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.

Eight Israeli soldiers killed as fighting rages in Gaza

The military said the soldiers were killed when the Namer armored vehicle they were travelling in exploded near Gaza's far-southern...
  • Saturday's losses were among the heaviest for the military since it began its ground offensive in Gaza on October 27 and took its overall losses since then to 306.
  • The United Nations says about one million people have fled Rafah since early May, when Israel began ground operations in the city in pursuit of Hamas.

Huthi missile attack severely injures sailor on cargo ship: US military

Two cruise missiles launched by Yemen's Huthi rebels struck a bulk cargo carrier in the Gulf of Aden on Thursday,...
  • The M/V Verbena -- a Palauan-flagged, Ukrainian-owned, Polish-operated ship -- "reported damage and fires on board
  • The Huthis on Thursday said they had carried out attacks on three ships within the past 24 hours

Battles rage in Rafah as Biden blames Hamas for truce delay

On Monday, the UN Security Council adopted a US-drafted resolution supporting the plan, and on Thursday, German Chancellor Olaf Scholz...
  • Israeli ground forces have operated in Rafah since early May, despite widespread alarm over the fate of Palestinian civilians there
  • Hamas said its fighters were battling Israeli troops on the streets of the city near the besieged Gaza Strip's border with Egypt

Boeing to check undelivered 787s due to fastener issue

New York, United States - Boeing said Thursday it is examining fasteners on some undelivered 787 jets after discovering problems with...
  • The aviation giant, which faces intensified scrutiny from regulators following recent incidents said planes already in service can continue to be flown safely
  • "Our 787 team is checking fasteners in the side-of-body area of some undelivered 787 Dreamliner airplanes to ensure they meet our engineering specifications," the company said

Hezbollah fires new barrage at Israel, which vows to hit back

Beirut, Lebanon -- Hezbollah said it fired a new wave of rockets and drones at the Israeli army on Thursday, after...
  • It was Hezbollah's largest simultaneous attack in near-daily cross-border fire between it and the Israeli army since its ally Hamas's Oct 7 attack on Israel triggered the Gaza war.
  • One of the targets included an Israeli base that Hezbollah said housed an intelligence headquarters "responsible for the assassinations".

Former Twitter, now X, makes ‘likes’ private ‘to protect users’

With the change, which includes the removal of the "Likes" tab on a profile page, users will no longer be...
  • "We are making Likes private for everyone to better protect your privacy," the platform said. "Liking more posts will make your 'For You' feed better," X added.
  • The "For You" feed is a personalized list of videos or posts recommended for each individual user based on their interests and past engagement.

Fire at Iraqi oil refinery injures 13

"More than 10 people were injured, mainly men from the Arbil civil defense," said the Iraqi civil defense in a...
  • The fire broke out in a major crude oil tank on Wednesday night
  • The civil defense agency said the fire "started in one refinery before spreading to another"

Gaza war rages as US wants to ‘close’ ceasefire agreement

Doha, Qatar - Top US diplomat Antony Blinken said Wednesday that a truce and hostage release deal to end the Gaza...
  • Blinken, in Doha for the last stop of a tour to promote President Joe Biden's Gaza ceasefire roadmap, said the United States would work with regional partners to "close the deal."
  • Hamas submitted late Tuesday its response to mediators Qatar and Egypt, and Blinken said some of the proposed amendments "are workable and some are not."

Houthis claim attack on merchant ship in Red Sea off Yemen

The Houthis, who are at war with a Saudi-led coalition after ousting the government from Sanaa in 2014, have launched...
  • The ship was hit about 68 nautical miles (126 kilometres) southwest of the rebel-held port city of Hodeida, maritime security firm Ambrey had said earlier in the day
  • The United Kingdom Maritime Trade Operations, which is run by Britain's Royal Navy, said a vessel was "hit on the stern by a small craft" 66 nautical miles southwest of Hodeida

Fire kills 49 in Kuwait building housing foreign workers

Kuwait City, Kuwait -- A fire killed 49 people in Kuwait when it ripped through a building housing nearly 200 foreign...
  • The blaze, which broke out in the six-story building south of Kuwait City at around dawn, also left dozens of people injured, the health ministry said.
  • The health ministry had previously announced 43 injured in the blaze in the Mangaf area, which is heavily populated with migrant laborers.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

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Expectations high as Trump, Putin set to meet at Alaska: What each side wants

In a draft peace plan published in June, Russia called on Ukraine to withdraw its forces from the Kherson, Lugansk,...

Stocks diverge as bitcoin hits record high

Bitcoin hit a new peak at $124,514.59 in Asian trading, before cooling to around $121,500. The world's biggest cryptocurrency is...

Foreign NGOs say new Israeli rules keep them from delivering Gaza aid

According to the joint letter, whose signatories include Oxfam and Doctors Without Borders (MSF), at least 60 requests to bring...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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‘Putin has only one chance:’ Trump warns of make-or-break chance with Russian leader

Putin and Trump will meet Friday at an air base in the far-northern US state, the first time the Russian...
  • Putin and Trump will meet Friday at an air base in the far-northern US state, the first time the Russian leader has been permitted on Western soil since his invasion of Ukraine
  • Ukrainian President Volodymyr Zelensky, who has refused to surrender territory to Russia, spoke by telephone Wednesday with Trump, as did European leaders

Plastic pollution treaty talks in disarray as dozens of countries reject draft text

Geneva, Switzerland - Attempts to finalise a landmark treaty combating plastic pollution descended into disarray on the penultimate day on...
  • With some 30 hours left to seal a deal among the 184 countries gathered at the United Nations in Geneva, states lined up to slam the text proposed by Luis Vayas Valdivieso
  • Five previous rounds over the past two and a half years failed to seal an agreement, including a supposedly final round in South Korea late last year

Lebanon slams foreign interference as Iran security chief visits

Lebanese leaders firmly rejected any efforts at foreign interference during a visit by Iran's security chief Wednesday, with the prime...
  • The uncharacteristically blunt remarks hinted at a changed balance of power in a country where Iran has long wielded substantial influence by funding and arming Hezbollah
  • The visit by Supreme National Security Council chief Ali Larijani comes after the Lebanese government ordered the army to devise plans to disarm Hezbollah