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.

Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza

Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response"...
  • Oxfam said inspection rules were causing aid trucks to be stuck in queues for 20 days on average
  • The group noted that Israeli authorities arbitrarily reject "dual-use" items

Israeli army says operation under way in Gaza’s Al-Shifa hospital

Al-Shifa is the Gaza Strip's largest hospital. The Israeli army had in November last year carried out an operation in...
  • Soldiers "are currently conducting a precise operation in the area of the Shifa hospital," a statement from the military said
  • Israel has repeatedly accused Hamas of running military operations from hospitals and other medical centers, claims the fighter group denies

Climate change undermines global security, says NATO chief

Baku, Azerbaijan--NATO Secretary General Jens Stoltenberg on Sunday stressed the need to fight global warming, and called climate change a "crisis...
  • Stoltenberg said in Baku the challenge was that "the world needs energy, but at the same time we need to fight global warming"
  • He also hailed Azerbaijan for investing in alternative energies, stressing the country's "great potential" as a supplier of hydropower

Putin hails election victory, says would not be ‘intimidated’

If he completes another full Kremlin term, Putin will have stayed in power longer than any Russian leader since Catherine...
  • All of the 71-year-old's major opponents are dead, in prison or exiled
  • He has overseen an unrelenting crackdown on anybody who publicly opposes his rule

Iran signs deals worth US$13bn to boost oil production

The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....
  • Last year Iranian oil minister promised the country's oil production would reach 3.6m bpd
  • Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed

Israeli PM says civilians can leave crowded Rafah before invasion

Israel has repeatedly threatened a ground offensive against Hamas in Rafah, where people shelter in tents crammed up against the...
  • Netanyahu had on Friday said he approved the military's plan for an operation in Rafah as well as "the evacuation of the population."
  • The US - which provides Israel military assistance - has said it wants a "clear and implementable plan" to ensure civilians are "out of harm's way."

German Chancellor calls for Gaza deal with ‘longer-lasting ceasefire’

JERUSALEM – German Chancellor Olaf Scholz on Sunday called for a deal to free hostages held in war-ravaged Gaza accompanied...
  • In Jerusalem, German Chancellor Olaf Scholz called for a "negotiated two-state solution" to the Israeli-Palestinian conflict.
  • Netanyahu is under intense domestic political pressure to free hostages seized during Hamas's unprecedented October 7 attack

Attack on Gaza’s Rafah inevitable, says Israeli PM

Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security...
  • Israel has repeatedly threatened to launch a ground offensive against Hamas in Rafah.
  • US has said it cannot support a Rafah operation without a "credible, achievable, executable plan" to shelter civilians.

Iran signs big contracts to increase oil production

Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...
  • Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.
  • Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,

UN envoy urges Syria to rejoin Geneva constitution talks

Damascus, Syria -- Visiting United Nations special envoy for Syria Geir Pedersen urged Damascus Sunday to rejoin talks to revise the...
  • Syria's war, which began 13 years ago with the repression of pro-democracy protests, has killed more than 500,000 people.
  • Geir Pedersen has been trying to make progress with a so-called constitutional committee for Syria to rewrite or amend the war-torn country's constitution since October 2019.

OpenAI says a million ChatGPT users talk about suicide

San Francisco, United States -- Data from ChatGPT-maker OpenAI suggest that more than a million of the people using its...

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Syrian, Israeli ministers meet US envoy in Paris: senior diplomat

The US special envoy for Syria said he held talks with Syrian and Israeli officials in Paris on Thursday on...

Macron says France will recognise State of Palestine, angering Israel, US

At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...

Iran defends ‘unshakable’ right to enrich uranium ahead of key talks

Iran on Thursday reaffirmed its right to enrich uranium, saying it was "unshakable", on the eve of key talks with...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel recalls Gaza negotiators after Hamas responds to ceasefire plan

Mediators have been shuttling between Israeli and Hamas delegations in Qatar for more than two weeks, but the indirect talks have...
  • International concern is growing over the plight of the more than two million Palestinians in the Gaza Strip, where the fighting has triggered a dire humanitarian crisis.
  • International news organizations, including AFP, urged Israel on Thursday to allow journalists in and out of Gaza, with concern that a lack of food is putting their lives at risk.

First foreign firm takes ownership of Saudi football club

The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...
  • Last season, Al Kholood finished ninth out of the 18 teams in the Saudi Pro League.
  • The Harburg Group currently owns a 6.5 percent stake in Cadiz, a club in Spain's second division.

Russia, Ukraine begin a fresh round of talks in Istanbul, Kremlin plays down breakthrough hopes

Ukraine said it hoped the two countries would discuss the release of prisoners and lay the ground for a meeting...
  • A source in the Ukrainian delegation said the heads of the two delegations held a preparatory meeting with Turkish Foreign Minister Hakan Fidan ahead of wider talks
  • The two sides previously met in the Turkish city in May and June, but managed to agree only on exchanges of prisoners and soldiers' bodies