INSEAD Day 4 - 728x90

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$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

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
  • A man checks the destruction at a factory targeted in an overnight Israeli airstrike in the town of Chouaifet south of Beirut on September 28, 2024. (AFP)

    Death of Hassan Nasrallah in Beirut an inflection point in the Middle East conflict

    Rarely seen in public, Nasrallah enjoyed cult status among his supporters and was the only man in Lebanon with the power to wage war or make peace.
  • Biden ready to ‘adjust’ US forces in Mideast amid tensions: White House

    Washington, United States - President Joe Biden ordered US forces in the Middle East to be adjusted "as necessary," the White House said Friday, after Israel launched a wave of strikes on Lebanon's capital Beirut targeting Hezbollah's headquarters. "He has directed the Pentagon to assess and adjust as necessary US force...
  • Tens of thousands protest against Lebanon ‘bloodbath’ in Iran, Yemen

    The demonstrations in Tehran and other Iranian cities were responding to a call by authorities on Wednesday to demonstrate in support of the Iran-backed Hezbollah movement in Lebanon "and to condemn the barbaric crimes of the Zionist regime in Palestine," the official IRNA news agency said.
  • European Union foreign policy chief Josep Borell speaks during a debate at the European Parliament in this file photo. (AFP)

    Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu

    EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can "stop" Israeli Prime Minister Benjamin Netanyahu, saying he appears determined to crush militants in Gaza and Lebanon.
  • Israeli air strikes hit densely populated Hezbollah bastion in Beirut

    The strikes were by far the largest in scale. Iran embassy in Lebanon warns that the strikes 'change the rules of the game'.
  • Saudi Arabia announces coalition to push for Palestinian state

    Prince Faisal bin Farhan said the "International Alliance to Implement the Two-State Solution" included Arab and Islamic countries, as well as European partners, the Saudi Press Agency said, without giving details. The Gaza war has revived talk of a "two-state solution" of Israeli and Palestinian states living in peace side...
  • China launches late stimulus push to meet 2024 growth target

    China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch stimulus assault to pull economic growth back towards this year's roughly 5% target. More fiscal measures are expected to be announced before China's week-long holidays starting on Oct. 1, after...
  • Israel defies ceasefire calls and vows to keep battling Hezbollah

    "There will be no ceasefire in the north. We will continue to fight against the Hezbollah terrorist organization with all our strength until victory and the safe return of the residents of the north to their homes," Foreign Minister Israel Katz said in a post on X.
  • US offers $20 mn for info on Iranian behind Bolton assassination plot

    Washington, United States- The US State Department announced a $20 million reward on Thursday for information leading to the arrest of the alleged Iranian mastermind behind a plot to assassinate former White House official John Bolton. US officials said in August 2022 that they had uncovered a plot by Shahram Poursafi,...
  • An injured child at a school in Beirut housing displaced people who fled Israeli strikes in southern Lebanon, on September 26, 2024. Israel flatly rejected on September 26 a push led by key backer the United States for a 21-day ceasefire in Lebanon, as it vowed to keep fighting Hezbollah "until victory". (AFP)

    US gives US$8.7 billion in military aid to Israel amid global push for a ceasefire

    While international pressure on Israel for ceasefire in Lebanon and Gaza intensifies, Netanyahu refuses to slow down military operations. Lebanese authorities say 1,540 people have been killed and 5,410 wounded in the ongoing hostilities over the past 11 months.
  • World’s first CO2 storage service soon ready in Norway

    Øygarden, Norway -- Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage. The Northern Lights project plans to take CO2 emissions captured at factory smokestacks in Europe and inject...
  • UAE captures 30% of Middle East cinema market share in 8 months

    Abu Dhabi, UAE -- The UAE cinema sector achieved revenues of AED 517 million during the first eight months of this year, attracting about 11 million visits to cinemas, the Emirates Media Council revealed. Mohammed Saeed Al Shehhi, Secretary General of the Emirates Media Council, said that the UAE accounts...
  • Ceasefire calls mount as Israeli troops on alert for Lebanon incursion

