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.

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...

SpaceX Crew-7 returns after six-month mission on Space Station

Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early...
  • Led by US astronaut Jasmin Moghbeli, who was making her first spaceflight, NASA's Crew-7 arrived at the research platform last Aug aboard the SpaceX Crew Dragon.
  • The capsule was retrieved from the sea less than half an hour after splashdown, with the crew waving to the recovery team as they opened the hatch

US consumer inflation in Feb up as Federal Reserve mulls rate cut

The annual consumer price index (CPI) came in at 3.2 percent last month, the Labor Department said, while the "core"...
  • The annual consumer price index (CPI) came in at 3.2 percent last month, while the "core" measure stripping out volatile food and energy prices edged down slightly to 3.8 percent.
  • "The index for shelter rose in February, as did the index for gasoline," the department said, both contributed more than 60% of the monthly increase for the overall index.

Qatar says Israel and Hamas are ‘not near a deal’ on Gaza truce

"We are not near a deal, meaning that we are not seeing both sides converging on language that can resolve...
  • All parties were "continuing to work in the negotiations to reach a deal hopefully within the confines of Ramadan", Ansari told a news conference.
  • Qatar previously mediated a one-week break in fighting in late November that led to the release of scores of Israeli and foreign hostages.

Hizbollah says launched over 100 rockets at Israeli positions

Hamas ally Hizbollah and Israel have exchanged near-daily cross-border fire since the Gaza war erupted in October, but several Israeli...
  • On Monday, Israeli air strikes near Lebanon's eastern city of Baalbek killed one person, in the second raid on the Hizbollah stronghold since cross-border hostilities began
  • The Israeli military confirmed its jets had hit two sites belonging to "Hizbollah's aerial forces" in retaliation for strikes on the occupied Golan Heights over several days

Ronaldo’s Al Nassr dumped out of Asian Champions League quarters

Beaten 1-0 in the first leg in the United Arab Emirates, Ronaldo took the quarter-final to penalties when he held...
  • Ronaldo was the only Al Nassr player to score in the shootout as his Saudi side went out 3-1 on penalties, the tie having ended 4-4 on aggregate
  • It was a frustrating night for the former Manchester United and Real Madrid forward, who missed a sitter from three yards with the goal gaping in normal time in Riyadh

Microsoft to train Philippine women in AI

It will partner with local schools to provide the training.
  • In a statement, Philippine Trade Undersecretary Rafaelita Aldaba said the training could "help to bolster cybersecurity and trust in tech adoption"
  • Microsoft said it would roll out an AI-powered reading progress tool for around 27 million Philippine students, in partnership with Philippine education department

US hits targets in Yemen as Houthis vow to step up attacks

The Houthis claimed responsibility for the attack on the Pinocchio in a statement early Tuesday, maintaining the missile strike "was...
  • CENTCOM said that the strikes were carried out after the Houthis fired two missiles
  • Houthis said the attacks would be "in support of the oppressed Palestinian people"

Xiaomi announces release date for EV

It will be its first foray into the electric vehicle sector.
  • The Beijing-based firm announced in 2021 its planned foray into the electric vehicle sector
  • The announcement was accompanied by a photo of the new vehicle, first unveiled in December

Indian troops begin Maldives pullout after quit order

Following talks with New Delhi, the two sides had agreed to complete a withdrawal of 89 Indian troops and their...
  • The Mihaaru newspaper reported that 25 Indian troops deployed in the southernmost atoll of Addu had left the archipelago ahead of March 10
  • President Mohamed Muizzu came to power in September on a pledge to kick out Indian security personnel deployed in the Maldives

Gazans break fast without ‘joy of Ramadan’ as Israel-Hamas war grinds on

With the flow of food and other assistance slowed to a trickle, a UN report citing the territory's Hamas-run health...
  • Aid groups have been warning of the risk of famine in Gaza for weeks, and the UN has reported particular difficulty in accessing the territory's north for deliveries of food
  • UN Secretary-General Antonio Guterres called Monday for "silencing the guns" during the Muslim holy month and said he was "appalled and outraged that conflict is continuing."

Nigeria refinery aims to be world’s biggest with expansion

Lagos, Nigeria -- Nigeria's Dangote oil refinery, already the largest in Africa, aims to become the biggest in the world...

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Western nations call for immediate end to Gaza war as Israel expands offensive

"The suffering of civilians in Gaza has reached new depths," the signatories, including Britain, France, Australia, Canada and 21 other...

UNRWA says some Gaza staff starving as malnutrition soars

UNRWA said that shortages in the Palestinian territory had caused food prices to increase by 40 times, while the aid...

Trump and Epstein: What was the relationship between the two like?

Washington, United States - Donald Trump's past ties with Jeffrey Epstein are under scrutiny after the US president slammed a...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iranians told to use less water as heatwave worsens shortages

Tehran, Iran - Iranian authorities have urged residents to limit water consumption as the country grapples with severe shortages amid...
  • Water scarcity is a major issue in Iran, particularly in arid provinces in the country's south
  • On Saturday, the national meteorological service said Iran was experiencing its hottest week of the year so far

Iran says replaced air defence systems damaged during 12-day war with Israel

Iran's air defence network includes systems like the domestically built Bavar-373 and Khordad-15, designed to counter missiles and aircraft, in...
  • Israel launched an unprecedented surprise bombing campaign against Iran in mid-June, prompting Tehran to respond with drone and missile attacks
  • Israel's strikes dealt a significant blow to the Islamic republic's air defences, which were repeatedly activated in the capital Tehran and across the country throughout the war

Thousands in Morocco call for end to Gaza war, normalization deal with Israel

Rabat, Morocco -- Tens of thousands of Moroccans demonstrated Sunday in the capital Rabat against the dire humanitarian situation in...
  • Protesters gathered in the city center, brandishing Palestinian flags and placards calling for the free flow of aid to the war-ravaged Palestinian territory.
  • "It's a disgrace, Gaza is under fire", "Lift the blockade", "Morocco, Palestine, one people" and "no to normalization", chanted the demonstrators.