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.

Airlines expect over $30 bn in profits and passengers to hit nearly five billion in 2024: IATA

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December...
  • Total revenues expected to reach $996 billion in 2024, countered by total expenses estimated at $936 billion
  • Airlines may not replace pilots with AI but the new tech is already revolutionizing the business

Trump warns jail time could be ‘breaking point’ for supporters

In an interview aired Sunday on Fox News, the former president and current Republican White House hopeful acknowledged the possibility...
  • The warning will resonate in a country already concerned about the prospect of civil unrest and political harassment in the run-up to the November election
  • Trump will now be running as a felon, and he has repeatedly refused to commit to accepting the result should he lose to President Joe Biden

12 pro-regime fighters killed in Israeli strike near Syria’s Aleppo: NGO

The Syrian Ministry of Defence said in a statement that "after midnight... the Israeli enemy launched an air attack from...
  • Israel has carried out hundreds of strikes on its northern neighbour since the outbreak of Syria's civil war, mainly targeting army positions and Iran-backed fighters
  • While it rarely comments on individual strikes in Syria, Israel has repeatedly said it will not allow its arch-enemy Iran to expand its presence there

Gaza mothers search for milk as malnutrition hits amid Israeli siege on aid

Deir El-Balah, Palestinian Territories -- Amira al-Taweel scoured pharmacies in northern Gaza for milk to feed her child but could not...
  • At least 32 people, many of them children, have died of malnutrition in Gaza since the war broke out on October 7 following an unprecedented attack by Hamas on Israel.
  • On Saturday, the World Health Organization said that more than four in five children had gone a whole day without eating at least once in 72 hours.

Saudi Aramco begins second share offering, may fetch $12bn

The firm last Thursday disclosed plans to sell 1.545 billion shares on the Saudi stock market, priced between 26.70 and...
  • Meetings with institutional investors were set to run through Thursday while about 10 percent of the shares would be offered to retail investors from Monday.
  • It is the firm's second listing after an initial public offering in December 2019 that raised $25.6 billion, the biggest flotation in history.

Kuwait emir names former PM as new crown prince

Kuwait entered new political turbulence in May when the 83-year-old emir, Sheikh Meshal al-Ahmad al-Sabah, dissolved parliament just six weeks...

Gaza mediators urge Israel, Hamas to accept truce plan

Rafah, Palestinian Territories - Qatari, Egyptian and US mediators called on Israel and Hamas Saturday to "finalise" the truce deal outlined...
  • Fighting has raged in the besieged Gaza Strip since Biden said Israel was offering a new roadmap towards a full ceasefire
  • But Israeli Prime Minister Benjamin Netanyahu has since insisted his country would pursue the war until it had achieved all its aims

Hamas says Israel’s Gaza ceasefire proposal ‘positive’

The US president urged Hamas to accept the Israeli offer. "It's time for this war to end, for the day...
  • But Israeli Prime Minister Benjamin Netanyahu insisted the army would continue fighting until it had "eliminated" Hamas's capacity to rule Gaza and pose a military threat
  • Biden's address came as Israeli troops pushed into central Rafah, escalating the war with Hamas despite international objections to any assault on the southern Gaza city

Houthis launch fresh drone, missile attacks from Yemen: US

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...
  • US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over the Red Sea and another over the Gulf of Aden - while a fifth drone crashed
  • The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships

WFP warns of ‘apocalyptic’ scenes in southern Gaza

"The exodus that we've seen in the past 20 days or so out of Rafah has been an awesome and...
  • The public health situation was "beyond crisis levels", he said, adding: "The sounds and smells of everyday life are horrific and apocalyptic."
  • In central areas of the Gaza Strip, where many people fled, the WFP is providing around 400,000 hot meals a day, and has kept six bakeries functioning.

Embracing heritage, Mamdani marks watershed for South Asian Americans

Washington, United States - In a victory speech capping his meteoric rise, New York's mayor-elect Zohran Mamdani quoted at length...

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Passwords under threat as tech giants seek tougher security

Paris, France -Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security...

Netanyahu floats ‘allowing’ Palestinians out of Gaza as mediators renew truce push

For Palestinians, any effort to force them off their land would recall the "Nakba", or catastrophe -- the mass displacement...

Zelensky says US summit in Alaska a ‘personal victory’ for Putin

Ukrainian President Volodymyr Zelensky said Tuesday that Russian counterpart Vladimir Putin had scored a "personal victory" by getting invited to...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn
  • ADNOC L&S’s Q2 revenue increased by 40 percent year-on-year (YoY) to US$1.258 billion (AED 4.618 billion)
  • In H1 2025, the company’s revenue was $2.439 billion (AED 8.9 billion), a 40 percent YoY increase.

The Elders group of global leaders terms Gaza situation ‘unfolding genocide’

The London-based group also called for the "recognition of the State of Palestine", but added "this will not halt the...
  • "What we saw and heard underlines our personal conviction that there is not only an unfolding, human-caused famine in Gaza. There is an unfolding genocide," it added.
  • "Transfers of arms and weapons components to Israel must be suspended immediately," it added, saying Prime Minister Benjamin Netanyahu should be sanctioned.

Lebanese craftsman keeps up tradition of tarboosh hat-making

Tripoli, Lebanon -- Nestled among shops in a bustling market in north Lebanon's Tripoli, Mohammed al-Shaar is at his workshop...
  • The brimless hats are made with maroon, black or green felt, some bearing floral motifs or embroidered with Lebanon's national emblem, the cedar.
  • While the tarboosh has been around in Lebanon for several centuries, it became particularly common during the late Ottoman period.