INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Russian forces capture Ukrainian city of Kherson

Russian forces captured Ukrainian city of Kherson in May. Representative picture
  • "The (Russian) occupiers are in all parts of the city and are very dangerous," Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram
  • The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres

Russian forces have taken the Ukrainian city of Kherson, local officials confirmed, the first major urban centre to fall since Moscow invaded one week ago.

“The (Russian) occupiers are in all parts of the city and are very dangerous,” Gennady Lakhuta, head of the regional administration, wrote on messaging service Telegram late Wednesday.

The strategic port city of 290,000 people near the Black Sea came under siege as Russian forces pressed ahead with their offensive across other urban centres.

Another key Ukrainian port, Berdiansk, has already been seized by Russian troops, while Mariupol has repelled attacks “with dignity,” according to that city’s mayor, Vadim Boichenko.

Russian forces have also bombarded Ukraine’s second-biggest city Kharkiv, prompting comparisons to the massacres of civilians in Sarajevo in the 1990s.

After days of intense fighting, hundreds of civilians have been killed, while around one million people have fled Ukraine since the invasion began, triggering punishing Western sanctions intended to cripple Russia’s economy.