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.

Eurozone business activity continues downward trend in December

BRUSSELS, BELGIUM - Business activity in the eurozone slumped at a faster rate in December, weighed down by a deeper downturn...
  • The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global fell to 47 in December from 47.6 in November.
  • A figure below 50 indicates contraction and the risk of recession in the 20-nation single currency area remains, analysts warned.

Erdogan says US has ‘historic responsibility’ to ensure Gaza ceasefire

Erdogan has been one of the Muslim world's most vocal critics of Israel's military tactics in Gaza. He has referred...
  • Turkish leader spoke on the telephone with US President in their first talks since October 7, when an unprecedented attack on Israel by Hamas sparked the war
  • During the telephone call, Erdogan said that "the United States has a historic responsibility to ensure a permanent ceasefire in the region as soon as possible"

Coal use to decline next year after record high in 2023: IEA

The latest forecast came after nearly 200 countries at the COP28 UN climate talks adopted a deal stating that the...
  • Consumption of the dirtiest fossil fuel rose by 1.4 percent in 2023 to a record 8.5 billion tones, as increases in China, India and Indonesia outweighed falling demand in Europe
  • "We expect to see a trend emerging of declining worldwide coal demand, starting in 2024," the IEA said, as renewable power generation from solar and wind continues to expand

Multi-day Israeli raid kills 11 in West Bank: ministry

The latest death was a 17-year-old boy who the ministry said was shot in the chest by the Israeli army...
  • Israeli troops launched their incursion into the northern city of Jenin and its refugee camp early Tuesday and were still present on Thursday afternoon
  • More than 280 Palestinians have been killed by Israeli forces or settlers in the West Bank since the war in Gaza erupted on October 7, health officials say

US urges Israel to scale down Gaza offensive

US National Security Advisor Jake Sullivan made the push during talks in Tel Aviv with Prime Minister Benjamin Netanyahu and...
  • White House said earlier that Sullivan had pushed Israel on the timing of the war after Israel's defense minister told him that the conflict would last several more months
  • Washington has strongly backed Israel's right to defend itself, but mounting civilian casualties in the Palestinian territory have caused a growing rift between the close allies

Palestinian presidency slams mosque ‘desecration’ by Israel army

Video footage obtained by AFP showed soldiers inside a mosque in Jenin refugee camp using loudspeakers to recite the Shema...
  • "Israeli occupation forces' desecration of a mosque in the Jenin camp is shameful and condemnable behavior," Palestinian presidency spokesman Nabil Abu Rudeineh said
  • Abu Rudeineh called on the international community and US to "put pressure on Israel to stop its violations against Palestinian people, their property and their sanctities."

Yemen rebels fire missile at cargo ship in Red Sea

A US official earlier said "we have indications that a missile was fired at the Maersk Gibraltar from a Houthi-controlled...
  • No one was hurt in the incident involving the Maersk Gibraltar, which was sailing from Salalah, Oman to Jeddah, the Danish shipping giant said.
  • Houthi spokesman Yahya Saree said the attack came after the ship's crew "refused to respond to the calls of the Yemeni naval services."

EU seeks critical details from Apple and Google on digital safety

Brussels, Belgium - The EU demanded on Thursday that Apple and Google provide more details on how they identified risks concerning...
  • The European Commission said it wanted "more information on how" Apple and Google "have diligently identified any systemic risks concerning the App Store and Google Play"
  • It also wants the companies to demonstrate that they have complied with rules on digital marketplaces and transparency about adverts in order to protect users online.

Gulf expects no change in oil export despite deal at COP28

Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes...
  • The deal "doesn't impose anything" on oil-producing countries and allows them to cut emissions "according to their means and their interests", Saudi minister said.
  • The United Arab Emirates' official WAM news agency called it a "win-win for all", describing COP28 as a "watershed moment in the fight against climate change".

Germany to stop accepting imams from Turkey

BERLIN, GERMANY -  Germany will stop accepting imams sent from Turkey and instead train the Muslim clerics on home soil in...
  • An agreement has been reached with the Turkish-Islamic umbrella group DITIB to phase out foreign imams.
  • The train would be 100 a year in Germany to replace them, the ministry said in a statement.

Hundreds of thousands turn out at pro-Palestinian marches in Europe

Huge numbers turned out at pro-Palestinian rallies in Europe on Saturday, calling for an immediate end to the war in...

Company News

Latest News

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...

Lebanon on bumpy road to public transport revival

Beirut, Lebanon - On Beirut's chaotic, car-choked streets, Lebanese student Fatima Fakih rides a shiny purple bus to university, one...

In Cairo, the little indie cinema that could

Cairo, Egypt - In the heart of Cairo, a small cinema has for over a decade offered a unique space...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Father of six killed ‘for piece of bread’ during Gaza aid distribution

Cries of grief echoed across southern Gaza's Nasser Hospital Monday as dozens came to mourn Hossam Wafi, after the father...
  • Israel faces growing condemnation as famine looms and aid seekers are killed in Gaza
  • The UN says the GHF-run aid centres contravene basic humanitarian principles and risk civilian lives

UN chief calls for probe into deaths near Gaza aid site

Gaza's civil defense agency said Israeli gunfire killed at least 31 people and wounded 176 near the aid distribution site...
  • "I am appalled by the reports of Palestinians killed and injured while seeking aid in Gaza yesterday," Guterres said.
  • "I call for an immediate and independent investigation into these events and for perpetrators to be held accountable."

Hey chatbot, is this true? AI ‘factchecks’ sow misinformation

Washington, United States -- As misinformation exploded during India's four-day conflict with Pakistan, social media users turned to an AI chatbot...
  • NewsGuard's research found that 10 leading chatbots were prone to repeating falsehoods, including Russian disinformation narratives.
  • The quality and accuracy of AI chatbots can vary, depending on how they are trained and programmed, prompting concerns that their output may be subject to political influence.