    International calls for restraint mounted Wednesday after Israel's army chief told soldiers to prepare for a possible ground offensive against Hezbollah in Lebanon amid fears of all-out war in the Middle East. Prime Minister Benjamin Netanyahu vowed that Israel's military operations against the Iranian-backed militia would not stop until northern residents...
  • UAE airports see 14.2% passenger traffic surge in H1

    Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling over 71.7 million travelers compared to 62.8 million in the same period last year, latest data issued by the Central Bank of the UAE (CBUAE) showed. “Passenger traffic at the...
  • OpenAI chief technology officer Mira Murati leaving company

    San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT, adding to a growing list of high-level departures. Murati called her more than six years at the San Francisco-based company "an extraordinary privilege" and described her decision to leave as...
  • Saudi non-oil exports increase by 19 percent in July: GASTAT

    Riyadh, Saudi Arabia -- Saudi Arabia's non-oil exports, including re-exports, during July 2024 amounted to SAR25.4 billion ($6.76 billion), compared to SAR21.3 billion during July 2023, an increase of SAR4.1 billion, or 19.2 percent, according to the kingdom's General Authority for Statistics (GASTAT). The value of merchandise exports increased during...
  • OECD raises growth forecast, calls for higher property taxes

    Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property and environmental taxes to combat soaring debt in many countries. In its twice-yearly economic outlook report titled "Turning the Corner", the Paris-based organization said global gross domestic product would expand...
  • Paramedics attend to a child with an injured leg at a temporary reception shelter for people displaced by conflict, in Lebanon's northern city of Tripoli on September 25, 2024. (AFP)

    Diplomacy fails Lebanon: Biden hints all-out-war while Israel plans ground invasion

    Israel's army chief told troops on Wednesday to be prepared for possible entry into Lebanon as Israeli fighter jets bombarded targets in north, east and south of Lebanon. More than 90,000 people are displaced within Lebanon, says United Nations.
  • Turkish President Recep Tayyip Erdogan (left) with his Russian counterpart Vladimir Putin during a meeting a few months ago. (File)

    Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia

    Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in Russia next month after Türkiye requested to join the group of emerging economies. Putin said he was due to meet Erdogan on October 23, a day after the start of...
  • HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’

    United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said Lama Fakih, HRW's Middle East and North Africa director
  • Middle East & North Africa: Regulatory momentum and DeFi fuel crypto adoption

    The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated $338.7 billion in on-chain value received between July 2023 and June 2024, accounting for 7.5% of the world’s total transaction volume. Although the market is smaller compared to other regions,...
  • Biden warns at UN against ‘full-scale war’ over Lebanon

    Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to "end this war." Mediator Qatar accused Israel of obstructing talks, with Emir Sheikh Tamim bin Hamad Al-Thani saying "there is no Israeli partner for peace" under the government of Benjamin Netanyahu.
  • No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC

    Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change. The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency,...
  • UAE’s e& bends to European Union foreign subsidy rules

    Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a Czech telecom operator -- after it agreed not to use foreign subsidies to distort competition in the EU. Emirates Telecommunications (e&), whose majority stakeholder is the United Arab Emirates government,...
  • UN chief warns Lebanon on ‘brink’ as world leaders gather

    Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of more than 500 people on the sidelines of UN General Assembly events. The European Union's top diplomat Josep Borrell warned "We are almost in a full-fledged war."
  • Masdar acquires Saeta Yield

    The deal is estimated to be valued at $1.4 billion.
  • Qatar Airways is one of the major airlines to halt services to Lebanon. (File)

    Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control

    Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions rise between the powerful militant group Hezbollah and Israel.
  • Nearly 500 dead in Israeli strikes on Hezbollah strongholds in Lebanon

