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 talks down discovery of Gaza tunnel by Israel

Dubai, UAE--A Hamas official on Monday said one of the group's tunnels revealed by the Israeli army in Gaza had...
  • Israel army claimed to have uncovered the biggest Hamas tunnel on Sunday in Gaza, near the Erez crossing between the Palestinian territory and Israel
  • A senior Hamas official speaking in Beirut said that owing to the tunnel the mission that Hamas set out to achieve has been "carried out successfully"

At least 118 dead in northwest China earthquake

US Geological Survey said Monday night's magnitude-5.9 quake struck at a shallow depth with an epicenter around 100 kilometers from...
  • Officials said the shallow tremor had caused the deaths of at least 105 in Gansu province
  • A further 13 died, 182 were injured and 20 were missing in the city of Haidong

The feline frontier: NASA sends cat video from deep space

The video was beamed to Earth using a laser transceiver on the Psyche probe, which is journeying to the main...
  • The 15-second meow-vie featuring an orange tabby named Taters is the first to be streamed from deep space
  • The encoded near-infrared signal was received by the Hale Telescope at Caltech's Palomar Observatory in San Diego County

US forms coalition to combat Houthi attacks in Red Sea

US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...
  • Austin said the security coalition will ensure freedom of navigation for all countries
  • Houthi attacks have forced insurance companies to increase premiums on ships

Brazilian Fluminense qualifies for FIFA Club World Cup final after beating Egyptian Al-Ahly

Two goals in the final 20 minutes in Jeddah by Jhon Arias, from the penalty spot, and then John Kennedy...
  • Al Ahly were left to rue a number of missed chances as the African champions failed to find a way past 43-year-old Fluminense goalkeeper Fabio
  • Al Ahly had dumped out a star-studded Al-Ittihad featuring Karim Benzema, N'Golo Kante and Fabinho on their home patch in the previous round

Nearly 100 MPs barred from Indian parliament session

Nearly 100 opposition lawmakers have been temporarily barred from India's parliament for demanding a debate into last week's protest when...
  • Six people were arrested after the December 13 protest, when one man jumped onto the floor of the lower house of parliament.
  • Official footage from the session showed one man shouting slogans and vaulting over tables between stunned lawmakers.

Oil prices rise following Red Sea attacks

Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...
  • Yemen's Iran-backed Houthi rebels said on Monday that they had attacked two "Israeli-linked" vessels in the Red Sea..
  • Ships must travel through the Red Sea to use the Suez Canal, a key transit route for cargo and oil..

South Africa threatens citizens fighting for Israel with prosecution

"Such action can potentially contribute to the violation of international law and the commission of further international crimes, thus making...
  • The government has previously said the State Security Agency (SSA) was tracking them down. South Africans need prior government approval to legally fight in Israel.
  • South Africa has long been a vocal supporter of the Palestinian cause, with the ruling African National Congress (ANC) party often linking it to its own struggle against apartheid.

Egypt’s Sisi wins third term despite painful economic crisis

The outcome of the December 10-12 poll was widely expected after the former army chief with a fondness for infrastructure...
  • His victory comes despite a painful economic crisis, marked by a currency plunge and runaway household prices
  • Sisi, a retired army field marshal, was first voted in as president after leading the overthrow of elected president Mohamed Morsi in 2013

Japan’s Nippon to acquire US Steel

Nippon Steel will also assume the US firm's debt.
  • Nippon Steel will acquire US Steel in an all-cash deal at $55 per share, a 40 percent premium above its closing price on December 15
  • US Steel launched a strategic review in August after receiving several unsolicited offers for a partial or total takeover.

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...

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‘Italian genius’ Inzaghi to coach Saudi Arabia’s Al Hilal

Riyadh, Saudi Arabia -- Former Inter boss Simone Inzaghi was revealed as the new coach of Saudi Arabia's Al Hilal...

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

Syria says Israeli strikes ‘aimed at undermining’ stability

Syria's Foreign Minister Asaad al-Shaibani condemned on Wednesday Israeli strikes in retaliation for overnight rocket fire, saying they were aimed...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump bans visas for new foreign students at Harvard 

Washington, United States - US President Donald Trump on Wednesday announced a ban on visas for foreign students who are...
  • The Trump administration has been in an ongoing showdown with academia, and Harvard in particular
  • The Ivy League institution has rejected his administration's demands to give up control of recruitment, curricula and research choices

Muslim pilgrims pray at Mount Arafat in hajj apex

To make this year's pilgrimage safer, authorities have expanded infrastructure, deployed thousands of extra personnel and relied on an arsenal...
  • Thousands of pilgrims gathered before dawn around the hill and the surrounding plain where the Prophet Mohammed is believed to have given his last sermon
  • While some arrived early to take advantage of the relatively cool morning, many pilgrims will remain for hours of prayers and Koran recitals until the evening

Israel arms exports to UAE, Bahrain, Morocco rise sharply after 2023

Sales to countries considered part of the Abraham Accords -- the United Arab Emirates, Bahrain and Morocco who signed groundbreaking...
  • Israel's defense ministry said that its arms exports hit an all-time high of more than $14.7 billion in 2024, despite international criticism of ongoing Gaza onslaught.
  • A majority -- 56.8 percent -- of the deals signed were "mega-deals" valued at at least $100 million each, the ministry said, adding that "operational achievements" in the Gaza war.