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.

Lebanese media says four Hizbollah fighters killed in Israeli strike

Beirut, Lebanon - Four Hizbollah fighters were killed overnight in southern Lebanon, the Iran-backed movement announced on Thursday, in what Lebanese...
  • A source close to Hizbollah said that the four were killed in Naqura near the Israeli border.
  • Hizbollah leader Hassan Nasrallah warned Israel in a speech against starting a war in Lebanon.

Private sector funding key to climate transition: World Bank

The World Bank raised its target for climate-related projects from 35% of its annual financing to 45%. Given that the...
  • On Wednesday, Banga repeated a previous pledge to "fix the plumbing" of World Bank
  • World Bank estimated that developing countries will need an average of $2.4trn each year

Gaza zoo bears scars of war as animals die of starvation

Rafah, Palestinian Territories--Hunger is everywhere at Rafah zoo, in Gaza's far south, as internally displaced Palestinians seek shelter from the war...
  • The WHO has warned of the risk of famine and disease as only a minimal amount of aid enters the Gaza Strip
  • The zoo keeper said one lioness gave birth and the cubs died soon afterwards as there was no proper food for them

US imam shot outside New Jersey mosque dies

The Essex County prosecutor, Ted Stephens, confirmed Hassan Sharif was shot more than once, and that "it does not appear...
  • Hassan Sharif was shot multiple times near a mosque in Newark, just west of New York, before being taken to hospital where he later died, New Jersey Attorney General said
  • United States Transportation Security Administration (TSA) earlier confirmed that Sharif had worked as a security screener at Newark airport since 2016

Oil prices jump, stocks slump after Iran blasts

"Heightened tensions in the Middle East following a bomb blast at a ceremony honouring a slain general in Iran have...
  • Oil prices spiked more than three percent after twin bomb blasts ripped through a crowd commemorating Revolutionary Guards general Qasem Soleimani
  • Equities were also under pressure as investors worried that the stocks rally in the final months of 2023, on hopes of interest rate cuts in 2024, may have gone too far

Iran blames Israel, US for deadly blasts near grave of Guards general Soleimani

The two explosions -- labelled a "terrorist attack" by state media and regional authorities -- came amid high Middle East...
  • Iran's supreme leader Ayatollah Ali Khamenei blamed "evil and criminal enemies" of the country for the attack and vowed a "harsh response"
  • Iran ally Hamas denounced the "criminal attack" while the Saudi foreign ministry in Riyadh voiced "solidarity with Iran in this painful event"

Sharp-shooting Al-Attiyah takes aim at sixth Dakar title

A 425-strong colorful caravanserai made up of cars, bikes, quads and trucks sets out from Al-Ula on a treacherous 4,900-mile...
  • Al-Attiyah took bronze at the 2012 London Olympics, and in September added two medals at Asian Games
  • He first mastered the Dakar in 2011 in a Volkswagen, winning the 2015 edition in a Mini

Telefonica to cut 3,421 jobs

The layoffs will reduce costs for the Spanish company.
  • The layoffs will happen during the first quarter of 2024 and will mainly involve employees who are 56 years or older
  • The Spanish company employs about 16,500 people in its home country, while its global workforce is over 100,000

Revealed: Epstein’s 150 high-profile connections

The unsealing of around 1,000 pages of documents stems from a defamation lawsuit between Ghislaine Maxwell and Virginia Giuffre, offering...
  • Notably included in the unsealed documents, which include almost 1,000 pages of depositions and statements, were former US presidents Bill Clinton and Donald Trump
  • The list of around 150 people include a host of Epstein associates previously identified as John or Jane Does in a lawsuit brought against Epstein's former mistress, Ghislaine Maxw

US top diplomat to leave on new Middle East crisis trip

Antony Blinken will leave Washington on Thursday evening on a trip that will include Israel, marking his fourth trip to...
  • An Israeli strike killed a top Hamas leader in Lebanon, raising fears of a wider war
  • The Biden administration has backed Israel both with public and diplomatic support

Israel, Hamas agree to first phase of peace plan: To include release of hostages, aid into Gaza

In a dramatic moment, AFP journalists saw US Secretary of State Marco Rubio interrupt an event at the White House...

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UN to vote on calling for unconditional Gaza ceasefire

Like the text blocked by Washington to protect its Israeli allies, the draft resolution before the General Assembly calls for...

The most eye-catching products at Vivatech fair

For humans, spotting the difference between a Lacoste polo shirt and a fake sporting the brand's crocodile logo can be...

Israel urges Egypt to block Gaza-bound activist convoys

Israel's defence minister on Wednesday called on Egypt to block two pro-Palestinian activist convoys planning to head to Egypt's Rafah...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Iran says to target US bases if conflict breaks out

"All its bases are within our reach, we have access to them, and without hesitation we will target all of...
  • Tehran and Washington have held five rounds of talks since April to thrash out a new nuclear deal to replace the 2015 accord
  • Since returning to office in January, Trump has revived his "maximum pressure" campaign on Tehran, backing nuclear diplomacy but warning of military action

Turkey to export 48 fighter jets to Indonesia, deal valued at 10 billion dollars

Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues.
  • Turkey's defence sector, including the famous Bayraktar drones, accounts for a significant share of the country's export revenues
  • The contract, valued at 10 billion dollars, includes the production and delivery of the Kaan fighter jets to Indonesia over a ten-year period

Nvidia marks Paris tech fair with Europe AI push

Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...
  • Nvidia boss Jensen Huang also lso announced a multi-billion-dollar partnership with French AI champion Mistral AI.
  • The US firm's tie-up with Mistral will see the companies build a cloud computing platform powered by 18,000 of Nvidia's "Blackwell" high-end chips worth billions.