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.

Syria landmine blast kills 19 truffle hunters, says war monitor

BEIRUT, LEBANON – At least 19 people searching for truffles in the north Syria desert were killed on Saturday after their...
  • Between February and April each year, hundreds of impoverished citizens risk their lives searching for truffles in the vast Syrian desert.
  • Recent weeks have seen repeated deadly mine blasts as Syrians hunt for truffles even as authorities have warned against the practice.

Houthi, Hamas mull ‘encircling’ Israel in Lebanon meet

Yemen's Iran-backed Houthi rebels discussed "expanding confrontations and encircling" Israel in a meeting in Lebanon with Hamas and other Palestinian...
  • The two groups discussed "mechanisms to coordinate their actions of resistance" for the "next stage" of the war in Gaza.
  • They discussed the "complementary role of Ansar Allah (the Houthis) alongside Palestinian factions, especially in the event of an Israeli offensive on Rafah".

Gaza strike kills 36 relatives in first Friday of Ramadan

Palestinian Territories - Displaced by Israeli bombardment, the Tabatibi family gathered in central Gaza to eat together during the first...
  • An air strike hit the building where they were staying as women prepared the pre-fasting meal, killing 36 members of the family, survivors said.
  • Because there were not enough body bags, some of the dead - including at least two children - were wrapped in white cloth stained with blood.

Fatah rejects Hamas criticism of new prime minister’s appointment

Ramallah, Palestinian Territories - Palestinian president Mahmud Abbas's Fatah party hit back at criticism by Hamas and other factions over his...
  • Palestinian president Mahmud Abbas appointed Mohammed Mustafa as prime minister and tasked him with forming a new government.
  • Mustafa replaces Mohammed Shtayyeh, who resigned less than three weeks ago citing the need for change after the Hamas attack of October 7.

Massive fire destroys prestigious Arab film studio in Egypt

CAIRO, EGYPT – A major fire here destroyed one of the Arab world's most prestigious and oldest film production houses, founded...
  • Flames overtook the Al-Ahram Studio in Giza district, burning everything inside and spreading to three surrounding buildings.
  • Residents of the neighboring buildings were still sleeping on the ground in nearby streets at dawn on Saturday

US charity says aid unloaded, ready for delivery in Gaza

A US charity said its team in the war-ravaged Gaza Strip had finished unloading the first maritime aid shipment to...
  • The group is preparing a second boat of 240 tons of food to set sail from Cyprus, the starting point of a new maritime aid route across the eastern Mediterranean.
  • The humanitarian effort is intended to mitigate food shortages that have prompted famine warnings in Gaza from the UN and aid workers.

ExxonMobil makes new oil discovery

The oil and gas strike is the first of 2024.
  • The oil and gas strike, the first of 2024, was in the Stabroek block, the company said Friday
  • Drillers "encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone," Exxon said

Netanyahu okays plan for operation in Gaza’s packed Rafah

Netanyahu "approved the plans for action in Rafah," his office said in a statement, without giving details or a timeline....
  • The statement from Benjamin Netanyahu's office said the military was "prepared for the operational side and for the evacuation of the population."
  • Biden, who has supported Israel during the war, has said an Israeli invasion of Rafah would be a "red line" without credible civilian protection plans in place

US sanctions network smuggling American tech to Iran’s central bank

US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates,...
  • The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement
  • Treasury's move freezes any US assets associated with the sanctioned individuals and entities, and generally prohibits Americans from doing business with them

In Gaza, there are no more ‘normal-sized babies’: UN official

The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians,...
  • "Doctors are reporting that they no longer see normal-sized babies,"  Dominic Allen, UN official said after visiting hospitals still providing maternity services in north of Gaza
  • Allen said Israeli authorities had refused to allow in some UNFPA supply shipments, such as kits for midwives, or had removed supplies like flashlights and solar panels

Zohran Mamdani’s rise signals new hope for US democrats searching for a winning formula

Mamdani, a 34-year-old self-described democratic socialist, has developed a plan aimed at luring working-class people and young adults, for whom...

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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...

India expulsions to Bangladesh unlawful, target Muslims: HRW

New Delhi, India - India has pushed hundreds of ethnic Bengali-speaking Muslims into Bangladesh without due process, Human Rights Watch...

Hamas confirms it responded to latest Gaza truce proposal

Hamas confirmed on Thursday that it has responded to an Israeli proposal for a 60-day ceasefire in Gaza, after more...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump admin unveils AI strategy to maintain US dominance

The 25-page "America's AI Action Plan" outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. Overall, the...
  • According to US media reports, Trump was also to announce a series of executive orders to give key components of the plan additional legal weight.
  • AI "challenges America to build vastly greater energy generation than we have today," the plan said.

Trump claims Obama ‘coup’ as Epstein questions mount

Washington, United States - President Donald Trump sought Tuesday to distract from the growing furor over his administration's handling of...
  • The accusations, delivered in the Oval Office, followed a surprise announcement that Trump's Department of Justice would question an imprisoned, key former assistant to Epstein
  • However, the show of transparency appeared to be part of a concerted effort by the White House and Trump's allies to quell speculation about the convicted sex offender

Trump announces ‘massive’ Japan trade deal including 15% tariff

US President Donald Trump announced Tuesday a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent...
  • Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month
  • So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners