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.

Egypt says to support South Africa ICJ case against Israel

Pretoria brought its case to the ICJ in December, calling on the UN court to order Israel to suspend its...
  • Egypt said its move to back the case comes "in light of the worsening severity and scope of Israeli attacks against Palestinian civilians in the Gaza Strip".
  • It further pointed to Israel's systematic "targeting of civilians and destruction of infrastructure" and "pushing Palestinians into displacement and expulsion".

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.
  • The Qatari state-owned hydrocarbon giant will receive stakes in the Cairo and Masry concessions off Egypt's north coast.
  • Under the deal, the operator ExxonMobil retaining 60 percent, QatarEnergy said in a statement.

Hamas says Israeli-British hostage held in Gaza dead

Popplewell was kidnapped from his home during Hamas's October 7 attack along with his mother, Hanna Peri, who was released...
  • Earlier on Saturday, the Ezzedine Al-Qassam Brigades released an 11-second clip showing captive Nadav Popplewell alive and identifying himself
  • In the video, the footage was superimposed with text in Arabic and Hebrew that read: "Time is running out. Your government is lying."

US slams Israel’s use of American weapons in Gaza

The US has warned that the reputational damage Israel will suffer if it storms a city where an estimated 1.4...
  • Israel's main international ally said it was "reasonable to assess" that Israel has used weapons in ways inconsistent with international humanitarian law
  • Relations between the two allies sunk earlier in the week after US President Joe Biden threatened to halt some arms deliveries if Israel went ahead with an assault on Rafah

Kuwait emir dissolves parliament in new political crisis

The state's ruler attributed his move to the "interference" of some MPs in the emir's powers and others imposing "conditions"...
  • The Kuwait News Agency (KUNA) said "an emiri order was issued to dissolve the national assembly and suspend some articles of the constitution for a period not exceeding four years
  • It said the emir, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, and the council of ministers were "assuming the powers granted to the national assembly."

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.
  • TSMC dominates the global chip industry, and the bulk of its fabrication plants are based in Taiwan, a self-ruled island that is claimed by neighboring China.
  • TSMC announced plans in April for a third factory in the United States, raising its total investment in the United States to US$65 billion.

UN votes symbolically in favor of Palestinian membership

"I have stood hundreds of times before at this podium, but never for a more significant vote than the one...
  • Palestinians in April relaunched a request dating back to 2011 to become full members of the United Nations, where their current status is that of a "nonmember observer state."
  • The vote lets Palestinians submit proposals and amendments directly, without having to go through another country, as is the case now.

Hamas says ‘ball is completely’ in Israel’s hands in Gaza truce talks

"The negotiating delegation left Cairo heading to Doha. In practice, the occupation (Israel) rejected the proposal submitted by the mediators...
  • State-linked Egyptian outlet Al-Qahera News reported Thursday that representatives of both camps left Cairo after two days of negotiations
  • Efforts by Egypt and other mediators, namely Qatar and the United States, "continue to bring the points of view of the two parties closer together", the outlet added

Israel hits Rafah despite US warning on arms transfers

In an interview with CNN on Wednesday, Biden warned he would stop some US weapons supplies to Israel if it...
  • An AFP correspondent and witnesses on Thursday reported Israeli strikes on several parts of Rafah, where the United Nations said 1.4 million people were sheltering
  • Israel has already defied international objections by sending in tanks and conducting what it called "targeted raids" in the east of Rafah

Hezbollah says fighters killed after Israeli strike on south Lebanon

The Lebanese security source, requesting anonymity as they were not authorized to speak to the media, said that "four Hezbollah...
  • Hezbollah said it launched "an air attack with explosive drones" targeting an Israeli military base and its vicinity in retaliation.
  • At least 399 people have been killed in Lebanon in seven months of cross-border violence, mostly militants but also including more than 70 civilians.

Qatar warns will cut gas supply to Europe over EU’s green rules

Qatar's energy minister on Monday warned the Gulf state would halt its supply of liquefied natural gas to Europe over...

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UN plastic pollution treaty talks floundering, with countries wildly at odds

Geneva, Switzerland - Talks on forging a groundbreaking treaty to combat the scourge of plastic pollution were floundering Saturday, with...

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...

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

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Armenia and Azerbaijan commit to a lasting peace after decades of conflict at summit with Trump

The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and...
  • Armenian Prime Minister Nikol Pashinyan and Azerbaijan's longtime President Ilham Aliyev said Trump's mediation should earn him a Nobel Peace Prize
  • The two former Soviet republics "are committing to stop all fighting forever, open up commerce, travel and diplomatic relations and respect each other's sovereignty."

Putin-Trump summit to meet on Friday on Ukraine: what we know so far

On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north...
  • Trump has spent his first months in office trying to broker peace but multiple rounds of peace talks, phone calls and diplomatic visits have failed to yield a breakthrough
  • On his Truth Social site on Friday, Trump announced that his meeting with Putin would be held in the far-north US state of Alaska on August 15, later confirmed by the Kremlin

OpenAI releases ChatGPT-5 as AI race accelerates

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
  • ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
  • Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."