turkey, Britain and the UN's rights chief as well as numerous Arab governments issuing statements of concern.
  • Israeli opposition leader Yair Lapid denounced the cabinet's move as "a disaster" that could result in "the death of the hostages.

Netanyahu’s Gaza plan: Hamas accuses Israel PM of sacrificing hostages for personal interest

"Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice...
  • "Netanyahu's plans to escalate the aggression confirm beyond any doubt his desire to get rid of the captives and sacrifice them in pursuit of his personal interests. Hamas said
  • The statement was issued as Netanyahu was convening his security cabinet to vote on an expansion of the military campaign in Gaza

Trump to host Armenia, Azerbaijan for historic ‘Peace Signing’ Friday

US President Donald Trump announced he will host the leaders of Armenia and Azerbaijan on Friday for what he called...
  • Armenian Prime Minister Nikol Pashinyan and President Ilham Aliyev of Azerbaijan "will join me at the White House for an official Peace Signing Ceremony," Trump said Thursday
  • Baku and Yerevan, sworn enemies for decades, went to war twice over the disputed Karabakh region, which Azerbaijan recaptured from Armenian forces in a lightning 2023 offensive

A day after Hezbollah’s rebuff, Lebanon cabinet meets again on the group’s disarmament

With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut...
  • With Washington pressing Lebanon to take action on the matter, US envoy Tom Barrack has made several visits to Beirut in recent weeks
  • Prime Minister Nawaf Salam said Tuesday that the government had tasked the military with developing a plan to restrict arms to state forces by the end of 2025.

Turkey, Senegal discuss defence industry, security cooperation

Turkey's President Recep Tayyip Erdogan said he discussed defence and security cooperation with Senegal's visiting prime minister Ousmane Sonko on...
  • "Today we discussed joint steps that we can take in the areas of security, the defence industry and the fight against terrorism," Erdogan told a televised press conference
  • "We are pleased with the growing interest of our African brothers in Turkish defence products. We look forward to further strengthening our solidarity," he said.

Israel seeks full control of Gaza, won’t keep or govern it: Netanyahu

"We want to hand it over to Arab forces that will govern it properly without threatening us and giving Gazans...
  • Fox News said the interview occurred just before Netanyahu was to attend a security cabinet meeting on Gaza war plans.
  • Netanyahu is expected to seek approval at the meeting for an expansion of military operations, including in densely populated areas where hostages are believed to be held.

Trump announces 100% chip tariff, pressuring Asian producers

The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
  • shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
  • Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.

Electric ‘air taxis’ could debut in Japan from 2027

Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...
  • ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the five-seater aircraft.
  • The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future.

Tourists drawn to Oman’s giant sinkholes

The sinkholes are marketed as a tourist attraction in Dhofar, whose temperate climate draws many visitors from the Gulf during...
  • One of the sinkholes is one of the world's biggest: the yawning Kahf Teiq, 211 meters (692 feet) deep and 150 meters wide.
  • At the Tawi Atair sinkhole, tourists potter around on concrete paths and stairways.

Lebanon’s Hezbollah rejects cabinet decision to disarm it, terms it a grave sin

Hezbollah said Wednesday that it would treat a Lebanese government decision to disarm the militant group "as if it did...
  • The government said its decision came as part of implementing a November ceasefire that sought to end more than a year of hostilities between Israel and Hezbollah
  • Israel has kept up its strikes on Hezbollah and other targets despite the November truce, and has threatened to keep doing so until the group has been disarmed

Marco Rubio : ‘We’re going to be completely aligned with our partners in the Gulf’

He said that technical talks between the United States and Iran are expected to resume in Switzerland on June 29...

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Yemen separatists set for Riyadh talks after fighting: official

The leader of Yemen's separatists is heading to Riyadh on Tuesday for talks, a Yemeni official told AFP, after days...

Venezuelan parliament swears in interim president after Maduro’s ouster

Venezuela's parliament swore in Delcy Rodriguez as interim president on Monday, two days after US forces seized her predecessor Nicolas...

Oil prices gain, as equities extend record run higher

Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Venezuela’s interim leader names commission to handle Maduro’s release

Venezuela's interim president Delcy Rodriguez on Sunday created a commission to seek the release of president Nicolas Maduro and his...
  • Rodriguez tapped her brother Jorge, president of the National Assembly, and Foreign Minister Yvan Gil to co-chair the commission
  • Accused of drug trafficking and terrorism, Maduro was detained in a New York jail Saturday and is due in court Monday

Netanyahu says Israel won’t let Iran restore ballistic missile programme

Prime Minister Benjamin Netanyahu said Monday that Israel would not allow arch-foe Iran to restore its ballistic missile programme, just...
  • "We will not allow Iran to restore its ballistic missile industry, and certainly we will not allow it renew the nuclear programme that we significantly damaged," Netanyahu said
  • Netanyahu's threat comes days after Trump threatened to "eradicate" Iran's nuclear and ballistic missile programme, after the two leaders met in Washington last week

US to work with current Venezuela leaders if they make ‘right decision:’ Rubio

The United States is ready to work with Venezuela's remaining leaders if they make "the right decision," Secretary of State...
  • "We're going to judge everything by what they do, and we're going to see what they do," Rubio told CBS News' "Face the Nation."
  • US commandos snatched Maduro from a compound in Caracas on Saturday in a risky operation involving jets, helicopters, warships and ground troops