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.

Saudi top diplomat says ‘at vanguard’ of efforts to rebuild Syria after 14 years of civil war

On a visit to Riyadh earlier this month, US President Donald Trump said he would lift US sanctions on Syria,...
  • Prince Faisal had landed in the Syrian capital earlier, alongside an economic delegation on a visit to discuss ways to support Syria's war-ravaged economy, authorities said
  • Saudi Arabia has been one of the most important regional supporters of Syria's new authorities, who took over after ousting longtime ruler Bashar al-Assad in December

Macron says abandoning Gaza ‘will kill’ West’s credibility

French President Emmanuel Macron said on Friday that abandoning war-torn Gaza to its fate and giving Israel a "free pass"...
  • "If we abandon Gaza, if we consider there is a free pass for Israel, even if we do condemn terrorist attacks, we will kill our credibility," Macron told defence forum in Singapore
  • European Commission chief Ursula von der Leyen on Tuesday denounced attacks in the past days on civilian infrastructure in Gaza as "abhorrent" and "disproportionate."

UN declares Gaza the hungriest place on earth, says entire population risks famine

Negotiations to end nearly 20 months of war have so far failed to achieve a breakthrough, with Israel resuming operations...
  • Negotiations to end nearly 20 months of war have so far failed to achieve a breakthrough, with Israel resuming operations in Gaza in March, ending a six-week truce
  • Thousands of Palestinians rushed into a Gaza Humanitarian Foundation centre on Tuesday, as Israel implemented a new distribution system that bypasses the UN

Saudi foreign minister Prince Faisal bin Farhan to make rare West Bank visit

Prince Faisal will head a delegation to Ramallah, the first such trip since Israel first occupied the Palestinian territory in...
  • Prince Faisal's trip was announced as Israel vowed to build a "Jewish Israeli state" in the West Bank, after doubling down on plans to expand settlements there.
  • Saudi Arabia sent a lower-level delegation to Ramallah in September 2023, its first since 1967, not long before Hamas's October 7 attack triggered the Gaza war.

No permit, no hajj: Saudi intensifies crackdown after heat deaths

Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a...
  • Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds in and around Makkah.
  • The simple message, "No hajj without a permit", is being blared out in a relentless campaign promoted nationwide at shopping centers, on billboards and across media platforms.

UAE orders all companies to monitor emissions in new climate law

Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...
  • "By institutionalizing emissions monitoring and climate adaptation, the UAE is setting a compelling example for countries across the region," she said.
  • Public and private companies now have to regularly monitor emissions and take steps to reduce them, or risk fines of up to two million dirhams ($545,000).

Turkey says Ukraine, Russia want ceasefire ahead of possible talks

NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid...
  • NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid US President Donald Trump's push for a deal
  • At negotiations in Istanbul on May 16, Ukraine said Russia threatened to accelerate its ground offensive into new regions and made a host of hardline demands

Islamic State claims first attack on new Syria forces since Assad fall: monitors

The Islamic State (IS) group on Thursday claimed its first attack on Syria's new government forces since the fall of...
  • In a statement picked up by SITE Intelligence Group, IS said it had planted an "explosive device" on a Syrian forces' vehicle in the southern province of Sweida.
  • Reported attacks by the group in areas controlled by the Islamist-led government, which took power after Assad's ouster in December, have been scarce

Generative AI’s most prominent skeptic doubles down

Vancouver, Canada -- Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains...
  • Marcus's criticism centers on a fundamental belief: generative AI, the predictive technology that churns out seemingly human-level content, is too flawed to be transformative.
  • The large language models (LLMs) that power these capabilities are inherently broken, he argues, and will never deliver on Silicon Valley's grand promises.

With AI and more shade, Saudi Arabia set for a searing hajj

Riyadh, Saudi Arabia -- With artificial intelligence, more shade and misting machines, Saudi authorities are preparing to welcome more than...
  • Saudi Arabia's hajj minister Tawfiq al-Rabiah told AFP on Thursday that efforts to mitigate the searing desert heat remained a top focus among authorities.
  • This year, Rabiah said authorities have mobilized more than 40 government agencies and 250,000 officials and doubled their efforts to mitigate heat-related risks.

Israel and Iran signal restraint after renewed military clashes

Both countries, however, warned that they were ready to launch retaliatory attacks if provoked. The renewed hostilities raised concerns that...

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Kazakhstan to join Abraham Accords as Trump pushes Mideast peace

Washington, United States - Kazakhstan said Thursday it will join the Abraham Accords between Israel and mainly Muslim nations, in...

Embracing heritage, Mamdani marks watershed for South Asian Americans

Washington, United States - In a victory speech capping his meteoric rise, New York's mayor-elect Zohran Mamdani quoted at length...

Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal

They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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NATO tests war preparedness on eastern flank facing Russia

On the Mures river in central Romania, French armoured vehicles and Romanian trucks board a motorised floating bridge, part of...
  • The drill -- planned for months and seen as an "integration exercise" for NATO members -- comes after Washington last week said it would pull some troops out from the area
  • Romania, which shares some 650 kilometres (400 miles) of border with Ukraine, has gained in strategic importance since Russia invaded its neighbour in 2022

World on track to dangerous warming as emissions hit record high: UN

Scientists are in broad agreement that warming above 1.5C relative to pre-industrial times risks catastrophic consequences, and every effort must...
  • But the world is set to blow past 1.5C in a matter of years and planet-warming emissions keep rising, hitting a new record high in 2024, according to a UN report.
  • With an overshoot of 1.5C now inevitable, focus has shifted to how quickly temperatures can be returned to less-risky levels.

Turkey, and six of its Muslim allies say Palestinian self-rule key to Gaza future

Turkey, which played a central role in forging the now shaky three-week-old ceasefire, is pushing for Muslim nations to bring...
  • Turkey, which played a central role in forging the 3-week-old ceasefire, is pushing for Muslim nations to bring their influence to bear on the reconstruction of the territory
  • Brokered by US President Donald Trump, the October 10 ceasefire has been tested by fresh Israeli strikes and claims of Palestinian attacks on Israeli soldiers.