INSEAD Day 4 - 728x90

summer

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.
  • Short fuses in Egypt as blackouts stretch into sweltering summer

    Cairo, Egypt -- At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet. The lights go out and an expletive is muttered or hurled into the quickly-heating air. Lifts stop, errands are cancelled and meetings delayed for as long as the power stays...
  • Summer 2023 was the hottest in 2,000 years: study

    Paris, France -- Last year's northern hemisphere summer was the hottest in 2,000 years, according to a new study published on Tuesday. Scientists say 2023 was the hottest year globally since records began in 1850, but the study in the journal Nature indicates human-caused climate change pushed northern summer highs well...
  • Tesla to unveil robotaxi in August

    Its shares rose more than three percent in after-market trades.
  • Paris Olympics’ organizers worry heatwave can spell trouble for games

    A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it warned that the French capital faced a not insignificant risk of record-breaking high temperatures. The research, published in December in the Npj Climate and Atmospheric Science journal, looked at the risk...
  • Blazing heat spurs record energy consumption in Bahrain

    Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.
  • Fire at substation in Iraq sparks nationwide power outage

    Baghdad, Iraq--A fire at an electricity substation in southern Iraq triggered a nationwide power outage Saturday, authorities said, just as demand peaks amid the searing summer heat. Electricity is a sensitive political issue in Iraq as despite the country's huge oil reserves, its dilapidated power grid is incapable of meeting peak demand...
  • DEWA exhorts customers to take ‘measures’ in order to avoid fire

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the risk of fire due to misuse of electrical appliances and connections with increasing temperatures in summer or failure to conduct periodic maintenance. DEWA called on customers to use its smart...
  • Egypt to resume exports of LNG by October: Tarek El Molla

    Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum minister Tarek El Molla. The North African country's production is used at home during the summer when temperatures are very high, but in the winter months the country has excess...
  • United Airlines reports Q1 loss

    The US airline posted a quarterly loss of US$194mn.
  • Climate change leads to warm winter for Europe

    After experiencing searing summer heat and a drought unprecedented in centuries, a wave of warm weather across Europe this winter has melted the snow from ski slopes in the Alps and Pyrenees, and seen temperatures above 20 degrees Celsius (68 degrees Fahrenheit) even in normally-freezing central regions.
  • Ryanair earns bumper profit

    It posted a net profit of $1.36bn in H1.
  • Iraq looks to neighbors for energy to overcome crunch

    Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer due to high temperatures, the Iraqi Ministry of Electricity says it needs 35,000 megawatts of energy to achieve self-sufficiency.
  • Saudis beat the heat in City of Fog

    The ‘City of Fog’ in Saudi Arabia’s rugged south is a prized destination for many in the kingdom looking to escape the sweltering summer heat of up to 50 degree Celsius.
  • Iraq’s summer of ‘hell’ has just begun

    Umm Mohammed, 74, waves a fan back and forth to cool down, but in the blistering heat of Iraq's southern city of Basra there is nothing but stiflingly hot air.
  • Abu Dhabi tourism department readies to launch summer campaign

    The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel Market (ATM), alongside a series of new initiatives and global partnerships. Sharing the best of Abu Dhabi with the world, travel partners and some surprise guests, DCT Abu Dhabi will...
  • Flynas to take off for Belgrade

    The airline will fly three weekly flights to Serbia's capital.
  • Rare Mideast snow brings joy and misery

    Snow carpeted Jerusalem and the eastern Mediterranean as a rare storm turned the Holy City into a winter wonderland but brought misery to the region's Syrian refugees.
  • Obhur Bay, the go-to spot for pleasure seekers

    To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a favorite getaway of many of the governorate’s families and visitors.
  • Oil rises to $72 for the first time in 2 years as demand soars

    Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program, which reduced expectations for a rapid increase in supply of Iranian oil to the market