INSEAD Day 4 - 728x90

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AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$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.
  • ‘They treated us gently’: freed Israeli hostage recounts Gaza captivity

    Tel Aviv, Israel - Yocheved Lifshitz "went through hell" when abducted by Hamas, the 85-year-old Israeli said Tuesday, recounting her experience before being released from Gaza and criticizing her government for failing to prevent the October 7 attack. The softly-spoken but determined Lifshitz sat in a wheelchair at a Tel Aviv...
  • Iran’s Raisi says Muslim disunity enabled Israeli ‘aggression’

    "A united and unified position in the Muslim world could have prevented the oppression and aggression of the Zionist regime and the excesses of its Western supporters in a more effective way," he said, quoted by state news agency IRNA. Raisi also called for "strengthening co-operation" between countries in the...
  • Israel-Hamas war risks ‘serious’ economic damage: World Bank president

    Ajay Banga was speaking at the annual Future Investment Initiative, often referred to as "Davos in the Desert". More than 6,000 delegates are registered for the three-day event that will feature appearances by global banking chiefs and the presidents of South Korea, Kenya and Rwanda, organizers say.
  • Gaza war sparks Arab fears of new Palestinian displacement

    "That's how the Nakba started," says the Gaza-based rights group Al Mezan, reflecting regional suspicions that Israel is planning to empty the coastal territory. The Nakba, or "catastrophe", is how the Arab world refers to the exodus or forced displacement of 760,000 Palestinians in the war that led to the...
  • French President Macron arrives in Israel on solidarity visit

    The French head of state was also due to meet Israeli President Isaac Herzog, as well as opposition leaders Benny Gantz and Yair Lapid in Jerusalem. And in Tel Aviv, he was due to meet the families of French and French-Israeli nationals killed in the Hamas attack or being held...
  • UN General Assembly to discuss Israel-Hamas war on Thursday

    Many states including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Combodia formally requested General Assembly president to schedule the meeting. The UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution last week calling for a "humanitarian pause."
  • UN rights chief calls for ‘immediate ceasefire’ in Gaza

    Volker Turk exhorted for a ceasefire as the first step in order to save the lives of civilians through the delivery of quick and "effective humanitarian aid" in the Gaza Strip. He asserted that violence will never end unless leaders stand up and "take the humane choices that are required...
  • Funding key challenge for Middle East innovators

    Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem.
  • Sustainable finance part of UAE’s climate action plan

    "The UAE's financial markets are proactively broadening sustainable finance options. The Dubai Financial Market has rolled out regulatory frameworks for environmental, social, and governance reporting, urging listed companies to enhance ESG information disclosure and adopt ESG reporting practices," she adds.
  • Markets fall as traders wary due to Gaza war, Fed interest rates

    Paris, France - Stock markets slid on Monday, extending last week's sell-off n fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought. The concerns about US interest rates have also been affecting bond markets, with the yield...
  • Putin calls for ‘unhindered access’ for humanitarian aid into Gaza

    MOSCOW, RUSSIA - Russian President Vladimir Putin called on Monday for "unhindered access" for humanitarian aid to enter Gaza, in a telephone call with his Brazilian counterpart Luiz Inacio Lula da Silva, the Kremlin said. According to a readout of the call from the Kremlin, the two leaders "expressed serious concern...
  • Over 5,000 Palestinians killed in relentless Israeli bombardments

    There have also been increasing cross-border exchanges of fire along Israel's northern border with Lebanon, between Israeli troops and Hezbollah, an ally of Hamas.
  • Biden discusses Mideast war with Western allies: White House

    The White House statement the Western leaders voiced commitment to coordinate "to ensure sustained and safe access to food, water, medical care, and other assistance required to meet humanitarian needs." They also pledged close diplomatic coordination "to prevent the conflict from spreading, preserve stability in the Middle East, and work...
  • EU to debate Gaza truce call as top diplomat urges more aid

