INSEAD Day 4 - 728x90

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

New Dawn over Damascus: Residents reclaim Mount Qasyun after years of curbs under Assad’s rule

Mount Qasyun, once closed due to war, reopens as a vibrant community space where Damascus residents gather to reclaim joy,...
  • Through the long years of Syria's civil war, which began in 2011 with a government crackdown on pro-democracy protesters, people were not allowed access to the mountain
  • When night falls, long queues of vehicles slowly make their way up a twisting road to a brightly lit corniche at the summit

Move over Mercedes: Chinese cars grab Mexican market share

Mexico City, Mexico -- The growing popularity of Chinese sport utility vehicles and pickup trucks has shaken up Mexico's luxury car...
  • Mexicans are increasingly switching from traditionally dominant sedans to Chinese vehicles due to a combination of comfort, technology and price.
  • It is no small feat in a country home to factories of foreign brands such as Audi and BMW, and where until a few years ago imported Chinese cars were stigmatized.

Global stocks rise as Japan led Asia gains on a weaker yen

Seoul was an outlier in Asia with shares plunging as South Korea's political crisis deepened with a second impeachment vote....
  • Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters.
  • In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election

Israeli strikes hit Yemen as Netanyahu fires warning

Israeli air strikes pummeled Sanaa's international airport and other targets in Yemen on Thursday, with Huthi rebel media reporting six...
  • Prime Minister Benjamin Netanyahu warned that Israel's strikes would "continue until the job is done"
  • Iran's foreign ministry condemned the strikes as a "violation" of peace and security

Israeli strike on broadcast vehicle kills five Al-Quds Today journalists

Palestinian Territories -- A Palestinian TV channel said five of its journalists were killed Thursday in an Israeli strike on...
  • The station identified the five staffers as Faisal Abu Al-Qumsan, Ayman Al-Jadi, Ibrahim Al-Sheikh Khalil, Fadi Hassouna and Mohammed Al-Lada'a.
  • The Palestinian Journalists Syndicate said last week that more than 190 journalists had been killed and at least 400 injured since the start of the war in Gaza.

Turkey lowers interest rate to 47.5% as it battles double-digit inflation

The bank's monetary policy committee decided to reduce the policy rate from 50 percent to 47.5 percent, with a statement...
  • The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.
  • The central bank now expects inflation to reach 44 percent at the end of 2024, up from a previous estimate in August of 38 percent.

Syrian war monitor says 17 dead in clashes in Tartus province

17 people were killed Wednesday in clashes in Tartus province after security forces sought to arrest an officer under deposed...
  • 14 interior ministry personnel were killed and 10 others wounded
  • Clashes in Tartus province erupted after residents refused to allow their houses to be searched

Ceasefire talks falter as Hamas, Israel clash over conditions, Gaza sees more destruction and deaths

Hamas accuses Israel of stalling the truce with new demands on troop withdrawal and prisoner release, while Netanyahu’s office counters,...
  • Indirect negotiations mediated by Qatar, Egypt and the United States have taken place in Doha in recent days, rekindling hope for an agreement between the two warring parties
  • On Wednesday, both sides accused the other of throwing up roadblocks, while Israeli President Isaac Herzog urged the country's leadership to move towards a deal

Pope calls for ‘arms to be silenced’ in Christmas appeal

Rome, Italy -- Pope Francis called Wednesday for "arms to be silenced" around the world in his Christmas address, appealing for...
  • His voice breathless, the 88-year-old pontiff also appealed for a ceasefire in Gaza and for the freeing of Israeli hostages held there by Hamas.
  • Francis also extended his call for peace to Sudan, which has been ravaged by 20 months of brutal civil war and where millions are under the threat of famine.

Egypt to access $1.2 billion in funding after deal with IMF

Washington, United States -- The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the...
  • The deal comes as both sides reached staff-level agreement on the fourth review under the Extended Fund Facility arrangement, the fund said.
  • The funding access is subject to executive board approval. The discussions culminating in the deal were held in person from November 6-20 and virtually afterwards.

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...

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UAE summons Israel envoy over ‘cowardly’ Qatar attack, condemns Netanyahu’s statements

The UAE, along with Bahrain, was the first Gulf country to normalize ties with Israel in 2020 and has been...

Iran says enriched nuclear material ‘under rubble’ of facilities hit during Israel war

Tehran, Iran - Iranian Foreign Minister Abbas Araghchi said Thursday that enriched nuclear material remained "under the rubble" of facilities...

Turkey cuts interest rate again as inflation eases

Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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At major settlement project ceremony in West Bank, Israel PM vows ‘there will be no Palestinian state’

"We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu...
  • "We are going to fulfil our promise that there will be no Palestinian state, this place belongs to us," Netanyahu said at the event in Maale Adumim
  • "We will safeguard our heritage, our land and our security... We are going to double the city's population." The event was streamed live by his office

Global oil supply hit record high in August: IEA

Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...
  • Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in recent years.
  • Non-OPEC+ nations have also been raising their output, with the IEA saying production from the United States, Brazil, Canada, Guyana and Argentina was "at or near all-time highs".

Hamas says US ‘accomplice’ in Israel Qatar attack as funerals held

"This crime was... an assassination of the entire negotiation process and a deliberate targeting of the role of our mediating...
  • In Doha, tight security surrounded the mosque where prayers were held as the Gulf state's ruler joined mourners.
  • One coffin bearing a Qatari flag and five others bearing Palestinian flags were brought into the mosque, live footage from Qatar television showed.