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.

Child among 8 killed in Syria clashes: monitor

The fighting pitted the army of Syrian President Bashar al-Assad against Hayat Tahrir al-Sham (HTS), a group led by Al-Qaeda's...
  • War monitor said an elderly man, a woman and her young daughter were killed
  • Syrian army retaliated by bombing residential areas of Darat Izza town in Aleppo

US aircraft carrier to return to base from Mediterranean

According to the Navy, the carrier will redeploy to its home port "as scheduled to prepare for future deployments." The...
  • US sent warships to "contribute to our regional deterrence and defense posture"
  • The warships were dispatched to the region after Hamas' attack on Israel on October 7

Gaza war overshadows football as Asian Cup looms for Palestine

The Palestinian Football Association had celebrated in June last year when the national team won -- for the third time...
  • Qatar hosts the 2023 Asian Cup from January 12 to February 10, and Palestine will play its opening game on January 14 against Iran
  • Palestinian team's coach said the team hopes to "qualify for the latter stages of the Asian Cup and show the honorable face of Palestinian football"

Israeli apex court strikes down law that limited court oversight

Opposition leader Yair Lapid welcomed the verdict and warned of the resurgence of internal divisions in Israeli society. "The Supreme...
  • The court ruled against an amendment which scraps the "reasonableness" clause, used by the court to overturn government decisions which are deemed unconstitutional
  • Prime Minister Benjamin Netanyahu had argued the sweeping judicial reform agenda presented a year ago was necessary to rebalance powers between judges and politicians

Israeli settlers ‘most violent’ in West Bank 2023, says watchdog

Jerusalem - Israeli settlers killed at least 10 Palestinians and torched dozens of homes in the occupied West Bank in...
  • The human rights group said Israeli settlers were involved in multiple attacks on Palestinians in West Bank, which further spiked after October 7.
  • It added that settlers killed 10 Palestinians while they set fire to dozens of homes and vehicles during 2023

Israel’s Gaza assault to continue throughout 2024, says army

The Israeli military spokesman said the army was currently "planning the management of the forces operating in the field" in...
  • A military spokesman said Israeli army "must plan ahead, understanding that we will be required for additional tasks and warfare throughout this year"
  • He added the army was currently "planning the management of the forces operating in the field" in the months ahead

Cerberus buys HSBC France retail

The takeover was finalized for an undisclosed amount.
  • The operation will see HSBC France's nearly 250 retail branches with their 800,000 clients and 3,500 staff become CCF
  • The move is part of London-headquarters HSBC's efforts to simplify and refocus operations on its major region of Asia

Massive rally in Istanbul against ‘murderer’ Israel’s war in Gaza

The rally, called by a foundation which counts Bilal Erdogan, the son of President Recep Tayyip Erdogan, among its members...
  • Protesters waving Turkish and Palestinian flags rallied to the Galata Bridge on the Bosphorus chanting: "Murderer Israel, get out of Palestine" and "Allahu Akbar".
  • Turkey's President Recep Erdogan has accused Israel of "state terrorism" and said Israeli Prime Minister Benjamin Netanyahu was "no different" from Adolf Hitler.

Japan quake triggers tsunami waves, residents told to run

A major 7.5 magnitude earthquake struck the Noto region in Ishikawa prefecture, the US Geological Survey (USGS) said. Japan's weather...
  • Sakhalin island and Vladivostok in Russia's far east were on "alert" due to a possible tsunami risk after the quakes in Japan, officials said.
  • The JMA said the Noto region experienced a rapid succession of quakes, with another 6.2 tremor hitting soon after the initial swarm, the USGS said.

PGA works to extend ‘active and productive’ Saudi merger talks

An update on the PGA Tour website regarding talks said the memo, which reportedly was obtained by The Golf Channel...
  • The update to players in a memo from Monahan came hours ahead of the year-end deadline to approve a framework agreement merging the PGA Tour, DP World Tour and PIF
  • Tour commissioner Jay Monahan said the PGA Tour had made "meaningful progress" in separate negotiations to have Strategic Sports Group (SSG) become a tour minority investor

GITEX25: G42 to host fireside chat with OpenAI CEO Sam Altman

Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...

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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...

Australia reach World Cup as Palestinian dreams of a first appearance end

Australia qualified for next year's World Cup in North America while Oman ended Palestine's hopes of a first appearance at...

Tehran readies counter-proposal as Iran-US nuclear talks set to resume Sunday in Muscat

Iran has said it will present a counter-proposal to the latest draft from Washington, which it had criticised for failing...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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‘What wrong did he do?’ Gaza family mourn three-year-old shot dead

Gazan mother Amal Abu Shalouf ran her hand over her son's face and hair, a brief farewell before a man...
  • "Amir, my love, my dear!" cried his mother, struggling to cross the crowded courtyard of Nasser Hospital in Khan Yunis
  • The grieving mother, comforted by relatives, said her young son had been begging for food in recent days and dreaming of a piece of meat

EU removes UAE from ‘high-risk’ money-laundering list, adds Monaco

The European Commission said it added Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Namibia, Nepal and Venezuela, along with Monaco,...
  • In addition to the UAE, it removed Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal and Uganda.
  • The moves come after a money-laundering watchdog said in February it had removed the Philippines from its list of countries that face increased monitoring.

ADNOC Gas announces $5 billion investment in Rich Gas Project

Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of...
  • UK-based firm Wood secured the largest tranche, valued at $2.8 billion, for work at the Habshan facility.
  • Petrofac will lead a $1.2 billion project for the Das Island facility, while Kent Plc will manage a $1.1 billion project covering the Asab and Buhasa sites.