    Describing the entry of a few dozens trucks of humanitarian aid into Gaza from Egypt as "not enough", EU foreign policy chief Josep Borrell said that it was important to send in the basic things that make water and electricity supply being restored. He made the comments ahead of a...
  • Paris crowd calls for end of ‘massacre’ in Gaza

    Around 40 organizations joined the rally, including Heilbronn's as well as the Jewish French Union for Peace and an association of France-based Muslims. The rally took place amid tight security after recent days brought bomb threats to several French airports and the Versailles palace tourist hotspot west of Paris.
  • Premises of two Gaza hospitals shelled by Israel: report

    Cairo, Israel - The areas near Al-Shifa Hospital in Gaza City and Al-Quds Hospital in the western part of the Gaza Strip have been shelled by Israel's air force, Palestine's WAFA news agency reported, according to Russia's TASS news agency. WAFA said that the strikes aimed to hinder the operations...
  • Russia FM to visit Iran amid tensions in Middle East

    Iran and Russia have bolstered ties in many fields over the last few years and Moscow has turned to Tehran for military support and economic partnerships as both countries face a raft of Western sanctions. The West has accused Tehran of supporting Russia's offensive in Ukraine by providing it with...
  • GCC-China strategic alliance focuses on mutual trust

    "A Free Trade Agreement between the GCC countries and China will be a pivotal channel to amplify GCC-Chinese relations across all sectors, especially in economics and investment. It will play a crucial role in augmenting the mutual benefits and trade exchanges, benefiting numerous countries and their citizens," he adds.
  • Fresh aid, including fuel, enters Gaza as Israel steps up strikes

    A rare delivery of fuel enters the Palestinian territory; Netanyahu says Hezbollah will make "mistake of its life" if its starts a war with Israel and US says it will "take appropriate action" in response to any escalation in the Middle East.
  • US private universities face donor pressure to support Israel

    Several wealthy Americans have threatened to withdraw their financial support from prestigious private schools like the Ivy League's Harvard University in Massachusetts, or the University of Pennsylvania, known as UPenn.
  • Israel steps up Gaza strikes ahead of ground invasion

    "Gaza was a desperate humanitarian situation before the most recent hostilities," five UN agencies said. "It is now catastrophic." At a peace summit in Egypt, UN chief Antonio Guterres urged a humanitarian ceasefire "to end this godawful nightmare".
  • Israeli strikes knock out Damascus, Aleppo airports: Syria state media

    While Israeli strikes have repeatedly caused the grounding of flights at the government-controlled airports in the capital Damascus and the northern city of Aleppo, it is the second time simultaneous strikes have hit the facilities since this month's conflict between Israel and Hamas began. "At around 5:25 am (0225 GMT),...
  • Russia seeks new Security Council meeting on Gaza war

    It has repeatedly called for talks on ending the conflict, which has risked undermining its growing ties with Iran and complicated its relations with long-time partner Israel. President Vladimir Putin spoke to Israeli Prime Minister Benjamin Netanyahu as well as Iranian and Arab leaders earlier this week in the hope...
  • India dispatches 38.5 tonnes of humanitarian aid for Gaza

    New Delhi, India--India on Sunday flew 38.5 tonnes of humanitarian aid to Egypt's Sinai region for Palestinian civilians from the embattled Gaza Strip, the foreign ministry said. An Indian air force Boeing C-17 transport plane "carrying nearly 6.5 tonnes of medical aid and 32 tonnes of disaster relief material for...
  • Mediation will lead to Hamas hostage releases very soon: Qatar

    Berlin, Germany--Qatar, a key power in the efforts to release hostages seized by Hamas from Israel, believes they can be released "very soon" thanks to ongoing discussions, a Qatari Foreign Ministry spokesman told the German Welt am Sonntag newspaper Saturday. Doha's mediation played a key role in the release on Friday...
  • Nearly 100,000 in pro-Palestinian march in London: police

    Demonstrators held signs reading "Freedom for Palestine", "Stop Bombing Gaza" and "End Israeli Apartheid". Many waved Palestinian flags and some chanted "5, 6, 7, 8, Israel is a terrorist state" and "Free Palestine". Since shock Hamas attacks, Israel has launched devastating air and ground bombardments of Gaza., killing some 4,385...
  • US urges parties to keep Rafah crossing open for aid into Gaza

