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

Russia FM to visit Iran amid tensions in Middle East

Iran and Russia have bolstered ties in many fields over the last few years and Moscow has turned to Tehran...
  • Iran has invited foreign ministers of Russia, Turkey, Azerbaijan and Armenia for the talks
  • The talks come amid tensions in the Middle East as Israel ramps up its war on the Gaza Strip

US troops enhance presence in Middle East due to ‘escalations’

The United States warned against any "escalation" in the Middle East in the wake of Israel's war with Hamas, Defense...
  • US Defense Secretary Lloyd Austin ordered the activation of air defense systems and notified additional forces that they may be deployed soon.
  • The Pentagon's moves came after what Austin had earlier described in a statement as "detailed discussions" with President Joe Biden.

Fresh aid, including fuel, enters Gaza as Israel steps up strikes

A rare delivery of fuel enters the Palestinian territory; Netanyahu says Hezbollah will make "mistake of its life" if its...
  • The United Nations has estimated about 100 trucks per day are needed to meet the needs of 2.4 million Gazans given the "catastrophic" humanitarian situation.
  • Sunday's aid delivery through the Rafah crossing was the second such operation in two days after 20 trucks arrived on Saturday.

US private universities face donor pressure to support Israel

Several wealthy Americans have threatened to withdraw their financial support from prestigious private schools like the Ivy League's Harvard University...
  • The Wexner Foundation, which works to prepare young Jewish leaders in North America and Israel, went a step further: ending its partnership with Harvard's Kennedy School.
  • Harvard, which has an enormous endowment of close to $51 billion, says it derives some 8 percent of its operating revenue from gifts.

Israel steps up Gaza strikes ahead of ground invasion

"Gaza was a desperate humanitarian situation before the most recent hostilities," five UN agencies said. "It is now catastrophic." At...
  • The summit ended without a joint statement however, as Western officials demanded a clear condemnation of Hamas, and Arab attendees issued statements criticizing world leaders.
  • The scale of the bombing has left basic systems unable to function, with unidentified bodies were buried in a mass grave in Gaza City because cold storage has run out.

Israeli strikes knock out Damascus, Aleppo airports: Syria state media

While Israeli strikes have repeatedly caused the grounding of flights at the government-controlled airports in the capital Damascus and the...
  • The military source said the "simultaneous" strikes came "from the direction of the Mediterranean west of Latakia and from the direction of the occupied Syrian Golan"
  • Last weekend, Israeli strikes targeted Aleppo airport, wounding five people, a war monitor reported, also putting it out of service, according to the authorities

Russia seeks new Security Council meeting on Gaza war

It has repeatedly called for talks on ending the conflict, which has risked undermining its growing ties with Iran and...
  • Russia convened a meeting on the war on Monday but its ceasefire resolution failed due to opposition
  • More than 3,700 Palestinians, mainly civilians, have been killed across the Gaza Strip in relentless Israeli bombardments

India dispatches 38.5 tonnes of humanitarian aid for Gaza

New Delhi, India--India on Sunday flew 38.5 tonnes of humanitarian aid to Egypt's Sinai region for Palestinian civilians from the...
  • According to Indian foreign ministry, a plane loaded with 6.5 tonnes of medical aid and 32 tonnes of disaster relief material was dispatched for the people of Palestine
  • The aid included essential life-saving medicines, surgical items, tents, sleeping bags, tarpaulins, sanitary utilities, and water purification tablets

Iraq airbase hosting US troops hit by suicide drone

Since Wednesday, three Iraqi bases used by US-led coalition troops have been targeted in five separate attacks -- Ain al-Assad,...
  • A statement issued on Telegram channels used by pro-Iranian armed groups said the attack was carried out by a group calling itself the Islamic Resistance in Iraq
  • A second Iraqi security source told the attack had involved two suicide drones, "the first was intercepted and the second crashed because of a technical problem," source said

Mediation will lead to Hamas hostage releases very soon: Qatar

Berlin, Germany--Qatar, a key power in the efforts to release hostages seized by Hamas from Israel, believes they can be released...
  • A Qatari Foreign Ministry spokesman told a German newspaper that hostages can be released very soon "thanks to ongoing discussions"
  • On Friday evening two American hostages were released by Hamas in Gaza, with Doha's mediation playing a key role in their freedom

‘The time for peace has come:’ Macron recognizes Palestinian state at landmark UN summit

Israeli Prime Minister Benjamin Netanyahu has vowed not to allow a Palestinian state and far-right members of his cabinet have...

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AI companions present risks for young users, US watchdog warns

New York, United States -- AI companions powered by generative artificial intelligence present real risks and should be banned for...

UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...

Global stocks mostly rise as Trump grants auto tariff relief

Stocks moved sideways on Monday after notching four straight positive sessions last week as Trump adopted a more conciliatory posture...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Syria FM says wants to ‘strengthen relations’ with China

Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...
  • A foreign ministry statement said that Shaibani met with the Chinese ambassador to the United Nations, Fu Cong, at UN headquarters in New York
  • In the meeting with Beijing's envoy, Shaibani said the two countries "will work together to build a long-term strategic partnership in the near future

Abu Dhabi launches $500mn maternal health fund for Africa

Nairobi, Kenya -- A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in...
  • The Beginnings Fund brings together philanthropists including the Gates Foundation and the Mohamed bin Zayed Foundation for Humanity, run by the UAE president.
  • It set a deadline of 2030 to reach the $500-million target and has already reached $450 million in pledges, organizers said in a statement.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
  • In 2024, group's chairman Sheikh Ahmed bin Saeed Al Maktoum urged Boeing to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.
  • Boeing had been mired in problems including safety concerns after two 737 MAX crashes within five months and another scare involving the aircraft over Alaska in Jan 2024.