INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.
  • Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...

    With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families

    The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

  • Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas. "No-one can make us...

    "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.

    Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.

  • Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...

    ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.

    "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.

  • Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...

    Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.

    In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.

  • TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...

    International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".

    The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

  • CENTCOM and coalition forces determined that the drones "presented an imminent threat to merchant vessels, US Navy and coalition ships...

    US Central Command, or CENTCOM, said the "large-scale" Houthi attack occurred before dawn into the Red Sea and adjacent Gulf of Aden

    On January 9, US and British forces shot down 18 drones and three missiles fired by the rebels toward ships in the Red Sea, the US military said at the time

  • It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...

    The 70-year-old leader expressed confidence that his conservative Justice and Development (AKP) party would nonetheless remain in power even after he has left office

    Erdogan said that the results of the March 31 local elections would be "a blessing for the brothers who come after me and there will be a transfer of confidence"

  • He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with...

    Initially a background character as Bhutto's consort, Zardari was stained by a bevy of corruption and other allegations

    Between 2008 and 2013, he ushered in constitutional reforms rolling back presidential powers, and the 68-year-old's second term will see him steer a largely ceremonial office.

  • Canada has reviewed the investigation's interim report and "we were reassured by the contents," Minister of International Development said. He...

    UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack

    About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January

  • ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...

    The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”

    The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.