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.

Polls open in Iran for presidential election amidst vote boycott calls

Polls in Iran opened on Friday for a presidential election following the death of ultraconservative president Ebrahim Raisi in a...
  • Around 61 million Iranians are eligible to vote in the polls
  • Khamenei: "the most qualified candidate" must be "the one who truly believes in the principles of the Islamic Revolution" of 1979

Palestinians flee as Israeli forces return to Gaza’s north

The flare-up in the northern Gaza Strip's Shujaiya district, which witnesses and medics said caused numerous casualties, comes as fears...
  • Gaza City's Al-Ahli hospital, said the facility had so far received seven "martyrs including four children" and more than 40 others who were wounded.
  • In Gaza, fighting has ground on despite comments Sunday by Israeli Prime Minister Benjamin Netanyahu that the "intense phase" of the war was winding down.

Saudi pushes equal pay at launch of women’s tennis finals

The Women's Tennis Association (WTA) announced in April that Riyadh would host the next three editions of the tour finals...
  • Saudi Arabia has been luring professional tennis players to tournaments since 2019, part of a broader campaign to turn the conservative and formerly closed-off kingdom into a sport
  • It has also recruited top footballers including Cristiano Ronaldo and Neymar into its professional league and hosted marquee heavyweight boxing bouts and Formula One races

US offers $5 million reward for Bulgarian ‘cryptoqueen’

SOFIA, Bulgaria -- The United States announced Wednesday a reward of up to $5 million for information that could lead to...
  • Ignatova, 44, evaded arrest by fleeing on a flight from Sofia to Athens two weeks after her indictment in October 2017 and her whereabouts remain unknown.
  • Ignatova, who has German citizenship, is accused of being the mastermind behind the mammoth fraudulent virtual currency scheme OneCoin.

Battles in Gaza’s Rafah as US warns Israel over Lebanon

Top Israeli officials have suggested they are open to a diplomatic resolution of the border tensions, though Gallant said Israel...
  • "Another war between Israel and Hezbollah could easily become a regional war," US Defense Secretary warned
  • "Diplomacy is by far the best way to prevent more escalation," Austin added

Iran picks new president at turbulent time

Iranians vote on Friday to elect a new president from six candidates, including a lone reformist who hopes he can...
  • In the 2021 election that brought Raisi to power, voters shunned the polls
  • Six candidates, five conservatives and one reformist, are competing in Iran's presidential election

Israel top court rules ultra-Orthodox men must serve in army

Jerusalem, Undefined - Israel's top court ruled unanimously on Tuesday that the state must draft ultra-Orthodox Jewish men into military service,...
  • The High Court of Justice's decision on the politically charged issue comes as calls grow for ultra-Orthodox men to enlist
  • Ultra-Orthodox Jews adhere to a strict interpretation of Jewish custom and largely live in insular communities in Israel and elsewhere

WikiLeaks founder Assange freed in US plea deal

Assange had been detained in the high-security Belmarsh prison in London since April 2019. He was arrested after spending seven...
  • Assange, who from 2010 published hundreds of thousands of secret US documents as head of the whistleblowing website WikiLeaks, was freed Monday from a high-security British prison
  • The judge on Wednesday sentenced him to five years and two months in prison - with credit for the same amount of time he spent behind bars in Britain

Israel PM says ‘intense’ phase of Gaza war winding down

Netanyahu said Israel would be able to "redeploy some forces to the north" on the border with Lebanon, where exchanges...
  • The right-wing premier spoke in a TV interview on Sunday as Defence Minister Yoav Gallant travelled to Washington for what Gallant called "critical" talks with Israel's top ally
  • With fears growing of full-scale war in Lebanon, Netanyahu said Israel would return its displaced citizens to their evacuated northern border communities

Dubai to build $8 bn stormwater runoff system after record floods

Dubai, UAE -- Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an unprecedented...
  • The rainwater drainage network announced by Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum is set to be completed by 2033 with construction to start in 2033.
  • "It will cover all areas of Dubai and will absorb more than 20 million cubic meters of water per day," Sheikh Mohammed said of the plan for Dubai.

Turkey issues genocide arrest warrant against Netanyahu, senior officials in his govt

The announcement was met with a firm rebuttal from Israel. Foreign Minister Gideon Saar said Israel "firmly rejects, with contempt"...

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Hezbollah vows to fight disarmament as Lebanon PM slams civil war ‘threats’

Hezbollah leader Naim Qassem vowed Friday to fight government plans to disarm his group, with Lebanese Prime Minister Nawaf Salam...

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...

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

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At least 1,760 killed while seeking aid in Gaza since late May: UN

"While 994 were killed in the vicinity of GHF (Gaza Humanitarian Foundation) sites, 766 were killed along the routes of...
  • The update came as Gaza's civil defense agency said at least 23 people were killed by Israeli fire on Friday, including 12 who were waiting for humanitarian aid.
  • The military intends to take control of Gaza City and nearby refugee camps, some of the most densely populated parts of the territory.

Trump says semiconductor tariffs coming soon

"I'll be setting tariffs next week and the week after, on steel and, I would say, chips. Chips and semiconductors,...
  • Trump said the levy rate would be "lower at the beginning" but "very high after a certain period of time," as a way to encourage businesses to relocate operations to the US.
  • On August 6, Trump announced a 100 percent tariff on semiconductors from firms that do not invest in the United States.

Hezbollah chief thanks Iran for ongoing support to face Israel

Beirut, Lebanon - Hezbollah chief Naim Qassem has thanked a senior Iranian official for his country's ongoing support in confronting...
  • Tehran has been the main backer of the Shiite Muslim group, which emerged badly weakened from last year's war with Israel
  • Larijani's visit came after the Lebanese government tasked the army with drawing up a plan to disarm Hezbollah by the end of the year