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.

Gaza hospital chief says tortured in Israel detention

Israel's military has accused Hamas of using hospitals in the Gaza Strip as a cover for military operations. It has...
  • Al-Shifa hospital director Mohammed Abu Salmiya was among dozens of Palestinians released and returned to Gaza for treatment
  • Abu Salmiya said he and other prisoners were put through "severe torture" in Israeli prisons

Boeing offered 737 MAX plea deal, lawyer of crash victims’ families says

Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...
  • In May, the DOJ concluded that Boeing could be prosecuted for violating a previous DPA reached following the two fatal 737 MAX crashes in 2018 and 2019
  • Under that three-year deal, Boeing agreed to pay $2.5 billion to settle fraud charges related to the certification of the 737 MAX

Fighting rages in Gaza City’s Shujaiya for fourth day

A Hamas official in Lebanon, Osama Hamdan, confirmed that the Islamist movement had received the latest proposal but said it...
  • Months of on-and-off talks towards a Gaza truce and hostage release deal have meanwhile made little progress
  • Hamas said Saturday that there was "nothing new" in a revised plan presented by US mediators

Short fuses in Egypt as blackouts stretch into sweltering summer

Cairo, Egypt -- At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet....
  • A decade ago, Egypt faced similar power cuts, which helped fuel popular discontent and protests against the short-lived presidency of late Mohamed Morsi.
  • The present-day blackouts come as Egyptians face the worst economic crisis of their lives, with inflation and currency devaluations shredding savings and leaving families strugglin

Israel carrier says Turkish workers refused to refuel plane

Jerusalem, Undefined -- Israel's national carrier El Al said Sunday its Warsaw to Tel Aviv flight was not allowed to refuel...
  • The plane then took off to Rhodes in Greece where "it will refuel before taking off to Israel", the airline said.
  • Relations between Turkey and Israel have deteriorated since the war in Gaza broke out on October 7, with all direct flights between the two countries cancelled since.

China factory activity contracts for second straight month

Beijing, China - Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's...
  • The manufacturing purchasing managers' index (PMI) registered at 49.5 in June, identical to May's figure, according to the National Bureau of Statistics
  • Policymakers are due to convene in the capital Beijing in mid-July for a highly anticipated political gathering expected to focus on economic recovery

Hamas official says ‘nothing new’ in US Gaza proposals

Hamas insists on a permanent ceasefire and a complete withdrawal of Israeli forces from the Gaza Strip. Hamdan said the...
  • A plan presented last month by President Biden, which he said was proposed by Israel, included a six-week truce accompanied by an Israeli withdrawal from densely populated areas
  • Israeli Prime Minister Benjamin Netanyahu has said he will continue the war until Hamas is totally defeated and all hostages are freed

Fighting for third day in north Gaza as thousands displaced

Palestinian Territories -- Explosions, air strikes and gunfire rattled northern Gaza on Saturday, the third day of an Israeli military...
  • An AFP correspondent reported ongoing explosions from the Shujaiya area near Gaza City, with a resident saying bodies were visible on the streets.
  • The United Nations humanitarian agency OCHA estimated that "about 60,000 to 80,000 people were displaced" from the area this week.

European Union chief in Egypt for joint investment conference

"At this conference, European companies are signing over 20 new deals ... which are worth over 40 billion euros," Ursula...
  • The strategic partnership deal provides the financial support in exchange for boosting energy sales to Europe and stemming migration.
  • Egypt, the Arab world's most populous nation, is in dire need of financial help as it weathers a severe economic crisis marked by rapid inflation.

Reformist hopes for breakthrough as Iran goes to polls

Tehran, Iran - Iranians voted in a presidential election on Friday marked by a lone reformist's bid to break through against...
  • The ballot in 58,000 polling stations comes against a backdrop of heightened regional tensions over the Gaza war and discontent over the state of Iran's sanctions-hit economy
  • If no candidate wins 50 percent of the vote, a second round will be held on July 5, for only the second time in Iranian electoral history after the 2005 vote went to a runoff

Tunisian opponents go on collective hunger strike to support jailed figure

Tunis, Tunisia - Prominent Tunisian opposition figures including Rached Ghannouchi said Friday they would go on hunger strike in solidarity...

Company News

Latest News

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...

Made-for-TV pageantry as Trump brings Putin in from cold

Anchorage, United States - Stepping foot on Western soil for the first time since he ordered the invasion of Ukraine,...

Trump, Putin meeting ends in areas of agreement, a renewed friendship but without Ukraine deal

"There's no deal until there's a deal," Trump said after emerging from a meeting with Putin. offering warm words but...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Larry Fink, André Hoffmann take interim helm at WEF, pledge renewed push for global cooperation

The World Economic Forum has named BlackRock CEO Larry Fink and Swiss entrepreneur André Hoffmann as interim co-chairs, with both...
  • “We are honored to take on this leadership role on an interim basis at a pivotal time for the World Economic Forum,” Fink and Hoffmann said in a joint statement
  • The two leaders stressed that the WEF is uniquely positioned to bridge divides a time when the world more fragmented and complex than ever

World plastic pollution treaty talks collapse with no deal

Negotiators from 185 nations worked beyond Thursday's deadline and through the night in an ultimately futile search for common ground....
  • The stalemate was a resounding failure for the environment and for international diplomacy at a time when its frailties are in the spotlight.
  • Countries voiced anger and despair as the talks unraveled, but said they wanted future negotiations -- despite six rounds of talks over three years ending in a failure.

‘Like hell’: Indoor heat overwhelms Saudi Arabia’s cooks, bakers

Riyadh, Saudi Arabia -- Baker Eid Ahmed just can't get away from Saudi Arabia's notorious heat: he makes bread next...
  • In arid Saudi Arabia, summer temperatures regularly reach 50C, leaving streets empty for much of the day.
  • To protect laborers, the kingdom bans work under direct sunlight and outside during the hours of most intense heat from mid-June until mid-September.