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.

Paris demands ‘explanation’ from airline over removal of Jewish teens

Paris, France - France's foreign minister has called the CEO of Spanish airline Vueling to demand an "explanation" after dozens...
  • During an incident on Wednesday, the Spanish airline said it had asked the adolescents to leave the plane in the Spanish city of Valencia due to their "disruptive behaviour."
  • But parents condemned what some described as an "antisemitic act", and alleging the teenagers were forced off the plane after one of them had sung a song in Hebrew

UNRWA chief says Gaza aid airdrops will not stop ‘starvation’, solve food shortages

The humanitarian situation in the Palestinian territory has gravely deteriorated in recent days, with international NGOs warning of soaring malnutrition...
  • "Airdrops will not reverse the deepening starvation. They are expensive, inefficient & can even kill starving civilians," UNRWA chief Philippe Lazzarini wrote on X
  • An Israeli official told AFP on Friday that aid drops in Gaza would resume soon, adding they would be conducted by the United Arab Emirates and Jordan

Syria says meeting with Israeli officials sought to ‘contain escalation’

Syrian diplomatic source said Saturday that a US-mediated meeting with Israeli officials in Paris this week sought to "contain the...
  • Israel launched strikes this month on Damascus and Druze-majority Sweida province, saying it was acting in support of the religious minority
  • On Thursday, US special envoy for Syria Tom Barrack had said he held talks with unspecified Syrian and Israeli officials in Paris

Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down

The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...
  • An Israeli official meanwhile told AFP air drops of aid would resume soon over the Gaza Strip, where aid groups warned of surging numbers of malnourished children
  • After US and Israeli negotiators quit indirect talks with Hamas in Qatar, Trump said that "it was was too bad. Hamas didn't really want to make a deal. I think they want to die."

Gaza civil defence says Israeli forces kill 28 people

Gaza's civil defence agency said Israeli military operations killed at least 23 people on Friday across the Palestinian territory, with...
  • Civil defence spokesman Mahmud Bassal told AFP that five people were killed in a strike on Gaza City that hit a school building sheltering Palestinians displaced by the war
  • Bassal said five others were killed when an Israeli strike hit a tent used by displaced Palestinians also in Gaza City, in the territory's north

Hamas accuses US mediators of reneging on Gaza talks positions

"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...
  • Indirect negotiations between Israel and Hamas for a ceasefire have reached an impasse, more than two weeks after they began.
  • Naim accused Witkoff of backtracking, saying the US envoy had considered the discussions "positive" only a few days ago.

UK starts online checks to stop children accessing harmful content

London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
  • Around 6,000 pornography sites have agreed to implement the curbs, according to Melanie Dawes, chief executive of British regulator Ofcom.
  • Around 500,000 youngsters aged eight to 14 encountered pornography online last month, according to Ofcom.

UN chief blasts ‘lack of compassion’ for Palestinians in Gaza

United Nations, United States -- UN Secretary-General Antonio Guterres on Friday slammed the international community for turning a blind eye...
  • "I cannot explain the level of indifference and inaction we see by too many in the international community -- the lack of compassion," he said.
  • "This is not just a humanitarian crisis. It is a moral crisis that challenges the global conscience. We will continue to speak out at every opportunity."

Syrian, Israeli ministers meet US envoy in Paris: senior diplomat

The US special envoy for Syria said he held talks with Syrian and Israeli officials in Paris on Thursday on...
  • "I met this evening with the Syrians and Israelis in Paris. Our goal was dialogue and de-escalation, and we accomplished precisely that," said the envoy, Tom Barrack, on X
  • This was the first meeting between the two countries that have technically been at war since 1948, and Israel has occupied the Golan Heights from Syria since 1967

Macron says France will recognise State of Palestine, angering Israel, US

At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...
  • At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel and the United States strongly oppose the move
  • Several countries have announced plans to recognise statehood for the Palestinians since Israel launched a bombardment of Gaza nearly two years ago

Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security

Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...

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Israel to ban 37 organizations operating in Gaza, aid flow under threat

Apart from MSF, some of the 37 NGOs to be hit with the ban are the Norwegian Refugee Council, World...

“Hell to pay”: Trump warns Hamas after Netanyahu talks, threatens Iran with fresh strikes

US President Donald Trump warned Iran of fresh strikes and said Hamas would have "hell to pay" if it fails...

Saudi Arabia condemns ‘dangerous’ UAE moves in Yemen after striking shipment

Riyadh also backed a demand from Yemen's presidential council for Emirati forces to withdraw from the country within 24 hours,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Somali president to visit Turkey after Israeli recognition of Somaliland

Somalia's president is to visit close ally Turkey on Tuesday following Israel's recognition of the breakaway territory of Somaliland, Turkey's...
  • Turkey denounced Israel's recognition of Somaliland, a self-proclaimed republic, calling it "overt interference in Somalia's domestic affairs"
  • Ankara, a close ally of Somalia, provides military and economic assistance to the country that has been devastated by civil war

Israel’s recognition of Somaliland ‘threat’ to regional stability: Somali president

Somaliland declared independence from Somalia in 1991 and has for decades pushed for international recognition. A self-proclaimed republic, it enjoys...
  • But it has been diplomatically isolated since its unilateral declaration of independence.
  • Egypt, Turkey, the six-nation Gulf Cooperation Council and the Saudi-based Organisation of Islamic Cooperation all condemned the decision.

A saint, a monk, a rock: Bulgaria’s euro coin designs

Sofia, Bulgaria -- Ancient rock art, a patron saint and a monk will be emblazoned on euro coins from Thursday,...
  • Bulgaria will become the 21st country to adopt the euro on Thursday.
  • The single currency first rolled out in 12 countries on January 1, 2002, and has since regularly extended its influence, with Croatia the last country to join in 2023.