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.

UNRWA chief says Israel wants to destroy agency

Geneva, Switzerland - Israel is waging a concerted campaign aimed at destroying UNRWA, the head of the UN agency for Palestinian...
  • "Right now we are dealing with an expanded, concerted campaign by Israel aimed at destroying UNRWA," he told the Swiss newspaper group Tamedia
  • Israel has called for Lazzarini to step down following claims that a Hamas tunnel had been discovered under its evacuated Gaza City headquarters.

Pakistan official admits being part of election rigging

Islamabad, Pakistan - A senior bureaucrat said on Saturday he helped rig Pakistan's elections, a week after polls marred by allegations...
  • Liaqat Ali Chattha, commissioner of the garrison city of Rawalpindi, said he would hand himself over to police.
  • "We converted the losers into winners, reversing margins of 70,000 votes in 13 national assembly seats," he said.

Fear pervades West Bank hospital after deadly Israeli raid

Jenin, Palestinian Territories - A climate of fear pervades a hospital in the occupied West Bank city of Jenin, where patients...
  • At the rehabilitation ward at Jenin's Ibn Sina hospital, two patients recalled hearing the screams of a nurse as Israeli forces reached the third floor.
  • Such an attack "creates fear and is dangerous for health workers and patients", said Rik Peeperkorn, the UN agency's envoy for the Palestinian territories.

Tech giants sign pact against AI-made political deepfakes

Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...
  • Among the 20 signatories of the deal, presented on the sidelines of the Munich Security Conference in Germany, were also X, as well as Snap, Adobe and Linkedin
  • The tech companies also said they would also work together to develop ways to "detect and address" deceptive election material on their platforms

WTO chief insists global trade body still counts

WTO members' trade ministers have their biennial meeting in Abu Dhabi from February 26-29, at which they could put the...
  • World Trade Organization is hoping for results from its 13th ministerial meeting in Abu Dhabi, particularly on fishing, agriculture and electronic commerce
  • WTO chief said the meeting to be tough due to the "economic and political headwinds", from Ukraine war, the attacks in the Red Sea and economic difficulties in Europe and China

Coups, conflicts and crises confront African summit

Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head Moussa Faki Mahamat voiced alarm at...
  • Gabon and Niger will be absent from the summit following their suspension over coups last year -- joining Mali, Guinea, Sudan and Burkina Faso, which are also barred
  • Beyond Africa, the Israel-Hamas conflict in Gaza is a hot topic, with African Union Commission head Moussa Faki Mahamat describing it as a "war of extermination."

Missile attack targets ship off Yemen: security agencies

Friday's strike came as a US decision in January to redesignate the Houthis as "terrorists" formally came into force. The...
  • US State Department spokesperson said a missile fired from Yemen "struck the port side of the India-bound, Panamanian-flagged MT Pollux, which was carrying crude oil
  • Security firm Ambrey said the Panama-flagged tanker "sustained minor damage" in the missile strike northwest of the Yemeni coastal city of Mokha

Gaza health ministry: 5 die in Israeli-raided hospital after oxygen cut

Five patients from the intensive care unit had died "as a result of the stopping of generators that caused a...
  • The Israeli army said Thursday it had launched a "precise" operation in the hospital after receiving "credible intelligence" to suggest hostages had been held inside
  • Medical charity Doctors Without Borders said on Thursday that shelling of the Nasser hospital had forced its staff to flee, leaving patients behind

EDF’s net profit is $10.8bn

EDF cut its large debt by increasing nuclear production.
  • Sales slipped 2.6 percent to 139.7 billion euros, but the group managed to slice debt by 10 billion euros to 54.4 billion
  • EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns

Asian markets rally after Wall Street highs, oil prices slide

"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...
  • Wall Street had leapt Thursday after the US Commerce Department reported a larger-than-expected 0.8-percent decline in retail sales for January
  • London equities also jumped as investors drew comfort from a contrasting January rebound in UK retail sales, one day after gloomy news that Britain entered recession

Southern EU countries call for ‘immediate release’ of Gaza aid

Countries of the so-called MED9 group -- Croatia, Cyprus, France, Greece, Italy, Malta, Portugal, Slovenia and Spain -- met on...

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BRICS nations voice ‘serious concerns’ over Trump tariffs

Rio de Janeiro, Brazil -- BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Turkey opens Spotify probe after ‘provocative playlist’ complaint

Istanbul, Turkey - Turkey's competition authority has launched an investigation into Spotify for anti-competitive practices as a deputy minister demanded...
  • The Turkey's competition authority said the probe would seek to establish whether Spotify gave more visibility to some artists and engaged in unfair practices
  • In a statement, Spotify, which launched in Turkey in 2013, said its operations complied with "all applicable laws" but it would cooperate with the investigation

Britain reestablishes full Syria ties as FM David Lammy visits Damascus

In 2011, Britain was among the first countries to acknowledge rebel groups as the official Syrian government after then-president Bashar...
  • In 2011, Britain was among the first countries to acknowledge rebel groups as the official Syrian government after then-president Assad's crushing of pro-democracy protests
  • Assad was ultimately toppled in December after more than 13 years of fighting by a rebel offensive led by Sharaa, now Syria's interim president

Hamas says ready to start Gaza ceasefire talks ‘immediately’ on US-sponsored proposal

"The movement is ready to engage immediately and seriously in a cycle of negotiations on the mechanism to put in...
  • "The movement is ready to engage immediately in a cycle of negotiations on the mechanism to put in place" the US-backed truce proposal," Hamas said
  • Trump has been making a renewed push to end nearly 21 months of war in Gaza, where the civil defence agency said 35 people were killed in Israeli military operations on Saturday