INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

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.

Boeing guilty plea deal filed

The plea deal must be approved by a federal court judge.
  • The plea deal must be approved by a federal court judge and it includes an additional $243.6 million to be paid by Boeing on top of a previous fine of the same amount
  • Boeing conspired to defraud US air traffic safety regulators about the Max 737 while the aircraft was being certified, according to the filing

In fuel-guzzling Saudi Arabia, electric cars pique interest

Riyadh, Saudi Arabia -- For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his...
  • Although the EV market in the world's largest oil exporter remains small compared with the United States and China, it tripled last year to nearly 800 cars.
  • Chinese EV giant BYD is expected to dominate the Saudi market. Its global rival Tesla of the United States has no dealerships in the Gulf kingdom.

‘We love life’: Gaza’s war-weary footballers play on

For fans and players, Tuesday's match in the Jabalia refugee camp was a welcome distraction from the pangs of hunger...
  • For the footballers, the match offered a rare escape from concerns about food and water shortages
  • Jabalia was hit particularly hard in an Israeli offensive launched in May

Bangladesh arrest total passes 2,500

What began as demonstrations against politicized admission quotas for sought-after government jobs snowballed into some of the country's worst unrest.
  • At least 174 people have died, including several police officers
  • A curfew was imposed and soldiers were deployed across the country

Paris prepares warm Olympics welcome — except for rats

While the Paris Olympics is set to be a festival of socializing and intermingling, city authorities are keen for visitors...
  • Boulevards and squares have been thoroughly spruced up, with many historic buildings given a makeover
  • "Where there were areas with lots of rats, we put traps in place ahead of the Games" - French Deputy Mayor

Asian markets drop as Biden drops out of White House race

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while...
  • Traders appeared to be unmoved by China's decision to cut interest rates
  • Developments out of Washington overshadowed optimism that the FED will cut interest rates as soon as September

The Biden bombshell: a plot twist that roils Trump too

With the Democrat no longer in the race, the Trump operation finds itself pushed into a strategic pivot, forced now...
  • For months Trump and his allies have been playing on concerns that the 81-year-old Biden may no longer be fit for office
  • He was frequently a target of Republican mockery and scorn at the Republican National Convention in Milwaukee

Israeli settlers beat foreign volunteers in occupied West Bank

Nablus, Palestinian Territories -- Israeli settlers on Sunday attacked a group of foreign volunteers helping Palestinian farmers in the occupied West...
  • Eight mainly American volunteers were working with the farmers in an olive grove near the Palestinian village of Qusra when settlers came after them, said David Hummel, an American
  • "They started attacking and beating us all with sticks and metal pipes and they were throwing rocks as well at us," he said.

Iraq to import electricity from Turkey for northern provinces

Baghdad, Iraq -- Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as authorities...
  • Decades of war have left Iraq's infrastructure in a pitiful state, with power cuts worsening the blistering summer when temperatures often reach 50 Celsius (122 Fahrenheit).
  • Many households have just a few hours of mains electricity per day, and those who can afford it use private generators to keep fridges and air conditioners running.

Israel strikes key Yemen port after Tel Aviv attack

Prime Minister Benjamin Netanyahu warned "anyone who harms us will pay a very heavy price", after Friday's drone attack in...
  • The strikes on the vital port, which triggered a raging fire and plumes of black smoke, are the first claimed by Israel in the Arabian peninsula's poorest country
  • Gallant said the Hodeida strikes were also a warning to other Iran-backed armed groups around the Middle East that have claimed attacks on Israel during the Gaza war

No link between paracetamol and autism, major review finds

Paris, France -- There is no clear link between pregnant women taking the common painkiller paracetamol and autism in their...

Company News

Latest News

Syria commission says more than 300,000 may have gone missing since 1970s

The head of Syria's commission for missing persons said Monday the number of people who went missing during decades of...

Under Rubio, US has revoked visas of 6,000 students deemed to counter US interests

Rubio, to the delight of President Donald Trump's right-wing base, has proudly moved against students using an obscure law that...

Putin and Zelensky set for peace summit after Trump’s talks with him, alongside European leaders

Trump met Russian President Vladimir Putin in Alaska on Friday but the talks failed to yield any breakthrough on a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Dubai police retrieve stolen diamond worth $25 million

Dubai, United Arab Emirates -- Dubai police said on Monday they caught three thieves just hours after they stole a...
  • A diamond trader who had brought the jewel from Europe was lured to a villa by a crime gang under the pretense of a viewing by a potential wealthy client, police said.
  • But the gem was stolen when the diamond dealer arrived for the bogus inspection, the statement added.

Hamas accepts new Gaza truce proposal from mediators Qatar and Egypt

"The movement has submitted its response, agreeing to the mediators' new proposal. We pray to God to extinguish the fire...
  • Egypt said it and Qatar had sent the new proposal to Israel, adding "the ball is now in its court". Israel has yet to respond.
  • A Palestinian source familiar with the talks said mediators were "expected to announce that an agreement has been reached and set a date for the resumption of talks".

A shadowy tourism deal puts one of Egypt’s last wild shores at risk

Thousands signed a petition to "Save Hankorab" after discovering a contract between an unnamed government entity and an investment company...
  • Thousands signed a petition to "Save Hankorab" after discovering a contract between an unnamed government entity and an investment company to build a resort
  • The environment ministry -- which has jurisdiction over the park -- protested, construction was halted and the machinery quietly removed