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.

Germany ready to sell Eurofighter jets to Saudi Arabia: minister

"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists...
  • Annalena Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out
  • "The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that," she added

Japan quake death toll jumps to 161, 103 missing

According to authorities in the central Ishikawa region hit by the 7.5-magnitude quake, the number of people unaccounted for fell...
  • The rescue work is being complicated by roads cut off by the quake and landslides.
  • Around 20,700 households in the wider Ishikawa region remain without electricity

Libya declares ‘force majeure’ at major oilfield amid protests

Tripoli, Libya -- Libya's state-owned energy firm said on Sunday it had declared a state of "force majeure" at Al-Sharara oilfield...
  • Declaring "force majeure" allows parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible.
  • The NOC did not elaborate on the protesters' demands but said "negotiations are ongoing to resume production as soon as possible".

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

Gaza war rages into fourth month as Blinken tours Middle East

Jordan's king urged Blinken to push for a ceasefire in Gaza and an end to the humanitarian crisis brought by...
  • Outside Jordan's capital, ahead of Blinken's visit to a World Food Programme aid warehouse, senior UN official Sheri Ritsema-Anderson described Gaza situation as "epic catastrophe"
  • Israeli airstrikes overnight and early Sunday killed at least 64 people, including two journalists, in the devastated territory, the health ministry said.

Six Palestinians killed in Israeli raid in West Bank

The official Palestinian news agency Wafa reported early Sunday that a major deployment of Israeli forces was under way in...
  • A PA official said that Israeli bombardment on a group of citizens killed six people in Jenin
  • At least 327 Palestinians have been killed in the West Bank since the conflict broke out

UK announces Europe’s first high-tech uranium fuel plant

HALEU fuel is needed to power many of the next generation of advanced nuclear reactors, including so-called small modular versions...
  • UK government said it would invest $382 million building a high-assay low-enriched uranium programme that would help "displace" Moscow from global energy mar
  • The British investment is part of plans to deliver up to 24 gigawatts of electricity from nuclear power by 2050, a quarter of the United Kingdom's electricity needs

Palestinians rebury bodies exhumed from Gaza cemetery

The footage from the cemetery in Al-Tuffah neighbourhood in Gaza City showed bodies wrapped in bags and laid out on...
  • Hamas on Saturday accused the Israeli military of "destroying 1,100 graves"
  • Israeli brutal bombardment in Gaza has killed at least 22,722 people

US military shoots down another drone over Red Sea

The Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza....
  • Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea
  • The rebels have launched more than 100 drone and missile strikes in Red Sea

Hamas command structure ‘dismantled’ in north Gaza: Israel

The army spokesman told reporters that its forces dismantled "the Hamas military framework in the northern Gaza Strip" and that...
  • Israeli PM said his government had directed the army to "eliminate Hamas"
  • He said the war should not stop until Israel has achieved "all of the goals"

Hungary’s ‘master of the apocalypse’ Krasznahorkai wins literature Nobel

Stockholm, Sweden -- The Nobel Prize for Literature was on Thursday awarded to Laszlo Krasznahorkai considered by many as Hungary's...

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Iran fires back at Israel after onslaught targets nuclear facilities

Air raids sirens and explosions rang out across Israel after Prime Minister Benjamin Netanyahu took to the airwaves to warn...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi Arabia and Qatar to host Asian playoffs for World Cup: AFC

Kuala Lumpur, Malaysia -- Saudi Arabia and Qatar will host the Asian qualifying playoffs for the 2026 World Cup, the...
  • Six teams, the third and fourth-placed sides from the recent Asian qualifiers, namely Indonesia, Iraq, Oman, Qatar, Saudi Arabia and UAE will be divided into two groups of 3 teams.
  • They will battle each other in a centralized format from October 8 to 14, 2025, the AFC said in a statement.

Nuclear states spent $100 billion on atomic arsenals in 2024, say ICAN

ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion...
  • ICAN said Britain, China, France, India, Israel, North Korea, Pakistan, Russia and the United States together spent nearly $10 billion more than in 2023
  • The United States spent $56.8 billion in 2024, followed by China at $12.5 billion and Britain at $10.4 billion, ICAN said in its flagship annual report

US still wants talks with Iran on Sunday: US official

Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a...
  • The official had no further information on whether Iran had agreed to the talks
  • Oman had earlier planned talks Sunday involving Steve Witkoff, President Donald Trump's friend