    Israeli air strikes on Lebanon killed at least 492 people on Monday, including 35 children, Lebanon's health ministry said, marking the deadliest day of cross-border violence since the Gaza war began. Arab states strongly condemned Israel for the escalating hostilities with Hezbollah, which have intensified to levels unseen in nearly...
  • A demonstrator holds a placard during an anti-government protest calling for action to secure the release of Israeli hostages in front of the Israeli Defense Ministry in Tel Aviv on September 21, 2024. (AFP)

    Economy – the biggest loser in the Israeli-Arab war

    The sheer scale of destruction from the deadliest war in Gaza's history has made the road to recovery difficult to imagine. Also, 11 months of war in Gaza has battered Israel's economy with poverty threatening communities.
  • Boeing lifts wage hike to 30% 

    The 30% general wage hike improves upon the 25% in the earlier offer.
  • Hamas weakened, not crushed a year into war with Israel

    The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end to its hold over Gaza remains elusive. Hamas sparked the Gaza war by sending hundreds of fighters across the border into Israel on October 7, 2023, to attack communities in...
  • UN Secretary-General Antonio Guterres speaks during an event on “The Inclusion of Women in the Future of Afghanistan” on the sidelines of the United Nations General Assembly at UN Headquarters in New York City on September 23, 2024. (AFP)

    World leaders gather at UN as Mideast tensions explode

    Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual event on Tuesday as diplomats scrambled to avert an all-out regional war.
  • US President Joe Biden

    Biden’s United States powerless as Israel pounds Lebanon

    US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling into an all-out regional conflict. With the unstoppable Netanyahu, the haughty has beaten the mighty - black and blue.
  • Media gag and manufactured consent: Israel’s campaign against Lebanon

    Beirut, Lebanon: On Sunday, Israeli troops stormed the Al Jazeera office in the occupied West Bank and issued a 45-day closure order. A day later the Jewish state launched a murderous campaign in neighboring Lebanon, killing at least 350, including 24 children. Simultaneously, the Israeli military called on residents of...
  • Iranian President Masoud Pezeshkian speaks at an event in Tehran earlier this month. (File)

    Iran’s president calls Israel warmonger as he seeks talks with West

    Iran's President Masoud Pezeshkian has accused Israel of seeking regional war, as he attempted to cast Tehran as restrained and appealed to the West, including the United States, for talks on flashpoint issues.
  • An Arab family sit with their belongings in the back of a truck as they wait in a traffic jam in the southern Lebanese city of Sidon on September 23, 2024. The Israeli military has vowed to carry out more "extensive and precise" strikes against Lebanon. (AFP)

    Lebanon Under Attack: Israel murders 35 kids, death toll rises to 492 including 58 women

    Lebanese Health Minister Firass Abiad said the death toll in Israeli strikes Monday rose to 492, including 35 children, the bloodiest daily toll in nearly a year of cross-border clashes.
  • Smoke billows from the site of an Israeli air strike in the Lebanese village of Khiam, near the Lebanon-Israel border, on September 23, 2024. The Israeli military vowed to carry out more "extensive and precise" strikes against the Lebanese group Hezbollah. (AFP)

    UN alarmed as Israeli strikes kill more than 180 people in Lebanon

    Lebanon's health ministry said more than 700 were injured on Monday in the worst toll by far in nearly a year of cross-border clashes with Israel, while Iran warned Israel of "dangerous consequences". The United Nations has also expressed concerns about Israeli escalation against Lebanon.
  • ADNOC Distribution H1 dividend $350m

    The total dividend for 2024 is expected to be $700 million.
  • Israel army tells Lebanese to ‘move away’ from Hezbollah sites

    The Israeli military on Monday told people in Lebanon to move away from Hezbollah targets and vowed to carry out more "extensive and precise" strikes against the group. "We advise civilians from Lebanese villages located in and next to buildings and areas used by Hezbollah for military purposes, such as...
  • United by innovation and progress: The enduring US-UAE partnership

    ‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and Sudan. Our ongoing defense and counterterrorism cooperation makes our countries and the world more secure. U.S. and UAE troops have stood shoulder to shoulder in six conflicts over the last...
  • Kuwaiti Foreign Minister Abdullah Al Yahya, right, and Iranian Foreign Minister Abbas Araqchi at the United Nations. (UN)

    Iran arrests 12 accused of collaborating with Israel

    Iranian authorities have announced the arrest of 12 people accused of "collaborating" with the country's arch-foe Israel, local media reported on Sunday. Meanwhile, Iran has enhanced efforts to build relations with its Arab neighbors by holding talks with Arab leaders at the United Nations.
  • Egyptian Foreign Minister Badr Abdelatty

    Egypt fears ‘all out’ regional war, says foreign minister

    Egypt's foreign minister Sunday warned of the risk of an all-out regional war in light of intensified fighting between Israel and Lebanon's Hezbollah, saying the escalation "negatively impacted" a Gaza truce deal. Meanwhile, the world powers on Sunday implored Israel and Lebanon's Iran-backed Hezbollah movement to refrain from escalating their...
  • UN Secretary-General Antonio Guterres speaks during "Summit of the Future" on the sidelines of the UN General Assembly at the United Nations Headquarters in New York, September 22, 2024. (AFP)

    UN adopts pact to tackle volatile future for mankind

    UN members adopted a blueprint for the future Sunday to tackle the myriad wars, environmental threats, and technological challenges facing humanity that were hailed by the organization as "groundbreaking" but panned by critics as unambitious. Secretary-General Antonio Guterres billed them as "landmark agreements - a step-change towards more effective, inclusive,...
  • Researchers decode oldest human DNA

    The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the southern coastal town of George, South Africa.
  • A woman takes a photograph of an Israeli flag deployed on the wall of a damaged building in Kiryat Bialik in the Haifa district of Israel, following a reported strike by Lebanon's Hezbollah on September 22, 2024. (AFP)

    Netanyahu says Israel has ‘landed a series of blows on Hezbollah’

    Israeli Prime Minister Benjamin Netanyahu said Sunday that Israel has dealt serious blows to the Lebanese group Hezbollah, as rapidly escalating cross-border exchanges raised fears of an all-out war. Netanyahu's remarks follow a night of intense rocket fire at northern Israel that had sent hundreds of thousands of people to...
  • Mourners and colleagues holding 'press' signs surround the body of Al-Jazeera Arabic journalist Ismail al-Ghoul, killed along with his cameraman Rami al-Refee in an Israeli strike during their coverage of Gaza's Al-Shati refugee camp, on July 31, 2024. (File photo/AFP)

    Al Jazeera TV raided in West Bank; ordered to close for 45 days

    Global news channel Al Jazeera said armed and masked Israeli forces raided its office in Ramallah in the occupied West Bank on Sunday and issued a 45-day closure order. It was the latest salvo in a long-running feud between the Arab broadcaster and Prime Minister Benjamin Netanyahu's government which has...
  • A handout picture provided by the Iranian Red Crescent (RCS) shows security forces gathered at the scene of a blast at a coal mine in Tabas in Iran's Khorasan province on September 22, 2024. (Photo by Iranian Red Crescent / AFP)

    Coal mine blast in Iran kills more than 50 mine workers

    A blast caused by a gas leak at an Iranian coal mine has killed at least 51 people, state media said Sunday, in one of the country's deadliest work accidents in years. "The number of dead workers increased to 51" in the explosion at the Tabas mine in eastern Iran,...
  • Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report

    The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth for the period.
  • Top Hezbollah commander killed in Israeli strike on Beirut

    The killing of Aqil was the second of a senior Hizbollah commander since the start of the war in Gaza, following another Israeli strike in Beirut that killed Fuad Shukr in July. It also came after two waves of explosions, on Tuesday and Wednesday, of communication devices used by Hizbollah...
  • GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers

    Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with more than 15 million passengers annually, with an 82% compliance rate. Following closely behind was King Abdulaziz International Airport in Jeddah at 82%. This was revealed in the report issued...