INSEAD Day 4 - 728x90

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Saudi Crown Prince says Israel must not attack Iran, expresses shock over war crimes in Gaza

Indicating improving ties between the two major powerhouses in the Middle East, Crown Prince Mohammed bin Salman urged international community...
  • International community should oblige Israel "to respect the sovereignty of the sisterly Islamic Republic of Iran.."
  • Riyadh and Tehran are warming their relationship, and this is a very different regional environment, says expert.

Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit

Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
  • Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon".
  • A draft resolution for the summit stresses "firm support" for "national rights" for the Palestinian people, "foremost among which is their right to freedom".

COP29 opens with Trump climate withdrawal looming

he COP29 climate talks open Monday in Azerbaijan, under the long shadow cast by Donald Trump's re-election. Trump has pledged...
  • Fears of an imminent US departure from the landmark Paris Agreement
  • US$100 billion-a-year target to help developing nations prepare for worsening climate impacts

Portraits of pain: smuggled Palestinian art shows trauma of Gaza

Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...
  • The paintings document the brutality of war and massacres… carrying pain and sorrow and also a strong resolve and determination
  • The exhibition in Jordan features 79 artworks crafted from improvised materials including medicine wrappers

Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation

Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
  • Summit in Saudi Arabia is an opportunity for Muslim leaders to show signal what they want and expect from the incoming Trump administration
  • Israeli strikes on Sunday killed dozens in Gaza and Lebanon as US deadline for Israel to improve aid delivery is on Wednesday

Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon

Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
  • The Saudi foreign ministry announced the summit in late October during the first meeting of an "international alliance" pushing for a two-state solution.
  • The 57-member OIC and 22-member Arab League include countries that recognize Israel and those firmly opposed to its regional integration.

Bitcoin hits $80,000 for the first time on Trump return optimism

London, United Kingdom -- Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump's return to...
  • It has been rising since Republican candidate Trump won last Tuesday's US presidential election over sentiment that he will ease regulations on digital currencies.
  • During his first presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, even launching his own platform for the unit.

Qatar halts Gaza mediation efforts amid stalled talks on ceasefire and hostage release

The Gulf emirate, which has hosted Hamas's political leadership since 2012 with US blessing, has been involved in months of...
  • Talks, also mediated by Cairo and Washington, have repeatedly hit problems since a one-week truce in November 2023 -- the only one so far
  • One crucial hurdle has been Hamas's insistence that Israel withdraw completely from Gaza, something Israeli officials have repeatedly rejected

Global food prices reach 18-month high, vegetable oil cost soars

Paris, France -- Global food prices rose in October to their highest level in 18 months, with a sharp increase in...
  • The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, reached 127.4 points last month, a 2% increase from September.
  • It was the highest since April 2023 but still 20.5 percent lower than the peak reached in March 2022 following Russia's invasion of agricultural powerhouse Ukraine.

Buried for 14 hours after Israeli strike, Lebanese toddler makes recovery

The strike flattened an apartment complex and killed 15 people, many of them relatives
  • "Ali is the sole survivor of his family," said his father's uncle
  • "He emerged from the rubble, barely breathing, after 14 hours"

Trump pushes Ukraine to accept his plan for ending the war ahead of Nov 27 deadline

"He'll have to like it, and if he doesn't like it, then you know, they should just keep fighting," Trump...

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Israel flattens high-rise as it tells Gaza City residents to flee

An Israeli strike flattened a high-rise in Gaza City on Saturday -- the second in as many days -- after...

From hotels to high fashion, Armani’s luxury empire

Milan, Italy - Giorgio Armani's death leaves a vacuum at the top of his billion-dollar luxury business, an independent empire...

Arab bloc says no peace without a Palestinian state and end to ‘hostile’ Israel actions

The League said that "the failure to reach a just solution to the Palestinian cause and the hostile practices of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Lebanon says army will begin implementing Hezbollah disarmament plan, amid opposition from the group

Responding to questions from journalists, Morcos said "the Lebanese army will begin implementing the plan, but in accordance with the...
  • In August, the Lebanese government ordered the military to draw up plans to disarm the once-dominant militant group by the end of the year
  • Responding to questions, the information minister Morcos said "the Lebanese army will begin implementing the plan, but in accordance with the available capabilities."

Tesla proposes package for Musk that could top $1 trillion

New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...
  • The plan potentially provides Musk -- already the world's wealthiest person -- with up to 12 percent of additional total company shares.
  • Tesla's current market capitalization is just over $1 trillion, down somewhat from its peak following recent weak earnings.

EU hits Google with $3.47 billion fine despite Trump threats

Brussels, Belgium -- The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its...
  • Google immediately vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc.
  • The fine comes despite threats by Trump to go after Europe for regulations seeking to rein in US tech giants.