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

US to evacuate nationals from Israel by ship on Monday

Tens of thousands of US passport holders live in Israel and 29 have been confirmed killed in the Hamas attacks...
  • The US embassy did not say how many people would be taken on the ship but said "boarding will proceed in order of arrival and is on a space limited basis."
  • Each passenger will have to sign a document promising to repay the cost of the trip and will only be allowed to carry one suitcase.

France exhorts Hezbollah to stay out of Israel-Gaza conflict

Hezbollah and other Palestinian factions in Lebanon have exchanged cross-border fire with Israel since Hamas's surprise October 7 attack on...
  • Paris also called for reporters covering the Israel-Hamas war to be protected after one journalist was killed and six others wounded in firing along the Lebanese border on Friday
  • Hezbollah and Lebanon must "exercise restraint to avoid opening a second front in the region", of which "the first victim will be Lebanon", French presidency said in a statement

Evacuating Gaza patients effectively death sentence: WHO

The UN health agency said in a statement that it strongly condemns Israel's repeated orders for the evacuation of 22...
  • WHO said the forced evacuation will further worsen the current humanitarian and public health catastrophe
  • Israel struck northern Gaza with fresh air strikes on Saturday before an expected ground offensive

Second US aircraft carrier to back Israel as Biden stresses civilian protection

The presence of the USS Eisenhower and its affiliated warships in the eastern Mediterranean signals Washington's "ironclad commitment to Israel's...
  • US President Joe Biden spoke on the phone Saturday with Israeli Prime Minister Benjamin Netanyahu and "affirmed his support for all efforts to protect civilians"
  • Biden also spoke with Palestinian leader Mahmud Abbas for the first time since hostilities broke out a week ago and "condemned Hamas' brutal attack on Israel"

Chinese envoy to visit Middle East to push peace talks

The envoy "will visit the Middle East next week to coordinate with various parties for a ceasefire, to protect civilians,...
  • Beijing's top diplomat Wang Yi called for the United States to "play a constructive and responsible role" in the conflict
  • Zhai met with Arab League's representatives and said Beijing supported the regional group role on the Palestinian issue

Qatar banker Sheikh Jassim withdraws bid to buy Man Utd

Sheikh Jassim was among the front-runners to buy Manchester United after several rounds of bidding earlier this year, but the...
  • British billionaire Jim Ratcliffe is now set to secure a 25 percent stake in the club for around $1.7 billion
  • Al Thani's bid was for full control of Manchester United and promised to clear the club's borrowings

Aid groups urge Gaza safe zones amid Israeli invasion threat

Jerusalem - International aid groups and major powers have pleaded with Israel to set up safe zones in Gaza where...
  • Currently, Israel has designated two north-south routes in Gaza where it has promised safe passage for six hours a day, but its validity remains uncertain.
  • The United States and Doctors Without Borders called for "secure zones" and the Norwegian council said there should be "humanitarian corridors".

Egypt, Israel to allow US citizens to leave Gaza via Rafah crossing

Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing...
  • The official said that 500-600 US citizens in the Gaza Strip had reached out for information on leaving the hemmed in territory.
  • US officials earlier had voiced interest in letting people flee to Egypt but backtracked after seeing limited support in the region.

Israel refuses to give more time for Gaza evacuation

Jerusalem - The Israeli military said on Saturday that Gaza City residents must not delay their departure before a military...
  • Israel has faced calls from the United Nations, United States and European Union to delay an expected full offensive to give civilians time to leave.
  • The Israeli military has indicated that Gaza city will be the focus of its operations because this is the base for the Hamas leadership.

WHO transports Gaza aid to Egypt, waits for humanitarian access

Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...
  • The WHO supplies include enough medicines to treat 1,200 wounded patients and 1,500 patients suffering from various diseases.
  • The supplies were ready to go in once humanitarian access could be established through the Rafah crossing from Egypt into the southern Gaza Strip.

Seismic shift: UK, Australia and Canada recognize Palestinian state

Portugal was also to recognize Palestinian statehood, as Israel came under huge international pressure over the war in Gaza where...

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Iran, US discuss nuclear deal in third round of talks

Muscat, Oman - The United States and Iran went into detail about a potential nuclear deal Saturday at their third...

Trump, Zelensky meet on sidelines of pope’s funeral

US President Donald Trump on Saturday criticized Russian President Vladimir Putin for attacks on civilian areas of Ukraine in recent...

Tariff war: Xi says China must ‘overcome’ AI chip challenges

Beijing, China - President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Huge crowds flock to Vatican for Pope Francis’s funeral

Tens of thousands of mourners flooded into St Peter's Square on Saturday for the funeral of Pope Francis, the champion...
  • Some people waited overnight to be first in the queue for the ceremony, which will be attended by world leaders including US President Donald Trump
  • The Argentine pontiff, who died on Monday aged 88, sought to steer the centuries-old Church into a more inclusive direction during his 12-year papacy

UN warns of manmade starvation in Gaza as food aid remains blocked by Israeli authorities

The World Food Programme says it has run out of food in Gaza, warning that hot meal kitchens—Gaza’s last major...
  • WFP, one of the main providers of aid in the Palestinian territory, said it had "delivered its last remaining food stocks to hot meals kitchens in the Gaza Strip" on Friday
  • After blocking aid during an impasse over the future of a ceasefire with Hamas, Israel resumed its bombardment of Gaza on March 18, followed by a ground offensive

WFP says has depleted all Gaza food stocks as Israel blocks aid

After 18 months of war, the situation in Gaza "is probably the worst" now, the United Nations' humanitarian agency OCHA...
  • WFP added that all 25 bakeries it supports in Gaza were forced to close on March 31 as wheat flour and cooking oil ran out.
  • "This is the longest closure the Gaza Strip has ever faced, exacerbating already fragile markets and food systems," it said.