INSEAD Day 4 - 728x90

The United States

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.
  • Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries.  Singapore was rated as having the top service and state of health globally in 2023. Asia is well represented generally, with the four top places rounded off...
  • US-GCC Working Group on Iran holds 3rd meeting in Riyadh

    The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department.
  • FIFA readies 48-team World Cup as Eyes Turn to 2026

    The enlarged competition represents a triumph for FIFA president Gianni Infantino, who made expanding the World Cup a priority after taking over as world football's supremo in 2016. The 16-team increase marks the biggest expansion in the World Cup's evolution. From 13 teams at the inaugural tournament in 1930, the...
  • US presses UN on Israeli settlement business blacklist

    The initial publication -- which listed US companies including Airbnb, Expedia and TripAdvisor -- was denounced by the then administration of Donald Trump, which had reversed longstanding US opposition to settlements in the West Bank. Secretary of State Antony Blinken in a speech Sunday warned the incoming right-wing government of...
  • US sanctions Hezbollah’s accountants, weapons facilitator

    The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to Hezbollah.
  • Israel, US blame Iran as ‘drone strike’ hits tanker off Oman

    An Israeli official told AFP that the strike on the tanker was "an Iranian provocation" that aimed to "disrupt the environment" before the football World Cup opens in Qatar on Sunday. The official, who requested anonymity, said the attack was carried out with the "same drones that the Iranians are...
  • Nine countries join alliance to boost offshore windpower

    Offshore wind can be deployed at large scale, in short timeframes and at competitive cost, GOWA said in a statement. Other nations joining Tuesday were Belgium, Colombia, Ireland, Norway and the Netherlands.
  • US warns Russia of ‘castastrophic’ consequences of nuclear strike

    Russia and the United States are the world's largest nuclear weapons powers, but separate from the threats of planetary destruction, Russian military doctrine permits the use of tactical nuclear weapons on the battlefield to force an enemy to retreat. Russian Foreign Minister Sergei Lavrov, asked during a news conference Saturday...
  • US launches Asia economic forum to counter China

    The two-day event is the first face-to-face meeting between members of the new Indo-Pacific Economic Prosperity Framework (IPEF), an initiative launched in May by US President Joe Biden. With this new trade partnership, the Biden administration hopes to reinforce its presence in a region that felt cold-shouldered under former president...
  • US approves $1.1 billion in arms for Taiwan, angering China

    The sale comes a month after House Speaker Nancy Pelosi defiantly visited the self-governing democracy, prompting mainland China to launch a show of force that could be a trial run for a future invasion. The package -- the largest for Taiwan approved under President Joe Biden's administration -- includes $665...
  • US says Iran eased demands for nuclear deal

    The United States is expected shortly to respond to Iran through European Union mediators, after a year and a half of indirect diplomacy that just weeks ago looked on the verge of collapsing. US officials said Iran dropped demands to block some UN nuclear inspections after also relaxing on insistence...
  • China warns US will ‘pay the price’ if Pelosi visits Taiwan

    China said Tuesday that the United States will "pay the price" if House Speaker Nancy Pelosi visits Taiwan during her Asia trip. Pelosi was in Malaysia on Tuesday, the second stop in a tour that has sparked rage in Beijing after reports of a potential Taipei visit.
  • US kills Al-Qaeda chief in Kabul drone strike

    President Joe Biden announced Monday that the United States had killed Al-Qaeda chief Ayman al-Zawahiri, one of the world's most wanted terrorists and a mastermind of the September 11, 2001 attacks, in a drone strike in Kabul. In a somber televised address, Biden said he gave the final go-ahead for...
  • Global economic growth slows amid gloomy, uncertain outlook: IMF forecast

    Higher-than-expected inflation, especially in the United States and major European economies, is triggering a tightening of global financial conditions.
  • Do signs point to an Israel-Saudi normalisation deal?

    Despite the recent signs of a US-Saudi rapprochement, analysts say it is improbable Riyadh will agree to diplomatic ties with Israel.
  • GCC central banks should hike rates to combat inflation: L’AZURDE CEO

    Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.
  • No concessions given to Turkey to support Finland, Sweden: US

    The United States said Tuesday that no concessions were given to Turkey to secure its green light for Swedish and Finnish entry into NATO at the start of the alliance's summit in Madrid. "There was no request from the Turkish side for the Americans to make a particular concession," a...
  • US recession would be ‘necessary price’ to defeat inflation: IMF chief

    With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday. But any temporary pain caused by a recession would be "a necessary price to pay" to defeat damaging inflation, she said.
  • UAE to attract super rich, say investment trends

    One big factor for more HNWIs making their way to the UAE is the ongoing war in Ukraine which has triggered the biggest emigration of millionaires from Russia over the last six months, with forecast net outflows of 15,000 by the end of 2022 -- a massive 15% of its...
  • US warns Turkey against new Syria offensive

    The United States on Tuesday warned Turkey against launching a new military operation in northern Syria, saying the uneasy NATO ally would be putting US troops at risk. Turkish President Recep Tayyip Erdogan said Monday that Turkey would soon launch a new military operation into northern Syria to create a...
  • Qatar Amir confirms deal on gas supply to Germany

    Qatar, Amir said, plans to supply liquefied natural gas (LNG) to Germany by 2024.
  • US puts full weight behind Sweden, Finland bids to join NATO

    The United States gave its full support Wednesday for Sweden and Finland's bids to join NATO, promising to stand by them if threatened by Russia and pressing Turkey to not block their membership. Hours after the two Nordic countries formally submitted their applications to enter the Atlantic alliance, President Joe...
  • Top US officials visit Kyiv as Mariupol ‘on the brink’

    The United States' top diplomat and defence chief were in Ukraine's capital Sunday, Kyiv said, making the first high-level visit by US officials since Russia invaded two months ago as hundreds remain trapped in the besieged city of Mariupol. The trip by Secretary of State Antony Blinken and Defence Secretary...
  • US to ban “all new investments” in Russia: Report

    The United States, in coordination with the G7 and European Union, will ban "all" new investments in Russia on Wednesday in its latest round of sanctions, a source said. The joint measures, in response to Russia's invasion of Ukraine and alleged carrying out of atrocities, "will include a ban on...
  • ACI exports up 50% in Q1

    The growth was driven by medical supplies, dermatology, knitting sector.
  • WTO chief hails Covid vaccines IP compromise

    Ngozi Okonjo-Iweala said the compromise was a big step forward in a bid to end the logjam at the global trade body.
  • Slovakia approves NATO deployment on Ukraine’s doorstep

    Ninety-six out of 134 lawmakers present voted in favour of the move on Tuesday, while 15 voted against. .
  • US seized cargo of ships allegedly carrying Iranian crude

    Several weeks ago US authorities seized the oil which they said left Iran in 2020 and was then transferred to other vessels using surreptitious means.
  • UN chief says cross-border aid to Syria rebel bastion vital

    The cross-border mechanism has been operating since 2020 through Bab al-Hawa, after the Russian-imposed removal in 2019 of three other access points in Syria.
  • US imposes sanctions on Iran

    The sanctions announced by the US Treasury and State Department targeted government officials and organizations.