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.

Ex-Amazon economist to head Turkey’s central bank

Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate...
  • Fatih Karahan's appointment follows the resignation of Hafize Gaye Erkan after less than a year in office over a media scandal involving her family
  • The reshuffle appears to keep in place Erdogan's newfound commitment to market economics following years of financial turmoil

US retaliatory strikes hit Iran-linked targets in Syria, Iraq

"The United States does not seek conflict in the Middle East or anywhere else in the world. But let all...
  • The United States did not strike the Iran's territory seeking to deter future attacks while stopping short of all-out war with Tehran
  • US NSC spokesman John Kirby told journalists that the strikes lasted about 30 minutes though they involved a lengthy trip for the B-1 bombers

EU gives accent to landmark rules on artificial intelligence

Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
  • Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot ChatGPT exploded onto the scene.
  • EU ambassadors finally signed off on the text during a meeting Friday in Brussels, after French and German concerns were assuaged.

Jordan defeats Tajikistan to reach first Asian Cup semi-final

DOHA, QATAR - Jordan set up a semi-final against South Korea or Australia after ending Tajikistan's fairytale Asian Cup run with...

Iraq’s pro-Iran Al-Nujaba group to continue attacks on US troops

"Any (US) strike will result in an appropriate response," Al-Nujaba leader Akram al-Kaabi said in a statement, adding the group...
  • Al-Nujaba movement forms part of the Islamic Resistance in Iraq, an alliance of Iran-backed armed groups that the US has blamed for last weekend's deadly drone attack
  • Another of the alliance's factions, Kataeb Hezbollah (the Hezbollah Brigades), announced earlier this week that it was suspending its attacks on US forces in Iraq and Syria

Most markets advance after tech titans fuel Wall Street surge

Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report...
  • Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report results after the market closed
  • Wall Street's main indices -- the Dow, the tech-heavy Nasdaq and the broad-based S&P 500 -- had tumbled on Wednesday after the Fed's disappointing rate signal

China economic slowdown to continue for the next four years, says IMF

BEIJING, CHINA - China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging...
  • The world's second-largest economy last year saw some of its slowest growth in decades
  • A debt crisis in the property sector added to geopolitical tensions and weakening global demand.

Iranian adviser among three killed in Israeli strikes on Syria

The targets included a site operated by Lebanese group Hezbollah on a road leading to the Sayyida Zeinab district and...
  • The Syrian Observatory for Human Rights said "three members of pro-Iran groups, including an Iranian and an Iraqi" were killed in "Israeli air strikes".
  • Iran's Mehr news agency said an Iranian adviser from the Islamic Revolutionary Guard Corps, Saeed Alidadi, was killed in the strikes

UN estimates at least 17,000 Gaza children separated from parents

"Each one has a heartbreaking story of loss and grief," said Jonathan Crickx, spokesman for the UN children's agency UNICEF...
  • Before the conflict erupted, UNICEF estimated that more than 500,000 children in the Gaza Strip needed mental health and psycho-social support.
  • Now it believes that "almost all children are in need" of such help -- more than one million children, said Jonathan Crickx, spokesman UNICEF in the Palestinian territories.

Hosts Qatar embrace ‘positive pressure’ of Asian Cup title defense

Doha, Qatar -- Qatar coach Tintin Marquez said Friday they relish the "positive pressure" of trying to retain their Asian Cup...
  • The hosts and holders won all three of their games in the group phase without conceding a goal and then defeated Palestine 2-1 in the last 16.
  • Qatar face Uzbekistan on Saturday in front of what is expected to be a packed crowd at the 68,000-capacity Al Bayt Stadium outside Doha.

Trump speaks with Putin ahead of Zelensky visit

Donald Trump held a crucial phone call with Russian leader Vladimir Putin Thursday, a day before Ukraine's Volodymyr Zelensky meets...

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Iran extends access to airspace for overflights after ceasefire

Iran has expanded access to its airspace for international overflights following a ceasefire with Israel, though flight restrictions remain in...

Qatar urges Israel, Hamas to seize ‘window of opportunity’ for Gaza truce

US President Donald Trump voiced optimism on Friday about a new ceasefire in Gaza saying an agreement involving Israel and...

Putin says Russia, Ukraine peace proposals “absolute contradictory”

Russian President Vladimir Putin said Friday that Russia and Ukraine's demands for peace were "absolutely contradictory", after two rounds of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel FM says world has ‘obligation’ to stop Iran getting nuclear bomb

Israel's foreign minister said Friday the world was obliged to stop Iran developing an atomic bomb, days after Israel claimed...
  • "Israel acted at the last possible moment against an imminent threat against it, the region and the international community," Gideon Saar wrote on X
  • The conflict erupted on June 13 when Israel launched a bombing campaign that it said aimed to stop Iran from developing a nuclear weapon - an ambition Iran has consistently denied

Iran says IAEA chief request to visit bombed sites suggests ‘malign intent’

Iran on Friday rejected a request by UN nuclear watchdog chief Rafael Grossi to visit facilities bombed by Israel and...
  • IAEA director general "Grossi's insistence on visiting the bombed sites under the pretext of safeguards is meaningless, Iranian foreign minister said
  • Araghchi again hit out at Grossi personally for not speaking out against the Israeli and US strikes on Iran's nuclear facilities, describing it as " betrayal of his duties."

China’s Xiaomi receives almost 300,000 SUV pre-orders in minutes

Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...
  • Xiaomi's Hong Kong-listed shares soared eight percent at one point before paring their gains but ending at a record high.
  • The Beijing-based commercial tech giant made its first foray into car-making with its SU7 EV model last year, part of a broader industry push to boost domestic consumption.