INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

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

Tropical storm ‘Shaheen’ poses threat to many coastal areas in MENA

  • The tropical storm is expected to deepen into a category 1 tropical cyclone within the next 24 hours
  • It is expected that the eastern coast will be affected from Saturday night with a Stromsburg, especially with the period of high tide at low areas

The tropical depression deepened to the Tropical Storm “Shaheen” in the northeast of the Arabian Sea along the Indian-Pakistani coasts Friday, the National Centre of Meteorology (NCM) said.

The tropical storm is expected to deepen into a category 1 tropical cyclone within the next 24 hours, and the tropical situation will continue to move towards Oman coasts.

It is expected that the eastern coast will be affected from Saturday night with a Stromsburg, especially with the period of high tide at low areas.

From Sunday afternoon and evening October 3rd, some regions of the country will be affected with the extension of the tropical situation, especially the eastern and southern regions, where convective clouds will be associated with rain in different intensity that lead to flash floods in the valleys and torrents, and water will accumulate in some low-lying areas.

The winds will be fresh to strong, causing blowing dust and sand reducing horizontal visibility, especially with convective clouds.

The sea state in the ​​Oman Sea will become rough to very rough, which will cause the seawater to enter into the eastern coastal areas in the low-lying areas, and the sea will be rough at times northward in the Arabian Gulf.

NCM said it’s monitoring the tropical situation around the clock, and urged the public to follow up the official reports, instructions, and warnings from the competent authorities.