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.

Higher prices boost Coca-Cola sales despite Middle East hit

Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...
  • Revenues for the soda giant rose seven percent from the year-ago level to $10.9 billion, reflecting a two percent rise in volumes and nine percent increase in price/mix
  • The ongoing conflict in the Middle East dented volume growth by about one point in the fourth quarter, said Chief Financial Officer John Murphy

Saboteurs hit Iran pipelines disrupting gas supply: state media

The saboteurs hit pipelines in the cities of Borujen in the southwestern province of Chaharmahal and Bakhtiari, and Safashahr in...
  • State media reported that the sabotage had disrupted gas supplies in at least three provinces -- North Khorasan in the northeast, Lorestan in the west and Zanjan in the northwest
  • No group claimed responsibility for the attacks and Iran did not immediately apportion blame, although Iran has generally blamed Israel for similar acts of sabotage in the past

Sony hikes net profit forecast

It now predicts full-year net profit to touch US$6.1 billion.
  • The conglomerate now predicts full-year net profit of $6.1 billion
  • Sony also announced it would spin off its financial services division

Hamas heads to Cairo truce talks as Rafah braces for Israeli assault

CIA Director William Burns had joined Tuesday's talks with David Barnea, head of Israel's Mossad intelligence service, which Egyptian media...
  • A Hamas source told AFP that a delegation was headed to the Egyptian capital to meet Egyptian and Qatari mediators, after Israeli negotiators held talks with the mediators Tuesday
  • Turkish President Recep Tayyip Erdogan, an outspoken critic of Israel's conduct of the Gaza war, was also due in Cairo Wednesday for talks with President Abdel Fattah al-Sisi.

Israeli delegation departs Cairo after truce talks: media

The UN and many governments across the world have expressed alarm about the possible civilian toll of an Israeli assault...
  • An official in Israeli PM's office said the Israeli delegation was on its way back from Cairo
  • An Egyptian official told media that the talks will continue for another three days

AI giants to unveil pact to fight political deepfakes

The idea comes as big tech companies are under considerable pressure over fears that AI-powered applications could be misused in...
  • Currently under negotiation by the companies, this so-called "accord" on deepfakes and other dangerous content is set to be announced during the Munich Security conference
  • According to the Washington Post, the companies will agree to develop ways to identify, label and control AI-generated images, videos and audio that aim to deceive voters

Al Jazeera condemns Israel ‘targeting’ Gaza journalists

Reporter Ismail Abu Omar's life is at risk and cameraman Ahmad Matar was severely wounded when the pair were hit...
  • Reporter Ismail Abu Omar's right leg was blown off in the drone strike, while doctors were trying to save the left one, Al Jazeera said, quoting an emergency physician
  • US, Israel's vital ally, offered its "sincere condolences" over the injuries and noted that they were not the first Al Jazeera journalists harmed during the conflict

Israel army shows video it says is of Hamas’s Yahya Sinwar in tunnel

It was unclear from the footage where the tunnel was located, but in recent weeks the Israeli military has pounded...
  • Israel accuses Sinwar of masterminding the unprecedented October 7 attack on Israel that triggered the conflict
  • Army spokesman Daniel Hagari said Israeli troops had uncovered the video in a security camera during an operation in a tunnel

Boeing expects Q1 hit from MAX troubles

The airline backs intensified oversight from the FAA.
  • The company said it will support oversight from the Federal Aviation Administration after a near-catastrophic Alaska Airlines incident
  • The Federal Aviation Administration grounded more than 170 MAX 9 planes for about three weeks. after the Alaska Airlines emergency

EU excuses Apple and Microsoft products from tougher tech curbs

Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...
  • "We thank the Commission for agreeing with us that iMessage should not be designated under the DMA (Digital Markets Act)," an Apple spokesperson said
  • The EU has built a powerful legal arsenal to take on the internet giants, including the DMA and its sister milestone law, the Digital Services Act (DSA)

Trump says Gaza ceasefire still in force after Israeli strikes, suggests Hamas leadership didn’t violate truce

Asked by reporters whether the truce was still in effect, Trump said: "Yeah, it is". The US president, who helped...

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Over 500 killed around US and Israel-backed aid distributions in Gaza: UN

The United Nations and major aid groups have refused to cooperate with the Israel-backed Gaza Humanitarian Foundation over concerns it was designed...

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Israel opposition chief discusses Gaza truce with UAE FM

Jerusalem, Undefined -- Israel's opposition leader said Friday he met with the United Arab Emirates foreign minister in Abu Dhabi...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Russia becomes first country to recognise Taliban

Afghanistan's government said on Thursday that Russia had become the first country to officially recognise its rule, calling it a...
  • The announcement came after a meeting between Afghanistan's Foreign Minister Amir Khan Muttaqi and Russia's ambassador to Afghanistan, Dmitry Zhirnov, in Kabul
  • Moscow's special representative for Afghanistan, Zamir Kabulov, told the Russia's state news agency Ria Novosti that the government had "recognised" the Taliban government

Trump says ‘didn’t make any progress’ with Putin on ending Ukraine war

US President Donald Trump said he made no progress with Vladimir Putin on ending the Ukraine war in a call...
  • Trump's grim assessment came as US-led peace talks on ending the more than three-year-old conflict in Ukraine have stalled, and after the US paused some weapons shipments to Kyiv
  • "It was a pretty long call, we talked about a lot of things including Iran, and we also talked about the war with Ukraine. And I'm not happy about that," Trump told reporters

73 Palestinians killed in Gaza as Netanyahu vows to recover hostages amid escalated strikes

Netanyahu has come under strong pressure to get the hostages back after US President Donald Trump said Israel had agreed...
  • Netanyahu has come under strong pressure to get the hostages back after US President Donald Trump said Israel had agreed to a 60-day ceasefire with Palestinian militant group Hamas
  • Israel has recently expanded its military operations in the Gaza Strip, where its war has created dire humanitarian conditions and displaced nearly all of the its population