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.

Africa’s largest mosque inaugurated officially in Algeria’s capital

The vast mosque, which can hold 120,000 worshippers, first opened for prayers in October 2020, but President Abdelmadjid Tebboune was...
  • It also boasts the world's tallest minaret -- 267 meters (875 feet) -- fitted with elevators and a viewing platform that looks out over the capital and the Bay of Algiers.
  • The mosque's interior, in Andalusian style, is decorated in wood, marble and alabaster. The mega-project cost more than $800 million dollars and took seven years to build.

Hawkish economic approach on China has bipartisan support in US, say analysts

WASHINGTON, US  - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards...
  • Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher.
  • Biden has largely maintained Trump-era tariffs, rolled out export control restrictions to curtail China's ability to buy and make certain high-end chips.

Qatar to ramp up gas output with new mega field expansion

At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...
  • The expansion, will add a further 16 million tons of LNG per year to existing expansion plans
  • Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia

Trump notches up another win in race for Republican nomination

Trump completed a sweep of the first four major nominating contests, converting a year of blockbuster polls into a likely...
  • US president Joe Biden reacted to the South Carolina result with a brief written statement warning Americans of "the threat Donald Trump poses to US future"
  • Trump had won Iowa by 30 points and New Hampshire by 10, while a dispute in Nevada led to the real estate tycoon running unopposed in the first official contest in western US

G7 vows more Russia sanctions after virtual talks on Ukraine

In a statement after the meeting, which Ukrainian President Volodymyr Zelensky also attended, the leaders vowed to "raise the cost"...
  • G7 expressed concern about the transfer by Chinese businesses of weapon components
  • The group demanded that Russia "fully clarify the circumstances" around the death of Alexei Navalny

Sudan economy falls victim to war between rival generals

With most banks out of service, the only exchange rate that matters to ordinary Sudanese is on the black market,...
  • The finance ministry of Sudan recently raised the exchange rate for imports and exports from 650 Sudanese pounds to 950
  • The World Bank in September said widespread destruction has set the country's development back by several decades

US and UK launch fresh strikes against Houthis

The new wave of strikes "specifically targeted 18 Houthi targets across eight locations in Yemen" including weapons storage facilities, attack...
  • The US also carried out unilateral strikes against Houthi positions and weaponry in Yemen
  • The operation comes after several merchant vessels were struck this week in the region

Israeli negotiators to arrive in Qatar for hostage talks

According to local media reports, the country's war cabinet endorsed the decision to dispatch negotiators to Qatar to continue talks...
  • A top Israeli official said there is room to "move toward an agreement"
  • Nearly 250 hostages were taken by Hamas fighters, of whom 130 are still in Gaza

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
  • Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks.
  • On the right-wing GB News channel, Anderson claimed Islamists had "got control" of Khan, who was the first Muslim mayor of London.

US lunar landing a ‘historic achievement’, says Biden

Washington, US - President Joe Biden on Saturday hailed the landing of a US spacecraft on the Moon as a historic...
  • Odysseus, which is the size of a large golf cart, is likely lying sideways on the Moon's surface as ground controllers work to download data.
  • Biden called the landing "a thrilling step forward in a new era of space exploration" enabled by cooperation between the private and public sectors.

ICJ says Israel obliged to allow aid into Gaza as Turkey, Qatar move to protect truce

The ICJ ruling came as aid groups scrambled to scale up much-needed humanitarian assistance into Gaza, seizing upon a fragile...

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European Union says Israel has agreed to ‘expand’ Gaza aid access

"This deal means more crossings open, aid and food trucks entering Gaza, repair of vital infrastructure and protection of aid...

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...

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Syria rejects federalism, calls on Kurdistan forces to join army ranks

Syria reiterated its rejection of federalism on Wednesday following a meeting with a Kurdish military official, calling on Kurdish forces...
  • The Kurds, who control vast swathes of territory in Syria's north, including oil and gas fields, have demanded a decentralised system of governance
  • A Syrian government source told the official Alekhbariah television channel on Wednesday that Damascus remained committed to "the principle of 'One Syria, One Army, One Government'

Israeli army says intercepted missile launched from Yemen

The Israeli army said early Thursday it had intercepted a missile launched from Yemen, days after carrying out strikes on...
  • "Following the sirens that sounded a short while ago in several areas in Israel, a missile that was launched from Yemen was intercepted," the army wrote on social media platform X
  • The Huthis said Monday that they boarded and sank another vessel, the Magic Seas, because its owner had done business with Israel and used its ports

Israel’s Bedouin communities use solar energy to stake claim to land

Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin (also spelled Tarabin) Bedouin tribe, who signed a...
  • Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin Bedouin tribe, who signed a contract with an Israeli solar energy company to build the installation
  • The deal has helped provide jobs for the community as well as promote cleaner, cheaper energy for the country, as the power produced is pumped into the national grid