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.

Bitcoin hits record high above $125,000

Tokyo, Japan -- Bitcoin reached a new record high on Sunday, rising above the $125,000 mark. The cryptocurrency reached $125,689,...

Sony PlayStation 5 sales cross 50 million units

Since releasing the first PlayStation in 1994, Sony has grown into a titan of console gaming, a market whose revenues...
  • The PlayStation 5 was launched in November 2020 and its sales initially suffered because of widespread supply chain problems and a global chip shortage
  • PS5 reached the 50-million-unit milestone in almost the same period as its predecessor, the PS4, with Sony saying its flagship console enjoyed "strong momentum" in 2023

X users report global outage: monitoring site

With no way to post on X, social media users published updates about the outage on rivals including Facebook, Threads,...
  • Reports of the platform's troubles began spiking just before 0600 GMT on monitoring site Downdetector
  • Timelines on the platform were emptied and no new posts visible, although the twitter.com site was available

Sudan’s displaced forced to flee again as safe zones shrink

Over half a million people had sought shelter in Al-Jazirah state before the paramilitary Rapid Support Forces began advancing on...
  • UNFP said the spread of fighting southwards had forced it to suspend food assistance in parts of Al-Jazirah, calling it a "major setback"
  • By early December, the war between the army and the RSF had killed 12,190 people, according to a conservative estimate by the Armed Conflict Locations

Macron says fighting terror does not mean ‘to flatten Gaza’

President Emmanuel Macron told the France 5 broadcaster, "We cannot let the idea take root that an efficient fight against...
  • Macron called on Israel "to stop this response because it is not appropriate, because all lives are worth the same and we defend them"
  • The bloodiest-ever Israel's invasion of Gaza which began on October 7 has killed over 20,000 civilians, mainly women and children

Israel orders more evacuations of Gaza’s main southern city: UN

The Israeli army said Wednesday that "ground, aerial and naval operations were carried out on dozens of terrorists and terrorist...
  • UN said Israel had released maps showing new areas covering about 20 percent of the Khan Yunis city that had been marked for evacuation
  • The area includes 32 shelters that housed more than 140,000 internally displaced persons, the vast majority of whom were previously displaced

Warner Brothers Discovery explores merger

Warner Brothers Discovery brands include CNN and HBO.
  • Warner Brothers Discovery chief executive David Zaslav met with Paramount Global boss Bob Bakish for several hours to discuss the possibility of merging the companies
  • Warner Brothers Discovery brands include CNN, HBO, and its eponymous film studios, while Paramount’s properties include its movie studios of the same name

New Kuwaiti emir rebukes parliament and cabinet in inaugural speech

Officially taking over from his half-brother Sheikh Nawaf, who passed away on Saturday, Sheikh Meshal is faced with the task...
  • "I have stressed in my previous speeches that there are national obligations that must be fulfilled," the 83-year-old ruler told lawmakers after he took the oath of office
  • Sheikh Meshal further pointed to public appointments and promotions that "don't meet the simplest standards of justice and fairness"

World Food Program transfers Gaza aid from Jordan via Israeli border

"Delivering food from Jordan, to Gaza through Kerem Shalom crossing, will increase the volume and speed of food reaching the...
  • The arrival of the 46-truck convoy, carrying more than 750 tons of goods, came after "weeks of coordination with all parties," WFP said
  • "Establishing a corridor through Jordan will increase the flow of aid and remove some of the pressure and congestion we are currently facing," said an official

London’s transport shifts gears with TfL’s cargo bike action plan

London, United Kingdom - On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his...
  • Transport for London (TfL), the local government body responsible for most of the British capital's transport network, launched its first "Cargo Bike Action Plan" earlier this year
  • The use of cargo bikes also increased during lockdown and encouraging their use chimes with Mayor Sadiq Khan's aim of a carbon net-zero city by 2030

Music gives Gaza children respite from horrors

The United Nation says children make up half of the 1.9 million displaced Palestinians and a sizable number have been...
  • Volunteer entertainer Ruaa Hassuna says that when her young audiences hear her musical instrument, they "no longer hear the hum of the drones"
  • Many of the children in the troupe's audiences are hardened beyond their years, their innocence shattered by fear and bereavement

Turkey bans Oct 7 Robbie Williams concert over ‘safety concerns’

Istanbul, Turkey - Turkish authorities have banned a Robbie Williams concert scheduled for October 7 in Istanbul over "safety concerns"...

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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...

France opens ‘complicity in genocide’ probes over blocked Gaza aid

Paris, France -- French anti-terror prosecutors have opened probes into "complicity in genocide" and "incitement to genocide" after French-Israelis allegedly...

Inside Saudi’s hajj-only barbershop, shaving thousands of heads in a day

Mina, Saudi Arabia -- Near the holy city of Makkah, men in white robes stand quietly in a long queue,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Hamas says ready for ‘serious’ Gaza truce talks, as rescuers say 37 killed

Negotiator Khalil al-Hayya made the declaration in a speech marking the start of Eid al-Adha festivities, typically a joyous date...
  • Negotiator Khalil al-Hayya made the declaration in a speech marking the start of Eid al-Adha festivities
  • Talks aimed at brokering a new ceasefire have failed to yield a breakthrough since the last brief truce fell apart in March

Muslim pilgrims ‘stone the devil’ as Hajj concludes under extreme heat in Saudi Arabia

Starting at dawn, the more than 1.6 million Muslims took part in the pilgrimage will throw seven stones at each...
  • The more than 1.6 million Muslims taking part in the pilgrimage will throw seven stones at each of three concrete walls symbolising the devil in the Mina valley,
  • The ritual commemorates Abraham's stoning of the devil at the three spots where it is said Satan tried to dissuade him from obeying God's order to sacrifice his son

Lebanon says dismantled ‘more than 500’ Hezbollah installations in south

Under a November ceasefire agreement between Israel and Hezbollah, the Iran-backed militant group was required to pull its fighters out...
  • In a televised address marking 100 days in office, Salam said his government was pressing ahead with reforms demanded by the international community
  • Under a November ceasefire agreement between Israel and Hezbollah, Hezbollah was required to dismantle its military infrastructure south of the Litani