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

Israeli troops storm Gaza City’s Al-Shifa hospital

Israel has repeatedly claimed that Hamas uses the hospital as cover for a command post and weapons stores, a claim...
  • Israel said its troops were carrying out "a precise and targeted operation against Hamas"
  • Hamas has accused US President Joe Biden of being responsible for the Israeli assault on Al-Shifa

Snapchat to add in-app Amazon shopping

In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will...
  • Snapchat-parent Snap shares shot up more than 7 percent on the news, ending the formal trading day at $12.15 per share
  • Snap and Amazon last year unveiled a collaboration that let Snapchat users "try on" eyeglasses using AR then buy those they liked at Amazon

Israeli army kills eight Palestinians in occupied West Bank

The Israeli army said its forces conducted "counterterrorism activities" in the city, during which "engineering vehicles uncovered explosive devices planted...
  • Seven Palestinians were killed during an Israeli military raid on the northern city of Tulkarem, the health ministry and a local hospital said
  • In a separate incident near the southern West Bank city Hebron, a 20-year-old Palestinian was killed by "occupation bullets", the Palestinian health ministry said

179 Palestinians buried in ‘mass grave’ at Gaza hospital complex

A journalist inside the hospital who is collaborating with AFP said the stench of decomposing bodies was everywhere in the...
  • "We were forced to bury them in a mass grave," said Al-Shifa hospital director Mohammad Abu Salmiyah
  • "There are bodies littered in the hospital complex and there is no longer electricity at the morgues," he said.

EgyptAir orders 10 Airbus A350 planes in $3.2bn deal at Dubai Airshow

The transaction is worth $3.2 billion, reports say.
  • Airbus commercial director Christian Scherer told a news conference the deal marked "an important milestone" in the "long and successful partnership" with EgyptAir
  • Airbus, which on Monday announced an order for 30 A220-300s from Latvian budget carrier airBaltic, has been overshadowed by US rival Boeing at this year's Dubai Airshow

Israel army seizes Gaza parliament, other government buildings

Military units "took over the Hamas parliament, the government building, the Hamas police headquarters and an engineering faculty that served...
  • The army said the institutions have been "used for training in preparation for the attack on Israel" on October 7.
  • Israel has heavily bombed and invaded the densely populated Gaza Strip, killing more than 11,200 and displacing hundreds of thousands of people.

Foxconn reports 11% rise in profit

Foxconn is China's largest private-sector employer.
  • Foxconn said net profit for July-September rose to Tw$43.1 billion (US$1.3 billion) from Tw$38.8 billion in the same period last year
  • Tuesday's results follow consecutive quarterly profit misses - with January-March seeing a drop of 56 percent and a one percent fall in next three months

UN demands access to address humanitarian plight in Sudan

The parties to the conflict pledged last week at talks in Saudi Arabia to improve humanitarian access, tasking the UN...
  • Martin Griffiths demanded unimpeded access for UN relief teams to help stem what he called the "avalanche of human suffering" in Sudan
  • After nearly seven months of conflict between the Sudanese army and RSF "almost 25 million people in Sudan are now in need of humanitarian assistance," Griffiths said

Lebanese journalists blame Israeli army for ‘targeting’ colleagues

A local mayor and Lebanese state media corroborated the journalists' account of the cross-border incident, which came exactly a month...
  • Al Jazeera's Lebanon bureau chief accused Israel of "directly targeting" the group, adding that the journalists were in an open area
  • Lebanon's official National News Agency also said two Israeli strikes "targeted a media team" who were working in Yarun

1962 Ferrari auctioned for $51.7 m in New York: Sotheby’s

Dating from 1962, the legendary Scuderia sports car -- chassis 3765, four-liter engine developing 390 horsepower -- had finished second...
  • The bright red roadster had been the property of an American collector for the past 38 years
  • The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room

Former France manager Blanc sacked by Saudi side Al Ittihad

Paris, France -- Saudi side Al Ittihad sacked manager Laurent Blanc on Sunday in the wake of a 2-0 defeat...

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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...

Al Jazeera says allowed to resume work in Palestinian territories

Ramallah, Palestinian Territories - Al Jazeera's Ramallah bureau chief said on Monday the news channel could resume working in the...

Israel hits Gaza hospital in raid Hamas says killed journalist

Israel's military said it struck a Gaza hospital housing militants, in a raid on Tuesday that, according to Hamas, killed...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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US announces new sanctions against Iran amid talks

The United States announced new sanctions Monday against Iran over its nuclear program, despite ongoing negotiations between the two countries...
  • The latest sanctions target three Iranian citizens and an Iranian entity with links to Tehran's Organization of Defensive Innovation and Research,
  • The discussions began last month and aim to seal a new accord that would prevent Iran from having a nuclear weapon. Tehran denies seeking to build one

Hollywood stars condemn Gaza ‘genocide’ on eve of Cannes Festival

Cannes, France - More than 350 figures from the cinema world including Hollywood stars Richard Gere and Susan Sarandon condemned...
  • A documentary on slain Gazan journalist Fatima Hassouna is set to premiere at Cannes, spotlighting the toll of Israel's strikes
  • Hollywood star Tom Cruise and French icon Gerard Depardieu are set to make headlines at this year’s festival, on and off the red carpet

US, China to slash tariffs as Trump to speak to Xi

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies...
  • The world's two biggest economies agreed in a joint statement to bring their triple-digit tariffs down to two figures and continue negotiations
  • China hailed the "substantial progress" made at the talks, held at the discreet villa residence of Switzerland's ambassador to the United Nations in Geneva