INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

Israel strikes hit near Damascus: Syrian state media

Israel has targeted Syria several times in the past weeks as regional tensions simmer over the Israel-Hamas war in the...
  • Syrian Observatory for Human Rights group said the strikes targeted sites belonging to the powerful Lebanese Hezbollah group
  • Israeli strikes last month put Syria's two main airports in Damascus and Aleppo out of service several times over two weeks

UN chiefs reject unilateral proposals to create ‘safe zones’ in Gaza

Geneva, Switzerland - The heads of numerous United Nations agencies and other humanitarian organizations said on Thursday they would not take...
  • The officials said they "will not participate in the establishment of any 'safe zone' in Gaza that is set up without the agreement of all the parties".
  • They added that proposals to unilaterally create 'safe zones' in Gaza risk creating harm for civilians, including large-scale loss of life.

Emirates sign deal with Airbus to buy 15 A350-900s

Dubai, UAE - Dubai-based Emirates on Thursday announced an order for 15 long-haul Airbus A350-900s, bringing to 110 the number of...
  • "The A350-900s will add to our fleet mix and we are pleased to announce additional orders for this aircraft type, said Emirates official
  • "We plan to deploy our A350s to serve a range of new markets including long-haul missions of up to 15 hours flying time from Dubai," he added

EU chief asks Israel not to be consumed by rage in Gaza

Kibbutz Beeri, Israel - EU foreign policy chief Josep Borrell on Thursday called for Gaza hostages to be immediately freed, but...
  • Speaking at Kibbutz Beeri, whose leaders reported around 85 people killed and around 30 taken prisoner by Hamas, Borrell said "Israel has to be defended".
  • Israel has bombarded targets in Gaza and sent in ground troops against Hamas, killing more than 11,500 people, local Hamas government said

Siemens posts record profit

Its shares rose over 6 percent on the Frankfurt Stock Exchange.
  • The company, whose businesses range from making trains to automating production processes, earned a net profit of $8.62 billion in 2022-2023.
  • Sales, at $84.6 billion, rose 11 percent on the previous year while for 2024, the group expects revenue to grow in a range of between 4 and 8 percent.

The AI of war: computers and autonomous killing

Observers say Beijing is massively investing in AI, to the point where it may soon be able to change the...
  • Ahead of a summit between China's Xi Jinping and US President Joe Biden, there had been suggestions that the two men would agree to ban lethal autonomous weapons
  • The meeting appeared to produce no such accord, but experts say it's a vital topic that is already altering armed conflict -- and switching up the competition for global supremacy

UN official calls for probe over human rights violations in Israel-Hamas war

Geneva, Switzerland - The UN human rights chief on Thursday decried serious allegations of international law violations in the Israel-Hamas war...
  • Turk was speaking after a visit last week to the Middle East, where he warned that both sides were committing war crimes in the deadly conflict.
  • He added his most important recommendation was that all parties had to acknowledge that all human lives have equal value.

UN Security Council calls for ‘humanitarian pauses’ in Gaza

The resolution, prepared by Malta and adopted with 12 votes in favor, "calls for urgent and extended humanitarian pauses and...
  • The resolution called on all parties to comply with international humanitarian obligations "notably with regard to the protection of civilians, especially children
  • It also called for the "immediate and unconditional release of all hostages held by Hamas and other groups, especially children." Over 230 hostages are believed to be held by Hamas

Qatar calls for international probe into Israeli raids on Gaza hospitals

Israeli forces raided and then combed through Al-Shifa, Gaza's largest hospital, before withdrawing and redeploying around its outskirts, a journalist...
  • Qatari foreign ministry in a statement called for "an urgent international investigation" including by UN to look into "the targeting of hospitals by the Israeli army"
  • Qatari mediation efforts have so far led to the release of four out of around 240 hostages Israeli officials estimate were seized by Hamas fighters on October 7

Israeli opposition leader calls on Netanyahu to resign ‘immediately’

Four days after Hamas's surprise October 7 attack on Israel, Netanyahu and another opposition leader, Benny Gantz, announced an agreement...
  • Lapid called for a no-confidence vote in parliament that would allow for the formation of a new government led by another member of Likud party
  • In a statement posted to Telegram, Likud immediately rebuffed the call, saying such a proposal in a "time of war" was "shameful"

‘We’ll be ruined’: Iranians feel strain as sanctions snap back

Tehran, Iran -- As United Nations sanctions returned in full force on Sunday, Iranians felt the strain deepen, with prices...

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Warm Trump-Erdogan ties puts Turkey at heart of peace diplomacy

Turkey is deploying all-out diplomatic efforts to secure a Russia-Ukraine deal, to ease Syria's relations with the West and facilitate...

Ukraine, Russia to hold first direct talks since 2022

War rivals Ukraine and Russia are set to go into their first direct talks in more than three years on...

Turkey eyes legal steps after Kurdish militant group PKK disbands

Ankara, Turkey - After the decision by the Kurdish militant group PKK to disband, Turkey was eyeing Wednesday a raft...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Trump presses Syria leader on Israel after lifting sanctions

US President Donald Trump landed in Doha Wednesday after visiting Riyadh, where he urged Syria's president to normalise with Israel...
  • Trump became the first US president in 25 years to meet a Syrian leader -- Ahmed al-Sharaa, an erstwhile Islamist guerrilla and jihadist who had been on a US wanted list
  • Turkey and Saudi Arabia both advocated reconciliation with Syria, but the move is the latest to put Trump at odds with Israel, which has expressed deep scepticism of Sharaa

Trump welcomed grandly as Saudis invest big in US arms

Under imposing chandeliers, Trump welcomed a promise by Crown Prince Mohammed bin Salman, who effectively rules the kingdom due to...
  • The White House said that Saudi Arabia would buy nearly $142 billion in weapons in what it described as the largest-ever weapons deal
  • The US leader will also visit Qatar and the United Arab Emirates, fellow oil-rich Arab monarchies with long-standing ties to the United States, and to Trump

Ocalan: founder of the PKK who authored its end

Abdullah Ocalan, the jailed founder of the militant Kurdistan Workers' Party (PKK), is an icon to many Kurds but a...
  • After a decades-long insurgency against Turkey that resulted in tens of thousands of deaths, the PKK said on Monday it was disbanding and ending its armed struggle
  • The move came after Ocalan issued a historic call on February 27 for his fighters to lay down their arms in a major step towards ending the decades-long conflict