INSEAD Day 4 - 728x90

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2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Acute hunger, healthcare collapse worsen Gaza crisis

The situation in Gaza is a humanitarian catastrophe, with hospitals like Al-Shifa and Al-Sahaba facing dire shortages of medical supplies...
  • Once Gaza's largest hospital, Al-Shifa is now confined to providing only basic first aid, severely limited by ongoing hostilities.
  • In Gaza, extreme hunger drives people to desperate measures, risking their safety in a relentless search for food to survive.

Ukraine says it shot down three Russian Su-34 fighters

Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
  • In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
  • The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system

‘Private sector plays vital role in Gulf integration’

"The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic...
  • The GCC has all the potential to become a strong economic alliance capable of asserting itself on the global economic map.
  • This potential is attributed to its natural resources, distinctive geographical location, and robust global alliances with nations.

Music gives Gaza children respite from horrors

The United Nation says children make up half of the 1.9 million displaced Palestinians and a sizable number have been...
  • Volunteer entertainer Ruaa Hassuna says that when her young audiences hear her musical instrument, they "no longer hear the hum of the drones"
  • Many of the children in the troupe's audiences are hardened beyond their years, their innocence shattered by fear and bereavement

Israel troops kill 3 hostages mistaking them for ‘threat’

The Israeli army said that it had mistakenly identified three Israeli hostages as a threat, and fired, killing three of...
  • The army identified the hostages as Yotam Haim and Alon Shamriz and Samer El-Talalqa
  • Its spokesman said the military "bears responsibility for everything that happened"

stc’s Tawal secures $999m financing

Tawal signed Murabaha pacts with SNB and SA
  • The 18-month financing is covered by a promissory note by TAWAL for the full amount, stc said in a statement to Tadawul, according to Argaam.
  • The credit is intended to go towards refinancing the shareholders loan extended by stc to TAWAL.

Antique stoves make a comeback in Gaza as the only way to cook during war

With a squeeze of pliers, a new wick, and a refill of homemade fuel, a flash of fire miraculously begins...
  • Hundreds of thousands of civilians have fled northern Gaza due to relentless bombardment and a ground invasion by Israel, leaving their belongings behind.
  • The civilians hoped to be safer in the south, but the Israeli military has progressively extended its strikes across the tiny coastal territory in its war aiming to destroy Hamas

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
  • The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.
  • The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

Joint ministerial committee meets US secretary of state

Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...
  • A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.
  • The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.

Iran says reviving nuclear deal ‘useless’

Tehran, Iran - Iran said on Saturday that attempting to revive its landmark nuclear deal with world powers that was effectively...
  • "Today, the more we advance, the more the JCPOA becomes useless," Foreign Minister Hossein Amir-Abdollahian said in a speech.
  • Iran says its nuclear program is entirely peaceful, but since 2021 the UN body has struggled to monitor the development of its capabilities.

Robots take centre stage at Singapore ‘Olympiad’

Singapore -- The World Robot Olympiad opened in Singapore on Wednesday with hundreds of international students, some as young as...

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Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Banana taped to a wall sells for $6.2 million

The provocative work of conceptual art by Italian artist Maurizio Cattelan debuted at the Art Basel show in Miami Beach...

Riyadh tripartite meet pledges to implement Beijing Agreement

Riyadh, Saudi Arabia -- The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.
  • A total of 3.493 billion shares will be made available in the offering, representing 15% of the company’s total issued share capital.
  • All Shares to be offered are existing shares held by the company’s sole shareholder, Delivery Hero MENA Holding.

Hamas negotiators ‘not in Doha’ but political office not closed: Qatar

Qatar, along with the United States and Egypt, had led months of fruitless negotiations for a truce in the Gaza...
  • "The mediation process right now... is suspended unless we take a decision to reverse that which is based on the positions of both sides," spokesperson Majed Al-Ansari said
  • "The office of Hamas in Doha was created for the sake of the mediation process. Obviously, when there is no mediation process, the office itself doesn't have any function," he said

US envoy in Beirut says ‘real opportunity’ to end Israel-Hezbollah war

US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • US special envoy said he was in Beirut because he saw "real opportunity" to end the Israel-Hezbollah war
  • "I came back because we have a real opportunity to bring this conflict to an end," Hochstein said