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
  • UN agency chief laments Gaza war as ‘betrayal of humanity’

    United Nations - Israel's war against Hamas in Gaza has escalated into a "betrayal of humanity", the United Nations' humanitarian chief said on Saturday. In a statement on the eve of the six-month anniversary of the war, Martin Griffiths, the outgoing under-secretary-general for humanitarian affairs and emergency relief, called for...
  • Hamas to stick on truce conditions amid renewed Cairo talks

    "The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their residential areas, freedom of movement of the people, offering them aid, shelter, and a serious hostage exchange deal," Hamas said. Its insistence came as US President Joe Biden urged an...
  • Jordanian industrialists call for export diversification

    AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such as facilitating connectivity to global supply chains through e-commerce, and ramping up promotion and marketing efforts for domestic products.They also called for expanding outreach to foreign markets, fostering collaboration between...
  • Iran vows to make enemy ‘regret’ killing of revolutionary guards

    Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus, with the army chief saying his country's enemies will "regret" the killings. Tehran has vowed to avenge Monday's air strike on the Syrian capital it blamed on its arch-enemy Israel,...
  • Israeli information on aid worker death ‘not sufficient,’ says Australia

    US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces on Monday had killed seven aid workers. Israeli Prime Minister Benjamin Netanyahu later admitted that his military had "unintentionally" killed the group -- who had helped feed communities affected by...
  • Tesla to unveil robotaxi in August

    Its shares rose more than three percent in after-market trades.
  • Meta to label AI-generated content

    It seeks to reassure users over the risks of deepfakes.
  • Biden exhorts Egypt, Qatar to press Hamas on hostage deal

    US, Egypt and Qatar have been engaged in weeks of behind-the-scenes talks in a bid to secure a temporary truce in the Gaza Strip. Biden, in a call with Israeli Prime Minister Benjamin Netanyahu on Thursday, "made clear that everything must be done to secure the release of hostages, including...
  • Iran’s response ‘inevitable’ after consulate strike, says Nasrallah

    Monday's strike in the Syrian capital levelled the five-storey consular annex of the Iranian embassy and killed seven Iranian Revolutionary Guards, two of them generals. Nasrallah, whose fighters have been exchanging near-daily cross-border fire with Israel since the Gaza war began in October, said the strike on the Iran consulate...
  • UN chief troubled by reports Israel using AI to identify Gaza targets

    According to a report in magazine +972, Israel has used AI to identify targets in Gaza -- in some cases with as little as 20 seconds of human oversight. Guterres said that he was "deeply troubled by reports that the Israeli military's bombing campaign includes Artificial Intelligence as a tool...
  • Dubai receives 3.67 million visitors in first two months of 2024

    Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures released by Dubai Department of Economy and Tourism (DET) showed. According to the DET's Tourism Performance Report for January-February 2024, Dubai recorded 1.77 million international visitors in January, and 1.9...
  • Dubai, Abu Dhabi real estate market thrives in Q1 2024

    “2024 has opened up to an interesting and promising phase of growth within our sector. As proptech leaders, we can see a more diversified demand and we are positive of the impact this will have in the months to come. We look forward to supporting the market by empowering property...
  • CIA chief to arrive in Cairo for Gaza hostage talks

    According to reports in US media, Burns would meet in the Egyptian capital with Mossad chief David Barnea, Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani and Egypt's intelligence chief Abbas Kamel. The talks in Cairo would focus on freeing hostages held in the Gaza Strip by Hamas fighters.
  • March sees GCC Index drop as heavyweight sectors lag

    GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in the MSCI GCC index with Qatar suffering the steepest decline at 6.0%.
  • Israel says Hamas fighter was at target instead of Gaza aid workers

    Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an international outcry, with its military admitting violations of its own rules of engagement. The drone team who killed them made an "operational misjudgement of the situation", an internal Israeli military...
  • Kremlin slams Macron claims Russia trying to undermine Olympics

    Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine the Paris Olympics through a disinformation campaign. Macron had said Thursday that Moscow was trying to promote the narrative that France was unable to host the Games and that the...
  • Blinken says US seeks ‘results’ on Israeli new Gaza aid policy

    Brussels, Belgium - US Secretary of State Antony Blinken said on Friday Washington wanted to see "results" showing more aid was reaching Gazans after Israel announced it would open routes into the territory. Israel announced on Friday that it would allow "temporary" aid deliveries into famine-threatened northern Gaza, hours after the...
  • Opposition retains majority in Kuwait parliament post elections

