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.

Asia stocks track global losses as traders step back after rally

Hong Kong, China - Asian markets fell Wednesday in line with a sell-off across most of the world as traders took...
  • On Wall Street, the Nasdaq slumped 1.6 percent and the S&P 500 was also in the red, though the Dow enjoyed a small gain
  • And the negative mood continued in Asia, where Hong Kong, Sydney, Seoul and Taipei were among the biggest losers

Turkey detains 56 high-priority suspects wanted by 18 countries

The detained people were wanted in the United States, Germany, India, and several former Soviet republics as well as other...
  • Interior Minister Ali Yerlikaya said the suspects were listed on Interpol's "red notice" on "diffusion message" systems
  • Yerlikaya's office did not disclose names, noting only that the suspects were rounded up in coordinated security sweeps

Algerian footballer handed suspended sentence over Gaza post

The comments at issue came in a video of a preacher, Mahmoud Al Hasanat, which Atal posted to his 3.2-million-follower...
  • The defender, who plays for Ligue 1 side Nice in France has been handed an eight month suspension and a fine of $49,000
  • The 27-year-old Algerian had shared a video on his Instagram account calling for a "black day for the Jews" after Israel attacked Gaza

France condemns Israeli minister’s Gaza emigration remarks

Ben-Gvir on Monday called for promoting "a solution to encourage the emigration of Gaza's residents" and the re-establishment of Israeli...
  • "France condemns the comments of Israeli Finance Minister Bezalel Smotrich, and National Security Minister Itamar Ben-Gvir," the French foreign ministry said
  • "The forced transfer of populations constitutes a grave violation of international law," the French foreign ministry warned

SRC, Alrajhi extend refinancing pact

The agreement was extended by an additional $1.54 billion.
  • The extension of this agreement marks a significant stride in advancing the goals of the Vision 2030 Housing Program, said Majeed Fahad Alabduljabbar, CEO of SRC.
  • SRC was established in 2017 by the Public Investment Fund after obtaining a license from Saudi Central Bank to operate in the market.

Gaza war tensions spike after deadly Iran blasts, Lebanon killing

At least 103 people were killed and another 140 injured when two blasts 10 minutes apart struck Iranian mourners commemorating...
  • The blasts came a day after an Israeli drone strike killed Hamas number two Saleh al-Aruri, an act condemned as cowardly by Iran's Foreign Minister Hossein Amir-Abdollahian.
  • The deadly blasts and the killing of Aruri have sparked fears that Israel's war in Gaza could spiral across the Middle East.

Turkey’s inflation rate nears 65 percent in December

Turkey's official annual inflation rate ticked up to 64.77 in December, from 61.98 percent in November. But the month-on-month pace...
  • Economists expects inflation to start falling from near record highs within four months
  • The rate reached a decades-long high of 85 percent in October of 2022

Israel ready ‘for any scenario’ after strike kills Hamas deputy

Israel has previously announced the deaths in Gaza of Hamas commanders IN the war, but Aruri is the most high-profile...
  • Saleh al-Aruri was killed along with his bodyguards in a strike by Israel
  • Hamas said his death would not lead to its defeat, while Hezbollah vowed retaliation

Israel minister slams US for condemning call for mass exodus of Gazans

Washington has called out both Ben-Gvir and Finance Minister Bezalel Smotrich, who have called for Israeli settlers to return to...
  • Ben-Gvir's post comes after the US State Department criticized his call for a population transfer as "inflammatory and irresponsible."
  • Washington has called out both Ben-Gvir and Finance Minister Bezalel Smotrich, who have called for Israeli settlers to return to Gaza

WHO chief deplores ‘unconscionable’ strikes on Red Crescent in Gaza

WHO chief Tedros Adhanom Ghebreyesus reiterated his call for an immediate ceasefire, alongside urgent action to get food, medical supplies...
  • WHO chief Tedros Adhanom Ghebreyesus said health must never be a target during conflicts, adding that Gazans were facing a "dire humanitarian catastrophe"
  • PRCS said that Israel twice struck its headquarters in Khan Yunis, resulting in "five casualties and three injuries" among displaced people who had sought refuge there

US envoys arrive at Gaza truce talks as Egypt, Hamas voice ‘optimism’

Both sides have responded positively to Trump's plan, which calls for a ceasefire, the release of all the hostages held...

Company News

Latest News

Gaza rescuers say Israel fire near aid centre kills 31

The Gaza civil defence agency said Israeli forces opened fire on people waiting to enter a US-backed food distribution centre...

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...

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

Most Read

Trump touts ‘done’ deal with Beijing on rare earths, Chinese students

Trump said on his Truth Social platform that China would supply rare earth minerals and magnets -- vital elements for...
  • Washington was concerned at slower supplies of rare earths after Beijing began requiring domestic exporters to apply for a license -- seen as a response to US tariffs.
  • Rare earths are used in everything from electric vehicles to hard drives, wind turbines and missiles.

EU tells Israel to reverse move to cut off Palestinian banks

Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to...
  • Israeli finance minister Bezalel Smotrich announced Tuesday that Israel had cancelled a waiver allowing its banks to work with Palestinian ones.
  • The Palestinian financial and banking system is dependent on the regular renewal of the Israeli waiver.

Sharjah’s real estate sector records $1.49bn in transactions during May

Sharjah, UAE --  Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion.  Of...
  •  Of these, 1,574 were sales transactions, accounting for 18.7% of the total, a clear indicator of increasing demand for real estate.
  • Mortgage activity remained strong, with 381 mortgage transactions, representing 4.5% of all transactions and totaling more than AED1.1 billion in value.