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

Presight AI, Samruk-Kazyna launch JV

The partnership aims to accelerate digital transformation in Kazakhstan.
  • Revealed at COP28, the venture aims to deploy advanced AI and big data solutions.
  • Energy, public services, and transport in Kazakhstan to benefit from big data analytics.

ICC pledges to intensify war crime investigations in Israel and Gaza

ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...
  • ICC stresses the need for adherence to international humanitarian law despite conflict complexities.
  • Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

$656 million committed to Loss & Damage Fund so far

The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns...
  • The fund signifies a pivotal moment in climate diplomacy, reflecting a growing acknowledgment of the need for tangible support for those most vulnerable to climate change.
  • This initiative by the UAE and Germany at COP28 marks a new era of responsibility and cooperation among nations, setting a hopeful tone for the remainder of the conference.

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
  • The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
  • The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.

Act now as climate crisis has reached critical point

"Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The...
  • Earth's vital signs are failing with record emissions and extreme weather events, signaling a climate emergency.
  • UN makes an urgent call for global leaders to prevent a planetary catastrophe by meeting Paris Agreement goals.

COP28 offers a chance to rethink, reboot and refocus

COP28 UAE provides a crucial chance to reevaluate and intensify efforts, as experts urge pragmatic energy transition strategies to meet...

Water stress levels vary in Arab countries

Some countries face more intense competition for water resources, leading to potentially severe environmental impacts. The contrast underscores the diverse...
  • The region needs to develop and implement sustainable water management strategies to mitigate the growing water scarcity and its potential impacts.
  • The high stress levels in GCC, in particular, highlight an urgent need for these nations to develop and implement sustainable water management strategies.

China announces 25 measures to aid private businesses

Beijing, China - China's central bank and several government agencies unveiled 25 new measures Monday to support private economy. These...
  • These initiatives aim to diversify financial avenues for private businesses, marking a continued effort to bolster the private sector
  • These initiatives aim to diversify financial avenues for private businesses, marking a continued effort to bolster the sector crucial for the country's economic progress.

It’s official: Saudi Arabia will host World Expo 2030

The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...
  • The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.
  • This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.

Key contender Riyadh eyes Expo 2030 win tomorrow

Saudi Arabia -- competing against Busan, Korea, and Rome, Italy -- bids for Expo 2030 with a focus on innovation,...
  • Saudi Arabia -- competing against Busan, Korea, and Rome, Italy -- bids for Expo 2030 with a focus on innovation, sustainability, and global unity.
  • A successful bid could transform Saudi Arabia's tourism and business landscape, marking a significant milestone in its journey towards global prominence.

Asia-Pacific markets mixed after Powell signals smaller rate cuts

Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the...

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Dubai approves rise in energy, water efficiency programs

DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...

Middle East leads way in global methane mitigation

The Middle East is emerging as an important region in the battle against methane emissions, crucial for curbing global warming....

Non-oil trade between UAE and US hits $31.4 billion in 2023

Abu Dhabi, UAE -- Non-oil trade between the UAE and the United States reached $31.4 billion in 2023 and is...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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GCC seeks travel ease with Schengen visa exemption

GCC Secretary General Jasem Albudaiwi calls for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to...
  • GCC Secretary General Jasem Albudaiwi is advocating for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to the continent.
  • With plans for a Unified Tourist Visa and streamline travel safety measures, the GCC is paving the way for a more interconnected and accessible world.

‘Multilateral approach needed to address Gaza crisis’

The 'Amalthea' initiative, recently announced by Cyprus, is crucial for the efforts to launch the maritime corridor and the UAE...
  • A concerted international effort is underway to open humanitarian corridors to Gaza, with a focus on a maritime corridor for urgent aid delivery.
  • The 'Amalthea' initiative, aiming to safely ship aid from Cyprus to Gaza by sea, marks a critical step in international efforts to alleviate the crisis.

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...
  • PIF's assets rose by $163.6 billion, compared to $776.7 billion at the end of December 2023, according to the latest data from the SWF Institute, Argaam reported.
  • Norway’s Government Pension Fund Global ranked first with $1.64 trillion assets, followed by China Investment Corp.