    Kuwait City, Kuwait - Opposition lawmakers maintained a majority in Kuwait's parliament, results showed Friday, after the Gulf state's third parliamentary vote in as many years held just months into the new emir's reign. Opposition candidates won 29 seats in the 50-member assembly, according to results carried by the official KUNA...
  • Stocks trip and oil surges as Middle East tension grows

    The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously expected, with the focus now on the release of key US jobs data later in the day. The sell-off followed a plunge across the board on Wall Street.
  • ADIO and Dustour Marine to drive tourism activities in Abu Dhabi

    Abu Dhabi, UAE -- Abu Dhabi Investment Office (ADIO) is collaborating with Dustour Marine Wooden Boats Trading Establishment to establish a new state-of-the-art project to support the Emirate’s coastal development in line with urban, social, recreational and economic expansion plans. The Musataha agreement was signed during the Abu Dhabi Department...
  • Israeli assault on Gaza has killed over 14,000 children since Oct 7

    According to statistics cited by Al Jazeera television, about four children die every hour because of the actions of the Israeli forces in the Gaza Strip. Women and minors account for at least 70 percent of the total number of missing persons, which has reached 7,000.
  • Abu Dhabi Chamber sets up 54 new Advocacy Hub working groups

    Abu Dhabi, UAE -- The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the establishment of 54 working groups within the Advocacy Hub initiative. These working groups are part of the efforts to support the growth and prosperity of the private sector by providing an ideal platform for businesses...
  • UN human rights council demands halt to arms sales to Israel

    The resolution -- which passed with 28 of the council's 47 member states voting in favour, six opposed and 13 abstaining -- marked the first time the United Nations top rights body has taken a position on the bloodiest-ever war to beset the besieged Palestinian territory.
  • Aid worker killed by Israel felt need to help, parents say

    Washington, United States--The father of US-Canadian citizen Jacob Flickinger, one of seven aid workers killed in an Israeli strike earlier this week, said Thursday his son was hesitant to go to Gaza but had felt a need to help. Flickinger, 33, was among a group of World Central Kitchen staff who...
  • Samsung expects 10-fold jump in Q1 profit

    It expects operating profits to jump to US$4.89bn.
  • UAE suspends coordination of humanitarian aid with Israel

    Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following the death of seven World Central Kitchen humanitarian workers in Gaza, i24NEWS reported. According to reports, the Emirati foreign ministry has expressed its outrage to the Israeli ambassador Amir Hayek...
  • Iran supreme leader prays over bodies of slain Guards

    Tehran, Iran--Iran's supreme leader Ayatollah Ali Khamenei mourned Thursday the seven Revolutionary Guards killed in a strike in Syria, which he has blamed on Israel and has vowed to "punish", state media reported. The Guards, including two generals, were killed in the air strike on Monday which levelled the Iranian...
  • Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

    Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of accumulated traffic fines for violators. The initiative will see a 50% reduction in fines incurred prior to April 18, 2024. Implemented in collaboration with the Ministry of Finance and the...
  • Israel acting against Iran and its proxies, says Netanyahu

    Israel has declined to comment on the Damascus strike but analysts saw it as an escalation of Israel's campaign against Iran's regional proxies that runs the risk of triggering a wider war. Among the dead were seven Iranian Revolutionary Guards, two of them generals.
  • Exports key target of GCC hydrogen strategies

    Clean hydrogen could be bigger than the oil and gas economy for the region, says Jo Bamford, chairman of HYCAP, which invests in net zero and hydrogen economy.
  • Israel systematically destroying Gaza healthcare, says MSF

    Doctors Without Borders (MSF) said deadly attacks on humanitarian staff showed either deliberate intent or reckless incompetence, and called for a change in how the war is being conducted. The medical charity added that children were turning up in hospitals with gunshot wounds from drones.
  • NATO @ 75 seeks US-Europe alliance as Russia threat, Trump looms

    Brussels, Belgium - NATO chief Jens Stoltenberg urged the United States to stick together with Europe as the Western military alliance turned 75 on Thursday menaced by an aggressive Russia and the specter of Donald Trump's return to power. The Kremlin's full-scale invasion of Ukraine in 2022 re-invigorated NATO as it...
  • Bodies of killed Iranian soldiers reaches Tehran from Syria

    Tehran, Iran - Iran has repatriated the bodies of seven Revolutionary Guard Corps members killed in a strike on the country's consular annex in Damascus, which Tehran blamed on Israel, local media reported. The Guards, including two generals, were killed in the air strike on Monday which levelled the Iranian embassy's...
  • Israel revokes leave for all combat units amid Iran threat

