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.

Hamas armed wing says fired ‘large rocket barrage’ at Tel Aviv

Rocket sirens blared in Tel Aviv for the first time in months, with an AFP correspondent reported hearing at least...
  • The Ezzedine al-Qassam Brigades said in a post on Telegram that they had targeted Tel Aviv "with a large rocket barrage in response to the Zionist (Israeli) massacres against civil
  • Israel's army said at least eight rockets were fired towards central areas of the country from Rafah, where its forces have been battling Palestinian fighters

EU hosts talks to strengthen Palestinian Authority for Gaza

A "strong" Palestinian Authority is needed to bring peace in the Middle East, EU foreign policy chief Josep Borrell said...
  • They also came just before Norway -- which was hosting the Brussels meeting -- was on Tuesday is to recognize the State of Palestine, along with Spain and Ireland.
  • Mustafa said Sunday's meeting was "a very important opportunity" for the Palestinian Authority to outline its priorities and plans.

Hamas claims to have taken Israeli soldier ‘prisoner’

The armed wing of Hamas said it had taken "prisoner" at least one Israeli soldier in an ambush on Saturday....
  • Hamas also broadcast images of a soldier being dragged along the ground, presenting the soldier as a captured Israeli
  • In a statement on Telegram, the Israeli army said it "clarifies that there is no incident in which a soldier was abducted".

Musk plans largest-ever supercomputer for xAI startup: report

Washington, United States - Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of...
  • Musk wants the supercomputer - which will string together 100,000 Nvidia chips - operational by fall 2025, and "will hold himself personally responsible for delivering it on time,"
  • The planned supercomputer would be "at least four times the size of the biggest GPU clusters that exist today," such as those used by Meta to train its AI models

Tunisian Jewish pilgrimage sees low turnout amid security fears

Djerba, Tunisia - Only a dozen pilgrims turned up Friday at this year's Jewish pilgrimage on Tunisia's island of Djerba...
  • The pilgrimage to the Ghriba synagogue, Africa's oldest, usually draws thousands of pilgrims from Europe, Israel and beyond, attracting international and local tourists as well
  • But on the first day of the pilgrimage event this year, only about a dozen worshippers were present - almost none of them foreigners

Modi’s struggling rivals to vote as India election resumes

New Delhi, India - India's six-week election resumes Saturday, with top rivals of Prime Minister Narendra Modi due to vote in...
  • Modi, 73, remains roundly popular after a decade in office and his ruling Bharatiya Janata Party (BJP) is widely expected to win a third term next month
  • His prospects have been further bolstered by several criminal investigations into his opponents, sparking concerns from UN rights chief Volker Turk

International Court of Justice orders Israel to halt Rafah offensive

The International Court of Justice also demanded the immediate release of all hostages still held by Palestinian militants, hours after...
  • "The court finds it deeply troubling that many of these hostages remain in captivity and reiterates its call for their immediate and unconditional release," it said.
  • Hamas gave a qualified welcome to the ruling, regretting only that it applied solely to Rafah and not the whole Gaza Strip.

Israel launches deadly Gaza strikes, says ready for new truce talks

Palestinian Territories - Israel launched devastating air strikes on Gaza Thursday, while also expressing readiness to resume stalled talks on...
  • The Gaza Strip's civil defence agency said two pre-dawn air strikes had killed 26 people, including 15 children, in Gaza City
  • Israel has angrily rejected those moves, voicing "disgust" over the ICC request and labelling any recognition of Palestinian statehood a "reward for terrorism."

Algeria signs gas field deal with oil giant ExxonMobil

Algiers, Algeria - Algeria's state oil company announced Thursday it signed a memorandum with ExxonMobil to develop two gas fields, a...
  • The two companies plan to "study the existing opportunities to develop the hydrocarbon resources in the Ahnet basin and the Gourara basin" in southern Algeria
  • The agreement was signed in Algiers by Sonatrach's chief executive Rachid Hachichi and the head of exploration at ExxonMobil, John Ardill

Medic says Gaza hospital under Israeli siege for fifth day

Soldiers are present in the hospital's courtyard and in nearby houses," said hospital's acting director, Dr Mohammad Saleh, adding that...
  • "The hospital was stormed and staff were forced to leave. At the moment I have only 13 staff, 11 patients and two women accompanying wounded children," Saleh said.
  • WHO chief Tedros Adhanom Ghebreyesus said on social media platform X that 140 staff, patients and accompanying adults were inside the hospital when troops stormed it.

Gaza hospital says received 15 Palestinian bodies under ceasefire exchange deal

They were returned in exchange for the latest hostage body handed back from Gaza on Tuesday, that of Israeli-American soldier...

Company News

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Accumulating bitcoin a risky digital rush by companies?

London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...

US toughens terrorism ban of Pakistan separatist fighters

The United States on Monday toughened its terrorist designation of separatist militants in Pakistan's southwest Balochistan province who were behind...

UN, media groups condemn Israel’s deadly strike on Al Jazeera team in Gaza

Dozens of Gazans stood amid bombed-out buildings in the courtyard of Al-Shifa Hospital in Gaza City to pay their respects...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Nvidia, AMD to pay US 15% of AI chip sales to China: reports

Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government...
  • Investors are betting that AI will transform the global economy, and last month Nvidia became the first company ever to hit $4 trillion in market value.
  • The US has been restricting which chips Nvidia can export to China on national security grounds.

Norway sovereign fund drops investments in 11 Israeli companies

Oslo, Norway -- Norway's sovereign wealth fund, the world's largest, said Monday that it was selling its investments in 11...
  • Nicolai Tangen, chief of Norges Bank Investment Management (NBIM), which manages the fund, said the decision was taken "in response to extraordinary circumstances".
  • Norway's wealth fund is the biggest in the world with a value of around $1.9 trillion, with investments spanning the globe.

With poetry and chants, Omanis strive to preserve ancient language

Against the backdrop of southern Oman's lush mountains, men in traditional attire chant ancient poems in an ancient language, fighting...
  • The overwhelming majority of Omanis speak Arabic, but in the mountainous coastal region of Dhofar bordering Yemen, people speak Jibbali, also known as Shehri
  • Sitting under a tent, poet Khalid Ahmed al-Kathiri recites the verses, while men clad in robes and headdresses echo back his words in the vast expanse