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.

Will Israel try to force Gaza’s population into Egypt?

Filippo Grandi, head of the UN refugee agency, warned Wednesday that pushing Gazans across the frontier would be "extremely destabilizing...
  • Writing on Facebook last month, extreme-right Finance Minister Bezalel Smotrich said he welcomed the "voluntary migration of Gaza Arabs to the countries of the world"
  • A number of former Israeli officials have suggested in TV interviews that Egypt could build vast tent cities in its Sinai desert, with international funding

Israeli envoy to UK rules out two-state solution with Palestinians

Tzipi Hotovely told Sky News that she did not believe in the long-standing position of the UK government and the...
  • The Israeli envoy Tzipi Hotovely said she did not believe that an independent Palestinian state should be established
  • "Why are you obsessed with a formula (the two-state solution) that never worked, that created this radical people on the other side," Hotovely added

Saudi ministry explores investment with Chinese groups in aquaculture

Shenzhen, China - Saudi Ministry of Environment, Water and Agriculture discussed ways to enhance investments between the Kingdom and China...
  • The National Fisheries Development Program, a delegation of Saudi ministry, participated in the Global Investment Promotion Conference.
  • The conference was held in the Chinese city of Shenzhen, and the two sides discussed investment opportunities and improving investment relations between the two countries.

Israeli forces kill 11 Palestinians in West Bank: Health ministry

The latest death was a 17-year-old boy who the ministry said was shot in the chest by the Israeli army...
  • Israel has occupied the West Bank since the 1967 Arab-Israeli war, and in recent months troops have carried out repeated deadly raids on Jenin.
  • 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.

EU reaches deal to reform electricity market

The agreement will see states given the "possibility to exclusively support" the acquisition of new renewable generation, in line with...
  • EU's plans are aimed at making the market less vulnerable to volatility
  • The deal includes a regulation that will improve the EU's protection against market manipulation

115 soldiers have been killed in Gaza war, says Israeli army

According to the military's official list of casualties, nine of those killed on Tuesday belonged to units that a military...
  • The 10 deaths recorded on Tuesday made it the single deadliest day for the military since its ground assault on the Palestinian territory began on October 27
  • The Israeli military campaign has so far killed more than 18,600 people in Gaza, also mostly civilians, according to the territory's Hamas-run health ministry

OPEC+ cartel’s grip on oil market loosening as demand slows: IEA

Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up...
  • The Paris-based IEA, which advises oil-consuming nations, noted that prices had fallen by around $25 per barrel since September highs.
  • Efficiency improvements and a booming electric vehicle fleet have also been lowering oil demand, it added.

Tesla files recall on 2m vehicles to fix autopilot software

Tesla's Autopilot program has spurred numerous government investigations as well as media exposes focusing on misuse or vulnerabilities. The system...
  • The recall affects models across Tesla's portfolio and will be addressed by an "over-the-air software remedy" typically performed remotely
  • The recall covers 2.03 million Tesla vehicles and includes Models S, X, Y and 3. Authorities in Canada said they were recalling 193,000 vehicles there

Number of journalists killed on job in 2023 declines despite Gaza: RSF

In the first 11 months of 2023, 45 journalists were killed carrying out their work, down from 61 last year,...
  • While some 63 journalists have been killed in Middle East since the October 7, only 17 of those deaths fell under RSF's definition
  • The decline is due to efforts by inter-governmental organizations and NGOs to combat impunity, as well as to greater "prudence" by reporters themselves

Somalia to get US$4.5bn in debt relief from creditors: IMF

The IMF said the debt relief will facilitate access to additional financial resources that will help it strengthen economy, reduce...
  • Its external debt has fallen from 64% of GDP in 2018 to less than six percent of GDP by the end of 2023
  • The IMF said that Somalia has implemented a poverty reduction strategy for at least a year

Israel confirms 137 more activists from Gaza-bound flotilla deported to Turkey

Jerusalem, Undefined - Israel said on Saturday that it had deported 137 more activists who were detained while taking part...

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Erdogan proposes new Putin-Zelensky-Trump meeting in Turkey, Trump ready to attend

Trump, who wants a swift end to the three-year war, is "open" to a three-way summit "if it comes to...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Airlines less optimistic for 2025, facing ‘headwinds’: IATA

New Delhi, India -- Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the...
  • The International Air Transport Association (IATA) estimates fewer than five billion air journeys will take place this year, compared with the previously forecast 5.22 billion.
  • Commercial aviation revenues are expected to remain below the $1 trillion forecast in the previous December projections, with IATA now reporting $979 billion.

Qatar table tennis says ‘prepared to escalate’ after chaotic vote

Doha, Qatar -- Qatar's table tennis association has warned of possible legal action as it disputes the result of a...
  • Tuesday's 104-102 vote to Soerling ended in such acrimony that the ITTF's annual general meeting was suspended.
  • The world body said the assembly was "disrupted by outsiders" after the election result was announced.

US envoy says France can ‘carve’ Palestinian state out of Riviera

Jerusalem, Undefined - The US ambassador to Israel Mike Huckabee has lashed out at France's advocacy for recognition of a...
  • France is co-chairing with Saudi Arabia this month an international conference at the United Nations aimed at resurrecting the idea of a two-state solution
  • In an interview with Fox News published on Saturday, Huckabee called the initiative at the UN "incredibly inappropriate when Israel is in the midst of a war".