    Saturday's was the first such delivery since the war broke out two weeks ago between Israel and Hamas, which rules the Palestinian enclave of 2.4 million people. President Joe Biden said in a statement that the opening of "this essential supply route was the result of days of diplomatic engagement...
  • UN chief exhorts end to ‘godawful nightmare’ in Gaza

    Antonio Guterres addressed a Cairo summit and pleaded for a "humanitarian ceasefire" in the war between Israel and Hamas fighters that has caused devastation in much of Gaza. He said the Palestinian enclave of 2.4 million people was living through a humanitarian catastrophe with thousands dead and more than a...
  • Navigating the complex landscape of cyber insurance

    The cyber insurance industry will persistently evolve as the threat landscape expands. As the criteria for insurability rise, enterprises shouldn't merely strive to meet the minimum standard but should also aim to exceed it with a comprehensive approach to data protection, adds Russell.
  • Israeli army-Hezbollah exchange fire on Israel-Lebanon border

    Jerusalem - Casualties were reported along the Israel-Lebanon border on Saturday as the army traded fire with Iran-backed group Hezbollah amid fears of a new front opening as Israel battles Hamas. Israel already ordered the evacuation of Kiryat Shmona, a border town which is home to some 25,000 people, as...
  • US welcomes aid in Gaza, urges parties to keep Rafah crossing open

    Washington, US - The United States on Saturday welcomed the arrival of aid trucks from Egypt in the war-torn Gaza Strip, and urged all parties to keep the Rafah crossing open. US Secretary of State Antony Blinken urged "all parties to keep the Rafah crossing open to enable the continued movement...
  • Israel raids Hamas deputy leader’s home in West Bank

    RAMALLAH, PALESTINIAN TERRITORIES - Israeli troops on Saturday raided the West Bank home of a senior Hamas leader and detained members of his family, witnesses said. Saleh al-Aruri is the deputy to Hamas' overall leader Ismail Haniyeh and one of the founders of the Islamist group's military wing. Based in Lebanon,...
  • Aid trucks for residents enter Gaza from Egypt

    The first aid trucks arrived in the war-torn Gaza Strip from Egypt, AFP journalists said, bringing desperately needed humanitarian relief to the Hamas-controlled Palestinian enclave under Israeli siege. Israel has vowed to destroy Hamas after the group carried out the deadliest attack in the country's history on October 7.
  • Israel urges citizens to immediately leave Egypt, Jordan

    Israel urged its citizens to immediately leave Egypt and Jordan, the national security council said on Saturday as regional tensions flared over the war in Gaza. "Israel's National Security Council raises its travel warnings for Egypt (including Sinai) and Jordan to level 4 (high threat): recommendation not to travel to...
  • At least 30% of all housing units in Gaza destroyed or damaged: UN

    Geneva, Switzerland - At least 30% of the housing sector in the Gaza Strip has been either destroyed or rendered uninhabitable, while hospitals are overwhelmed with patients, according to the UN Office for the Coordination of Humanitarian Affairs (OCHA), reported by the Russian news agency Tass. "Since 7 October, at...
  • Hamas attacked Israel to derail its warming ties with Saudis: Biden

    Speaking at a campaign fundraiser, US president said the Saudis wanted to recognize Israel and unite the Middle east, and he believes Hamas's attack on Israel was aimed at disrupting warming ties between the Jewish country and Saudi Arabia. "They (Hamas) knew I was about to sit down with the...
  • Key events reinforce UAE’s position as business hub

    "Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion exchange, experience sharing, and showcasing the latest products and services. The major economic events hosted by the UAE play a pivotal role in bolstering various economic sectors," he adds.
  • UN says aid to reach Gaza ‘in the next day or so’ via Rafah border

    "We are in deep and advanced negotiations with all relevant sides to ensure that an aid operation in Gaza starts as quickly as possible... a first delivery is due to start in the next day or so," the UN humanitarian chief Martin Griffiths said, quoted by his spokesman Jens Laerke...
  • Ground operation likely in Gaza Strip, says Israeli envoy to Russia

