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

UN says aid to reach Gaza ‘in the next day or so’ via Rafah border

"We are in deep and advanced negotiations with all relevant sides to ensure that an aid operation in Gaza starts...
  • Desperately needed international aid piled up Friday in Egypt near Gaza, with Palestinians in dire need of food and water after relentless bombing by Israel
  • The UN says more than one million of Gaza's 2.4 million people have been displaced and that the humanitarian situation is worsening by the day

Lebanon national carrier halves flights amid fears of Israel war

BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
  • Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.
  • Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,

Israel army orders evacuation of northern city after Lebanon clashes

KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days...
  • Lebanon's Iran-backed Hezbollah and allied Palestinian factions have traded cross-border fire with Israel for days.
  • Israeli authorities have been steadily evacuating communities near the Gaza border and along the country's northern frontier.

Israeli Arabs face arrests and sackings as Gaza war escalates

Abir Bakr, a lawyer for Palestinian singer Dalal Abu Amneh who was arrested briefly four days ago, told AFP her...
  • Israeli Arabs -- many of whom identify as Palestinian citizens of Israel -- have expressed solidarity with Palestinians in Gaza amid Israel's aerial bombing
  • Students and workers inside Israel have been subject to dismissals and legal prosecution, Israel's left-leaning Haaretz newspaper wrote

Rockets fired at US army in Iraq, no casualty reported

Baghdad, Iraq - US troops stationed at two bases in Iraq have been targeted with rocket attacks that caused no casualties,...
  • An Iraqi security official had earlier told AFP that three Katyusha rockets struck near a base of the international coalition .
  • On Thursday evening, another rocket attack targeted the Ain al-Assad base in western Iraq, where US forces are also stationed.

GCC and ASEAN denounce Gaza attack, urge permanent ceasefire

The six-member Gulf Cooperation Council (GCC) and the 10-member Association of Southeast Asian Nations (ASEAN) also called for the release...
  • "As we gather, we are saddened by the escalating violence that Gaza is witnessing today, the price of which is being paid by innocent civilians," said Mohammed bin Salman.
  • "The violence must stop, humanity must be the priority in this moment, and we must prevent things from getting worse," Indonesian President Joko Widodo said.

Biden requests $10bn package, including Ukraine and Israel funds

The package also includes $7 billion for countering China and strengthening allies in the Asia-Pacific region, and over $9 billion...
  • In an impassioned Oval Office speech, Biden argued that the huge sums involved -- $61bn for Ukraine and $14bn for Israel -- would secure American interests for generations.
  • A growing number of Republicans -- and US voters in general -- oppose to adding to the $43.9 billion in security assistance that the United States has committed to Ukraine.

Thousands rally in support of Gaza across Egypt, says media

CAIRO, EGYPT – Tens of thousands of protesters rallied across Egypt in support of war-torn Gaza on Friday, with large crowds...
  • Several thousand packed into Tahrir Square, the epicentre of the 2011 uprising that toppled long-time autocrat Hosni Mubarak.
  • Media reports said rallies took place in other Egyptian cities on day 14 of Israel's bombardment of Gaza following Hamas's attack on October 7.

No suspension for Mazraoui over Gaza post, says Bayern Munich

Berlin, Germany - Bayern Munich on Friday said defender Noussair Mazraoui would not be suspended, after a probe into the Moroccan...
  • In the wake of the deadly attack on Israel by Hamas, Mazraoui had put up several pro-Palestinian posts.
  • The club's chief executive Jan-Christian Dreesen said Mazraoui "credibly assured us he rejects terror and war" .

Egypt ‘clearing path for Gaza aid’: security source, witnesses

The UN has described the situation inside Gaza as "beyond catastrophic" as Israel pounds the enclave from the air in...
  • Israel has refused to open its borders with Gaza but US President Joe Biden brokered a deal to allow aid in via the Rafah crossing with Egypt
  • The deal came with strict conditions from Israel, aid must only go to civilians and not fall into the hands of Hamas fighters

Nvidia to invest up to $100 bn in OpenAI data centers

San Francisco, United States - Nvidia said Monday it will invest up to $100 billion in OpenAI, building infrastructure for...

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Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

UN rights chief demands world act to stop Israel’s Gaza ‘catastrophe’

"As the complete blockade of assistance essential for survival enters its ninth week, there must be concerted international efforts to...

Meta releases standalone AI app, competing with ChatGPT

San Francisco, United States -- Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...
  • In its annual report, Amnesty charged that Israel had acted with "specific intent to destroy Palestinians in Gaza, thus committing genocide."
  • Israel has rejected accusations of "genocide" from Amnesty, other rights groups and some states in its war in Gaza

Amazon launches first Starlink-rival internet satellites

Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
  • The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit - the region of space up to 1,200 miles - with hopes of going live later this year
  • SpaceX launched the first batch of Starlink satellites in 2019 and now boasts more than 6,750 operational units, serving over five million customers worldwide

Putin orders three-day ceasefire; Zelensky slams it as manipulative ahead of Victory Day

Before Putin's announcement, US Secretary of State Marco Rubio held new talks with Russian counterpart Sergei Lavrov, having declared that...
  • Before Putin’s announcement, US Secretary of State Rubio told Lavrov this week is critical for peace efforts
  • The Kremlin said Putin had ordered a "ceasefire" for the 80th anniversary of Victory Day from May 8 to May 10