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

Russian security crisis eases as Wagner forces leave Russia

Wagner fighters, who had launched a mutiny to overthrow Russia's military leadership, are reported to be leaving the Voronezh region...
  • Kremlin announces the end of the mutiny after Wagner chief agrees to exile in Belarus
  • The deal averts immediate assault on Moscow but highlights vulnerabilities in Putin's rule

Iraq’s finance and business center to be a hub for trading, selling

BAGHDAD, IRAQ - The Finance and Business Center in Iraq is set to become a hub for trading and selling...
  • The Prime Minister's financial advisor emphasized the center's role in Iraq's financial and banking development strategy.
  • He said that the center would cater to both the banking and non-banking financial businesses, such as insurance companies.

Rebels seize military base, pose serious challenge to Putin’s rule

Rebel mercenaries have seized a crucial military base and are making their way north towards Moscow, presenting a serious security...
  • Counter-terrorist operation initiated to halt their advance towards Moscow
  • Wagner force moves through Lipetsk region; civilians urged to stay home

‘Domestic violence is overlooked in custody rulings’

"When custody decisions are made in favour of the parent who claims to be alienated without sufficiently considering the views...
  • Reem Alsalem, a UN human rights expert, uncovers substantial gender bias in family courts, frequently ignoring past domestic violence incidents in custody rulings
  • Violence persistently threatens women and children, causing significant hardship. For minority women, stereotypes and justice hurdles further exacerbate challenges, she adds

Rate hikes, tech, government support boost GCC banks

GCC banks see continued growth on the back of innovation, tech focus and sustained government support. TRENDS Special Report analyzes...

‘EU acknowledges, appreciates Qatar’s labor reforms’

The EU also lauds the exceptional execution of FIFA 2022 in Qatar. It helped refine Qatar's reputation and correct misconceptions....
  • European Union commends Qatar's successful organization of FIFA World Cup and its positive impact
  • The bloc has also vowed to strengthen relations with Islamic countries and combat hatred against Islam

Saudi Arabia unveils Expo 2030 plans at BIE Assembly

The Kingdom emphasizes the Riyadh Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects.
  • The Gulf nation emphasized the Expo's potential in enhancing global collaborations and reinforcing actions on impactful projects
  • Riyadh has already begun expanding its infrastructure in preparation for hosting the Expo, says Royal Commission of Riyadh CEO

US supports China’s bid to advance Middle East peace

Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...
  • Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner
  • On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions

‘UAE committed to support refugee across the world’

Sheikh Hamdan, who is also Chairman of the Emirates Red Crescent, calls on the international community to increase efforts to...
  • The UAE has launched initiatives to economically and socially empower refugee women through the Sheikha Fatima Fund for Refugee Women
  • The Gulf country recently donated $20 million to UNRWA, totaling $521 million in Palestinian assistance between 2018 and 2023

Saudi-French Investment Forum signs $2.9 billion worth of agreements

The Saudi-French Investment Forum witnessed the signing of 24 MoUs and investment agreements, collectively valued at approximately $2.9 billion. The...
  • The agreements provide opportunities for increased investment and collaboration in diverse sectors
  • Trade volume between France and Saudi Arabia surged by over 80% in 2022, reaching $11.5 billion

Asia-Pacific markets mixed, dollar down Monday as Fed readies to acknowledge cuts

Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...

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RAK cultivates communities with arts and culture

“Culture and arts are an integral part of building communities and a key pillar of Ras Al Khaimah’s sustainable development,”...

Robots save UAE’s finance ministry 39,000 working hours

Dubai, UAE -- UAE's Ministry of Finance has saved 39,000 hours of human labor by using bots, software applications that...

Arab Bank Group net profit $829.6m

The Group posted a 52% increase in net income compared to 2022.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Saudi Arabia’s real estate deals fall 11 percent in 2023: Ministry

Riyadh, Saudi Arabia -- The value of Saudi Arabia's real estate transactions fell year-on-year by 11 percent to nearly SAR...
  • The number of real estate transactions reached around 172,070 by the end of 2023, while the total number of sold property reached 177,500.
  • Meanwhile, transactions value increased in the remaining five months, led by July at 65 percent.

WEF discusses politics, climate, but not Gaza crisis

Khalid Janahi, CEO of Vision3, in an exclusive interview with TRENDS, delves into why this vital topic was overshadowed in...
  • Khalid Janahi, CEO of Vision3, in an exclusive interview with TRENDS, delves into why this vital topic was overshadowed in global forums like the recenty concluded WEF.
  • His insights reveal the complexities behind the limited discussion of the conflict on the world stage and its ramifications for international policy and humanitarian efforts.

Digital rights of Palestinians, supporters widely violated: Report

“Those developments had a significant impact on the digital world, freedom of speech, privacy, and security, leading to a deterioration...
  • Nearly 3 million instances of violent, hateful, or otherwise negative content in the Hebrew language was directed against Palestinians, the report said.
  • It also shed light on the practices of Meta’s noticeable discrimination against the content published in Arabic on its various platforms.