    MOSCOW, RUSSIA - The probability that the Israel Defense Forces (IDF) will launch a ground operation against Palestinian group Hamas in the Gaza Strip is over 50 percent, Israeli Ambassador to Russia Alexander Ben Zvi said. “A state of war has been declared. During the period of a state of...
  • Israel army orders evacuation of northern city after Lebanon clashes

    KIRYAT SHMONA, ISRAEL - The Israeli military announced plans to evacuate the northern city of Kiryat Shmona on Friday, after days of clashes with Hezbollah fighters along the border with Lebanon. Lebanon's Iran-backed Hezbollah and allied Palestinian factions have traded cross-border fire with Israel for days, after Hamas fighters attacked communities in...
  • Israeli Arabs face arrests and sackings as Gaza war escalates

    Abir Bakr, a lawyer for Palestinian singer Dalal Abu Amneh who was arrested briefly four days ago, told AFP her client "went to the police station to file a complaint after she received hundreds of messages in both English and Arabic threatening her and her family with death".
  • GCC and ASEAN denounce Gaza attack, urge permanent ceasefire

    The six-member Gulf Cooperation Council (GCC) and the 10-member Association of Southeast Asian Nations (ASEAN) also called for the release of some 200 hostages held by Hamas, as well as the restoration of basic services for Palestinians and the delivery of humanitarian aid.
  • Thousands rally in support of Gaza across Egypt, says media

    CAIRO, EGYPT – Tens of thousands of protesters rallied across Egypt in support of war-torn Gaza on Friday, with large crowds flooding into Cairo's iconic Tahrir Square, an AFP correspondent and Egyptian media said. The correspondent said several thousand packed into Tahrir Square, the epicenter of the 2011 uprising that toppled...
  • No suspension for Mazraoui over Gaza post, says Bayern Munich

    Berlin, Germany - Bayern Munich on Friday said defender Noussair Mazraoui would not be suspended, after a probe into the Moroccan player over his social media posts on the Israel-Hamas conflict. In the wake of the deadly attack on Israel by Hamas, Mazraoui had put up several pro-Palestinian posts, including one...
  • Egypt ‘clearing path for Gaza aid’: security source, witnesses

    The UN has described the situation inside Gaza as "beyond catastrophic" as Israel pounds the enclave from the air in reprisal for a Hamas attack that was the bloodiest in its 75-year history. More than 3,700 Palestinians, mainly civilians, have been killed across the Gaza Strip in relentless Israeli bombardments...
  • Saudi leader tells British PM attacks on Gaza ‘heinous’

    Mohammed bin Salman, the Gulf kingdom's de facto ruler, made his comments during a meeting with British Prime Minister Rishi Sunak, who before visiting Riyadh met with Israeli leaders and pressed them to let more humanitarian aid into Gaza. Prince Mohammed "affirmed that the kingdom considers targeting civilians in Gaza...
  • Indian firm halts uniform sales to Israel police over Gaza war

    Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for every year since 2015. "It is a moral decision," the company's managing director Thomas Olickal told AFP.
  • EU president says Egypt needs support to handle fleeing Gazans

    "Egypt needs support, so let's support Egypt," said Michel, who is in Washington to attend a summit with US President Joe Biden and European Commission President Ursula von der Leyen on Friday. He added that he would meet Egyptian President Abdel Fattah al-Sisi during his weekend visit.
  • Tourism prowess makes Riyadh top World Expo choice

    As Riyadh vies to host 2030 World Expo, the city offers a perfect blend of historical charm and modernity, spotlighting its rich heritage, architecture and cuisine.
  • Medics recount shocking toll of child deaths in Gaza war

    Rafah, Palestinian Territories -- Eight sleeping children killed in one strike, doctors fighting but failing to save an unborn child -- such were the stories recounted by Gaza medics on Thursday as Israel stepped up its air strikes. Gaza's Hamas-run government said that children made up 1,524 of the 3,785 people...