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.

Netanyahu approach to Gaza war ‘hurting’ Israel, says Biden

With Gaza's humanitarian crisis growing more dire and Biden's left flank in uproar, the US president made contradictory remarks as...
  • Israel's retaliatory operations in Gaza have killed more than 30,800 people,
  • Biden was evasive Saturday on the possibility of a new trip to Israel

Israel slams Canada, Sweden for resumption of UNRWA funding

Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended...
  • Supporting UNRWA, which has been central to humanitarian efforts in the war-ravaged Gaza Strip, was a "serious mistake", the Israeli foreign ministry said in a statement
  • The renewed aid, according to the Israeli statement, showed that Canada and Sweden had chosen "to ignore the involvement of UNRWA employees in terrorist activity

Aramco profit down in 2023

The oil giant posted a 24.7% fall in net profit to US$121.25bn.
  • Aramco said the decline reflects the impact of lower crude oil prices and lower volumes sold
  • Saudi Arabia said last week it was extending its oil supply cuts of one million bpd through June

CIA, Mossad chiefs meet to ‘advance’ hostage release deal

Israeli military spokesman Daniel Hagari said Israel was preparing for "all possible operational scenarios" during Ramadan, and that it plans...
  • Benjamin Netanyahu's office said Mossad chief met Friday with the head of the CIA
  • Israel did not send a delegation to the latest round of truce talks in Cairo

Israelis demand Netanyahu ouster and hostage release

With t-shirts and banners featuring the names and pictures of hostages seized during Hamas's October 7 attack, the crowd demanded...
  • Some protesters called for an immediate ceasefire, a position the government has rejected
  • A protestor said Netanyahu's government "cannot stay in power" after the October 7 attack

Lufthansa cabin crews to go on strike

The announcement came after the airline's record profits.
  • The strike will cover flights out of Frankfurt on Tuesday and from Munich on Wednesday, with Lufthansa's subsidiary CityLine also affected
  • The latest walkout began last Thursday, with Lufthansa ground staff staging a nationwide two-day strike after a previous walkout in February

Israeli strike on a Lebanon house kills five, wounds nine

Lebanon's official National News Agency said the Israeli strike on a house in the Khirbet Selm area killed a family...
  • The attack destroyed the house, wounding at least nine others who lived nearby
  • A Lebanese couple and their son were killed in an Israeli strike on Tuesday

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...
  • The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.
  • However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.

Aid boat ready to set sail from Cyprus for Gaza

A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...
  • The UN has repeatedly warned of looming famine, particularly in the Palestinian territory's north where no overland border crossings are open.
  • With ground access limited, countries have also turned to airdropping aid, although a parachute malfunction turned one delivery on Friday deadly.

High inflation leaves Nigeria struggling ahead of Ramadan

Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...
  • With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families
  • The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

Mamdani in touching distance of becoming NY mayor

New York, United States -- An unknown local lawmaker just a few months ago, leftist Zohran Mamdani has burst onto...

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Thai wildlife hospital treats Sunbears, elephants

Edwin Wiek founded Wildlife Friends Foundation Thailand (WFFT) facility in 2001 with two macaques and a gibbon. It now spans...

Restoring sea floor after mining may not be possible, researchers warn

Kingston, Jamaica -- Scientists present at the latest effort to hash out international rules for deep-sea mining say it's unclear...

Ceasefire order fails to halt fighting in Syria’s Druze heartland

Sweida, Syria - Syrian Bedouin and their allies fought Druze fighters in the community's Sweida heartland for a seventh day...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkey parliament passes contentious mining legislation

Turkey's parliament on Saturday passed a controversial bill that opens certain agricultural lands including olive groves to mining activities, local...
  • The bill, part of a broader package proposed by President Recep Tayyip Erdogan's ruling AKP party, sparked protests from opposition parties and environmental groups
  • Farmers from across Turkey have gathered outside parliament over the past two weeks, urging the government to withdraw the draft, with some starting a hunger strike this week

Trump sues Murdoch, newspaper over Epstein sex bombshell

Washington, United States - US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at...
  • The defamation lawsuit, filed in federal court in Miami, saw the 79-year-old Republican hitting back at a scandal threatening to cause serious political damage
  • The Journal reported Thursday that in 2003, the then-real estate magnate wrote a birthday letter to Epstein, illustrated with a naked woman and alluding to a shared "secret."

New clashes rock Syria’s Druze heartland as tribal fighters reinforce Bedouin

Armed tribes supported by Syria's Islamist-led government clashed with Druze fighters in the community's Sweida heartland on Friday, a day...
  • The United Nations called for an end to the "bloodshed" and demanded an "independent" investigation of the violence, which has claimed nearly 600 lives since Sunday
  • It was Sharaa who ordered government forces to pull out, saying that mediation by the United States and others had helped avert a "large-scale escalation" with Israel