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.

US releases $1.3 billion in military aid to Egypt

The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas...
  • Last year, the United States had made the release of part of this annual aid conditional on progress being made on respecting human rights in Egypt
  • This year, however, the State Department said Egypt had made "progress" in certain areas of human rights, and mentioned Cairo's help in mediating between Israel and Hamas

EU’s top diplomat urges de-escalation at Lebanon-Israel border

As war has raged in the Gaza Strip following Hamas's October 7 attack on Israel, Lebanon's Hezbollah has traded near-daily...
  • "We need to de-escalate military tensions," Borrell told
  • "We have to continue pushing for a comprehensive peace in the region," he said

UN chief says six colleagues killed in Israel strike on Gaza school

United Nations Secretary-General Antonio Guterres said late Wednesday that Israeli air strikes on a school-turned-shelter in Gaza killed six staffers...
  • UNRWA called it the highest death toll among its staff in a single incident
  • Rescuers said the strike killed 18 people, including UN staffers

Rightmove rejects £5.6bn Murdoch bid

The property website said the bid was undervalued.
  • REA made public its interest in Rightmove on September 2, noting "clear similarities" between the pair "in terms of their leading market positions in the core residential business"
  • Sector-watchers said REA could be attracted by the prospect of more interest-rate cuts in Britain which would lower mortgage costs for buyers.

Israel strike on Lebanon kills Hezbollah commander

Mohammad Qassem al-Shaer, "a field commander" in the group's elite Radwan Force, "was targeted in an Israeli strike on a...
  • Hezbollah earlier announced Shaer had been killed by Israeli fire, but did not refer to him as a commander
  • The Israeli military said its air force had "eliminated the terrorist Mohammad Qassem al-Shaer" in the Bekaa Valley

Oil tanker ablaze off Yemen threatens environmental disaster

An abandoned tanker carrying more than one million barrels of crude oil could contaminate vast areas of the Red Sea...
  • Threatening an oil spill four times the size of the 1989 Exxon Valdez disaster off Alaska
  • An attempt by private companies to tow away the burning ship was abandoned because it was "not safe"

Apple unveils new iPhone built for AI, looks to boost sales

Cupertino, United States - Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales...
  • The tech giant has a lot riding on the new iPhone 16 and hopes that customers are enticed to buy the latest models, attracted by new AI powers
  • The features are similar to tools recently released by Meta, Microsoft and Google, which can produce well-crafted content simply by querying in everyday language

Gaza agency says Israeli strike kills 40 in humanitarian zone

Gaza civil defence official Mohammed Al-Mughair told AFP early Tuesday that "40 martyrs and 60 injured were recovered and transferred"...
  • The strike hit Al-Mawasi - in Gaza's main southern city of Khan Yunis - which was designated a safe zone by the Israeli military early in the war
  • Israel's military has occasionally carried out operations in and around the area, including a strike in July that it said killed Hamas military chief Mohammed Deif

WTO says trade alone won’t bridge gap between economies

The WTO's 2024 report on global trade looked at the role that commerce has played to narrow the gap between...
  • The report found that low- and middle-income economies tend to engage less in international trade, receive less foreign direct investment and depend more on commodities.
  • WTO chief economist Ralph Ossa added: "Less trade will not promote inclusiveness, nor will trade alone."

First step for Europe’s hyperloop vehicles with test launch

Veendam, Netherlands -- The dream of hurtling between European cities at speeds of more than 700 kilometers per hour moved a...
  • For the moment, the speed is relatively slow at 30 kilometers (18.6 miles) per hour but operators hope to reach 100 kph (62 mph) by the end of the year.
  • Amsterdam to Berlin in 90 minutes or Milan in two hours -- the technology has the potential to revolutionize travel in Europe.

Google announces $40 billion Texas investment to expand AI infrastructure

Google announced Friday a major $40 billion investment in Texas through 2027 to build new cloud computing and artificial intelligence...

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Mediator Qatar says ‘still waiting’ for Israeli response to Gaza truce proposal

Qatar and Egypt, along with the United States, have been mediating indirect ceasefire negotiations throughout the Gaza war, but despite...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israeli rights group accuses general of war crimes in West Bank

A leading Israeli rights organisation said Monday that it had requested a military investigation into a senior commander over suspected...
  • The request comes days after Major General Avi Bluth, head of the Israeli military in the West Bank, appeared in a video in which he called for encirclement of Palestinian villages
  • In a letter to the military advocate-general, the Association for Civil Rights in Israel (ACRI) urged an inquiry into Bluth, citing his comments and actions

Syrian religious leader demands ‘separate’ region for Druze

A prominent Druze leader in southern Syria demanded on Monday the creation of a separate region for his minority community,...
  • The week of bloodshed in Sweida province began on July 13 with clashes between Druze fighters and Sunni Bedouin, but rapidly escalated
  • Sheikh Hikmat al-Hijri, one of three prominent Syrian Druze spiritual leaders, said Monday that the violence "sought to eliminate us as a Druze sect".

Electric cars are more eco-friendly even in US, study finds

Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...
  • The research concluded the CO2 generated by producing an electric vehicle was largely balanced out during the rest of its lifetime.
  • On average, an electric vehicle with a range of 300 miles (480 kilometers) will cause 30 percent less emissions over its life cycle than a plug-in hybrid car.