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.

Gaza rescuers say Israel fire near aid centre kills 31

The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...
  • There have been a series of deadly shootings since the Gaza Humanitarian Foundation (GHF) first opened aid distribution points in the Palestinian territory on May 27
  • The UN Office for the Coordination of Humanitarian Affairs said on Tuesday that "Israeli military operations have intensified in recent days, with mass casualties reported."

Iran says to target US bases if conflict breaks out

"All its bases are within our reach, we have access to them, and without hesitation we will target all of...
  • Tehran and Washington have held five rounds of talks since April to thrash out a new nuclear deal to replace the 2015 accord
  • Since returning to office in January, Trump has revived his "maximum pressure" campaign on Tehran, backing nuclear diplomacy but warning of military action

Nvidia marks Paris tech fair with Europe AI push

Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...
  • Nvidia boss Jensen Huang also lso announced a multi-billion-dollar partnership with French AI champion Mistral AI.
  • The US firm's tie-up with Mistral will see the companies build a cloud computing platform powered by 18,000 of Nvidia's "Blackwell" high-end chips worth billions.

Tehran readies counter-proposal as Iran-US nuclear talks set to resume Sunday in Muscat

Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing...
  • It came as European powers and the United States submitted a censure motion to the UN's nuclear watchdog in an effort to ramp up pressure on Iran
  • Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing to offer sanctions relief

MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral...
  • Mashreq Bank’s debut $500 million sukuk listed on Nasdaq Dubai under its $2.5 billion program offers a 5.03 % profit yield.
  • Nigeria’s planned $5 billion oil‑backed loan with Saudi Aramco is stalled amid falling Brent crude prices and production constraints.

Israel deports Greta Thunberg after intercepting Gaza-bound aid boat

Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...
  • Of the 12 activists on board the Madleen, which was carrying food and supplies for Gaza, four including Thunberg agreed to be deported immediately
  • The remaining eight were taken into custody after they refused to leave Israel voluntarily, and brought before a detention review tribunal on Tuesday

‘What wrong did he do?’ Gaza family mourn three-year-old shot dead

Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
  • "Amir, my love, my dear!" cried his mother, struggling to cross the crowded courtyard of Nasser Hospital in Khan Yunis
  • The grieving mother, comforted by relatives, said her young son had been begging for food in recent days and dreaming of a piece of meat

EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco

The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco,...
  • In addition to the UAE, it removed Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal and Uganda.
  • The moves come after a money-laundering watchdog said in February it had removed the Philippines from its list of countries that face increased monitoring.

Israel says Gaza-bound aid boat activists awaiting deportation after their vessel intercepted

Swedish campaigner Greta Thunberg and other activists detained aboard a Gaza-bound aid boat have been taken to a Tel Aviv...
  • The activist group departed Italy on June 1 aboard the Madleen carrying food and supplies for Gaza, whose entire population the UN has warned is at risk of famine
  • "The passengers of the 'Selfie Yacht' arrived at Ben Gurion Airport to depart from Israel and return to their home countries," the Israeli foreign ministry said on X

Trump warns of decision time as Iran prepares nuclear counter-proposal

In a key sticking point, Iran has insisted on the right to enrich uranium at low levels for civilian use...
  • Trump spoke by telephone with Israeli Prime Minister Benjamin Netanyahu, whose office said the US leader informed that he had made a "reasonable offer" to Iran
  • Netanyahu has threatened to strike the nuclear sites of Iran, whose cleric-run government he sees as Israel's existential enemy, but Trump has said he has held him back

Trump halts Iran attack plans as talks gain momentum, keeps naval blockade intact

Speaking at an Oval Office event, Trump said Washington had achieved a "great settlement" and expressed confidence that an agreement...

Company News

Latest News

Google denies removing W.Sahara border for Morocco users

The dotted lines illustrating the border between Western Sahara and Morocco, indicating the former's disputed territory status, have never been...

Macron warns any planned West Bank annexation a ‘red line,’ to provoke a European reaction

He spoke as Palestinian president Mahmud Abbas visited Paris one month into a fragile truce between Hamas and Israel, following...

Demand for air con set to triple by 2050, warns UN

Geneva, Switzerland -- Global demand for air conditioning could more than triple by 2050, the United Nations warned on Tuesday,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US mediator Kushner and Netanyahu hold talks on the second round of Gaza ceasefire

Kushner, the son-in-law of US President Donald Trump who helped broker the ceasefire, met Netanyahu in Jerusalem on Monday as...
  • Prime Minister Benjamin Netanyahu, meanwhile, said Israel would enforce the ceasefire in Gaza as well as one in Lebanon with an "iron fist".
  • The truce in Gaza, in effect for exactly a month now, has largely halted the war that erupted after Hamas's surprise attack on Israel on October 7, 2023

Indian capital car blast kills at least eight

New Delhi, India - A car explosion in the bustling heart of the Indian capital on Monday killed at least...
  • Police have not given details on the cause, but said that forensic and anti-terrorism agencies were at the site, near the landmark Red Fort
  • The blast took place in the early evening as people returned from work, close to a metro station in the crowded Old Delhi quarter of the city

The Sudanese who told the world what happened in El-Fasher

Port Sudan, Sudan -- "Sixteen killed." "Seven killed." "Thirty-one killed." "People are eating cowhide to survive." "The bombs are getting...
  • AFP's Sudan correspondent documented the grim siege of El-Fasher through civilians like doctors and activists who relayed vital, dangerous updates.
  • These brave sources, including Dr. Ismail and Sheikh Moussa, have all been killed while documenting the ongoing war between the army and the RSF.