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.

First Palestinian ambassador to Spain submits credentials

The head of state welcomed Housni Abdel Wahed to the royal palace in Madrid for the traditional ceremony for newly...
  • The first Palestinian ambassador to Spain presented his credentials to Spanish King Felipe VI
  • Madrid in May formally recognized a Palestinian state

Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory

Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
  • The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition.
  • With 3,000 jobs on the line, the Brussels workers have launched a prolonged strike, with a large demonstration planned in the capital on Monday and walkouts elsewhere in solidarity

Yemeni rebel missile hits central Israel in rare attack

Jerusalem, Undefined - A missile launched by Yemen's Hamas-aligned Houthi rebels hit central Israel on Sunday, a rare incident which caused...
  • Prime Minister Benjamin Netanyahu said the Iran-backed Houthis will pay a "heavy price" for the attack, which started a fire and caused some damage near Tel Aviv
  • Palestinian group Hamas, whose October 7 attack triggered the war, praised the missile launch, vowing that Israel "will not enjoy security unless it ceases its brutal aggression."

Trump safe after apparent assassination attempt, person in custody

The incident came amid heightened tensions in the knife-edge presidential race, and concern for the safety of both candidates. "There...
  • The US Secret Service confirmed one or more of its agents "opened fire on a gunman" located near the boundary of Trump's golf course
  • The unnerving incident appears to mark the second time in as many months that Trump has been the target of an assassination attempt

Gaza rescuers say Israeli strike on house kills 11, including children

"We have recovered the bodies of 11 martyrs, including four children and three women, after an Israeli warplane hit a...
  • "Several families had taken refuge in the house targeted with a single missile without any prior warning," Bassal said, adding that many others were wounded.
  • Bassal said Israeli forces carried out similar strikes in some other parts of the Hamas-run territory overnight, killing at least 10 people.

US blames Iran-linked group for attack on Iraq diplomatic compound

The US embassy in Baghdad said in a statement issued on Friday that the attack was "initiated by Iran-aligned militia...
  • An explosion rocked the compound located within the perimeter of Baghdad International Airport late Tuesday night
  • The attack occurred amid rising regional tensions over the Gaza war and shortly ahead of a visit by Iranian President Masoud Pezeshkian to Iraq

Stock markets rise, gold hits record high as US rate cut nears

More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
  • Investors are focused on the highly anticipated Fed meeting after data this week showed US consumer inflation slowed more than expected in August to 2.5 percent.
  • The Fed cut rates early in the pandemic, then began hiking in 2022 as inflation rose, pushing rates to a 20-year high.

Aramco Digital, Groq to build world’s largest AI inferencing data center

Riyadh, Saudi Arabia -- Aramco Digital Company and Groq, a leader in artificial-intelligence (AI) inference, have announced their partnership to...
  • The announcement was made on the sidelines of the Global AI Summit (GAIN Summit), which concluded in Riyadh on Thursday.
  • The facility will process 5.28 million tokens per second by the end of 2024 and 53 tokens per second by 2025.

Raided West Bank city holds funerals after Israeli army withdraws

On Friday morning, hundreds of people walked through the streets of Tubas alongside the four bodies hoisted on stretchers and...
  • The Israeli military said that its forces were engaged in a "counter-terrorism operation" in the area of Tubas
  • The official Palestinian news agency Wafa said the military withdrew Thursday evening

Microsoft cutting more jobs from its gaming unit amid industry layoffs

San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...
  • No games or devices are being cancelled, nor are any studios being closed as part of the "adjustments" made at Microsoft's gaming unit on Thursday, according to Spencer
  • Layoffs have become common in the video game industry, with Sony PlayStation early this year announcing it was laying off eight percent of its global workforce

Israel says Gazans who landed in S. Africa unexpectedly had third-country approval

Israeli authorities said on Saturday that 153 Palestinians who turned up unexpectedly in South Africa, triggering questions from its president,...

Company News

Latest News

Iran says return of IAEA inspectors not full resumption of cooperation

Iran said Wednesday that the return of UN nuclear inspectors did not represent a full resumption of cooperation, which was...

Israel ups pressure on famine-struck Gaza City as Trump talks post-war plan

On the ground, Gaza's civil defence agency said Israeli strikes and gunfire killed at least 38 people on Wednesday, including...

Erdogan jubilant as ‘Steel Dome’ air defence system delivered to military, hails it a milestone

Last August, Turkey, a member of NATO, unveiled plans to build a multi-layered air defence system to protect its airspace,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

25 countries suspend postal services to United States over tariffs: UN

The Trump administration said late last month that it will abolish a tax exemption on small packages entering the United...
  • The move has sparked a flurry of announcements from postal services, including in France, Britain, Germany, Italy, India, Australia and Japan.
  • The United Nations' Universal Postal Union said he suspensions will remain in place until there is more clarity on how US authorities plan to implement the announced measures.

Amnesty urges war crimes probe into Israeli destruction in Lebanon

Amnesty International said Tuesday that the Israeli army's extensive destruction of civilian property in south Lebanon, including after a ceasefire...
  • The November 27 truce largely ended more than a year of hostilities between Israel and Hezbollah that culminated in two months of open war
  • The rights group's Erika Guevara Rosas said in the statement that the destruction had "rendered entire areas uninhabitable and ruined countless lives".

Hezbollah chief rejects disarmament ahead of government talks with visiting US officials

Hezbollah's chief on Monday doubled down on his refusal to give up the group's weapons ahead of talks between Lebanese...
  • Hezbollah was the only faction that kept its weapons after Lebanon's 1975-1990 civil war, doing so in the name of "resistance" against Israel, and has always rejected the decision
  • The move came after the balance of power in Lebanon shifted following more than a year of hostilities between Israel and Hezbollah that left the group badly weakened