    Jerusalem - The Israeli army has suspended leave for its combat units, it said on Thursday, amid the Gaza war and as tensions with Iran grew after a strike on Tehran's consulate in Damascus. Israeli media reported that the military was also calling up more reservist soldiers "against the background...
  • Sweden Quran burner arrested in Norway, faces deportation

    OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been arrested in Norway and now faces deportation back to Sweden, according to court documents viewed by AFP on Thursday. Salwan Momika, a Christian Iraqi who burned Qurans at a slew...
  • Electric cars credited with lower CO2 emissions in US neighborhoods

    LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas, a study showed on Thursday, bolstering a key pillar of the state's drive towards net zero. Scientists at the University of California, Berkeley, say a network of sensors set up...
  • Britain expands investigation into Vodafone-Three UK merger

    London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with those of Three UK, owned by Hong Kong-based CK Hutchison, citing concerns over higher prices. The Competition and Markets Authority (CMA), which began in January a formal investigation into the...
  • Born to help: Syria bikers deliver Ramadan meals

    The volunteers don their club's signature blue vest, the front and back embroidered with their emblem: a flaming motorbike and the Syrian flag.
  • Who recognises the existence of a Palestinian state?

    Paris, France -- Israel's almost six-months-old war in Gaza since the October 7 attack has revived calls for Palestinians to be given a state of their own. Spain's left-wing Prime Minister Pedro Sanchez has announced plans to soon recognize a Palestinian state, breaking with other Western powers which have long argued...
  • ahli islamic introduces Sharia-compliant Money Market Fund

    MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window, introduced the first of its kind Islamic Money Market Fund in the Sultanate. ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional...
  • Middle Eastern airlines passenger demand up 19.7 percent in Feb: IATA

    Geneva, Switzerland -- The International Air Transport Association (IATA) released data for February 2024 global passenger demand, with total demand, measured in revenue passenger kilometers (RPKs), rising 21.5 percent year-on-year (YoY). Total capacity, measured in available seat kilometers (ASK), grew 18.7 percent YoY. The February load factor was 80.6 percent...
  • RAKBANK, DP World sign pact

    The aim is to offer trade finance solutions to businesses in UAE.
  • Joint Venture formed to develop Iraq’s Al Faw Grand Port, Economic Zone

    Abu Dhabi, UAE -- AD Ports Group and the General Company for Ports of Iraq (GCPI) sign an agreement to establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. Furthermore, the agreement also encompasses the potential investment, management, and operation...
  • ‘Shocking increase’ of children denied aid in conflicts: UN

    In addition to access to humanitarian aid, the UN's report on children and armed conflict also lists the number of children killed and wounded, as well as attacks on hospitals and schools. The report draws up a "list of shame" of government forces and other armed groups responsible for the...
  • Apple explores making personal robots

    It is working on a robot that may be helpful to people.
  • Saudi Arabia offers 6 mining opportunities for local, international investors

    Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining opportunities for local and international investors. The opportunities are part of the fifth round of mining competitions for exploration licenses and encompass gold, copper, zinc, lead, and silver ores in various regions...
  • Gold hits fresh record above $2,300 as Fed hints at easing monetary policy

    On Thursday, bullion touched $2,304.96 per ounce, according to Bloomberg News, after Fed boss Jerome Powell said it would likely be appropriate to cut borrowing costs "at some point this year". Eyes are now on the release of US jobs figures due at the end of the week.
  • OPEC+ decides to keep oil production levels unchanged

    Vienna, Austria--The participants of the 53rd Meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and its allies, OPEC+, agreed to keep current oil production levels unchanged. During the meeting which took place via videoconference today, the JMMC reviewed the crude oil production...
  • Israel will ‘be slapped’ for consulate strike, says Khamenei

    The Supreme leader said in a speech to officials in Tehran that the defeat of "the Zionist regime in Gaza will continue and this regime will be close to decline and dissolution." He said "desperate efforts" like the one committed in Syria will not save them and they will be...
  • Bodies of slain foreign aid workers taken out of Gaza

    Israel's armed forces chief Herzi Halevi called the attack a "grave mistake", which he blamed on night-time "misidentification", adding in a video message that "we are sorry for the unintentional harm to the members of WCK". Israeli Prime Minister Benjamin Netanyahu pledged the "tragic case" would be investigated "right to...