INSEAD Day 4 - 728x90

France

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Fourth soldier dead due to Houthi attack, says Bahrain

    Manama, Bahrain - A fourth Bahraini soldier has died after an attack this week on his country's contingent in the Saudi-led coalition battling Yemen's Houthi rebels, the Gulf archipelago's army said. Bahrain had previously announced the deaths of three of its soldiers in Monday's attack near the Saudi border with Yemen....
  • Cathay Pacific orders A320neo planes

    The value of the deal is expected between $3.2 billion to $4.1 billion.
  • Europe should move faster on energy transition, say IEA, ECB

    PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday. The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and...
  • Politicians fail to understand scientific facts of climate, says expert

    PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern in a rapidly escalating climate crisis, an expert told AFP. A cascade of extreme weather events have inflicted devastation in 2023, which the European Union's climate monitor says is likely...
  • Binance selling Russia business

    Binance is likely to sell its Russian assets to CommEX.
  • France warns Lebanon financial aid at risk over presidency deadlock

    French President Emmanuel Macron's special envoy urged Lebanese factions to find a "third way" for electing a new president, warning that France and its allies were losing patience after a year of deadlock. "The life of the Lebanese state itself is at risk," Jean-Yves Le Drian, a former foreign minister,...
  • Top army officials from 30 nations review threats in Asia-Pacific

    New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was "critically important", speaking to reporters...
  • Rising demand for critical metals pose dilemmas for investors

    PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects. With demand for fossil fuels expected to peak by the end of the decade, the focus is shifting towards...
  • European Union okays lighter pact on curbing car emissions

    Brussels, Belgium - EU member countries on Monday adopted a watered-down deal on curbing car emissions, after auto manufacturers complained stricter measures could undermine electric vehicle investments. Led by France and Italy, the 27 nations voted for a less ambitious plan than the one put forward by the European Commission in...
  • Pope says migrants not invaders, urges ‘wise foresight’ on issue

    Migration is "a reality of our times, a process that involves three continents around the Mediterranean and that must be governed with wise foresight, including a European response," he added. Noting the risk to the lives of migrants if they are not taken to safety, he warned against turning "the...
  • King Charles urges joint French-English effort on climate change

    "Just as we stand together against military aggression, so must we strive together to protect the world from our most existential challenge of all -- that of global warming, climate change and the catastrophic destruction of nature," said the king, known for campaigning on environmental issues for the past decades.
  • TotalEnergies, Adani Group set up JV for wind, solar power production in India

    PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind and solar electricity production in India. The joint venture will include wind and solar assets that Adani Green Energy Limited (AGEL) already operates and is building and developing in India,...
  • Europe’s tussle with Big Tech involves dominance, data, disinformation

    Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a battle between the European Union and big tech firms on issues from tax avoidance and hate speech to data privacy and monopolistic practices. Here is a summary of the tussles...
  • Apple to update iPhone 12 in France over radiation 

    Both the firm and France's digital minister Jean-Noel Barrot insisted on Friday there was no danger to public health from the radiation. On Tuesday, Barrot gave Apple two weeks to issue an update to its phone, which was coming to the end of its career as a front-line Apple product.
  • Tunisia bars entry to European Parliament delegation of five MEPs

    "We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five MEPs, said in a statement. "This conduct is unprecedented since (Tunisia's) democratic revolution in 2011", it said.
  • Global aid effort intensifies for flood-stricken Libya

    Military transport aircraft from Middle Eastern and European nations, along with ships, have been ferrying emergency aid to the North African country already scarred by war. In addition to the missing, tens of thousands of people have been displaced after the huge flash flood slammed into the Mediterranean coastal city...
  • India-Middle East-Europe Corridor will change face of Middle East: Netanyahu

    Tel Aviv, Israel - Israel's Prime Minister Benjamin Netanyahu has welcomed the launch of the ambitious India-Middle East-Europe Economic Corridor (IMEC) as the "largest cooperation project in our history" that will have a profound impact on the Middle East, Israel, and the world. Leaders from the United States, India, Saudi...
  • EU chief wants global experts panel to confront AI challenges

    Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change. "I believe we need a similar body for AI –- on the risks and its benefits for humanity. Yes, with scientists, but also tech companies and...
  • Iran’s oil exports to China touch all-time record in August

    Tehran, Iran--Iran’s oil exports to China hit an all-time record in August despite continued US pressure on the country, according to data from a major international energy data company. The Sunday report by Fars news agency said Iran’s oil exports to China had reached an average of 1.5 million barrels...
  • Situation in Morocco in the aftermath of quake

    PARIS, FRANCE - Rescuers in Morocco were scrambling on Sunday to reach people trapped under the rubble after a powerful earthquake that killed more than 2,000 people and decimated entire villages. Here's what we know so far:   Strongest-ever in Morocco A 6.8-magnitude quake, according to the US Geological Survey -...
  • World falling dangerously short of climate goals: UN report

    Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and boosting finance for the developing world, according to the UN's first official progress report out Friday. The 2015 Paris treaty has successfully driven climate action, but "much more is needed...
  • Saudi Nazaha, Interpol discuss ways to enhance cooperation

    LYON, FRANCE - President of Saudi Arabia’s Oversight and Anti-Corruption Authority ‘Nazaha’ Mazin bin Ibrahim Al-Kahmous on Friday visited the headquarters of the International Criminal Police Organization (Interpol) here. The Saudi and Interpol staff discussed several topics of common interest.    The two sides discussed cooperation between Nazaha and Interpol...
  • UN urges age restrictions on Artificial Intelligence in schools

    Paris, France - The United Nations called on Thursday for strict rules on the use of AI tools such as viral chatbot ChatGPT in classrooms, including limiting their use to older children. In new guidance for governments, the UN's education body UNESCO warned that public authorities were not ready to deal...
  • 2023 likely to be hottest year in human history, says EU climate monitor

    "2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology at University College London.
  • World inches step closer towards plastic pollution deal: UN

    Some 175 nations are working to reach a landmark agreement by end-2024 that will curb plastic pollution, which ends up in oceans, birds' stomachs and on mountain peaks. Microplastics have even been detected in blood and maternal milk.
  • Iran FM rejects Macron remarks over Lebanon ‘interference’

    Taking a dig at President Emmanuel Macron, Iran's Foreign Minister Hossein Amir-Abdollahian said that Macron should focus on "situation inside France instead of paying attention to questions of interference in other countries." Iran had rebuffed French accusations over Tehran's interference in Lebanon that France sees as a roadblock to end...
  • French President says change in existing world order would weaken West, Europe

    PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President Emmanuel Macron said at the annual conference of his country’s ambassadors here. “The situation on the international arena is becoming more complicated, which is fraught with the risk of the...
  • Mancini hired as Saudi Arabia team coach for $25m a year

    Mancini's resignation from the Italy job came as a major shock, as earlier this month he had been handed responsibility for the country's Under-21 and Under-20 teams. He was heavily criticised for his decision especially following early reports that he was set to accept a mega-money move to Saudi, which...
  • The fight over a ‘dangerous’ ideology shaping AI debate

    Paris, France - Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction. But increasingly vocal critics are warning that the philosophy is dangerous, and the obsession with extinction distracts from real problems associated with AI like data theft and biased...
  • Iran president meets diplomat freed by Belgium in prisoner swap case

    TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner swap case in May, the presidency site said on Saturday. "The claimants of human rights have shown once again that they do not adhere to any law," Raisi said in...
  • Brazil star Neymar arrives in Saudi Arabia ahead of unveiling ceremony

    Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list of big names lured to the oil-rich kingdom. The 31-year-old Brazil forward who will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain...
  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this time last year," when Russia's invasion of Ukraine sent energy prices soaring, EU Energy commissioner, Kadri Simson, said.
  • Saudi Arabia, France vow to promote secure, affordable and sustainable energy

    RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met and issued a joint communiqué: The Government of the Kingdom of Saudi Arabia and the Government of the French Republic acknowledge that energy is one of the main pillars of...
  • IEA predicts record oil demand of 2.2m barrel a day in 2023

    PARIS, FRANCE - The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs". World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak", the...
  • Covid cases up 80 percent globally as new subvariant rises

    The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization said, days after designating a new "variant of interest". The WHO declared in May that Covid is no longer a global health emergency, but warned the virus will continue to...
  • French footballer Maximin to play for Al-Ahli after three-year deal

    Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club Newcastle as the cash-rich and ambitious Gulf kingdom's league snared another top-level player. "We pick the best, and he's one of them," Al-Ahli said on social media. The financial terms...
  • French footballer Maximin quits Newcastle, may join Saudi club

    LONDON, UK - Allan Saint-Maximin has confirmed he is to leave Newcastle before an expected move to the cash-rich Saudi Pro League. The French winger, heavily linked with a £30 million ($38.5 million) move to Al-Ahli, posted a farewell message on his Instagram account. In it he professes his love for...
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid". In 2021, UEFA initiated...
  • Nissan Q1 net profit $750m

    Results due to better sales in Japan, North America.
  • Eurozone witnesses steepest downturn in eight months in July

    The painful PMI data comes as the European Central Bank is eyeing a further rate hike this week in its quest to tame inflation.
  • G20 nations fall short of common plan on fossil fuels

    NEW DELHI, INDIA - Energy ministers from the group of 20 nations meeting in India on Saturday failed to agree on a roadmap to phase down the use of fossil fuels in the global energy mix. A final statement after the meeting did not even mention coal, a major contributor...
  • UAE emissions plan ‘insufficient’, say climate groups

    PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis on Thursday that hit out at the oil-rich nation for allegedly undermining its own targets with plans to increase fossil fuel production. The UAE, which will host the COP28 United...
  • UAE, French ministers review ties, economic cooperation

    Abu Dhabi, UAE - The United Arab Emirates and France reviewed the prospects of growing bilateral trade exchanges and advancing investments across various fields during the meeting between UAE Minister of Economy Abdullah bin Touq Al Marri, and the visiting French Minister Olivier Becht.  Two sides discussed investment exchanges in...
  • Ancient Egypt artists altered their work, new study reveals

    Paris, France--From subtly shifting the position of Ramses II's sceptre, to touch-ups on a necklace or headdress, ancient Egyptian artists were more creative than previously thought, according to a study published Wednesday. Using new portable imaging and chemical analysis techniques, an international team of scientists took a fresh look at paintings...
  • OECD says sizeable progress made on sharing tax revenue on multinationals

    Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational firms, the Organization for Economic Co-operation and Development said. Some 138 countries, which account for over 90 percent of global economic output, agreed on a first draft of a convention...
  • OECD urges wealthy nations to prepare for ‘AI revolution’ impact

    Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday. The rapid development of artificial intelligence -- with tools that can generate essays, create images and even pass...
  • Meta loses more: Zuckerberg takes threads fight to European Union

    Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores.
  • Algeria firm sign $740m contract with TotalEnergies

    Algiers, Algeria - Algeria's state oil company Sonatrach said on Sunday it had signed contracts to boost gas production under an existing agreement worth about $740 million with French giant TotalEnergies. The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in...
  • French startup bets on kitesurf to blow away shipping pollution

    The shipping sector is under fresh pressure to reduce its reliance on fossil fuels as the International Maritime Organization sealed a deal on Friday that raises its emissions-reduction targets. In Arcachon Bay in southwest France, the startup Beyond The Sea tested a blue inflatable kite sail to pull a specially-designed...
  • Saudi Arabia and France sign MoU to deepen ties in energy sector

    Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy, with a focus on renewable resources. In this connection, Saudi Energy Minister Prince Abdulaziz bin Salman and his French counterpart, Agnes Pannier-Runacher, signed the agreement. The two countries released a...