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.

US warship downs incoming missile fired from Yemen: Military

Washington, United States -- A US Navy warship shot down a missile Friday that was fired at it by Yemen's Iran-backed...
  • Several shipping firms have diverted from the Red Sea, instead taking the longer and more expensive route around the Cape of Good Hope in South Africa.
  • Maritime monitoring agencies meanwhile said two missiles exploded in waters south of Yemen on Friday, though it was unclear if those reports were related to the incident.

Apple to make changes to App Store in Europe

iPhone users can download alternative app stores.
  • The changes expected to take place in March will curtail the dominance of the App Store
  • The company said on Thursday the Digital Markets Act has created "privacy and security risks"

South Africa’s genocide case against Israel explained

At this stage, the ICJ is only deciding whether to impose emergency orders on Israel ("provisional measures" in the court's...
  • South Africa has asked the ICJ to impose nine orders on Israel, including to immediately suspend military activity and to enable more humanitarian access to Gaza.
  • The court could order all nine of the orders, none of them, or even make up its own completely different orders.

UN court says Israel must prevent genocidal acts in Gaza

The top UN court said Israel should do everything it could to prevent any acts of genocide in the Gaza...
  • South Africa brought the case before the ICJ, saying Israel violated the UN Genocide Convention.
  • The court rulings are binding on all parties, but it has no mechanism to enforce them.

Son faces Saudis, Palestine make history in Asian Cup last 16

The knockout phase begins on Sunday when Australia play Indonesia, followed the same day by the United Arab Emirates against...
  • The tournament has been whittled down from 24 teams to 16 but trying to predict who lifts the trophy on February 10 looks more difficult than ever
  • Japan came to Qatar as favourites and looking to win the title for a record-extending fifth time, but they reached the knockout phase as only runners-up in their group behind Iraq

Indians queue for Israel jobs as war in Gaza rages

India's urban unemployment rate -- the percentage of people wanting work who cannot find a job -- dipped to 5.1...
  • Recruiters are aiming to fill a labour shortage in Israel exacerbated by nearly four months of fighting against Palestinian fighters in Gaza
  • For the hundreds of Indians in line, almost all men, the chance of a skilled construction job in Israel - and wages up to 18 times higher - outweighs their fears

Alaska Airlines to take US$150m hit

It grounded the Boeing 737 MAX after in-flight safety episode.
  • The airline's financial hit is the latest ripple effect from the episode, which prompted regulators to ground 171 MAX 9 planes
  • With 65 planes affected by the grounding, Alaska Airlines expects to bring the jets back into service beginning Friday

CIA chief heading to Europe for Gaza negotiations: US media

According to Axios, Israel has offered Hamas a two-month pause in fighting in Gaza in exchange for the release of...

French court censures parts of controversial immigration law

PARIS, FRANCE - France's top constitutional authority on Thursday rejected parts of a controversial immigration bill adopted under pressure from the...
  • The bill is a flagship reform of President Macron's second term but its text, hardened under pressure from the right, caused a revolt among ruling party's lawmakers.
  • Around a quarter of the 251 lawmakers in Macron's camp voted against the bill or abstained, and several left-wing ministers have registered their opposition to the bill.

US economy defy expectations to grow stronger in Q4 2023

Washington, US - US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering...
  • The US economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a resilient jobs market and consumer spending, the Commerce Department said
  • The fourth quarter GDP jump "reflected increases in consumer spending, exports, state and local government spending" and other areas, it added

Wed by app: Abu Dhabi launches virtual marriage for all

Dubai, United Arab Emirates -- Couples from anywhere in the world can now get married using the Abu Dhabi government's...

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Pro-Palestinian protest leader details 104 days spent in US custody

Mahmoud Khalil, one of the most prominent leaders of pro-Palestinian protests on US campuses, recounted his experience surviving 104 days...

NATO summit seeks to keep Trump happy – and alliance united

From meeting his spending demand to limiting the participation of Ukraine's President Volodymyr Zelensky, everything is being done to try...

‘Unidentified’ drone hits Baghdad base: Iraq security officials

An "unidentified" drone struck a military base in Baghdad early Tuesday while another fell in the west of the capital,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iranian ballistic missiles target US base in Qatar, the largest in Middle East

No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran....

EU seeks Gaza progress after Israel found in breach of cooperation deal

Brussels, Belgium -- The EU said Monday that Israel must improve the humanitarian situation in Gaza or else face possible...
  • The European Union's top diplomat, Kaja Kallas, said the bloc hopes to use a review of the EU-Israel Association Agreement to pressure Israel to ease suffering in Gaza.
  • The bloc last month launched an audit of the EU-Israel deal, which forms the basis for trade ties, under one of its articles calling for respect of human rights.

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
  • They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.
  • Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.