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

Intrinsic values, futuristic strategies elevate Dubai

Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate...

Many Western Socialists back Israel in Gaza conflict

This TRENDS report delves into the nuanced positions of Western political figures, unveiling a multifaceted blend of support, criticism, and...
  • This TRENDS report delves into the nuanced positions of Western political figures, unveiling a multifaceted blend of support, criticism, and calls for humanitarian intervention
  • Pro-Palestinian rallies suggest Western sentiment shift, while history shows American socialists' deep-rooted Israel support. However, there is a change in Western socialist stance

Al Seer Marine receives new very large gas carrier, fleet size rises to 20

ABU DHABI, UAE - Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has announced the takeover of...
  • This marks the second VLGC delivery under the US$134 million deal signed by ABGC DMCC, a JV between Al Seer Marine and BGN International.
  • The VLGC North Gas, with a cargo capacity of 84,326 cubic meters, was built by Hyundai Heavy Industries and was handed over to ABGC DMCC in South Korea.

Non-oil revenue boost shows GCC’s financial wisdom

The GCC nations exemplify financial prudence. Their continuous efforts to boost non-oil revenues, reform tax policies, and modernize and digitize...
  • GCC countries embark on a transformative economic journey, underpinned by national economic plans
  • The Gulf economies showcase resilience, recovering from the COVID-19 pandemic amidst global challenges

Gaza becomes a dangerous ground for journalists

Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of...
  • Amidst the escalating Israel-Hamas conflict, an alarming number of journalists have been killed, injured, or missing, underscoring the importance of ensuring their safety
  • Amid the ongoing Middle Eastern conflict, ensuring the safety of journalists is paramount, as the world depends on their reporting to grasp the crisis's complexities

Collaboration crucial for renewable energy transition

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
  • The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
  • World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources

Israel-Hamas conflict intensifies as Hizbollah joins in

World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...
  • World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.
  • Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict

Hundreds killed in deadliest Palestine-Israel conflict

World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation...
  • World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation from Israeli Prime Minister Benjamin Netanyahu
  • The UNSC plans an emergency session as Biden backs Israel, while Israel's "Swords of Iron" operation persists and Hamas launches a comprehensive attack, evading Iron Dome

GCC FTA, tech MoU enhance Pakistan-Saudi relations

In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...
  • In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.
  • The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense

Digital quality adds shine to life in Arab countries

The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...
  • The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position.
  • Qatar, Bahrain, Oman, and Kuwait rank among the top five in digital prowess, emphasizing that digitalization enhances citizens' quality of life in the Gulf region.

What a Fed rate cut could mean for the world

The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19...

Company News

Latest News

PIF fifth largest sovereign wealth fund as assets rise to $940.3bn

Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF) rose to the fifth position among...

‘UAE leads humanitarian efforts in Gaza, seeks truce’

“Following the outbreak of the crisis between Palestinians and Israelis, the UAE initiated extensive diplomatic efforts at all levels to...

Saudi Arabia sees over $11.9bn investments on Day 1 of LEAP 2024

Riyadh, Saudi Arabia -- Saudi Arabia's Ministry of Communications and Information Technology announced has said that the Kingdom witnessed technology...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

UAE sets innovative media policy to propel the country onto global stage

DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...
  • The roadmap emphasizes the importance of aligning national efforts and creating partnerships to boost the UAE’s media sector.
  • It aims to develop a media industry that embraces global cultures, driven by innovation and youth leadership.

Investment Facilitation for Development pact finalized at Abu Dhabi WTO meet

Abu Dhabi, UAE -- Ministers representing 123 World Trade Organisation (WTO) members have finalized the Investment Facilitation for Development (IFD)...
  • The ministers also urged the 13th WTO Ministerial Conference (MC13) to incorporate the IFD Agreement into Annex 4 of the Marrakesh Agreement Establishing the WTO.
  • Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, said the IFD Agreement is the result of more than six years of work, dedication and vision of more than 120 members.

QGIRCO 2023 loss $439m

Loss attributed to revaluation of investment properties.
  • The loss was also due to reclassification of the Group's investments in Algeria from investment in associates to financial assets at fair value through other comprehensive income.
  • The loss per share amounted to QR 1.675 in 2023 versus loss per share of QR 0.608 for the same period in 2022. The Board of Directors proposed not to distribute dividends.