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.

Major tech companies turn to nuclear energy to power data centers and AI initiatives

Firms such as Amazon, Microsoft, and Google are now looking to outgun each other to tap atomic energy, while Goldman...
  • Amazon, Microsoft, and Google are now looking to outgun each other with announcements on atomic energy
  • According to Goldman Sachs research, data centers will consume 8 percent of US power by 2030, up from 3 percent in 2022

“Sextortion” of teens puts Instagram in trouble; Meta announces new combat measures

Instagram and Facebook's parent company Meta accepts the rise of child/teen predators on Instagram and subsequently announces measures to battle...
  • New measures to fight sextortion, a form of online blackmail where criminals coerce victims, often teens, into sending sexually explicit images of themselves
  • In some countries, Instagram will show teens a video in their feeds about how to spot sextortion scams

UN report says 1.1 billion people in acute poverty

More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday,...
  • 455 million live in the shadow of conflict, while 584 million people under 18 were experiencing extreme poverty
  • India was the country with the largest number of people in extreme poverty which impacts 234 million of its 1.4 billion population

Escalating Conflict: Israel strikes Hezbollah in Lebanon killing mayor war

Hezbollah claimed it destroyed an Israeli tank using a guided missile, while Israel reported killing Hezbollah leader Jalal Mustafa Hariri...
  • The latest exchanges came as Israel faced increasing international pressure after UN peacekeepers in Lebanon were wounded
  • The region is braced for Israel's promised retaliation against its arch-foe Iran for launching around 200 missiles at Israel on October 1

Middle East crisis top-of-mind at first EU-Gulf summit in Brussels

Confirmed at the last minute, the presence of Saudi Arabia's Crown Prince among the six Gulf leaders in attendance heightened...
  • The European Union is the second-largest trading partner for GCC countries but talks on a trade pact have languished for years.
  • Gulf countries have repeatedly called for the creation of a Palestinian state alongside Israel, with some playing a key role in efforts to secure a ceasefire in Gaza.

Asian markets track Wall Street losses on worries over tech rally

Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...
  • Chip titan and market darling Nvidia sank more than four percent
  • Japan's Nikkei 225 was off more than two percent

Netanyahu rejects ceasefire’ in Lebanon, Hezbollah threatens to expand the scope of its missile strikes across Israel

In a call with French President Emmanuel Macron, Netanyahu said he was "opposed to a unilateral ceasefire, which does not...
  • Netanyahu's comments came as the United States ramped up pressure over Israel's conduct of the wars in Lebanon and Gaza
  • Netanyahu has insisted there must be a buffer zone along Israel's border with Lebanon where there is no presence of Hezbollah fighters

Netanyahu assures Biden, Iran counterstrike will only target military sites as war spreads to Lebanon and Gaza

US officials, citing Netanyahu’s pledge, reported relief in Washington as Israel’s counterstrike on Iran will not target oil or nuclear...
  • Israel has vowed to counterattack after Iran fired ballistic missiles at the country on October 1, launched in response to Israel's killing of Tehran-aligned leaders in the region
  • Biden has warned Israel against striking Iran's nuclear or oil facilities in order to avoid a further expansion of regional war and amid worries of a spike in global energy prices

Israel strikes Lebanon after Netanyahu vows no mercy for Hezbollah

srael's military launched strikes Tuesday on eastern Lebanon, as Hezbollah fought Israeli soldiers after Prime Minister Benjamin Netanyahu vowed no...
  • Statement comes a day after a drone attack by Hezbollah killed four Israeli soldiers
  • The Unifil peacekeepers will stay in their positions despite suffering injuries

Can biodiversity credits unlock billions for nature?

Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
  • Brazilian President Luiz Inacio Lula da Silva has mooted a global fund for rainforest conservation that considers paying countries for forest areas that are protected or restored
  • Many environment groups are wary, fearing money generated from biodiversity credits will not benefit conservation or indigenous communities living closely with nature

Meta to remove under-16 Australians from Facebook, Instagram on December 4

Australians younger than 16 will be removed from Facebook and Instagram on December 4, tech giant Meta said Thursday, as...

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Lost for 50 years, Nobel patents found in Swedish summer home

Stockholm, Sweden -- A dozen patents belonging to Swedish inventor and philanthropist Alfred Nobel and lost for almost 50 years...

Turkey court ousts leadership of opposition’s Istanbul branch

Turkey's main opposition CHP party on Tuesday vowed to fight after a court dismissed the leadership of its Istanbul branch...

Iran says open to US nuclear talks, rejects missile curbs

Security chief Ali Larijani said Tuesday that Iran was open to nuclear talks with the United States but ruled out...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Post SCO summit, Kim, Putin at Xi’s side for massive China military parade in Beijing

In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet...
  • In unprecedented scenes, Xi shook both their hands and chatted with the pair as they walked down a red carpet towards Tiananmen Square, with Putin to Xi's right and Kim to his left
  • Thousands of people sang patriotic songs, and there was a gun salute as the showpiece extravaganza to mark 80 years since the end of World War II got underway

France issues arrest warrant for Syria’s Assad over 2012 journalist killings: lawyers

Paris, France -- French judicial authorities have issued arrest warrants for ousted Syrian president Bashar al-Assad and six other top...
  • British photographer Paul Conroy, French reporter Edith Bouvier and Syrian translator Wael Omar were wounded in the attack on the informal press center where they had been working.
  • Assad escaped with his family to Russia after being ousted by Islamist rebels at the end of 2024 although his precise whereabouts have not been confirmed.

Big dreams but no protein shake: Yemeni bodybuilder fighting to make it

Al Mukalla, Yemen -- In a dimly lit, suffocatingly hot gym in Yemen, bodybuilder Saleh Hussein al-Raidi wraps his hands...
  • Raidi is fueled more by passion than the strict nutrition regimen required by his sport, his meals often limited to a small piece of fish with rice.
  • Supporting his family is already a daily struggle, even before he pays for what little specialist food and supplements he can afford.