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.

Fears of Middle East war grow after Hamas leader’s killing

Israel on Saturday again traded fire with Hezbollah, carried out a deadly raid in the occupied West Bank, and struck...
  • Israel ally the United States said it would move warships and fighter jets to the region, while Western governments called on their citizens to leave Lebanon
  • Iran-backed groups from Lebanon, Yemen, Iraq and Syria have already been drawn into the nearly 10-month war between Israel and Palestinian group Hamas in Gaza

US to deploy more warships, fighter jets to Mideast

Defense Secretary Lloyd Austin has also ordered additional ballistic missile defense-capable cruisers and destroyers to the Middle East and areas...
  • The announcement comes after Iran and its regional allies vowed retaliation for the killings of a Hamas leader in Tehran and a Hizbollah commander in Beirut
  • The aircraft carrier strike group led by the USS Abraham Lincoln will replace one helmed by the USS Theodore Roosevelt in the region, Singh said

Thousands bid farewell to Ismail Haniyeh in Qatari capital

Haniyeh was laid to rest in Lusail, north of the capital Doha, following funeral prayers at the Gulf emirate's largest mosque...
  • "In this moment, I buried my soul under the dirt and I departed. I departed with all the pain of the world in my ribs," she captioned the video uploaded on X.
  • Mourners earlier on Friday lined up inside Imam Muhammad bin Abdul Wahhab Mosque, where Haniyeh's casket, draped in a Palestinian flag, was briefly carried in.

Biden says US committed to defend Israel against ‘all threats from Iran’

Biden, who was joined on the call by Vice President and Democratic presidential candidate Kamala Harris, also emphasized the "ongoing...
  • The call between the leaders also came after Israel announced it had "eliminated Hezbollah military commander Fuad Shukr in Beirut
  • Netanyahu's government has not commented on the slaying of Hamas political leader Ismail Haniyeh in Tehran, but the Palestinian group has blamed Israel

Intel to slash workforce

The company to cut approximately $20 billion in expenses this year.
  • The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended quarter
  • Intel reported having 124,800 employees at the end of last year, meaning the layoffs could hit about 18,000 positions

Iran, allies ready Israel response as funerals held for Haniyeh, Shukr

Hezbollah chief Hassan Nasrallah, addressing the funeral of the Lebanese group's top military commander, said Israel and "those who are...
  • The international community has called for calm and a focus on securing a ceasefire in the Gaza Strip -- which Haniyeh had accused Israel of obstructing.
  • The prime minister of key ceasefire broker Qatar said Haniyeh's killing had thrown the whole Gaza war mediation process into doubt.

British Petroleum to develop four new oil and gas fields in Iraq

Baghdad, Iraq -- Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and gas...
  • BP is one of the biggest foreign players in Iraq's oil sector, with a history of producing oil in the country dating back to the 1920s when it was still under British mandate.
  • According to the World Bank, Iraq has 145 billion barrels of proven oil reserves -- among the largest in the world -- amounting to 96 years' worth of production at the current rate

What next after assassination of Hamas chief Haniyeh?

Jerusalem, Undefined - The killing of Palestinian militant group Hamas's political leader Ismail Haniyeh in Iran could embolden hardliners in the...
  • Haniyeh's killing could have an impact on flailing ceasefire talks to halt Israeli bombardment of Gaza and to see Israeli hostages freed.
  • While some have celebrated Haniyeh's death on social media in Israel, many also fear a military escalation

Iran to hold funeral for Hamas chief Ismail Haniyeh

Khamenei, who has the final say in Iran's political affairs, said after Haniyeh's death that it was "our duty to...
  • The Islamic republic's supreme leader Ayatollah Ali Khamenei will lead the prayers for Haniyeh, having earlier threatened a "harsh punishment" for his killing
  • Haniyeh's death was announced on Wednesday by Iran's Revolutionary Guards, who said he and his bodyguard were killed in a strike on their accommodation

UNSC to hold emergency meeting over Hamas chief’s killing

The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for...
  • Iran's UN envoy Amir Saeid Iravani called on members to "condemn unequivocally and strongly the acts of aggression and terrorist attacks" by Israel.
  • He also urged council members to take "immediate action to ensure accountability for these violations of international law," including potential sanctions.

Indian capital car blast kills at least eight

New Delhi, India - A car explosion in the bustling heart of the Indian capital on Monday killed at least...

Company News

Latest News

Turkish Airlines says offer to buy stake in Spain’s Air Europa accepted

Turkish Airlines on Tuesday said Air Europa had accepted its 300-million-euro ($350 million) offer to purchase a minority stake in...

Antarctic climate shifts threaten ‘catastrophic’ impacts globally

Paris, France -- Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters...

Syrian, Israeli diplomats met in Paris to discuss ‘de-escalation’: report

Syria's foreign minister met with an Israeli diplomatic delegation in Paris on Tuesday to discuss "de-escalation and non-interference in Syria’s...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Indian PM Modi to visit China, security chief says

Indian Prime Minister Narendra Modi will visit China later in August, his security chief said on Tuesday during talks with...
  • Modi will attend the Shanghai Cooperation Organization (SCO) summit opening on August 31 in Tianjin, his first visit to China since 2018, Ajit Doval said in public comments
  • "History and reality prove once again that a healthy and stable China-India relationship serves the fundamental and long-term interests of both of our countries," Wang added

Netanyahu slams Macron for fuelling ‘antisemitic fire’ by move to recognise Palestinian state

Israeli Prime Minister Benjamin Netanyahu upbraided President Emmanuel Macron in a letter seen by AFP on Tuesday, blaming the French...
  • Late last month, Macron said France would formally recognise a Palestinian state during a UN meeting in September, drawing a swift rebuke from Israel
  • By announcing the move, France was set to join a growing list of nations to have recognised statehood for the Palestinians since the start of the Gaza war nearly two years ago

Ex-owner of world’s largest rhino farm arrested for trafficking

Johannesburg, South Africa -- South African police said they arrested Tuesday the former owner of the world's largest rhino conservation...
  • Hume, in his mid 80s, owned the largest rhino farm in the world until 2023 when it was bought by the African Parks NGO.
  • The 7,800-hectare (19,270-acre) "Platinum Rhino" site in the North West province is home to around 2,000 animals.