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.

Oil prices tumble after Israeli attacks spare Iran facilities

Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
  • The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77
  • "Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management

Media: Two major American liberal newspapers refuse to endorse Kamala Harris

With few days remaining to vote in the US election, two major liberal American newspapers have decided not to endorse...
  • The Los Angeles Times and The Washington Post say they will not endorse Kamala Harris or any presidential candidate
  • "Our job as the newspaper of the capital city of the most important country in the world is to be independent"

Saudi Arabia opens resort island at futuristic mega-city NEOM

Riyadh, Saudi Arabia -- Saudi Arabia's planned futuristic mega-city known as NEOM announced on Sunday the opening of its "first physical...
  • The Red Sea island, known as Sindalah, is "spread over 840,000 square meters" (200 acres) and will be set to receive "up to 2,400 guests per day by 2028".
  • NEOM is best known for The Line, twin mirror-encased 170-kilometre-long skyscrapers meant to extend inland from the coast.

Updates: Iran calls on UN Security Council to condemn Israeli strikes amid fresh peace efforts

Iran unlikely to escalate situation with Israel, say experts, as UN chief says destruction in Gaza is "shocking". Netanyahu faces...
  • Iran sends letter to the UN Council to condemn Israeli "aggression" intelligence chief meet in Doha to discuss ceasefire
  • "Repeated efforts to deliver humanitarian supplies essential to survive -- food, medicine and shelter -- continue to be denied by the Israeli authorities..."

Updates: Israel targets key military sites in Iran amid escalating tensions in Middle East

Explosions sounded across Tehran after Israel’s airstrikes on Iranian military sites, raising fears of a broader conflict in the Middle...
  • The rapid escalation of violence has heightened fears across the region and beyond of a wider war, pitting Israel against Iran and the allies it dubs the "axis of resistance"
  • US National Security Council spokesman Sean Savett said the "targeted strikes on military targets" are " exercise of self-defence and in response to Iran's ballistic missile attack

Saudis part ways with coach Mancini after a run of poor results

Riyadh, Saudi Arabia -- Saudi Arabia's football body said it was ending the contract of national coach Roberto Mancini after 14...
  • The Saudi Football Federation has reached a mutual agreement to terminate the contract of Mancini, 59, who signed a lucrative deal until 2027 in August last year.
  • Building a strong national team is a priority for the oil-rich Saudis who splashed more than a billion dollars on players last year and are the sole bidders for the 2034 World Cup.

Israel and Hamas near ceasefire talks, spy chief heads to Qatar as truce momentum builds

Israel’s Mossad chief will travel to Qatar for ceasefire negotiations as Hamas signals readiness to halt fighting, contingent on Israel...
  • Previous bids to stop the year-long war have failed, though the United States has voiced hope the killing of Hamas leader Yahya Sinwar last week could serve as opening for a deal
  • A senior Hamas official told AFP that a delegation from the group's Doha-based leadership discussed "ideas and proposals" related to a Gaza truce with Egyptian officials in Cairo

Israel to send negotiators to new Gaza truce talks in Qatar

The head of Israel's Mossad spy agency, David Barnea, will head to Qatari capital Doha on Sunday, the Israeli prime...
  • US Secretary of State Antony Blinken said that mediators would explore new options after the failure of previous efforts to seal a ceasefire and hostage release deal.
  • The US and Qatar were seeking a plan "so that Israel can withdraw, so that Hamas cannot reconstitute, and so that the Palestinian people can rebuild their lives.

Beirut’s suburbs ravaged by Israeli air raids as Blinken urges de-escalation with Iran

Israeli airstrikes on Hezbollah's southern Beirut stronghold destroyed six buildings in the deadliest assault since the war began, despite U.S....
  • In southern Lebanon, Israeli strikes pounded Tyre, leaving swathes of its centre in ruins and sparking a new exodus from the once vibrant coastal city
  • Concerns are mounting over tens of thousands of civilians trapped by fighting in Gaza's aid-starved north, where Israel launched a major air and ground assault this month

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
  • Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
  • On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period

Iran says no access to bombed nuclear sites without IAEA deal

Iran's Foreign Minister Abbas Araghchi said that the UN's nuclear watchdog would not be given access to Iranian nuclear sites...

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Norway experiments with electric plane in real-life test

Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...

Gaza ‘genocide’ exposes Europe’s failure to act: top EU official

"The genocide in Gaza exposes Europe's failure to act and speak with one voice," European Commission vice president Teresa Ribera...

Italian fashion icon Giorgio Armani dead at 91

Rome, Italy -- Italian fashion legend Giorgio Armani, king of a high-end lifestyle empire, has died at the age of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel security agency says foiled Hamas plot to kill far-right minister

srael's internal security service said on Wednesday it had foiled a plot by Palestinian militant group Hamas to kill far-right...
  • In a statement, the Shin Bet security service said the planned attack would have involved "explosive drones."
  • It said that members of a Hamas cell operating in the area of Hebron, in the occupied West Bank, had been arrested

With Kim, Putin at his side, Xi says world “faced with a choice of peace or war”

North Korean leader Kim Jong Un and Russia's Vladimir Putin flanked Xi Jinping at a massive parade of military might...
  • In unprecedented scenes, Xi shook hands with both leaders as they walked down a red carpet by Tiananmen Square, with Putin to his right and Kim to his left
  • The event, ostensibly to mark 80 years since the end of World War II, was a chance for Xi to showcase China's military prowess and bring together friendly leaders

Qatar ready to invest $21 bn in DR Congo: Kinshasa

Kinshasa, DR Congo -- Qatari investment firm Al Mansour Holding hopes to invest $21 billion in the Democratic Republic of...
  • Group founder and royal family member Sheikh Mansour bin Jabor bin Jassim Al Thani visited the DRC capital Kinshasa on Tuesday as part of an African tour.
  • The investment would be in various sectors, including agriculture, finance, mining, pharmaceuticals and hydrocarbons.