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 plan for post-war Gaza draws US criticism

The plan lays out that, even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza...
  • The new plan came after an Israeli delegation arrived in Paris hoping to "unblock" truce discussions
  • Netanyahu's plan envisages civil affairs in a post-war Gaza being run by Palestinian officials without links to Hamas

New Delhi confirms few Indians involved with Russian army

New Delhi, India - India's foreign ministry confirmed on Friday that some of the country's citizens had signed up for...
  • A newspaper reported on Wednesday that around 18 Indians were stranded in various border towns along the frontlines of Russia's war in Ukraine.
  • Its report alleged that Indians had been conned by Dubai-based recruiters with promises of high wages and a Russian passport.

Israel plans to allow local Palestinians administer post-war Gaza

"The plan states that Israel will move forward with its already-in-motion project to establish a security buffer zone on the...
  • The proposal, which Netanyahu submitted to his security cabinet late Thursday, would also see the Israeli army persisting in its war on Hamas until it achieves key goals.
  • Even after the war, the Israeli army would have "indefinite freedom" to operate throughout Gaza, according to the plan.

Expelled from France, imam vows to challenge decision in court

Soliman, Tunisia - A Tunisian imam expelled from France for alleged hate speech said on Friday he would take legal action...
  • Mahjoub Mahjoubi, from the town of Bagnols-sur-Ceze in the south of France, denounced his removal as "arbitrary"
  • He was expelled on the charges of giving a sermon that had "retrograde, intolerant and violent" image of Islam

American spaceship lands on moon, images expected soon

The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...
  • The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.
  • Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.

AI in focus as world’s biggest mobile fair gets underway in Spain

Barcelona, Spain - The world's biggest mobile phone fair throws open its doors in Barcelona Monday with the sector looking to...
  • Phone makers are expected to focus on the unique AI-powered tools of their latest handsets at the four-day Mobile World Congress in Barcelona
  • Telecoms operators will use the event to explore how AI can help improve their operations, from boosting security to providing better customer service

UAE removed from international money laundering grey list

Countries on the grey list have "strategic deficiencies" in their efforts to counter money laundering and terrorist financing but are...
  • More than 200 countries and jurisdictions have pledged to implement the recommendations of the FATF.
  • The FATF also repeated its condemnation of Russia for its invasion of Ukraine two years ago.

UAE to invest $35 billion to help solve currency crisis: Egypt PM

Madbouly said the investment would "contribute to resolving" a hard currency crunch which has threatened Egypt's ability to service its...
  • According to UAE's WAM agency, ADQ, an Abu Dhabi-based investment and holding company, has unveiled plans to invest US$35 billion in Egypt.
  • ADQ will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments by a private consortium.

Price of natural gas in Europe falls to a 3-year low

LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...
  • Gas reserves, which are usually drawn down during winter for heating, are at 64.7 percent of storage capacity on average in the European Union.
  • Gas prices soared in 2022 and into 2023 as Russia's invasion of Ukraine made EU countries limit consumption and diversify their sources of supply.

‘On edge of monumental disaster’: Israel hits southern Gaza

"I fear we are on the edge of a monumental disaster with grave implications for regional peace, security and human...
  • Israeli bombardment obliterated one house and left a gaping hole in the earth east of Rafah, on the border with Egypt, where about 1.4 million Gazans have converged.
  • Israel's bombardment of Gaza has killed at least 29,514 people, mostly women and children, according to the latest count by Gaza's health ministry.

Gold falls again as rally comes to halt, Asian markets drop

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt,...

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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...

Hamas agrees partial hostage release in ‘difficult’ truce talks after Qatar-brokered indirect talks

The group's statement came after four days of indirect talks brokered by Qatar and as the United States signalled its...

Cricket’s Indian Premier League value surges to $18.5 bn: report

New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Nvidia tops $4 trillion as US stocks shrug off latest tariffs

After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
  • But stocks pushed higher nonetheless, with Nvidia jumping 2.5 percent to top $4 trillion in market capitalization on investor bullishness over Artificial Intelligence (AI) growth.
  • Briefing.com analyst Patrick O'Hare said investors are not "overly concerned" about Trump's latest tariff threats.

Syrian designer Rami Al Ali to make history at Paris Couture Week

Paris, France -- As well as being optimistic about the future of his war-ravaged country, Rami Al Ali has other...
  • After studying in Damascus, Al Ali left for Dubai as a young man in search of opportunities in the fashion industry, working initially for two regional brands.
  • He branched out on his own in 2001, building a regional fanbase for his eponymous brand from the United Arab Emirates before creating a following in Europe.

Iran nuclear programme ‘very delayed’ by strikes: French intel chief

Iran's nuclear programme has been "very, very delayed" by US and Israeli strikes, France's foreign intelligence chief said on Tuesday,...
  • US President Donald Trump has insisted that Iran's key nuclear facilities were "obliterated" in last month's air strikes, angrily bashing assessments to the contrary
  • Asked how much the strikes had delayed Iran's nuclear programme, Nicolas Lerner, head of the DGSE French spy agency, said: "Undeniably various months, certainly."