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.

Hamas calls for swift hostage-prisoner swap as talks set to begin

Foreign ministers of several countries, including Egypt, said the talks were a "real opportunity" to achieve a comprehensive and sustainable...

Six Turkish soldiers dead in Iraq after PKK attack

Ankara, Turkey - Six Turkish soldiers were killed and one wounded when their base in northern Iraq was attacked by members...
  • Friday's attack on Turkish troops by the Kurdistan Workers' Party occurred near Hakurk, the defense ministry said.
  • In October, Turkish President Recep Tayyip Erdogan vowed to continue stepping up its strikes on targets in Iraq and Syria.

War affects Christmas festivities in southern Lebanon

Qlayaa, Lebanon - In the Lebanese Christian border village of Qlayaa, the priest urged his parish to keep the Christmas spirit...
  • Despite the violence, the church has put up lights, a life-sized manger and is planning recitals and activities for the community's children.
  • Residents along the border are used to "difficult times", said father Antonios Farah, "but we have decided... we will celebrate Christmas as usual".

Twitter breached contract on bonuses payment, rules US court

SAN FRANCISCO, US - A US federal court ruled that social media company Twitter, now branded X, violated contracts by failing...
  • The breach-of-contract lawsuit was brought by former employer Mark Schobinger in June.
  • The court said that Schobinger's claim of breach of contract under California law was valid.

UN expresses ‘alarm’ at spreading violence in Sudan

The Council in a joint statement denounced attacks on civilians and the spread of the violence "into areas hosting large...
  • The UN called on the warring parties to allow for safe and unhindered humanitarian access
  • It said apart from the 7m internally displaced another 1.5m had fled into neighboring countries

UK terms UN resolution on Gaza as ‘good news’

UK Foreign Secretary David Cameron termed it good news that that the UN has come together to "back a resolution...
  • Cameron said that the resolution also calls for steps towards a sustainable ceasefire
  • Russia and the United States abstained, meaning it passed with 13 votes in favor

Manchester City crowned FIFA Club World Cup winners for first time

Pep Guardiola also made history as the first coach to lift the Club World Cup on four occasions and with...
  • City's victory extended European clubs' domination of the competition since 2012 and was never in doubt once Julian Alvarez opened the scoring inside the first minute
  • Nino's first-half own goal realistically ended the Brazilians' dreams of an upset, before Phil Foden and Alvarez rounded off the scoring in the final 20 minutes

UN resolution urges more aid for Gaza as death toll rises

Fighting between Israel and Hamas in Gaza raged as the UN Security Council approved a much-delayed resolution to boost aid...
  • The resolution also urged the creation of "conditions for a sustainable cessation of hostilities" but did not call for an immediate end to fighting.
  • It came after the UN's World Food Program warned that Gaza's population is at a "high risk of famine".

China’s BYD to manufacture cars in Hungary

BYD already has operations in Hungary, including an electric bus factory.
  • "BYD is set to build its first passenger car factory in Szeged, Hungary, marking a significant step toward green mobility in Europe," BYD Europe said on X.
  • Originally specializing in battery production, BYD moved into the automotive sector in 2003 and has since become a heavyweight in electric vehicle (EV) production.

UN says Gaza on cusp of famine due to Hamas-Israel war

The Israel-Hamas war is pushing Gaza towards famine, the United Nations warned ahead of an expected Security Council vote on...
  • The entire population of Gaza faces "an imminent risk of famine", according to a UN-backed global hunger monitoring system.
  • With homes destroyed, they are living in crowded shelters and struggling to find food, fuel, water and medical supplies

Lebanon to adopt UN border resolution if Israel complies

Lebanon is ready to implement a UN resolution that would help end Hizbollah's cross-border attacks on Israel if Israel also...
  • The solution to the current cross-border hostilities "is the implementation of international resolutions", including Resolution 1701, Lebanese PM said.
  • The Lebanese PM was referring to territory claimed by Lebanon that remains occupied following Israel's withdrawal from the country's south in 2000.

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...

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Iran says US travel ban reflects ‘racist mentality’

Tehran, Iran - Tehran denounced on Saturday the US travel ban on Iranians and citizens of 11 other mostly Middle...

Israel admits to supporting anti-Hamas armed group in Gaza led by Yasser Abu Shabab

Prime Minister Benjamin Netanyahu admitted that Israel is supporting an armed group in Gaza that opposes the militant group Hamas,...

Trump says Musk has ‘lost his mind’ as feud fallout mounts

Washington, United States - US President Donald Trump said Friday that Elon Musk had "lost his mind" but insisted he...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Russia launches major attack on Ukraine, killing 5

The Ukrainian air force said Russia had fired 206 drones and nine missiles and added that "the air attack was...
  • The Kremlin has accelerated its attacks on Ukraine in recent weeks, while the latest ceasefire negotiations have failed to broker an end to the three-year war
  • The Ukrainian air force said Russia had fired 206 drones and nine missiles and added that the air attack was repelled by aviation, anti-aircraft missile troops

Israel army announces 4 soldiers killed in Gaza, thousands more troops needed

News of the soldiers' deaths came as Gaza's civil defence agency reported 38 killed Friday in Israeli attacks across the...
  • News of the soldiers' deaths came as Gaza's civil defence agency reported 38 killed Friday in Israeli attacks across the territory
  • The deaths bring to 429 the number of Israeli soldiers killed in Gaza since the start of the ground offensive in late October 2023

Israel army issues evacuation warning for parts of Gaza City

"This is a final and urgent warning ahead of an impending strike," army spokesman Avichay Adraee said. The army "will strike...
  • The evacuation order comes at the beginning of the Eid al-Adha holiday, one of the main religious festivals of the Muslim calendar.
  • The Israeli military has recently stepped up its campaign in Gaza in what it says is a renewed push to defeat Hamas.