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.

Israel destroys home of Palestinian accused of killing settlers

Israel routinely demolishes the homes of Palestinians accused of carrying out attacks, arguing that such measures act as a deterrent, while critics say it...
  • The apartment of Moaz al-Masry, who was killed by Israeli forces following the April 7 attack, was demolished in the early hours
  • Masry, along with two others, was accused of shooting dead Israeli settler Leah Dee and her daughters Maia and Rina

UN says ‘delusional conspiracy theories’ behind global violence

Geneva, Switzerland - The pernicious "'great replacement' conspiracy theories" spreading in many countries are "delusional" and racist and are directly spurring...
  • United Nations High Commissioner for Human Rights Volker Turk also took aim at the "war on woke", which he stressed was "really a war on inclusion"
  • Turk insisted that racially mixed and multicultural societies were not something to fear but should be seen as a benefit to people everywhere

China’s annual political conclave starts as economy sputters

Proceedings kick off Monday at 3:00 pm with the opening ceremony of China's People's Political Consultative Conference (CPPCC), which will...
  • Armed police are ubiquitous on Beijing streets as delegates arrive for the gathering
  • The meetings are not expected to see the unveiling of big-ticket bailouts

Swiss central bank posts 2023 loss

The bank has raised its interest rates to tame inflation..
  • SNB said it recorded a loss of 8.5 billion francs on national currency positions last year, following a loss of one billion francs in 2022
  • The bank made a profit of four billion francs on foreign currency positions following a loss of 131.5 billion francs in the previous year

Turkey’s inflation rises to 67.1% in February

On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan...
  • The Turkish central bank held its key interest rate at 45 percent last month, pausing after eight straight increases aimed at taming consumer prices
  • Inflation remains a pressing issue for President Recep Tayyip Erdogan's government ahead of local elections in March

SpaceX blasts off to ISS with US, Russia astronauts on board

Just minutes after the launch, as the rocket soared over the Atlantic, it was moving at a speed of 6,000...
  • SpaceX Falcon 9 rocket lifted off at 10:53 pm (0353 GMT Monday) from the Kennedy Space Center, lighting up the night sky with a long, bright plume of orange flame
  • Endeavour, the capsule that carried the three men and one woman into orbit, has already been launched four times by Elon Musk's SpaceX

Australian media hits back as Facebook scraps news deals

Meta said on Friday it would scrap the Facebook News tab in Australia and would not renew deals with news...
  • News Corp Australasia executive chairman Michael Miller said Meta's decision put hundreds of jobs at risk and would expose Australians to more scams and misinformation
  • "Australia must not surrender its leadership in being a country that is prepared to stand up to tech giants," he said in comments to one of the company's newspapers

US Vice President calls for ‘immediate ceasefire’ in Gaza

Taking an unusually sharp tone, Harris demanded Israel "do more to significantly increase the flow of aid" into Gaza, where...
  • Kamala Harris's comments on Sunday came as Washington led a push to lock in a truce before Ramadan
  • According to a senior US official, Israel has broadly accepted the terms of proposal to pause the five-month-old war

Tunisians take to streets to protest economic woes

Head of Tunisia's trade union confederation Noureddine Taboubi said in a speech to protestors that the economic and social situation...
  • He said the state's ability to service its foreign debt had been to the detriment of the people
  • The Tunisian sluggish economy posted growth of 0.4% and an unemployment rate of 16.4% in 2023

Gaza truce talks in Cairo as heavy fighting rages

An Israeli siege on Gaza has sparked UN warnings of famine, and France's foreign ministry said Israel is "clearly responsible"...
  • Envoys from the United States, Qatar and Hamas arrived in Cairo, Egyptian state-linked media reported Sunday, the latest effort towards a six-week truce
  • But sticking points remained, including a Hamas demand that Israeli forces entirely withdraw from the Gaza Strip after almost five months of devastating war

Rubio seeks quick deployment of international Gaza force

He confirmed that Israel would enjoy vetoes on the force composition, amid reports Israel has objected to participation by Turkey.

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Syria says agreement reached to halt military operations in Sweida

Syria said a new ceasefire reached on Wednesday in the Druze-majority city of Sweida will bring a complete halt to...

‘Strong argument’ for video in cockpit: IATA chief

Singapore, Singapore -- There is a "strong argument" for putting video cameras in airline cockpits to assist in accident investigations,...

Summit on Palestinian statehood planned for Sept in Paris or New York

The conference, co-chaired by France and Saudi Arabia, was originally planned for mid-June to revive work on the long-standing diplomatic...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel launches strikes in Syria’s Druze area in defence of religious minority

Israel has sought to portray itself as a defender of the community, while also warning the Syrian government against maintaining...
  • Damascus deployed troops to the area after clashes between Druze fighters and Bedouin tribes killed many people, with Syria's defence minister declaring a truce in Sweida city
  • Residents, however, told AFP the announcement had little discernible effect on the ground, accusing government troops and their allies of rampaging through Druze neighbourhoods

Trump says any ‘credible’ Epstein files should be released

President Donald Trump said Tuesday the US Justice Department should release all "credible" information from its probe into notorious sex...
  • Trump is facing the most serious split of his political career from his famously loyal right-wing base over suspicions that his administration is hiding details of Epstein's crimes
  • Trump's latest comments mark a softening of his stance -- he had voiced frustration in the Oval Office and online about his supporters' fixation on Epstein, urging them to move on

Divided EU leaves action against Israel on Gaza ‘on table,’ if humanitarian situation does not improve

The measures range from suspending the entire accord or curbing trade ties to sanctioning Israeli ministers, imposing an arms embargo...
  • EU foreign policy chief Kallas has put forward 10 potential options after Israel was found to have breached a cooperation deal between the two sides on human rights grounds
  • The measures range from suspending the entire accord or curbing trade ties to sanctioning Israeli ministers, imposing an arms embargo and halting visa-free travel