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.

Israel says Hamas fighter was at target instead of Gaza aid workers

Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an...
  • The victims were killed in three air strikes over four minutes by an Israeli drone as they ran for their lives.
  • The two brigade officers who ordered the strikes, a colonel and a major, have been fired.

Kremlin slams Macron claims Russia trying to undermine Olympics

Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine...
  • Kremlin said it was "absolutely unacceptable behavior" and characteristic of Western accusations that are "never backed up by adequate evidence".
  • Macron had said Thursday that Moscow was trying to promote the narrative that France was unable to host the Games and that the event would be a risk.

Blinken says US seeks ‘results’ on Israeli new Gaza aid policy

Brussels, Belgium - US Secretary of State Antony Blinken said on Friday Washington wanted to see "results" showing more aid was...
  • Israel announced on Friday that it would allow "temporary" aid deliveries into famine-threatened northern Gaza
  • "We welcome the steps that have been initiated by Israel," Blinken said at a meeting with EU officials in Belgium

Opposition retains majority in Kuwait parliament post elections

Kuwait City, Kuwait - Opposition lawmakers maintained a majority in Kuwait's parliament, results showed Friday, after the Gulf state's third parliamentary...
  • Opposition candidates won 29 seats in the 50-member assembly, according to results carried by the official KUNA news agency
  • The make-up of the new parliament is very similar to the outgoing one, with all but 11 lawmakers retaining their seats

Stocks trip and oil surges as Middle East tension grows

The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously...
  • Optimism was at a premium on trading floors after a deadly strike on the Iranian consulate in Damascus, which Tehran blamed on Israel and threatened retaliation.
  • Tokyo tanked two percent, with a stronger yen adding to the pain for Japanese investors, while Sydney, Seoul, Singapore, Wellington and Manila were also deep in the red.

UN human rights council demands halt to arms sales to Israel

The resolution -- which passed with 28 of the council's 47 member states voting in favour, six opposed and 13...
  • The strongly worded text called on countries to "cease the sale, transfer and diversion of arms, munitions and other military equipment to Israel
  • It stressed that the International Court of Justice ruled in January "that there is a plausible risk of genocide" in Gaza.

Aid worker killed by Israel felt need to help, parents say

Washington, United States--The father of US-Canadian citizen Jacob Flickinger, one of seven aid workers killed in an Israeli strike earlier this...
  • The father of US-Canadian citizen Jacob Flickinger said his son was hesitant to go to the Gaza Strip but had felt a need to help
  • The aid workers had just unloaded supplies at a warehouse in central Gaza when Israeli warplanes fired a missile into their vehicle

Samsung expects 10-fold jump in Q1 profit

It expects operating profits to jump to US$4.89bn.
  • The company expects January-March operating profits to climb 931.3 percent to $4.89 billion
  • The South Korean firm is expected to release its final earnings report at the end of this month

Iran supreme leader prays over bodies of slain Guards

Tehran, Iran--Iran's supreme leader Ayatollah Ali Khamenei mourned Thursday the seven Revolutionary Guards killed in a strike in Syria, which...
  • The Supreme leader, flanked by top military brass, took part in a ceremony in the capital Tehran during which he led prayers for the dead
  • Khamenei said on Tuesday that Israel will be punished at the hands of "our brave men who will make them regret this crime and the other ones"

Israel acting against Iran and its proxies, says Netanyahu

Israel has declined to comment on the Damascus strike but analysts saw it as an escalation of Israel's campaign against...
  • He spoke after the army paused leave for combat units, blocked GPS signals in certain places and strengthened "alertness" as its war against Hamas in Gaza nears its seventh month
  • Tensions have been inflamed by Monday's strike against the Iranian consulate in Damascus that killed 16 people, according to the Syrian Observatory for Human Rights

Social media fooled by AI video of ‘sky stadium’ for Saudi 2034 World Cup

Paris, France - An AI-generated video claiming to show one of the football stadiums for the 2034 FIFA World Cup...

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Netanyahu seeks Red Cross help after hostage videos, Hamas says no special food privileges for captives

In response, Hamas's armed wing said it would allow the agency access to the hostages but only if "humanitarian corridors"...

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...

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

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Palestinians across major West Bank cities protest Gaza war

One of the largest marches took place in Ramallah, the seat of the Palestinian Authority located just north of Jerusalem,...
  • Many protesters carried photos of Palestinians killed or imprisoned by Israel, as well as photos depicting the hunger crisis unfolding in the Gaza Strip.
  • Protests were held Sunday in other major Palestinian cities such as Nablus in the north and Hebron in the south, with many government employees receiving a day off.

Filmmakers try to cash in on India-Pakistan battle

Mumbai, India -- Indian filmmakers are locking up the rights to movie titles that can profit from the patriotism fanned...
  • The nuclear-armed rivals exchanged artillery, drone and air strikes in May, after India blamed Pakistan for an armed attack on tourists in Indian-administered Kashmir.
  • The fighting came to an end when US President Donald Trump announced a surprise ceasefire.

Dormant Russia volcano erupts for first time in 450 years

Moscow, Russia -- A volcano erupted for the first time in 450 years in Russia's eastern Kamchatka region, the nation's...
  • Pictures released by Russian state media show a towering plume of ash spewing from the Krasheninnikov volcano, which last erupted in 1550.
  • The plume is estimated to have reached an altitude of 6,000 metres (19,700 feet), Kamchatka's Ministry of Emergency Situations said in a post on Telegram.