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.

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
  • They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.
  • Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.

Netanyahu says returning Gaza hostages will take ‘a bit more time’

Israeli Prime Minister Benjamin Netanyahu on Sunday insisted gains in the conflict against Iran would help with the country's war...
  • "Our successes in Iran are contributing to the successes in Gaza, but it will still take a bit more time," added the Israeli premier
  • They were constantly acting on several fronts, he added, "...but we are getting closer, step by step, to our objectives, Netanyahu said

Iran threatens US bases in response to strikes on nuclear sites

Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's...
  • International concern focused on fears that the unprecedented US attacks would deepen conflict in the volatile region after Israel launched a bombing campaign against Iran
  • Netanyahu meanwhile said his country's military strikes will "finish" once the objectives of destroying Iran's nuclear and missile capabilities are achieved

UN’s Syria envoy outraged by Damascus church attack

The United Nations special envoy for Syria denounced Sunday's attack on a church in Damascus that killed at least 20...
  • Syria's interior ministry said a member of the Islamic State jihadist group was behind the attack, in which dozens of people were wounded
  • UN envoy Geir Pedersen "condemns in the strongest possible terms the terrorist attack at St. Elias Church... which killed and injured civilians who were attending mass."

Massive US bunker-buster bombs make combat debut in Iran strikes

The US military says the GBU-57 -- also named Massive Ordnance Penetrator -- is designed to penetrate up to 200...
  • The 6.6-meter-long GBU-57 also has a specialized fuse as "you need an explosive that's not going to immediately explode under that much shock and pressure," Dahlgren said.
  • The only aircraft capable of deploying the GBU-57 is the B-2 Spirit, a stealth bomber.

Risk of wider conflict flare up as US claims strikes ‘devastated’ Iran’s nuclear program

Iranian Foreign Minister Abbas Araghchi told reporters in Istanbul the United States and Israel had "crossed a very big red...
  • People gathered in the center of Tehran to protest against US and Israeli attacks, waving flags and chanting slogans, state TV showed.
  • The European Union called on all sides "to step back," while stressing Iran must not be allowed to develop nuclear weapons.

Saudi says ‘no radioactive effects’ detected, more US embassy staff leaves Iraq

"No radioactive effects were detected on the environment of the Kingdom and the Arab Gulf states as a result of...
  • Kuwait's National Guard also posted on X that "radiation levels in Kuwait's airspace and waters are stable and the situation is normal".
  • More personnel from the United States diplomatic mission departed Iraq over the weekend as part of ongoing efforts to reduce embassy staffing due to "regional tensions".

US attacks three key Iranian nuclear facilities, mega bombs likely used in strikes

Trump called on Iran to "agree to end this war," saying that "now is the time for peace." But it...
  • Trump said the United States struck three main Iranian nuclear sites: Fordo, Natanz and Isfahan, with the former being hit with a "full payload of bombs."
  • Natanz was Iran's main uranium enrichment site, with nearly 70 cascades of centrifuges at its two enrichment plants, while a uranium conversion facility.

Iran-Israel war must not become refugee crisis: United Nations

UNHCR, the UN's refugee agency, said the intensity of the attacks between the two sides was already triggering population movements...
  • Strikes in Israel had caused people to seek shelter elsewhere in the country and in some cases abroad.
  • Iran hosts the largest number of refugees in the world -- around 3.5 million -- most of them from Afghanistan.

India will ‘never’ restore Pakistan water treaty: minister

New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the...
  • India halted the agreement following an April attack on civilians which it accused Pakistan of backing, a charge denied by Islamabad
  • Despite a ceasefire holding, India's interior minister said his government would not restore the treaty which governs river water critical to parched Pakistan

Oil prices fall to lowest levels since March on Hormuz opening expactations

Questions over shipping fees, sanctions relief and regional security persisted even as negotiators prepared for a formal signing ceremony in...

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Trump optimistic after Ukraine talks as Rubio says ‘more work’ needed to end war

US President Donald Trump said Sunday there was a "good chance" of a deal to end the war in Ukraine...

The tiring task of repairing Gaza’s tattered banknotes

Nuseirat, Palestinian Territories - With a pot of glue, a blade and a keen eye, Manal al-Saadani repairs tattered banknotes...

Hezbollah says has ‘right’ to respond to Israel’s killing of military commander

Hezbollah's leader on Friday said the group had the right to respond to Israel's assassination of its top military chief...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Trump says Afghan man shot two soldiers near White House

President Donald Trump said Wednesday that an Afghan man who fled the Taliban was the suspect in the shooting of...
  • The announcement in a brief video message signaled the intertwining of three politically explosive issues -– Trump's use of the military at home, and the legacy of Afghan war
  • The incident, which left two Guard members critically wounded, was "an act of evil, an act of hatred and an act of terror," Trump said. "It was a crime against our entire nation."

Israel launches major West Bank operation, raiding Tubas towns amid escalating violence

The Israeli military said the operation began with air strikes to isolate the area, which were followed by "searches" on...
  • The operation, which began overnight, was taking place in predominantly agricultural Tubas, the northeasternmost of the 11 governorates in the West Bank
  • Ahmed al-Asaad, governor of the Tubas region, told AFP: "This is the first time that the entire governorate is included -- the whole governorate is now under Israeli army operation

Trump sends Witkoff to Moscow in hopes of finalizing Ukraine deal

An initial US plan which was heavily weighted in Russia's favor has been replaced by one taking in more of...
  • Trump posted on his Truth Social platform that there were "only a few remaining points of disagreement" -- but European leaders were skeptical
  • He also expressed hope to meet "soon" with Putin and Ukrainian President Volodymyr Zelensky, "but ONLY when the deal to end this War is FINAL or, in its final stages."