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

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.

Qiddiya City launches ‘Powered by Play’ after global play research

Dubai, UAE --  Qiddiya City launched "Powered by Play," a long-term initiative aimed at promoting play as a driver of...
  • Qiddiya City launched "Powered by Play" after research found Saudis lead surveyed countries in recognizing play's broad personal benefits.
  • Survey found 87 percent of Saudis linked more play with happiness, while 78 percent associated it with greater success.

US strikes Iran for tenth night after Tehran attacks bases in Bahrain, Kuwait

The US State Department issued a worldwide security alert, urging American citizens to exercise increased caution because of heightened tensions...
  • IRGC said they targeted missile defense systems, radar facilities and satellite reception systems at U.S. positions in Kuwait.
  • The Guard also claimed attacking radar installations and other military assets at two American outposts in Bahrain.

Burnham names new cabinet after replacing Starmer as UK prime minister

Britain's new leader pledged a 10-year plan to ease living costs, re-industrialize the economy and decentralize power while reshaping his...
  • Burnham removed several allies of predecessor Keir Starmer, appointing John Healey as finance minister, Ed Miliband as foreign minister and Wes Streeting as defense minister.
  • Burnham spoke with U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky on his first day, while opposition politicians called for a snap election.

US launches ninth wave of strikes on Iran after death of another soldier

Iran's Revolutionary Guards said they had struck several U.S. military targets in Kuwait, including what they described as an early-warning...
  • Iran's Revolutionary Guards warned Hormuz would remain unsafe for oil and petrochemical shipments as long as what they called U.S. aggression continued.
  • Britain's United Kingdom Maritime Trade Operations (UKMTO) separately reported that a ship was on fire near Oman's coastline in the Strait of Hormuz.

UAE says retraction of Dubai ‘explosions’ report will not halt probe

Dubai, UAE -- The government has said that Reuters' decision to withdraw and apologise for a report claiming explosions were...
  • Attorney-General Hamad Saif Al Shamsi said the Public Prosecution had expanded its investigation into the publication and circulation of the report.
  • Reuters said on Friday it had withdrawn the July 16 report because it did not meet the news agency's editorial standards.

US strikes Iran again as Supreme Leader says breaches show Trump signature ‘invalid’

US Central Command (CENTCOM) said the latest attacks targeted Islamic Revolutionary Guard Corps (IRGC) forces it blamed for the Jordan...
  • Iran's army said it launched "large-scale" drone attacks against Camp Udairi and Ali Al Salem Air Base in Kuwait in response to continued US strikes on Iranian territory.
  • Washington said the latest deaths brought the number of US military fatalities linked to the conflict to 16.

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...
  • US strikes killed three people in Hormozgan and injures eight others, according to Iranian media.
  • Jordan's army said it intercepted 10 Iranian missiles, reporting no casualties or damage.

Iran warns US, regional states of retaliation ‘without limitations’ if attacked

The warning came as US President Donald Trump said he was considering three options for dealing with Tehran — reaching...

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Iran war puts fresh pressure on oil flows, shipping as Tehran asks UN to intervene

Renewed US-Iran hostilities are disrupting energy flows, restricting Strait of Hormuz shipping and intensifying economic pressure as Tehran warns against...

Iran strikes US bases in Jordan, UAE after attack on Larak Island

Tehran says its attacks avenged deaths of IRGC personnel and civilians in the US strike on Larak Island. Jordan intercepted...

Qatar PM heads to Tehran as regional diplomacy intensifies

US President Donald Trump said on Wednesday that he was in “no hurry” to resume talks with Iran, arguing that...
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Iran says Hormuz remains closed despite transit agreement with Oman

US president Donald Trump, meanwhile, says that all mines have been cleared from the waterway's international waters and that Tehran...
  • Shipping data shows traffic through the Strait of Hormuz held steady at five commodity vessels on Tuesday, well below average.
  • On Monday, US Treasury Secretary Scott Bessent announced a sweeping economic pressure campaign against Iran.

Iran dismisses new US sanctions threat as ‘same movie’ amid escalating economic war

Araghchi’s comments came as Washington signalled that its next round of measures would go beyond targeting Iran itself, potentially placing...
  • Iran’s security chief Mohsen Rezaei warns Tehran could halt Gulf oil exports, calling countries supporting US sanctions hostile to Iran.
  • Oman’s foreign minister will visit Tehran as both sides seek dialogue over regional stability and the strategically vital Strait of Hormuz.

Iran warns states joining US sanctions would be deemed ‘enemies’

Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.
  • Macron and Saudi Crown Prince Mohammed bin Salman are set to discuss regional stability, energy and strategic cooperation in Paris.
  • Six European governments are pushing an EU-wide windfall tax on oil companies, citing soaring refining margins and living costs.