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.

Erdogan plays down row over Saudi-hosted Super cup

Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But...
  • Turkish President Erdogan said turning sports into a political issue "is wrong"
  • Both teams wanted to warm up in shirts featuring the image of Mustafa Kemal Ataturk

China factory activity decline deepens in December

The National Bureau of Statistics (NBS) said, "In December... the level of vitality in the manufacturing sector somewhat declined." In...
  • The official manufacturing purchasing managers' index (PMI) stood at 49.0 in December
  • It signaled a further slump from November's figure, representing the third month of contraction

Russia vows revenge as 21 die in Ukrainian attack

The Belgorod attack came a day after Ukraine said a barrage of Russian missile strikes on several cities killed at...
  • The authorities in Russia said the death toll included at least three children
  • The attack came a day after Ukraine said Russian missile strikes killed at least 40 people

US shoots downs anti-ship missiles fired from Yemen

The US Central Command said the missiles were fired from the area controlled by the Iran-backed Houthi rebels, describing it...
  • The Houthi attacks are endangering a transit route that carries up to 12% of global trade
  • US forces in Iraq and Syria have also repeatedly come under fire from drone and rocket attacks

Hamas denounces US munitions ’emergency’ sale to Israel

Gaza City, Palestinian Territories - The Strip's Hamas rulers on Saturday condemned the US approval of a $147.5 million sale of...
  • The United States announced the sale of the 155mm artillery munitions on Friday under an emergency provision.
  • Hamas said the sale was "clear evidence of the American administration's full sponsorship of this criminal war".

Gaza ministry says 21,672 killed in war with Israel

The Hamas-run health ministry here said that at least 21,672 people have been killed in the territory since the war...
  • Israeli forces have rounded up thousands of Gazans during their ground offensive, with 99 healthcare workers still among the detainees according to the ministry.
  • The fighting has put 23 hospitals and 53 health centers out of service, while 104 ambulances have been destroyed, the ministry said.

19 pro-Iran fighters killed in Syria strikes, says monitor

Air strikes in eastern Syria "likely" launched by Israel killed at least 19 pro-Iran fighters, a war monitor said. The...
  • A US military official, requesting anonymity, said the "US did not conduct any defensive strikes overnight".
  • The war monitor said the strikes targeted military positions in Albu Kamal and its surroundings in Deir Ezzor province.

Morocco law reform offers hope for women’s rights

Rabat, Morocco - Two decades after a landmark but limited revision of Morocco's family law marked a breakthrough for women, activists...
  • The reform of the legal code was ordered by King Mohammed VI, who is expected to have the final say in any disputes over the new law.
  • A committee tasked with drafting the changes was formed in September and includes the justice minister as well as judicial and religious figures.

Gazans ‘exhausted’ as Israel-Hamas war rages on

UN chief Antonio Guterres on Friday reiterated his call for "an immediate humanitarian ceasefire", while the World Health Organization (WHO)...
  • Smoke billowed over the Gaza Strip's southern city of Khan Yunis, the focus of recent fighting in the grinding war, which was triggered on October 7 by Hamas attacks on Israel
  • Further south, the border city of Rafah near Egypt was teeming with Gazans seeking safety from Israel's relentless bombardment in its fight against Palestinian fighters

Russian strikes kill at least 30 across Ukraine

A massive air attack targeted schools, a maternity hospital, shopping arcades, blocks of flats, and many other sites, according to...
  • The Ukrainian army said that Russia launched 158 missiles and drones on Ukraine
  • The United Nations condemned the attacks and said they must stop "immediately"

Pro-Gaza protests flare in UK on anniversary of Hamas attack

London, United Kingdom - Thousands of students protested in London and other UK cities on Tuesday, defying a plea from...

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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...

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...

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

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Gaza’s Al-Amal hospital ‘virtually out of service’: WHO

The Al-Amal Hospital in Gaza, one of the few still operating in the Palestinian territory, is now "virtually out of...
  • Tedros said two emergency medical teams - one local, the other international - "are still doing their best to serve the remaining patients
  • "With the closure of Al-Amal, Nasser Medical Complex is now the only remaining hospital with an intensive care unit in Khan Younis," he said

Israel says Gaza-bound aid boat activists awaiting deportation after their vessel intercepted

Swedish campaigner Greta Thunberg and other activists detained aboard a Gaza-bound aid boat have been taken to a Tel Aviv...
  • The activist group departed Italy on June 1 aboard the Madleen carrying food and supplies for Gaza, whose entire population the UN has warned is at risk of famine
  • "The passengers of the 'Selfie Yacht' arrived at Ben Gurion Airport to depart from Israel and return to their home countries," the Israeli foreign ministry said on X

Trump warns of decision time as Iran prepares nuclear counter-proposal

In a key sticking point, Iran has insisted on the right to enrich uranium at low levels for civilian use...
  • Trump spoke by telephone with Israeli Prime Minister Benjamin Netanyahu, whose office said the US leader informed that he had made a "reasonable offer" to Iran
  • Netanyahu has threatened to strike the nuclear sites of Iran, whose cleric-run government he sees as Israel's existential enemy, but Trump has said he has held him back