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.

US warship downs 14 Houthi-fired drones in Red Sea

The operation took place as Pentagon chief Lloyd Austin headed to the Middle East, where he would meet with Bahrain...
  • The aerial vehicles were "assessed to be one-way attack drones and were shot down"
  • Yemen's Houthi rebels have launched a series of drone and missile strikes targeting vessels

More than 60 feared dead off Libya in latest migrant tragedy

Twenty-five people were rescued and transferred to a Libyan detention center, said the IOM. It said the survivors were all...
  • The migrants are believed to have died because of high waves which swamped their vessel after it left from Zuwara, on Libya's northwest coast, the IOM's Libya office said
  • Citing survivors, it said there were approximately 86 migrants aboard -- including women and children -- from Nigeria, The Gambia and other African countries

Al Jazeera journalist killed in Israel strike laid to rest in Gaza

Samer Abu Daqqa's body, bearing his bullet-proof vest and helmet, was carried through a crowd in the city of Khan Yunis...
  • Abu Daqqa was reporting from a school in Khan Yunis when he was hit by a drone strike on Friday, said Al Jazeera television network
  • His mother Umm Maher Abu Daqqa accused Israel of targeting journalists, "especially those working for Al Jazeera"

UK, Germany call for ‘sustainable ceasefire’ in Gaza

In a joint article written in Sunday Times, UK foreign minister David Cameron and German counterpart Annalena Baerbock said the...
  • The two top diplomats said everything must be done to pave the way to a sustainable peace
  • The UN General Assembly on Tuesday night overwhelmingly demanded a ceasefire in Gaza

US implores Sudan fighters to halt advance on aid hub

As per UN figures, nearly half a million displaced people have sought refuge in Sudan's Al-Jazirah state, more than 86,000...
  • According to the Armed Conflict Location and Event Data Project, the war has claimed some 12,190 lives
  • The UN estimates nearly 5.4m people are internally displaced, while about 1.3m have fled abroad

Gaza hospital military ‘activity’ over, says Israel

Israeli forces, according to the Gaza health ministry, fired at "patient rooms" and arrested staff at the Kamal Adwan hospital...
  • The Israeli army said it had "completed its activity in the area of the Kamal Adwan hospital"
  • Hamas blamed Israeli troops for having carried out a "horrific massacre" inside the hospital

Moroccan officials questioned in EU graft probe

BRUSSELS, BELGIUM - Several Moroccan officials have been questioned as part of a high-profile investigation into alleged bribery by the north...
  • The interviews in Morocco were conducted by local authorities in the presence of Belgian investigators.
  • The questionings were the first in the country since Brussels launched a sprawling graft probe in 2022.

UK shoots down ‘suspected’ drone attack in Red Sea

London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps...
  • Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to shore up its presence in the region.
  • The deployment followed the outbreak of conflict between Israel and Hamas and the seizure of an Israeli-linked cargo vessel by Iranian-backed Yemeni Houthi rebels

Kuwait emir Sheikh Al-Sabah dead at 86, says royal court

"With great sadness and sorrow, we mourn... the death of Sheikh Nawaf al-Ahmad Al-Sabah, Emir of the State of Kuwait,"...
  • "With great sadness and sorrow, we mourn... the death of Sheikh Nawaf al-Ahmad Al-Sabah, Emir of the State of Kuwait," said a statement
  • State television had cut its regular programming and switched to a broadcast of Quranic recital before the announcement.

Volunteers offer help to Arab-Israeli farmers amid Gaza war

Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...
  • Many people, lawyers or teachers, have joined hands to help Arab-Israeli farmers in the harvest as there is a shortage of labor force because of the war
  • Volunteers were picking cucumbers, placing seedlings on stakes, and were preparing for the strawberry harvest when the rains interrupted them

Syria selects members of first post-Assad parliament

Damascus, Syria -- Syria will select members of its first post-Assad parliament on Sunday in a process criticized as undemocratic,...

Company News

Latest News

Million-plus pilgrims to begin hajj under blazing sun

About 1.4 million pilgrims arrived in Saudi Arabia ahead of the multi-day hajj, one of the five pillars of Islam...

27 killed as Israeli army opens fire near Gaza aid point

United Nations Secretary-General Antonio Guterres decried the deaths of Palestinians seeking food aid as "unacceptable", and the world body's rights...

Israel army says shelling Syria after projectiles launched

The Israeli military said it was shelling targets in Syria on Tuesday in response to a pair of projectile launches,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Saudi hosts urge pilgrims to stay indoors during hajj high point

Makkah, Saudi Arabia -- Saudi authorities have asked pilgrims performing the hajj to remain in their tents for several hours...
  • Hajj Minister Tawfiq al-Rabiah has requested that pilgrims refrain from leaving their tents between 10:00 am and 4:00 pm on Thursday.
  • The "Day of Arafat" traditionally marks the high point of the hajj, when pilgrims scale Mount Arafat on the outskirts of Makkah.

Middle East tourism projected to reach $350 billion by 2030: ATM report

Dubai, UAE – The Middle East’s tourism sector is poised for unprecedented expansion, with a new report predicting a 50...
  • Inbound travel from outside the region is set to grow by 13 percent annually up to 2030, while outbound business travel will surge at 9 percent per year.
  • China ranks third by value in leisure spending, expected to increase by 130 percent by 2030.

Meta secures nuclear energy in 20-year Illinois plant deal

Washington, United States -- Facebook owner Meta announced Tuesday a 20-year nuclear energy agreement with US-based Constellation Energy to secure...
  • The investment marks big tech's latest move to meet surging electricity demand from AI, with Microsoft, Google and Amazon also turning to nuclear power as an energy source.
  • Under the deal, Meta's unspecified investment will replace state government subsidies to keep the Clinton Clean Energy Center operating beginning in 2027.