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.

Ceasefire calls mount as Israeli troops on alert for Lebanon incursion

International calls for restraint mounted Wednesday after Israel's army chief told soldiers to prepare for a possible ground offensive against...
  • Israeli strikes on Lebanon killed 72 people on Wednesday
  • Biden met with French President Emmanuel Macron at the UN General Assembly to discuss ceasefire efforts

OpenAI chief technology officer Mira Murati leaving company

San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...
  • Murati called her more than six years at the San Francisco-based company "an extraordinary privilege" and described her decision to leave as difficult in a post on X
  • OpenAI chief Sam Altman replied to Murati's post with his thanks for what Murati has helped the company build, and promised details on a transition plan soon

OECD raises growth forecast, calls for higher property taxes

Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property...
  • The Paris-based organization said global gross domestic product would expand by 3.2 percent, compared to 3.1 percent in its previous forecast.
  • While it raised the world GDP outlook, the OECD sounded the alarm on rising debt, urging governments to make "stronger efforts" to contain spending and raise revenue.

Diplomacy fails Lebanon: Biden hints all-out-war while Israel plans ground invasion

Israel's army chief told troops on Wednesday to be prepared for possible entry into Lebanon as Israeli fighter jets bombarded...
  • Israel asks its troops to get ready for a possible ground offensive in Lebanon as diplomacy fails to achieve peace
  • Over 90,000 people are displaced while more than 700 killed and over 5,000 are wounded since Israel' pager attacks in Lebanon

Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia

Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in...
  • Putin says he was due to meet Erdogan on October 23 - a day after the start of the BRICS summit in Russia's Kazan
  • "Our president has many times stated that we want to become a BRICS member," says Turkish main political party

HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’

United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said...
  • Israeli raids on Lebanon on Monday killed at least 558 people
  • "More than 1,000 Israeli strikes across Lebanon that have killed hundreds of people and injured thousands" this week

Biden warns at UN against ‘full-scale war’ over Lebanon

Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to...
  • The UN General Assembly, the high point of the diplomatic calendar, comes as Lebanese authorities say Israeli strikes killed 558 people -- 50 of them children
  • "Full-scale war not in anyone's interest. Even though the situation has escalated, a diplomatic solution is still possible," Biden said in his farewell address to the global body

No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC

Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...
  • The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency, which sees demand for fossil fuels peaking this decade
  • In the group's annual World Oil Outlook (WOO), OPEC Secretary General Haitham Al Ghais said oil and gas make up well over half of the energy mix today

UAE’s e& bends to European Union foreign subsidy rules

Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...
  • The European Commission approved Emirates Telecommunications' acquisition of PPF Telecom's assets after securing concessions to avoid competition distortion.
  • The deal, scrutinized under new EU rules on foreign subsidies, ensures fair competition by limiting future state aid and financing in the EU.

UN chief warns Lebanon on ‘brink’ as world leaders gather

Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...
  • Lebanese authorities say Israeli strikes killed 558 people - 50 of them children
  • "Lebanon is at the brink," UN Secretary-General said

Cervical cancer vaccine push has saved 1.4 million lives: Gavi

Geneva, Switzerland - A three-year campaign to bring vaccines against human papillomavirus (HPV) to low-income countries has prevented 1.4 million...

Company News

Latest News

Yemen’s Huthis say PM killed in Israeli strike, the most senior Huthi official to have died so far

Ahmed Ghaleb Nasser Al-Rahawi, who was appointed last year, was killed along with other officials in the Israeli attack on...

Red Cross warns against evacuation of Gaza City as Israel tightens siege

The Red Cross warned on Saturday that any Israeli efforts to evacuate Gaza City would put residents at risk, as...

Ancient tombs unearthed in Iraq due to drought

Khanke, Iraq - Archaeologists in drought-hit Iraq have discovered 40 ancient tombs after water levels in the country's largest reservoir...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkey bars Israeli ships and flights from its territory

Ties between Turkey and Israel have been shattered by Israel's war against Hamas in Gaza, with Ankara accusing Israel of...
  • Turkish officials have repeatedly insisted that all trade ties with Israel have been cut, vowing there would be no normalization as long as the Gaza war continues.
  • In November, Turkey refused to let the Israeli president's plane cross its airspace, forcing him to cancel a planned visit to the COP29 climate conference in Azerbaijan.

Labubu fans flock to stores after launch of mini dolls

Beijing, China -- A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck...
  • Made by Chinese toymaker Pop Mart, the fanged creatures have taken the world by storm, adorning the handbags of celebrities such as Rihanna and Dua Lipa.
  • Last month, commerce minister Wang Wentao used the toothy-grinned dolls as an example of "new forms of consumption.

Israel army says Gaza City now ‘a dangerous combat zone’

The Israeli military, however, is gearing up to expand the fighting and seize Gaza City, with its Arabic-language spokesman saying:...
  • The UN estimates that nearly a million people currently live in Gaza governorate, which includes Gaza City and its surroundings in the north of the territory.
  • The UN declared a famine in Gaza governorate last week, blaming "systematic obstruction" by Israel of humanitarian aid deliveries.