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.

Global trade system ‘at risk of derailment’: UN chief

Geneva, Switzerland -- The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiraling debt,...

Qatar ruler to arrive in Paris for discussions on Gaza

The gas-rich country has emerged as the key player in mediation between Israel and Hamas to agree a truce in...
  • It will be his first state visit to France since he became emir of the hugely influential emirate in 2013
  • The discussions between the two leaders will focus on "ongoing efforts to obtain a ceasefire in Gaza"

Disney and India’s Reliance to merge

The merger will create a powerful entertainment giant.
  • The report of the deal comes as billionaire tycoon Mukesh Ambani readies to host Disney chief Robert Iger on March 1 for his son's wedding
  • The deal is expected to see the media unit of Reliance and its affiliates hold at least a 61% stake in the merged entity, with Disney holding the rest

Alcoa to buy Alumina in all-stock deal

The US aluminum producer will buy Alumina for US$2.2bn.
  • Alcoa will offer 0.02854 of its own stock for each Alumina share, a 13 percent premium to the Australian group's Friday closing price
  • Alumina shareholders would own 31.25 percent and Alcoa shareholders would own 68.75 percent of the combined company

US airman dead after self-immolating outside Israeli embassy

The shocking act was an escalation of recent protests across the United States against Israel's actions in Gaza. Washington last...
  • US media reported that the man livestreamed himself on Twitch, wearing fatigues and declaring he will "not be complicit in genocide" before dousing himself in liquid
  • The man lit himself on fire while yelling "Free Palestine!" until he fell on the ground, he was transported to hospital with "critical life threatening injuries", officials said

Majority of WTO members sign investment deal for development

The deal aims to facilitate "the flow of foreign direct investment... particularly to developing and least-developed" countries with the aim...
  • The Investment Facilitation for Development (IFD) Agreement, signed by 75 percent of the WTO's members, would require full consensus before it could be formally incorporated
  • Despite broad backing, some members may still oppose its integration into the WTO, including India, which typically objects to agreements that do not cover all countries

WTO convenes ministers in UAE with slim hopes for breakthrough

The World Trade Organization's 13th ministerial conference (MC13), scheduled to run until Thursday in Abu Dhabi, the capital of the...

Gaza deal won’t affect Israel’s Hizbollah fight: Gallant

Negotiations have been underway to strike a possible deal for Hamas to release hostages and pause the fighting in the...
  • Gallant said he would assess how Israel was combating increased Hizbollah activity
  • 10 Israeli soldiers and six civilians have been killed in the north since October 7

WTO launches US$50m fund for women entrepreneurs in developing countries

ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...
  • The director general of WTO said the "ground-breaking initiative... embodies our collective commitment to empower women".
  • The fund will help businesses run by women in developing countries to adopt digital technologies and increase their online presence.

Body of Israeli soldier killed in Hamas attack held in Gaza, say campaigners

JERUSALEM - An Israeli soldier seized by Hamas fighters during their October 7 attack was killed the same day and...
  • During the October 7 attack, Palestinian fighters abducted around 250 Israelis and foreigners to the Gaza Strip.
  • Around 130 are still held captive there. This includes 31 who are believed dead, among them six soldiers.

US says talks came to ‘understanding’ on possible Gaza truce

"Representatives of Israel, the United States, Egypt, and Qatar met in Paris and came to an understanding among the four...
  • "That work is underway. And we hope that in the coming days, we can drive to a point where there is actually a firm and final agreement on this issue."
  • Negotiations for a ceasefire have resumed in Doha between the four countries, as well as Hamas representatives, state-linked Egyptian media reported Sunday.

Global trade system ‘at risk of derailment’: UN chief

Geneva, Switzerland -- The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiraling debt,...

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Two months after ending struggle against Turkey, Kurdish PKK fighters to begin disarming at key ceremony

Founded in the late 1970s by Abdullah Ocalan, the PKK took up arms in 1984, beginning a string of bloody...

Israel PM wants Hamas to give up arms for lasting end to war in Gaza

Netanyahu said the Islamist militants must first give up their weapons and their hold on the Palestinian territory, warning that...

Rebooted and ‘vulnerable’: Superman is back on screens

Paris, France - A rebooted Superman is flying into cinemas around the world this week, with critics mostly positive about...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

The $10 mn bag: Original Birkin smashes records at Paris auction

Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...
  • The modern design classic, owned by a Paris-based handbag collector, sparked a telephone bidding war up to seven million euros, with the final sale price set at 8.58 million.
  • The final buyer, who eclipsed eight other rivals, was a "private collector from Japan", the auction house added, without giving further details.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Demand for crude will continue to expand through 2050, says OPEC

In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
  • That rising demand will be "driven by expanding economic growth, rising populations, increasing urbanization, and the new energy-intensive industries like AI.
  • The IEA said last month that it expects global oil demand begin to decline in 2030, driven by the rise of electric cars and the shift away from crude to produce power.