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.
  • The adversaries had been swapping missile fire since Israel carried out surprise "preemptive" strikes against Iran on June 13, targeting...

    Trump had said the ceasefire would be a phased 24-hour process beginning at around 0400 GMT Tuesday, with Iran halting all operations. Israel would follow suit 12 hour later

    Abbas Araghchi suggested that Iran had already halted its operation at 4am Tehran time (0030 GMT) -- and wanted a simultaneous end in attacks from Israel as well

  • No casualties reported in the attack that came a day after the US attacked three key nuclear facilities in Iran....
  • Brussels, Belgium -- The EU said Monday that Israel must improve the humanitarian situation in Gaza or else face possible...

    The European Union's top diplomat, Kaja Kallas, said the bloc hopes to use a review of the EU-Israel Association Agreement to pressure Israel to ease suffering in Gaza.

    The bloc last month launched an audit of the EU-Israel deal, which forms the basis for trade ties, under one of its articles calling for respect of human rights.

  • British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....

    Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.

    Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.

  • US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...

    They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.

    Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.

  • Israeli Prime Minister Benjamin Netanyahu on Sunday insisted gains in the conflict against Iran would help with the country's war...

    "Our successes in Iran are contributing to the successes in Gaza, but it will still take a bit more time," added the Israeli premier

    They were constantly acting on several fronts, he added, "...but we are getting closer, step by step, to our objectives, Netanyahu said

  • Iran on Sunday threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's...

    International concern focused on fears that the unprecedented US attacks would deepen conflict in the volatile region after Israel launched a bombing campaign against Iran

    Netanyahu meanwhile said his country's military strikes will "finish" once the objectives of destroying Iran's nuclear and missile capabilities are achieved

  • The United Nations special envoy for Syria denounced Sunday's attack on a church in Damascus that killed at least 20...

    Syria's interior ministry said a member of the Islamic State jihadist group was behind the attack, in which dozens of people were wounded

    UN envoy Geir Pedersen "condemns in the strongest possible terms the terrorist attack at St. Elias Church... which killed and injured civilians who were attending mass."

  • The US military says the GBU-57 -- also named Massive Ordnance Penetrator -- is designed to penetrate up to 200...

    The 6.6-meter-long GBU-57 also has a specialized fuse as "you need an explosive that's not going to immediately explode under that much shock and pressure," Dahlgren said.

    The only aircraft capable of deploying the GBU-57 is the B-2 Spirit, a stealth bomber.

  • Iranian Foreign Minister Abbas Araghchi told reporters in Istanbul the United States and Israel had "crossed a very big red...

    People gathered in the center of Tehran to protest against US and Israeli attacks, waving flags and chanting slogans, state TV showed.

    The European Union called on all sides "to step back," while stressing Iran must not be allowed to develop nuclear weapons.