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.

Israel hits targets near Damascus with air strikes

According to the Syrian Observatory for Human Rights, a Britain-based war monitor, the strikes had targeted "Hizbollah sites" in the...
  • A security official said that anti-aircraft defences shot down some missiles
  • Israel has launched hundreds of air strikes on Syria since civil war began in 2011

UN climate talks home in on fossil fuel deal

Negotiators have failed to produce a new draft agreement since the last text was released on Friday. The document includes...
  • Jaber, the head of the national oil company of the United Arab Emirates, has urged countries to find a "consensus and common ground" on fossil fuel
  • Saudi Arabia has opposed any phase-out or phase-down of fossil fuels and told COP28 that its "perspectives and concerns" must be taken into account

Saudis, Iraq stand firm as COP28 mulls phase-out of fossil fuels

With less than 48 hours left before the conference's official end, COP28 president Sultan Al Jaber invited ministers to give...
  • The European Union and members of Pacific islands states threatened by rising seas reiterated their calls for a phase-out of fossil fuels.
  • A Saudi official told the COP28 majlis that Riyadh's "perspectives and concerns" must be taken into account.

Original Asterix cover for auction despite legal challenge

BRUSSELS, BELGIUM -  An original cover painting from the 1963 comic book Asterix and Cleopatre was to go under the hammer...
  • The sale was almost blocked by the daughter of the late French illustrator Albert Uderzo, who filed a complaint with Belgian prosecutors.
  • Sylvie Uderzo argued that if her father had given the painting away he would have signed and dedicated it.

UN agency chief says Israel trying to force Gazans into Egypt

"The United Nations and several member states, including the US, have firmly rejected forcibly displacing Gazans out of the Gaza...
  • The widespread destruction in the Palestinian territory's north and the resulting displacements were "the first stage of such a scenario", he added
  • "If this path continues, leading to what many are already calling a second Nakba, Gaza will not be a land for Palestinians anymore," Lazzarini said.

Efforts ongoing to renew Israel-Hamas truce, says Qatar

DOHA, QATAR - Mediation efforts are continuing to secure a new Gaza ceasefire despite ongoing Israeli bombardment that is "narrowing the...
  • Qatar was a key mediator in negotiations that resulted in a seven-day truce, which saw scores of Israeli hostages exchanged for Palestinian civilians.
  • The United Nations Secretary-General had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza.

COP28 President Sultan Al Jaber warns ‘failure is not an option’

With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200...
  • What we are after is the common good. What we're after is what is in the best interest of everyone, everywhere," he said.
  • Jaber spoke ahead of a "majlis", a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.

Progress but divisions persist as climate summit fights over fossil fuels

Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to...
  • A third draft of fossil fuel deal, released on Friday, offers various ways to phase out fossil fuels but also includes the option to avoid the issue entirely
  • OPEC Secretary-General Friday urged the cartel's 13 members and 10 allies to "proactively reject" any language that "targets" fossil fuels rather than emissions

UN Security Council ‘paralyzed’ over Gaza: UN chief

Antonio Guterres had convened an emergency meeting of the UN Security Council after two months of fighting in Gaza. He...
  • Guterres said the council was "paralyzed by geostrategic divisions"
  • He said the body's authority and credibility were undermined by its delayed response to conflict

Syria strikes kill 6 civilians in rebel bastion: monitor

On Friday, it said 11 pro-government forces and five HTS fighters had been killed after the jihadists launched an attack...
  • Six civilians, "including two children and a woman", were killed in Idlib and Sarmin, while 25 others were wounded in the strikes in various areas of Idlib province
  • Government forces fired "more than 35 missiles" during the bombardment, said the Syrian Observatory for Human Rights, a Britain based war monitor

Trump demands Hamas agree to deal by Sunday or face ‘all hell’

"If this LAST CHANCE agreement is not reached, all HELL, like no one has ever seen before, will break out...

Company News

Latest News

Indian airline IndiGo orders 30 Airbus A350 widebody planes

New Delhi, India -- Indian airline IndiGo said on Sunday it had signed an order for 30 more Airbus A350-900s,...

Oil under $65 a boon for consumers, but a burden on producers

London, United Kingdom -- US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by...

The five biggest-selling gaming consoles

From the first video game consoles of the 1970s to the Nintendo Switch 2 due out on Thursday, hundreds of...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Silicon Valley VCs navigate uncertain AI future

The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations.
  • Leading the pack is OpenAI, which raised $40 billion in its latest funding round at a $300 billion valuation -- unprecedented largesse in Silicon Valley's history.
  • Other AI giants are following suit. Anthropic now commands a $61.5 billion valuation, while Elon Musk's xAI is reportedly in talks to raise $20 billion at a $120 billion price tag.

How social media can ‘trigger’ eating disorders in young people

Paris, France -- Social media can push vulnerable young people towards developing eating disorders by glorifying thinness and promoting fake,...
  • Young women and girls are much more likely to suffer from illnesses such as anorexia, bulimia and binge eating disorder, though rates among men have been increasing.
  • Research has shown the percentage of people worldwide who have had some kind of eating disorder during their lives rose from 3.5 percent in 2000 to 7.8 percent in 2018.

ADNOC expands its STEM Education Programme to empower UAE students in AI

Abu Dhabi, UAE  – ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education programme to empower UAE students...
  • Launched in January 2025, the Future of AI Schools Challenge received 14,500 applicants from 351 schools across the country
  • During the final, ADNOC and AIQ showcased how ENERGYai, the world’s first agentic AI solution for the energy industry