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.

Thousands take part in pro-Palestinian march in London as police arrest 12

London, United Kingdom--Tens of thousands of pro-Palestinian protesters marched in London on Saturday, with police making 12 arrests for alleged offences...
  • Holding banners that said "ceasefire now", the demonstrators chanted "free Palestine" as they gathered at Park Lane
  • The city's Metropolitan Police said 12 people had been arrested, including two for displaying anti-Semitic placards

OpenAI valued at $80bn in new deal

With this deal, the value of the firm has tripled in 10 months.
  • The deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital
  • The tech firm led a revolution in artificial intelligence when it placed its ChatGPT program online in late 2022

UN court to weigh consequences of Israel occupation

The UN's top court will hold hearings on the legal consequences of Israel's occupation of Palestinian territories since 1967, with...
  • While any ICJ opinion would be non-binding, it comes amid mounting international legal pressure on Israel over the war in Gaza sparked by the brutal October 7 Hamas attacks.
  • The hearings are separate from a high-profile case brought by South Africa alleging that Israel is committing genocidal acts during the current Gaza offensive.

US threatens to block new UN Security Council vote on Gaza

Algeria has requested a UN Security Council vote on Tuesday, but Washington signaled it is likely to veto the measure....
  • Algeria worked on a new draft after the ICJ ruled that Israel must prevent genocidal acts in Gaza war
  • Security Council has adopted just two resolutions on Gaza since October 7

Afghanistan special envoys to meet in Doha

The UN has extended an invitation to the Taliban authorities to participate in the Doha convention, following their exclusion from...
  • The two-day meeting will discuss increasing engagement with Afghanistan and a more coordinated response to the Central Asian nation
  • UN's Working Group on Women, Peace and Security said the meeting IS an opportunity to reaffirm the rights of Afghan women are not negotiable

Prospects for Gaza truce ebb as Israel prepares to storm Rafah

Truce efforts intensified this week as Qatar and fellow mediators Egypt and the US scrambled to secure a ceasefire before...
  • Qatari PM said efforts for a truce were complicated by the insistence it involve releases of hostages
  • More people are still fleeing into Rafah, despite the risk of an imminent invasion

Not entering Rafah means losing war, says Netanyahu

Speaking at a televised news conference, Israel's Prime Minister Benjamin Netanyahu said that critics exhorting Israel not to lauch offensive...
  • Israel closest ally the US has implored it to hold off sending troops into Rafah
  • Negotiations have been going on in Cairo to try to broker a pause in the fighting

Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents

BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...
  • A lawyer for the company said that the legal action was "unlawful" and that they would seek to have the charges thrown out.
  • The Beirut judge has decided to prosecute "four senior Nissan officials" of Japanese, Spanish, French and British nationalities.

Iran unveils air defense systems amid rise in Middle East tensions

Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle...
  • "The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," local reports said.
  • The unveiling of the new weapons comes at a time of heightened regional tensions with the war between Israel and Tehran-backed Hamas raging into a fifth month.

Hamas chief says group seeks complete truce in Gaza

Palestinian Territories - Hamas chief Ismail Haniyeh on Saturday reiterated the group's demand of a complete ceasefire in Gaza, a...
  • In a statement issued on Saturday, Qatar-based Haniyeh reiterated the group's several demands, including an end to fighting in Gaza.
  • Haniyeh insisted that those displaced from the north be returned to their areas in the territory and also called for the release of Hamas prisoners.

Brazil greenlights oil drilling in Amazon region

President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with...

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Eyeing early release, prison inmates produce Bulgaria’s coveted dairy products

Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of...

US tariffs to kick in Aug 1 barring trade deals: Treasury Secretary

Washington, United States -- US tariffs will kick in on August 1 if trading partners from Taiwan to the European...

Hosting BRICS, Brazil’s Lula hits out at ‘genocide’ in Gaza

"We cannot remain indifferent to the genocide carried out by Israel in Gaza, the indiscriminate killing of innocent civilians and...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Gaza truce talks: Netanyahu says sending a team to Qatar after Hamas nod

But Netanyahu, who is due to meet with President Donald Trump in Washington on Monday, said the Palestinian group's proposals...
  • Trump has been making a renewed push to end nearly 21 months of war in Gaza, where the civil defense agency said 42 people were killed in Israeli military operations on Saturday.
  • Hamas said Friday it was ready "to engage immediately and seriously" in negotiations, and was sending its responses to the truce proposal.

Musk creates America Party to challenge US’s ‘one-party system’

The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...
  • Musk has clashed with Trump over the president's massive domestic spending plan, saying it would explode the US debt, and vowed to defeat lawmakers who voted for it.
  • Musk also shared a meme depicting a two-headed snake and the caption "End the Uniparty."

AI robots pluck weeds in California fields, make up for shortage of laborers

Los Banos, United States -- Oblivious to the punishing midday heat, a wheeled robot powered by the sun and infused...
  • As farms across the US face a shortage of laborers and weeds grow resistant to herbicides, startup Aigen says its robotic solution -- named Element -- can save farmers money.
  • Element the robot resembles a large table on wheels, solar panels on top. Metal arms equipped with small blades reach down to hoe between crop plants.