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.

Israel says negotiators to hold fresh Gaza truce talks next week

Jerusalem, Undefined - Israel said Friday that "gaps" remained with Hamas on how to secure a Gaza ceasefire and hostage release...
  • There has been no truce in the nine-month-old war in Gaza since a one-week pause in November saw 80 Israeli hostages freed in return for 240 Palestinians held in Israeli prisons
  • The United States, which has worked alongside Qatar and Egypt in trying to broker a deal, had talked up the significance of Netanyahu's decision to send a delegation to Qatar

Early returns show reformist Pezeshkian leading Iran runoff vote: interior ministry

Iran held the first round of its snap presidential election last week which was marked by a record low turnout....
  • Officials have so far counted more than 11 million ballots for Pezeshkian and around 9 million for Jalili, electoral authority spokesman Mohsen Eslami was quoted by IRNA
  • Only 40 percent of Iran's 61 million eligible voters cast their ballots in the first round - the lowest turnout in any presidential election since the Islamic Revolution of 1979

Is Artificial Intelligence a major drain on the world’s energy supply?

Paris, France -- When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed...
  • The International Energy Agency (IEA) said in a report earlier this year that data centers in general used roughly 40 percent of electricity on computing and 40 percent on cooling.
  • Big tech firms have been rushing to pack all their products with AI ever since OpenAI launched its ChatGPT bot in late 2022.

Reformist faces ultraconservative as Iran votes for president

In a contest between reformist Masoud Pezeshkian and ultraconservative Saeed Jalili, the election comes amid heightened regional tension
  • The election follows a first round marked by a historically low voter turnout last week
  • Regardless of the result, Iran's next president will be in charge of applying state policy outlined by the supreme leader

Airbus nets satellite deal

The $2.5bn contract was awarded by the German army.
  • The contract was awarded for next generation SatcomBw 3 military communications satellites, the European aerospace firm said.
  • The contract, for deployment by the end of the decade, includes the prime contractor of two satellites "as well as the ground segment (receiving stations.

European Union slaps Chinese electric cars with tariffs of up to 38%

Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car...
  • A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals.
  • The Chinese Chamber of Commerce to the EU slammed the tariffs, coming on top of current import duties of 10 percent, as "politically-motivated" and "protectionist".

Lebanon’s Hezbollah rains rockets on Israel as Gaza war rages

Fire and smoke billows after rockets fired from southern Lebanon hit areas in northern Israel on July 4, 2024. (AFP).
  • The Israeli military said its forces were "striking launch posts in southern Lebanon"
  • UN chief Antonio Guterres is "very worried about the escalation of the exchange of fire"

Iraqi armed groups say ready to fight Israel if Lebanon war breaks out

Baghdad, Iraq - As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready...
  • A field commander of the Islamic Resistance in Iraq said there would be "escalation for escalation" in the event of a full-scale war in Lebanon
  • The commander, speaking to AFP on condition of anonymity, said the Iran-backed group had already sent "experts and advisors" to Lebanon

Syrian-based armed Iraqi groups ready to fight Israel to support Lebanon if war breaks out

As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready to enter...
  • Pro-Iran armed groups so-called "Axis of Resistance" is an alliance that includes Lebanon's Hezbollah and Yemen's Huthi rebels
  • In late January, a drone strike launched by Iraqi armed groups killed three US soldiers across the border in Jordan

Pro-Palestinian group scales Australia’s parliament

Sydney, Australia - Protesters scaled Australia's national parliament on Thursday, unfurling banners reading "Palestine will be free", and accusing Prime Minister...
  • The protest follows recent divisions within the Labor government, which suspended a Muslim senator who voted in favour of Australia recognizing a Palestinian state
  • Senator Fatima Payman said she had been "exiled" after supporting the parliamentary motion - put forward by the Greens party - in defiance of government policy

Ukraine scrambles for energy with power generation at ‘zero’

Kyiv, Ukraine -- Ukraine was scrambling to turn lights and heating back on Sunday after Russian attacks targeting energy infrastructure...

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Davos founder Schwab cleared of misconduct by WEF probe

Geneva, Switzerland -- An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab...

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

Israeli strikes kill 40 Palestinians in Gaza, says civil defense agency

The latest deadly strike comes as Israeli military hinted at an approaching call to push civilians from Gaza City ahead...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Netanyahu has become a ‘problem’, says Danish PM

Danish Prime Minister Mette Frederiksen said Saturday that Israeli leader Benjamin Netanyahu has become a "problem", adding she would try...
  • "Netanyahu is now a problem in himself," Frederiksen said in an interview with the Jyllands-Posten daily, adding that the Israeli government was going "too far."
  • The centre right leader slammed the "absolutely appalling and catastrophic" humanitarian situation in Gaza and new settlement project in the occupied West Bank

Emaciated Gaza woman dies after humanitarian flight to Italy hospital

A young Palestinian woman who was flown from Gaza to an Italian hospital in a severely emaciated state for treatment...
  • The 20-year-old, identified by Italian media reports as Marah Abu Zuhri, arrived in Pisa on an Italian government humanitarian flight overnight Wednesday-Thursday
  • The University Hospital of Pisa said she had a "very complex clinical picture" and serious wasting, which is when a person has significant weight and muscle loss

Trump drops Ukraine ceasefire demand after Putin summit, to pursue full peace accord

Prior to the high-stakes meeting in Alaska, securing an immediate cessation of hostilities had been a core demand of Trump...
  • Prior to the high-stakes meeting in Alaska, securing an immediate cessation of hostilities had been a core demand of Trump and European leaders
  • The shift away from an urgent ceasefire would seem to favor Putin, who has long argued for negotiations on a final peace deal