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.

OpenAI signs $38 bn infrastructure deal with cloud giant AWS

Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...

Palestinians mark ‘Nakba’ anniversary as thousands flee Gaza’s Rafah

Tens of thousands of civilians fled the southern Gaza city of Rafah ahead of a threatened Israeli ground offensive, as...
  • Nearly 450,000 Palestinians have been displaced from Rafah since May 6
  • Right-wing activists stopped and ransacked at least seven Gaza-bound aid trucks coming from Jordan

Quarter of Gazans displaced again as fighting rages north to south

Fighting has flared in north Gaza four months after the army said Hamas's command structure there had been dismantled, and...
  • Clashes have rocked the densely crowded far southern city of Rafah but also flared again in northern and central Gaza months after troops and tanks first entered those areas
  • US State Department spokesman Vedant Patel on Tuesday said that while Washington backed military pressure on Hamas, it was not the only way to "fully defeat" the group

US says Boeing can be prosecuted for 737 MAX crashes

San Francisco, United States - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max...
  • Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas
  • Such a breach would mean Boeing can be prosecuted for any violation of federal law related to the crashes, according to US justice officials

Summer 2023 was the hottest in 2,000 years: study

Paris, France -- Last year's northern hemisphere summer was the hottest in 2,000 years, according to a new study published on...
  • Study co-author Max Torbenson told reporters that 25 of the last 28 years exceeded the summer highs of AD246 -- the hottest year before modern temperature records began.
  • A separate study warns that higher temperatures and ageing populations would see tens of millions of older people being exposed to dangerous heat extremes by 2050.

Israel’s Rafah attack set Hamas talks ‘backward’: mediator Qatar

"There is no clarity how to stop the war from the Israeli side. I don't think that they are considering...
  • Israeli politicians were indicating "by their statements that they will remain there, they will continue the war. And there is no clarity on what Gaza will look like after this".
  • A senior US official told AFP negotiations were "at a simmer, they are at a low boil", but that conversations with the parties were continuing.

Lebanon resumes ‘voluntary’ repatriations of Syrians

Syrian state news agency SANA reported that an unspecified number of people had arrived from Lebanon as part of the...
  • Around 330 people had registered to be part of the "voluntary return"
  • Lebanon, which has been mired in a crushing economic crisis since late 2019, says it hosts around two million Syrians, the world's highest number of refugees per capita

Fierce fighting rocks Gaza after US warning of anarchy, insurgency

The city on the Egyptian border had been sheltering 1.4 million Palestinians, according to the United Nations, but Israel's military...
  • AFP correspondents in Gaza reported helicopter strikes and heavy artillery shelling in the east of Rafah, as well as battles in northern Gaza's Jabalia refugee camp
  • Israel last week defied a chorus of warnings - including from top ally Washington - and sent tanks and troops into the east of Rafah to pursue fighters

India, Iran sign 10-year agreement to develop port project

Tehran, Iran - India and Iran on Monday signed a 10-year contract to develop and equip the strategic Chabahar port in...
  • The agreement will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan, according to Iran's Ministry of Roads and Urban Development
  • The contract will in turn see India Ports Global Limited (IPGL) invest $370 million into "providing strategic equipment" and "developing the transport infrastructure of the port".

Kuwait approves new government amid political crisis

Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...
  • The new government -- the small emirate's 46th -- is headed by Prime Minister Sheikh Ahmed al-Abdullah al-Sabah
  • MPs have previously accused ministers of corruption

Israel opens new border crossing into northern Gaza

Israel said its Kerem Shalom southern crossing with Gaza reopened on Wednesday, three days after being closed because of rocket...
  • Israeli tanks entered Rafah in southern Gaza on Tuesday, seizing control of the Palestinian side of the crossing from Egypt
  • The United Nations has said it has not been able to receive aid through Gaza's two main crossings in days

King Tut’s collection displayed for first time at Egypt’s grand museum

Cairo, Egypt -- Thousands of visitors streamed through the Grand Egyptian Museum on Tuesday as almost the entire collection of King...

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Thousands protest in Tel Aviv against Israeli govt move to expand Gaza war

Demonstrators waved signs and held up pictures of hostages still being held in the Palestinian territory as they called on...

Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know

Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...

Russia cautious on Armenia-Azerbaijan deal, Iran reject border corridor

Russia cautiously welcomed a US-brokered draft deal between Armenia and Azerbaijan on Saturday, but Moscow's regional ally Iran rejected the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran opposes Lebanese govt’s decision to disarm Hezbollah: Khamenei adviser

Iran opposes the Lebanese government's decision to disarm the Tehran-backed militant group Hezbollah, a senior adviser to supreme leader Ayatollah...
  • "The Islamic Republic of Iran is certainly opposed to the disarmament of Hezbollah," international affairs adviser Ali Akbar Velayati said
  • The Lebanese cabinet on Tuesday authorised the army to draw up a plan to establish the state's exclusive control over weapons

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...
  • Companies frequently own bitcoin, the largest cryptocurrency by market capitalisation, to take part in sector activities such as "mining"
  • Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.

Gold futures hit record on US tariff shock; mixed day for stocks

Gold futures hit a record high Friday following reports of an unexpected tariff on the precious metal as global stocks...
  • Wall Street enjoyed a sunny Friday led by the tech-rich Nasdaq Composite Index, which posted a second straight record
  • Investors are growing confident that President Donald Trump's constantly-changing US trade policy won't derail the surge in investment around artificial intelligence