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.

Nobel winner Yunus convicted in Bangladesh labor law case

Yunus, 83, is credited with lifting millions out of poverty with his pioneering microfinance bank but has earned the enmity...
  • Hasina has made several scathing verbal attacks against the internationally respected 2006 Nobel Peace Prize winner, who was once seen as a political rival.
  • Yunus and three colleagues from Grameen Telecom, one of the firms he founded, were accused of violating labor laws when they failed to create a workers' welfare fund in the company

Taiwan’s president urges China to seek ‘peaceful coexistence’

Taiwan is less than two weeks from an election, closely watched from Beijing to Washington as it determines the future...
  • China has halted high-level communications with DPP government since her 2016 election
  • In her last New Year speech Tsai expressed hopes to restart communications with Beijing

Palestinian fighters target Tel Aviv in barrage of rockets fired from Gaza

Dubai, UAE--Several rockets fired from the Gaza Strip targeted Tel Aviv and southern Israel as the country rang in the...
  • Dozens of people in the streets of Tel Aviv took cover as as the wail of air-raid sirens exemplified the fragility of peace in the region
  • The Ezzedine al-Qassam Brigades, Hamas's military wing, claimed responsibility for both attacks in a video posted on social media

Kim directs army to ‘annihilate’ S. Korea, US if they attack

North Korean leader Kim Jong Un at a meeting with the country's major commanding officers in Pyongyang on New Year's...
  • US, South Korea have ramped up defense ties after weapons tests by Pyongyang
  • Pyongyang declared itself an "irreversible" nuclear power in 2022

Israeli minister calls for return of settlers to Gaza

Israel unilaterally withdrew the last of its troops and settlers in 2005, ending a presence inside Gaza that began in...
  • The minister said that in order to have security "we must control the territory"
  • He said Israel should "encourage" Palestinians in Gaza to relocate to other countries

Maersk halts ships’ transit via Red Sea strait for 48 hours

COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea...
  • The Maersk Hangzhou, a Singapore-flagged, Denmark-owned container vessel reported being struck by a missile while transiting the Bab al-Mandab Strait.
  • It appeared to be undamaged in that attack and "was able to continue its transit north", said Maersk, one of the world's largest shipping companies.

Israeli strike kills former Palestinian minister, Gaza death toll 21,822

Youssef Salama, the 68-year-old former minister of religious affairs in the Palestinian Authority, was killed in a strike on the...
  • "We pulled (out) nine martyrs, who were members of a very peaceful family. Two adjacent houses were targeted," said the area's civil defense director, Rami al-Aidi.
  • 10 Houthi rebels were feared dead or missing after US Navy helicopters fired at them while attempting to board a cargo ship off Yemen.

13 million merchandise tons shipped via special corridor, says Ukraine

The corridor was created in August to link Ukraine's ports to the Bosphorus Straits, several weeks after Moscow refused to...
  • Ukraine, on the Black Sea, has pushed Russia's much larger navy away from its coasts, allowing the resumption of grain exports
  • Russia had threatened to target ships arriving and leaving Ukrainian ports, and has attacked port and grain storage facilities

Gaza war will last many months: Benjamin Netanyahu

The prime minister of Israel told a news conference that the war will continue for many months "until Hamas is...
  • He said that Israel was depriving Hamas of their capabilities in a gradual manner
  • Hamas is still holding 129 hostages in Gaza, according to the Israeli military

North Korea to launch three more spy satellites next year

"The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for...
  • Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was providing images of major US and South Korean military sites
  • Inter-Korean relations are in poor state as Seoul and Washington ramped up defense cooperation this year after record-breaking series of weapons tests by Pyongyang

Syria announces ‘comprehensive ceasefire’ with Kurds after clashes

Damascus, Syria - Syria announced a comprehensive ceasefire with Kurdish forces after a meeting Tuesday between Syrian President Ahmed al-Sharaa...

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Israel deports Greta Thunberg after intercepting Gaza-bound aid boat

Tel Aviv, Israel - Campaigner Greta Thunberg arrived home in Sweden late Tuesday, after Israel detained her and other activists aboard...

‘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...

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

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IBM claims ‘real world’ edge in quantum computing race

San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer...
  • Current quantum computers are still experimental and face significant challenges, including high error rates.
  • Companies like IBM, Google, and others are working to build more stable and scalable quantum systems.

World Bank cuts growth forecast on trade tumult, warns of ‘deep’ harm

The bank lowered its projection for global GDP growth to 2.3 percent in its latest economic prospects report, down from...
  • "That's the weakest performance in 17 years, outside of outright global recessions," said World Bank Group chief economist Indermit Gill.
  • By 2027, the World Bank expects global GDP growth to average 2.5 percent in the 2020s, which would be the slowest rate in any decade since the 1960s.

Warner Brothers Discovery will split company to build streaming

The move, which reallocates assets such as HBO Max and CNN, is the latest reflection of how streaming is remaking...
  • The entertainment giant will break itself into two publicly traded companies: one covering "Streaming & Studios" and the other "Global Networks."
  • The shift, designed to enable each venture to "maximize its potential," is expected to be completed by mid-2026, the company said