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.

UN agency chief laments Gaza war as ‘betrayal of humanity’

United Nations - Israel's war against Hamas in Gaza has escalated into a "betrayal of humanity", the United Nations' humanitarian...
  • UN humanitarian chief Martin Griffiths called for a "collective determination that there be a reckoning for this betrayal of humanity".
  • "Each day, this war claims more civilian victims," said Griffiths, who will leave his post at the end of June due to health reasons.

Hamas to stick on truce conditions amid renewed Cairo talks

"The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their...
  • "Hamas confirms its adherence to the position it presented on March 14 ... and we will not back down from this position," it said in a statement.
  • Negotiators were expected in Cairo over the weekend for a renewed push to strike a ceasefire and hostage exchange deal.

Iran vows to make enemy ‘regret’ killing of revolutionary guards

Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus,...
  • Tehran has vowed to avenge Monday's air strike on the Syrian capital it blamed on its arch-enemy Israel, which has not commented.
  • The attack levelled the Iranian embassy's consular annex in Damascus, killing seven Islamic Revolutionary Guards Corps (IRGC) members.

Israeli information on aid worker death ‘not sufficient,’ says Australia

US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces...
  • The aid group which were killed Gaza included 43-year-old Australian national Lalzawmi "Zomi" Frankcom, as well as British, Palestinian, Polish and US-Canadian employees
  • "Australia had made clear that we have not yet received sufficient information to satisfy our expectations" about Frankcom's death, the Foreign Minister Penny Wong said

Tesla to unveil robotaxi in August

Its shares rose more than three percent in after-market trades.
  • Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X
  • Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

Meta to label AI-generated content

It seeks to reassure users over the risks of deepfakes.
  • The company said it will no longer remove manipulated images and audio that don't otherwise break its rules
  • The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

Biden exhorts Egypt, Qatar to press Hamas on hostage deal

US, Egypt and Qatar have been engaged in weeks of behind-the-scenes talks in a bid to secure a temporary truce...
  • Biden has written letters to the leaders of Egypt and Qatar on the state of the talks
  • His call with Netanyahu included discussions on "getting a hostage deal done"

Iran’s response ‘inevitable’ after consulate strike, says Nasrallah

Monday's strike in the Syrian capital levelled the five-storey consular annex of the Iranian embassy and killed seven Iranian Revolutionary...
  • Iran's supreme leader Ayatollah Ali Khamenei has said Israel "will be punished" for the consulate strike
  • Israel said Thursday it was strengthening its defenses and pausing leave for combat units following Iran's threats to retaliate

UN chief troubled by reports Israel using AI to identify Gaza targets

According to a report in magazine +972, Israel has used AI to identify targets in Gaza -- in some cases...
  • A report claims Israel has marked thousands of Gazans as suspects for assassination
  • A system dubbed Lavender had "played a central role in the bombing of Palestinians"

CIA chief to arrive in Cairo for Gaza hostage talks

According to reports in US media, Burns would meet in the Egyptian capital with Mossad chief David Barnea, Qatari Prime...
  • National Security Council spokesman John Kirby said the US will be "present for those talks"
  • The US, Qatar and Egypt have been engaged in talks in a bid to secure a truce in the Gaza Strip

OPEC+ looks set to further hike oil output

Since April, the V8 group -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman...

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Netanyahu to brief army on Gaza war plan ahead of UN meet on hostages

His statement came after hundreds of retired Israeli security chiefs wrote to US President Donald Trump to urge him to...

Jordan sees decrease in number of tourists over Gaza war

Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...

AI search pushing an already weakened media ecosystem to the brink

New York, United States - Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran sets up new defence council after war with Israel, to be chaired by president

The new body - which will be chaired by the president and include top military commanders among other senior officials...
  • The new body which will be chaired by the president and include top military commanders will be tasked with "reviewing defence strategy.'
  • The move comes in the wake of a conflict with Israel that, according to official figures, left more than 1,000 people dead in Iran and 29 in Israel

Israel says ground troops conducted raids in Syria in the latest border raid since Assad fall

Israel's military said Sunday ground troops had operated in southern Syria, seizing weapons and questioning individuals suspected of arms trafficking,...
  • A military statement said that troops had completed overnight "a mission involving on-site questioning of several suspects involved in weapons trafficking in southern Syria
  • In July, Israel bombed Syrian government forces in the capital Damascus and in Sweida province to force their withdrawal from the southern region amid a wave of sectarian violence

Tunisia’s Jaouadi pushes through pain for second world gold

Singapore, Singapore -- Tunisia's Ahmed Jaouadi added the 1,500m freestyle world title to his 800m crown on Sunday for a...
  • Jaouadi won a thriller to grab gold in 14min 34.41sec, ahead of Germany's Sven Schwarz (14:35.69) and the American world record holder Finke (14:36.60).
  • With three laps to go in the gruelling long-distance race, it was a three-way tussle between Jaouadi, Schwarz and Finke.