INSEAD Day 4 - 728x90

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EasyLease H1 profit $12.2m

Revenue rises on stronger operations.

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

From Wall Street to Cairo: Face-to-face dialogue defines global leadership

True global leadership is forged through sustained, face-to-face dialogue, cross-cultural immersion, and relationships that transcend digital convenience and headline-driven narratives.

Israeli invasion destroys 90% of Gaza livestock, poultry farms

Gaza, Palestinian Territories - The Israeli forces have decimated 90 percent of 2,500 poultry and cattle farms in Gaza during...
  • A million turkeys distributed across 150 farms, were culled, in addition to 80 percent of the total domestic poultry population, estimated to be 300,000 birds.
  • Israeli forces destroyed 90 percent of the 100 cattle farms, which were breeding 50,000 calves annually, and culled 2,200 cows in 400 farms.

Renowned designer Cucinelli stresses sustainability at Saudi event

Riyadh, Saudi Arabia -- Renowned luxury fashion designer Brunello Cucinelli shared his insights on building a global brand and the...
  • Brunello Cucinelli, who founded his luxury fashion brand in 1978 in Italy, is recognized for creating meticulously crafted pieces from the finest cashmere.
  • He emphasized the need to blend traditional techniques with modern design to create unique and authentic pieces.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.
  • The aircraft, featuring Emirates' latest cabin products, is the first of 65 A350s joining the airline's fleet over the coming years.
  • Emirates has configured its A350 to provide three cabin classes, accommodating 312 passengers in 32 next-generation Business Class lie-flat seat.

Winter rains, flooding and limited aid worsen Gaza tragedy: IOM

"Vulnerable people, including at least seven infants, have died from hypothermia, and these tragic deaths underscore the urgent need for...
  • As of mid-Dec, the Shelter Cluster, a coordination group of UN, international and local humanitarian, estimates at least 945,000 still urgently need winterization assistance.
  • IOM has delivered nearly 180,000 emergency shelter items to partners inside Gaza since mid-November and has over 1.5 million more winter supplies.

Oil extends gains on hopes of policy support for economic growth

Singapore - Oil prices extended gains on Friday after closing at their highest in more than two months in the...
  • Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday.
  • Lower interest rates should spur more economic growth which would lead to higher fuel consumption.

Dubai Airport set for record start to 2025: 4.3m guests in 15 days

Dubai, UAE -- Dubai International Airport (DXB) is on track to welcome 4.3 million guests in the first 15 days...
  • With an average of 287,000 guests passing through daily during this period DXB is operating at volumes akin to its busiest months ever.
  • This performance reflects a surge in international visitors flying out after the festive season, coupled with residents returning from holidays.

18 Palestinians killed in Israeli strikes on northern, southern Gaza

Palestinian news agency (WAFA) reported that eight Palestinians were killed, and others were injured in an airstrike by the Israeli...
  • In Khan Younis, in southern Gaza Strip, six Palestinians were killed, and others were injured in an airstrike by the Israeli forces targeting a building in the city center.
  • Moreover, three Palestinians, including a woman, were injured when Israeli aircraft bombed a school sheltering displaced people northwest of Nuseirat in central Gaza Strip.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.
  • It is aimed at financing the general budgetary needs and was secured with the participation of three regional and international financial institutions.
  • The arrangement of these credit facilities aligns with the Kingdom's medium-term public debt strategy, aimed at diversifying funding channels.

Dubai real estate market saw record transactions worth $142.1bn in 2024

Dubai, UAE -- Dubai’s real estate market recorded 180,900 transactions worth AED 522.1 ($142.1 billion) in 2024, a market report...
  • The transaction volume surged by 51 percent to 119,800 in 2024, reflecting a substantial increase in buyer confidence and developer activity.
  • There was also a steady appreciation in the average price per sq ft, which was up 10 percent to AED 1,600.

Israeli forces killed 45,553 Palestinians since Oct 2023: Health ministry

Gaza, Palestinian Territories -- The Israeli forces have killed at least 45,553 Palestinian civilians and injured at least 108,379 others,...
  • At least 108,379 other civilians, most of them children, have been injured and thousands remain under debris.
  • The ministry said the Israeli forces committed two massacres against Palestinian families in the Gaza Strip over the past 24 hours.

Chrome vulnerability allowed extensions to hijack Gemini panel, researchers say

According to researchers, the vulnerability allowed attackers to tap into the browser environment and potentially access files on a user’s...

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Iran president says ‘rioters’ must not disrupt society

Pezeshkian accused the United States and Israel of "trying to escalate this unrest with regard to the economic discussion and...

Novel concept: China’s spellbinding bookstores draw selfie snappers

Tianjin, China -- Towering accordion steps and a fantastical spiral staircase greet visitors to a massive bookstore in northern China's...

Yemen presidential council says Saudi coalition to lead all southern forces

The announcement comes a few days after Yemeni forces supported by Saudi Arabia recaptured large swathes of territory from the...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Some food preservatives linked to higher cancer, diabetes risk

Paris, France -- Eating some common food preservatives is linked to a slightly higher risk of eventually developing cancer and...
  • The preservatives included nitrites and nitrates, which are often used to cure ham, bacon and sausages.
  • The second study, published in Nature Communications, also found a link between eating some food additives and developing type 2 diabetes.

Gazans fear renewed displacement after Israeli strikes

Residents say the strikes have targeted neighborhoods east of the so-called Yellow Line -- a demarcation established under the truce...
  • Earlier this month, Israeli army chief Lieutenant General Eyal Zamir described the Yellow Line as the "new border line" with Israel.
  • For Palestinian officials, the line is seen as a tool for permanent displacement.

US unemployment rises further, hovering at highest since 2021

A deteriorating jobs market could nudge the central bank to lower rates further to boost the economy, despite some policymakers'...
  • The report underscoring a labor market cooldown in the world's biggest economy said the economy lost 105,000 jobs in October.
  • Hiring picked up again in November to 64,000, but this was still a slower pace than before.