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.

OpenAI unveils ChatGPT app integration feature

San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...

Business

What are regulatory T-cells? Nobel-winning science explained

Paris, France -- The Nobel Prize in Medicine was awarded on Monday to three scientists for discovering how a particular...

Science
Geostrategy

Norway fund drops Aramco, 11 other Gulf firms over ’rights concerns’ 

KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million. The fund dropped 11...
  • Saudi Aramco was blacklisted due to its ties to the Saudi state and for "contravening expectations over climate and energy transition plans", the fund said.
  • In 2021, the fund excluded 16 companies with links to Israeli settlements in the West Bank, which are considered to be in violation of international law.

Donkey head used to desecrate Jerusalem Muslim cemetery

Describing the 35-year-old as "unbalanced", police said he was arrested after they were alerted that a man had "broken the...
  • Police said the man was carrying an axe at the time of his arrest, adding that another suspect who allegedly had helped in taking him there was also in custody
  • The cemetery is near the Al-Aqsa mosque compound, a site holy to both Muslims and Jews and is at the heart of tensions between Palestinians and Israelis

‘Alone’: Afghan women fault West for lack of support

Since 2021, France says it has handed over 15,000 visa to Afghans, "mostly women, rights defenders, journalists and magistrates". But...
  • Safi herself has made it to France where she is seeking asylum, but her sister Frozan died in a hail of bullets back home
  • Speaking in a shelter outside Paris, the 29-year-old Rita Safi said her sister would still be alive had the promised help been forthcoming

Macron asks Netanyahu for ‘lasting ceasefire’ in Gaza

Macron told the Israeli premier of his "deepest concern" about civilian deaths and the humanitarian emergency in Gaza. He also...
  • "France will work in the coming days in cooperation with Jordan to carry out humanitarian operations in Gaza," the French presidency added in a statement
  • Netanyahu's office said the PM thanked Macron for "France's involvement in defending freedom of navigation and its willingness to help restore security along Israel's border."

India targeting high-profile journalists with spyware: Amnesty

Indian media reported last month that the country's cyber security unit was investigating allegations by opposition politicians of attempted phone...
  • Created by Israeli firm NSO Group and sold to governments around the world, Pegasus software can be used to access a phone's messages and emails, peruse photos etc
  • Amnesty said journalists Siddharth Varadarajan of The Wire and Anand Mangnale of The Organized Crime and Corruption Reporting Project had been recently targeted with spyware
Geostrategy

Gaza death toll tops 21,000 as Israel says war to last ‘many more months’

Israel again pounded Gaza with air strikes and shelling after its military chief warned the war raging with Hamas since...
  • Palestinian president Mahmud Abbas, in an interview on Egyptian television, charged that the Gaza war "goes beyond a catastrophe and a genocide".
  • Iran's Islamic Revolutionary Guard Corps warned Israel that it or its allied groups would take "direct" action to avenge the killing of senior commander Razi Moussavi.
Business

New York Times sues OpenAI, Microsoft in copyright clash

Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it...
  • The Times, one of the most respected news organizations in the United States, is seeking damages, as well as an order that the companies stop using its content
  • While no sum is specifically requested, the Times alleges that the infringement could have cost “billions of dollars in statutory and actual damages"
Geostrategy

Erdogan says no difference between Netanyahu and Hitler

"He (Netanyahu) is richer than Hitler. All kind of support comes from the West and the United States," Erdogan added....
  • He has branded Israel a "terrorist state", Netanyahu "the butcher of Gaza" while calling Hamas "a liberation group".
  • "There is no difference between the actions of Netanyahu and Hitler," he said during a ceremony in the capital in Ankara.
Geostrategy

UAE’s budget carrier Air Arabia to launch daily flights to Kabul

Last month flydubai, another low-cost Emirati airline, became the first international carrier to resume flights to Afghanistan since the chaotic...
  • Last month flydubai, another low-cost Emirati airline, became the first international carrier to resume flights to Afghanistan
  • Last year, GAAC signed a contract to manage Afghanistan's air traffic, an agreement that was expected to bring back international airlines
Geostrategy

120 kilos of cocaine wash up on Australian beaches over Christmas

Sydney, Australia-- Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260...
  • A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney
  • Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said

OpenAI unveils ChatGPT app integration feature

San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...
Business

Company News

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Leaders warn race for minerals could turn seabed into ‘wild west’

Growing anxiety over Trump's unilateral push to fast-track deep-sea mining in international waters shot to the surface at the opening...
Geostrategy

MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion

Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter...
Business

US, China seek to extend trade truce with London talks

After a round of talks in Geneva last month, the United States and China will sit down at the negotiating...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Israel says Gaza-bound activist boat carrying Greta Thunberg redirected

The Madleen departed from Italy on June 1 to bring awareness to food shortages in Gaza, which the United Nations...
  • In a statement, the coalition said the Israeli military intercepted the Madleen around 3:02 am CET (0102 GMT) just off the coast of Gaza
  • Israel's foreign ministry said it had redirected the boat towards Israeli shores, and expected those onboard to return to their home countries
Science

UN summit to tackle ’emergency’ in world’s oceans

Nice, France - A global summit on the dire state of the oceans kicks off Monday in France, with calls...
  • The appeal for unity comes as nations tussle over a global plastics pollution treaty, and the United States sidesteps international efforts to regulate deep-sea mining
  • On the eve of the summit, Brazil's President Luiz Inacio Lula da Silva said that leaders must act now: "The planet can no longer tolerate broken promises."
Business

US aerospace manufacturers insist they have no use for tariffs

New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...
  • US aerospace and defense exports reached $135.9 billion in 2023, including $113.9 billion for civil aviation alone.
  • This allowed the sector to generate a trade surplus of $74.5 billion and to invest $34.5 billion in research and development.