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.

UN chief to meet donor nations after UNRWA accusations

Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the...
  • UNRWA said it acted promptly over allegations but that cuts in funding will affect ordinary Palestinians
  • In Gaza people said the support they received from the agency amounted to a lifeline

Qatar says Gaza truce proposal to be sent to Hamas as war rages on

Sheikh Mohammed confirmed that the framework -- which he said might lead to a permanent ceasefire -- includes a phased...
  • Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said "good progress" had been made and the parties were "hoping to relay this proposal to Hamas
  • Israeli Prime Minister Benjamin Netanyahu's office has called the Paris talks "constructive" but pointed to "significant gaps which the parties will continue to discuss"

Saudi Aramco halts plan to raise production capacity

Tuesday's announcement was not expected to have an immediate effect on production or exports. After a series of oil supply...
  • Riyadh announced the planned production capacity increase in October 2021, the same month it pledged to achieve net zero carbon emissions by 2060
  • That applies to emissions that are produced directly by Aramco's industrial sites, but not the CO2 produced when clients burn Saudi oil in their cars

Toyota sells record number of vehicles in 2023

It is the world's top automaker for the fourth year in a row.
  • The automaker consolidated its position as the world's top-selling automaker for the fourth successive year
  • Toyota said that by next year it plans to have an electrified version for every Toyota and Lexus model globally

We want complete ceasefire, not temporary truce: Hamas

Taher al-Nunu, a senior Hamas official, said his group wanted a "complete and comprehensive ceasefire, and not a temporary truce."...
  • Extensive talks in Paris had resulted in a framework for a phased truce
  • The framework would see women and children hostages released first

Hong Kong court orders liquidation of China’s Evergrande

Evergrande's demise has been closely watched as it was once a pillar of China's economy, with the construction and property...
  • The order kickstarts a long process that should see Evergrande's offshore assets liquidated and its management replaced
  • The company's executive director vowed the Hong Kong court's decision would not impact its operations domestically

Israeli troops bulldoze, desecrate Palestinian graves in Gaza

Palestinian Territories - Even the dead are not spared by the Hamas-Israel war raging in Gaza, with bodies dug up...
  • In Gaza City's Al-Tuffah district, shrouded corpses of Palestinians torn from their graves lay atop muddied earth.
  • Israel's military had bulldozed the site and exhumed bodies, according to an AFP photographer who visited it.

WHO urges limiting trans fat across the world

Geneva, Switzerland - The World Health Organization said on Monday that nearly half the world's population was now covered by solid...
  • The WHO appealed in 2018 for industrially produced fatty acids in foods to be eliminated worldwide by 2023, amid evidence they caused 500,000 premature deaths every year
  • 53 countries covering 46 percent of the world's population are now implementing best practice policies on the toxic substance -- up from 11 countries and six percent in 2018

Residents of Gaza lament suspension of UN agency funding

Gazans lamented the suspension of funding to the UN agency for Palestinian refugees by several donor countries after Israel charged...
  • Several countries, including the United States, France, Britain, Germany and Japan, have announced the suspension of further funding to the agency.
  • In Rafah, where 1.5 million displaced people have taken refuge, Gazans said that the support they received from the agency amounted to a lifeline.

Toyota to suspend shipments of 10 models due to testing irregularities

Tokyo, Japan - Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at...
  • The affiliate, Toyota Industries, did not conduct proper horsepower output testing for the certification of three diesel engine models, the parent group said
  • Toyota Industries said in a separate statement that its workers adjusted the fuel injection amounts to make the data "better-looking"

Israel returns 45 Palestinian bodies to Gaza authorities

Under the deal pushed by US President Donald Trump and aimed at ending the two-year Gaza war, Israel was to...

Company News

Latest News

US hits back at accounts Iran moved enriched uranium before bombing

Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...

Israeli commandos operated in Iran during 12-day war: military

The war erupted on June 13 when Israel launched a surprise bombing campaign that it said aimed to stop Iran...

Hezbollah hails Iran’s ‘divine victory’ over Israel

Lebanese militant group Hezbollah on Wednesday hailed what it called its ally Iran's victory over Israel after 12 days of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Iran lawmakers back suspending cooperation with UN nuclear watchdog

Tehran, Iran -- Iranian lawmakers voted Wednesday in favor of suspending cooperation with the United Nations' atomic energy watchdog, state...
  • The decision still requires the approval of the Guardian Council, a body empowered to vet legislation.
  • Should it be ratified, Ghalibaf said "the Atomic Energy Organization of Iran will suspend its cooperation with the IAEA until the security of the nuclear facilities is guaranteed".

James Webb Telescope captures first direct image of exoplanet TWA 7b

The telescope, which can see farther into the universe than anything before it, has turbocharged the search for planets beyond...
  • The discovery of exoplanet TWA 7b, revealed in a study in the journal Nature, "represents a first for the telescope", France's CNRS research center said in a statement.
  • Most of the nearly 6,000 exoplanets found so far have been identified from the light they blot out when they pass in front of their star, rather than from direct images of planet.

Trump sees ‘progress’ on Gaza, raising hopes for ceasefire

"I think great progress is being made on Gaza," Trump said, adding that his special envoy Steve Witkoff had told...
  • Key mediator Qatar announced Tuesday that it would launch a new push for a ceasefire, with Hamas on Wednesday saying talks had stepped up.
  • Gaza's civil defense agency, meanwhile, said Wednesday that Israeli fire killed another 35 people, including six who were waiting for aid.