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.

Gaza ceasefire, post-conflict planning on Blinken’s Saudi visit agenda

Blinken is due to travel on to Egypt, which neighbors Gaza and whose envoys have been involved in previous mediation...
  • He will discuss "a political path for the Palestinian people with security assurances with Israel, and an architecture for lasting peace and security in the region", Miller added.
  • Nearly six months into the war, Israel's key backer the United States has repeatedly called on its ally to allow more humanitarian aid into besieged Gaza.

Afghanistan blames ‘politics’ as Australia cancels T20 tour in UAE

The Afghanistan Cricket Board urged the Australian government "not to impose its policies on cricket boards" and "focus on supporting...
  • Cricket Australia said it had received advice "that conditions for women and girls in Afghanistan are getting worse" and postponed the three-match series scheduled in August
  • The decision, announced Tuesday, was third time since 2021, when the Taliban returned to power, that Australia have refused to play Afghanistan outside of international tournaments

Microsoft hires DeepMind co-founder to lead AI unit

Of all the tech giants, Microsoft has moved the fastest into adopting generative AI, integrating its powers into a whole...
  • Suleyman is one of the biggest names in the artificial intelligence revolution that is taking the technology world by storm and his hiring is a major move by Microsoft
  • Suleyman said that some key collaborators at Inflection, including co-founder Karén Simonyan, had "chosen to join" his team at Microsoft

Hate crimes surge 32 percent in France following Gaza war: Govt

Police recorded 8,500 crimes and misdemeanors "committed because of the ethnicity, nationality, supposed race or religion" of the victim across...
  • There were twice as many crimes and misdemeanors recorded in October-December as in the same period in 2022.
  • "The increase can be seen from October, with a level of offences holding at the same high level in November before falling back in December," the report said.

Israel’s Gallant to visit US as Rafah pressure builds

During his first visit to Washington since war erupted in response to Hamas's unprecedented October 7 attack, Gallant is due...
  • Netanyahu's office said a delegation would visit Washington at "the request of US President"
  • Biden said Monday he had told Netanyahu to send a team to Washington

No oil and gas majors aligned with climate targets: report

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
  • The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
  • At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H

Google hit by US$272m fine in France

It breached an agreement on terms for paying media firms.
  • French regulators said the fine was for "failing to respect commitments made in 2022" and accused it of not negotiating in "good faith" with news publishers
  • France has been a test case for the rules and after initial resistance Google and Facebook agreed to pay some French media for articles shown in web searches

Libya closes Tunisia border crossing after outbreak of clashes

Tripoli, Libya--Libya ordered the "immediate" closure of its main border crossing with Tunisia on Tuesday following clashes between armed groups and...
  • According to Libya's interior ministry, it ordered the closure of the post "after outlaw groups attacked the post in order to create chaos"
  • Armed clashes began on Monday night between armed groups who control Ras Jedir and security forces sent by Tripoli, as per media reports

Govt source: Canada halting arms shipments to Israel

On Monday, the Canadian Parliament passed a nonbinding resolution calling for the international community to work toward a two-state solution...
  • The move comes as Ottawa has only exported "non-lethal" shipments such as communications equipment to Israel since the deadly October 7 attacks
  • Israel has historically been a top receiver of Canadian arms exports, with CAN$21 million worth of military materiel exported to Israel in 2022

Hamas leader blames Israel for sabotaging truce talks

Ismail Haniyeh said that the Israeli actions at Al-Shifa Medical Complex "confirm their intent to obstruct the recovery of life...
  • Negotiations for a Gaza ceasefire and hostage release were underway in Doha
  • Mossad head David Barnea had flown in for talks with the Qatari prime minister on Monday

Trump says ‘nothing’ will jeopardize Gaza ceasefire after Israeli strikes kill 38 people

Trump defended Israel's actions on Wednesday, saying it "should hit back" if Israeli soldiers were killed, but added that "nothing's...

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Syria says meeting with Israeli officials sought to ‘contain escalation’

Syrian diplomatic source said Saturday that a US-mediated meeting with Israeli officials in Paris this week sought to "contain the...

Trump says Hamas ‘didn’t want’ Gaza ceasefire deal as talks break down

The US president argued that the Palestinian militant group was not ready to hand over the remaining captives in Gaza...

China says balance between AI development, security ‘urgently requires consensus’

China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.
  • Revenues also declined in the second quarter by 14 percent year-on-year to 18.8 billion euros, the company said in a statement.
  • The oil giant also confirmed its production target of 1.7 million barrels of oil a day for the current year, despite a three percent decline in the second quarter.

Hamas accuses US mediators of reneging on Gaza talks positions

"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...
  • Indirect negotiations between Israel and Hamas for a ceasefire have reached an impasse, more than two weeks after they began.
  • Naim accused Witkoff of backtracking, saying the US envoy had considered the discussions "positive" only a few days ago.

UK starts online checks to stop children accessing harmful content

London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
  • Around 6,000 pornography sites have agreed to implement the curbs, according to Melanie Dawes, chief executive of British regulator Ofcom.
  • Around 500,000 youngsters aged eight to 14 encountered pornography online last month, according to Ofcom.