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.

Markets track Wall St rally but China worries cast shadow

Broader markets were also enjoying a day in the sun though traders struggled to maintain the morning's momentum. Tokyo put...
  • US data points on inflation and jobs, and comments from central bank officials have combined with growing geopolitical tensions to drag equities in January
  • In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week

China exhorts end of ‘harassment’ of civilian vessels in Red Sea

Beijing, China--China called for an end to "harassment" of civilian vessels in the Red Sea on Friday after attacks on ships by...
  • Urging an end to the Houthi attacks, China said the area was an important trade route for goods and energy
  • Many shipping companies are bypassing the crucial trade artery, causing delays along international trade routes

Israel’s Gaza offensive breaches international law: UN expert

Francesca Albanese, an Italian lawyer who is the UN special rapporteur on the Palestinian territories, told a Madrid news conference...
  • Albanese said that most Gaza hospitals have been closed, bombed or taken over by the army
  • She said that 1,000 kids were amputated without anaesthesia in the first two months of the war

IEA says oil production to rise but demand to be halved in 2024

Paris, France - World oil supply will continue to rise this year, the International Energy Agency said on Thursday, as it...
  • Much of the slowing demand has mirrored falling demand for post-pandemic travel demand in China, which drives much of the world's oil demand growth.
  • IEA added the world's oil supply will continue to grow due to "record-setting output" from the United States, Brazil, Guyana and Canada.

English player Henderson all set to leave Al-Ettifaq

Riyadh, Saudi Arabia - Jordan Henderson has moved a step closer to ending his much-criticized spell with Saudi club Al-Ettifaq by...
  • The 33-year-old England midfielder has been with the Saudi club for just six months since leaving Liverpool
  • Of all the high-profile players to move to the Saudi Premier League, Henderson arguably attracted the most criticism

WHO weighs up AI risks and benefits for healthcare

Geneva, Switzerland - Generative artificial intelligence could transform healthcare through things like drug development and more rapid diagnoses, but the World...
  • The WHO has been examining the potential dangers and benefits posed by AI large multi-modal models (LMMs), which are relatively new and are quickly being adopted in health.
  • LMMs are a type of generative AI which can use multiple types of data input, and generate outputs that are not limited to the type of data fed into the algorithm

Turkish club send Israeli player to Maccabi Tel Aviv after Gaza controversy

ISTANBUL, TURKEY -  Turkish first division club Basaksekir on Thursday sent Israeli midfielder Eden Karzev on loan to Maccabi Tel Aviv following...
  • The Istanbul side launched disciplinary proceedings against Eden Karzev after the defensive midfielder shared a message about the hostages..
  • The probe came the same day Israeli footballer Sagiv Jehezkel was charged with incitement to hatred for displaying a message on the Gaza war.

Akasa Air orders 150 Boeing planes

Akasa Air will buy 737 MAX planes, which no Indian airline uses.
  • Akasa Air chief said the 'historic' order would put the firm on the path to "becoming one of the top 30 leading airlines in the world"
  • Akasa has been a strong Boeing backer, having ordered 72 aircraft in 2021, and another four in 2023

Afif helps Qatar exorcise World Cup demons at Asian Cup

Doha, Qatar - Asian Cup hosts and holders Qatar have been on a mission to banish the painful memory of their...
  • Qatar lost all three of their World Cup games on home soil on their way to a first-round exit just over a year ago, the worst record of any host in the competition's history
  • But it's been a different story at the Asian Cup -- albeit after only two games against moderate opposition -- and Tintin Marquez's side are the first to reach the knockout rounds

Google CEO says more layoffs are likely this year

SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine...
  • Google laid off around 12,000 people this time last year, about six percent of its workforce, in the face of inflation and rising interest rates.
  • The company confirmed it is eliminating "a few hundred" positions from its global ad team, amid a push to use AI for efficiency and creativity.

Hamas will not govern post-war Gaza: Hamas source close to negotiating committee

Doha, Qatar -- A Hamas source close to the group's negotiating committee told AFP on Sunday that it will not...

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US envoy says Hezbollah involvement in Iran-Israel war would be ‘very bad decision’

The US special envoy for Syria Tom Barrack warned Lebanese militant group Hezbollah on Thursday against getting involved in the...

Iran appoints new Revolutionary Guards intelligence chief

Major General Mohammad Pakpour, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the...

US military aircraft no longer visible at base in Qatar: satellite images

Dozens of US military aircraft are no longer on the tarmac at a major US base in Qatar, satellite images...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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2,000-year-old Roman wall paintings unearthed

The plaster, which was discovered on a construction site in 2021, once decorated around 20 internal walls of a high-status...
  • The plaster was found dumped in a large pit, having been smashed into thousands of pieces during Roman demolition works that took place before AD 2000.
  • MOLA Senior Building Material Specialist Han Li has spent the last three months laying out the fragments and reconstructing the designs.

Trade war worsens foreign investment outlook: UNCTAD World Investment Report

Presenting the annual report at a press conference, UNCTAD chief Rebeca Grynspan said it contained a "clear and urgent" message...
  • After two consecutive years of decline, the FDI outlook for 2025 remains negative due to uncertainties triggered by the tariff war waged by Trump, the UNCTAD said.
  • UNCTAD said that when adjusted to strip out volatile financial flows through several European economies, FDI fell by 11% last year to $1.5 trillion.

21 Palestinians waiting for aid among 72 killed by Israeli forces in Gaza

Civil defense spokesman Mahmud Bassal told AFP that six people were killed while waiting for aid in the southern Gaza...
  • In northern Gaza, Bassal said that nine separate Israeli strikes killed another 51 people, updating earlier tolls provided by his agency.
  • At least 300 Palestinians have been killed in recent weeks while trying to reach aid distribution points in Gaza, which is suffering from famine-like conditions.