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.

Private US lunar lander mission imperiled by technical snag

Washington, United States -- An historic private mission to land on the Moon was facing potential failure Monday due to...
  • Astrobotic's Peregrine Lunar Lander blasted off overnight from Florida's Cape Canaveral, then successfully separated from its launch vehicle around an hour later.
  • But teams at ground control found they were unable to point the unmanned spacecraft correctly at the sun.

A short history of the Boeing 737 MAX

The plane, which suffered a dramatic blowout of a fuselage panel during a flight over the US state of Oregon,...
  • Boeing begins developing the MAX in August 2011 to try to catch up with European rival Airbus in the lucrative market for single-aisle planes used on short and medium-haul flights.
  • Airbus had been swamped with orders since launching a new version of its A320 model offering fuel savings of up to 20 percent -- the A320 Neo -- a year earlier.

Rolls-Royce makes record deliveries

It delivered 6,032 cars in 2023, the highest in its 119-year history.
  • The United States was the group's biggest market in 2023, followed by China.
  • The emblematic British car brand became part of German auto giant BMW in 1998.

Hizbollah commander killed as Blinken seeks Gaza de-escalation

On his fourth regional trip since the war began, US Secretary of State Antony Blinken arrived in Saudi Arabia after...
  • His meeting with Saudi Crown Prince was set to touch on the potential of normalization of ties between Saudi Arabia and Israel after Gaza crisis stalled the prospects
  • Palestinian president Mahmud Abbas was in Cairo to meet President Abdel Fattah al-Sisi of Egypt, a mediator in the conflict

Vinfast to build EV factory in India

It is part of the company's planned US$2bn investment.
  • According to a VinFast statement, the facility will be in the southern state of Tamil Nadu
  • In August last year, the firm listed on the Nasdaq as its valuation skyrocketed and then crashed

Two Gaza journalists killed in Israeli strike: Al Jazeera

Witnesses told AFP that two rockets were fired at the car -- one hit the front of the vehicle and...
  • Hamza Wael Dahdouh and Mustafa Thuria were killed while they were "on their way to carry out their duty"
  • The Committee to Protect Journalists says at least 79 journalists have been killed in Gaza

Bangladesh’s Hasina wins fifth term in power

The prime minister has presided over breakneck economic growth, but her government has been accused of a ruthless opposition crackdown....
  • "The Awami League has won the election," said Moniruzzaman Talukder, of the Election Commission
  • BNP head Tarique Rahman called the result "a disgrace to the democratic aspirations of Bangladesh"

China’s Evergrande says head of EV arm detained

At the time of its establishment in 2019, Evergrande NEV said it aimed to become the world's leading manufacturer of...
  • Once China's biggest real estate developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of the nation's years-long property
  • The firm's electric vehicle arm NEV said Monday that Liu Yongzhuo - listed on its website as its president - had "been detained in accordance with the law on suspicion of illegal

Honda to set up EV plant in Canada

The plant is estimated to cost Honda US$14 billion.
  • the project would represent one of the multinational firm's biggest investments ever
  • Honda said that it is "considering a number of initiatives as we move into the electrified era"

UK-Palestinian surgeon fights for ‘justice’ after Gaza return

Ghassan Abu Sitta -- born in Kuwait and who has lived in Britain since the late 1980s -- arrived in...
  • Ghassan Abu Sitta, a plastic surgeon specializing in conflict injuries, spent 43 days volunteering in the besieged Palestinian territory, mostly at the al-Ahli and Shifa hospitals
  • The 54-year-old has already testified to the Met about the injuries he saw and the kinds of weapons used, as part of evidence being gathered for an IIC probe

Top conservation group meets in UAE on growing threats to nature

Abu Dhabi, United Arab Emirates -- The world's top conservation body kicked off its world congress Thursday in the Emirati...

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UN conference on Palestinian statehood delayed: Macron

Paris, France - French President Emmanuel Macron said on Friday that next week's UN conference on a two-state solution for...

Activists marching to Gaza say were stopped in Libya, Egypt

Pro-Palestinian activists seeking to march to Gaza with the stated aim of breaking Israel's blockade on the territory were stopped...

US judge extends detention of pro-Palestinian protest leader

Pro-Palestinian student protest leader Mahmoud Khalil remained in US detention Friday despite an expected release, his lawyer said, following reported...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Nations advance ocean protection, vow to defend seabed

UN Ocean Conference wrapped up Friday with world leaders taking major steps toward marine protection and vowing a showdown when...
  • The summit was just the third -- and largest yet -- dedicated entirely to what the United Nations calls an "emergency" in the world's oceans.
  • More than 60 heads of state and government joined thousands of business leaders, scientists and environmental campaigners over five days in the southern city of Nice.

Iran calls Israeli strikes ‘declaration of war’ amid international calls for restraint

Trump warns Tehran that the "next planned attacks" will be "even more brutal" and said Iran should cut a deal...
  • Top brass killed included the head of Iran's Revolutionary Guards, Hossein Salami, and the chief of staff of its armed forces, Mohammad Bagheri.
  • Trump said Israel fully informed him of its raids ahead of time, but insisted the United States was not involved.

Picasso on a plate: unseen ceramics up for auction in Geneva

Geneva, Switzerland -- A clutch of one-off and hitherto unseen ceramic plates and dishes by Pablo Picasso are going under...
  • Emblematic motifs from Picasso's artistic universe -- pigeons, fish, a goat, a bull, and a bird adorn the colorful plates and dishes.
  • Picasso was one of the most influential artists of the 20th century. The prolific Spanish painter died in 1973, aged 91.