INSEAD Day 4 - 728x90

Uncategorized

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

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

World Bank lifts 2026 growth forecast, warns of softer demand

The bank expects world GDP growth of 2.6 percent this year, according to its latest global economic prospects report. The...

Economy

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...

Geostrategy
Business

Gaza truce talks resume in Egypt, without Israel for now

Mediators from Qatar, Egypt and the United States have been waiting for Hamas to respond to a proposal that, according...
  • The WHO says 1.2 million people, half of Gaza's population, have sought refuge in Rafah, which has been repeatedly threatened by Israel with an invasion.
  • US has reiterated its objections to a Rafah offensive, saying Israel has not presented a plan to protect the civilians sheltering there.
Geostrategy

United Nations estimates rebuilding Gaza will cost $30bn to $40bn

"The scale of the destruction is huge and unprecedented... This is a mission that the global community has not dealt...
  • He added that Gaza's reconstruction through the normal process could take decades, and the "Palestinian people do not have the luxury of waiting for decades".
  • "It is therefore important that we act quickly to re-house people in decent housing and restore their lives to normal -- economically, socially, in terms of health and education".
Business

Miral Destinations to showcase latest attractions at ATM 2024

Abu Dhabi, UAE -- Miral Destinations, a subsidiary of Miral and promotional partner for Yas Island and Saadiyat Island Abu...
  • Scheduled to take place from 6-9 May in Dubai, ATM offers a stage for Miral Destinations to demonstrate its dedication to innovation and sustainable tourism, media reports said.
  • Saadiyat Island Abu Dhabi is launching the ‘Elevate your Senses’ campaign during Arabian Travel Market.
Geostrategy

Hamas official insists Gaza ceasefire must be permanent

Hamas is considering a plan for a 40-day ceasefire and the exchange of scores of hostages for larger numbers of...
  • He said it was premature to say whether the Hamas envoys, who have returned from talks in Cairo to their base in Qatar, felt any progress was made.
  • A source with knowledge of the negotiations said Qatari mediators expected a response from Hamas in one or two days.
Geostrategy

More war debris in Gaza than Ukraine: UN Mine Action Service

And the danger for clearance work is restricted not just to unexploded ordnance but includes possible exposure to toxic substances...
  • "There's estimated to be over 800,000 tons of asbestos, for instance, alone in the Gaza rubble," said Mungo Birch, head of the UNMAS program in the Palestinian territories.
  • Birch said he hoped UNMAS, which works to mitigate the threats posed by all types of explosive ordnance, would become the coordination body for mine action in Gaza.
Business

UpLink launches initiatives to push circular carbon economy transition

Riyadh, Saudi Arabia -- UpLink, the World Economic Forum community dedicated to supporting early-stage impact-focused entrepreneurs, has announced the launch...
  • In collaboration with Saudi Arabia's Ministry of Economy and Planning and Ministry of Energy, UpLink unveiled its Circular Carbon Economy Partnership.
  • The partnership aims to select a cohort of 10-20 early-stage startups to receive support in scaling their impact over the next year.
Geostrategy

Saudi Arabia calls for ‘real commitment’ towards a Palestinian state

Riyadh, Saudi Arabia -- Saudi Arabia has called for a "real commitment to a two-state solution that is a credible, irreversible...
  • At the WEF meeting, Prince Abdulaziz bin Salman, Minister of Energy, said a just and equitable energy transition will only be achieved by using a range of energy sources.
  • Saudi Arabia's tourism sector has nearly doubled, growing from $35 billion to $66 billion, and set its sights on reaching $80 billion this year.
Business

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.
  • "The continued impact of the war in the Middle East more than offset positive comparable sales in Japan, Latin America and Europe," McDonald's said of the division.
  • Earlier this month, McDonald's agreed to acquire Alonyal, which owns 225 McDonald's restaurants in Israel which have been hit by calls for a boycott over Gaza onslaught.
Geostrategy

Activists occupy Columbia building as US campus protests flare

Demonstrators vowed to remain at the hall until their demands are met, including that Columbia divest all financial holdings linked...
  • Protests have swept through US higher education institutions, with many erecting tent encampments on campus grounds after around 100 protesters were first arrested at Columbia.
  • UN human rights chief Volker Turk voiced concern at the heavy-handed steps taken to disperse the campus protests.
Business

QatarEnergy signs $6 billion deal with China shipbuilder

The China State Shipbuilding Corporation (CSSC) is set to deliver eight Liquified Natural Gas (LNG) vessels in 2028 and 2029,...
  • Last month, QatarEnergy announced it had signed deals for a total of 104 smaller, conventional-size vessels.
  • Qatar is one of the world's top LNG producers alongside the United States, Australia and Russia.

World Bank lifts 2026 growth forecast, warns of softer demand

The bank expects world GDP growth of 2.6 percent this year, according to its latest global economic prospects report. The...
Economy

Company News

Latest News

Saudi PMI falls to 58.4 in Dec as non-oil private sector improves

Riyadh, Saudi Arabia -- The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia...
Business

Desert truffles: Saudi Arabia’s buried treasure

The 10-day Qassim Truffle Festival, currently in its fourth year, features 18 booths showcasing truffles, a dedicated auction area and...
Business

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...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

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.
Geostrategy

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.
Business

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.