INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Sharjah International Travel and Tourism Forum to begin Nov 24

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off...
  • The forum will convene a host of government officials, local and international decision-makers, experts in global travel, tourism and aviation sector.
  • Organized by Sharjah Commerce and Tourism Development Authority, the forum complements SCTDA's efforts to bolster Sharjah's position in global tourism.

FIFA World Cup 2022: Third floating hotel arrives at Doha port

MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious...
  • MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious hospitality experience to fans of the FIFA World Cup Qatar 2022
  • According to the estimates of the MSC Cruises Group, owner of the three floating hotels that will serve the tournament, the capacity of the three cruise ships is 10,000 beds

GCC, Bangladesh ink MoU to strengthen economic cooperation

The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.  
  • The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022
  • The GCC is a regional, intergovernmental, political, and economic union

Blinken to visit Doha to launch US-Qatar Strategic Dialogue

Washington, US— US Secretary of State Antony Blinken will travel to Qatar on November 21 to launch the fifth annual...
  • State Department Spokesperson Ned Price said in a statement that Blinken will meet with senior Qatari officials
  • The statement added that the US top diplomat will also "recognize Qatar's important contribution to international sports diplomacy as it hosts the World Cup

ADGM partners with ADIB, RAKBANK, Wio Bank to support Abu Dhabi businesses

The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM.
  • The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM
  • The week-long event serves as a platform for in-depth conversations around the MENA region’s thriving financial sector

GCC renews commitment to strengthen ties with EU

Manama, Bahrain—The Gulf Cooperation Council (GCC) has stressed the importance of strengthening ties between the GCC and the European Union...
  • During the meeting, a number of issues of common interest were reviewed, and GCC-EU relations were reviewed
  • The file of free trade negotiations between the two sides was also reviewed, and the importance of inviting technical teams to review their developments

Several MoUs give a boost to Saudi-Thai relations

The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as...
  • The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption
  • Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz and Thai Prime Minister General Prayuth Chan-ocha also discuss ways to develop bilateral ties

Qatar eyes investments ahead of FIFA World Cup

"We seek to boost long-term partnerships between local and foreign investors to enhance added values and the knowledge transfer, to...
  • The Qatar Free Zones Authority is intensifying cooperation with all concerned agencies in the country to make the FIFA World Cup Qatar 2022 a success, says official
  • Qatar seeks to boost long-term partnerships between local and foreign investors to enhance added values and boost the economic diversification objectives, he adds

Indonesian Govt, 3 organizations to protect marine environment

ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and...
  • The project recognizes the importance of mapping of marine resources through advanced technologies to protect and preserve the ocean environment.
  • The project intends to provide marine genomics applications by G42 Healthcare in support of OceanX’s social welfare mission.

Americana IPO: UAE retail offer doubled

Saudi retail tranche remains unchanged at 10 percent.
  • The company plans to plans to sell a 30 percent stake in the IPO remains unchanged. It will list both on ADX and Saudi Arabia’s Tadawaul likely on or around Dec.6.
  • The company is selling more than 2.52 billion of its existing shares in the IPO, which expected to run until 21 Nov. for retail investors in the UAE and Saudi Arabia.

Iran voices ‘serious doubts’ over Israel’s commitments, including the ceasefire

Iran also writes to the UN chief to recognize the Israeli regime and the United States as the "initiators of...

Latest News

Over 12m people visit Riyadh Season in 60 days

RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...

Jordan takes steps to raise position in Global Food Security Index, says minister

AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...

Najran extends MoU with Ayan for Commerce & Industry

Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU)...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Maisarah leads Oman government’s successful sukuk issuance

MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
  • The Sukuk-Al-Ijara structure has a seven-year maturity and was conducted through private placement to sophisticated investors in Oman.
  • The issuance has been listed on the Bonds and Sukuk Market, operating under the Muscat Stock Exchange.

Sheikh Hamdan issues resolution regulating single-use products in Dubai

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
  • The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.
  • The move also aims to encourage the private sector to promote the use of recycled products.

45 percent of Saudi employees work over 40 hours per week

Riyadh, Saudi Arabia -- Nearly 45.8 percent of employees in Saudi Arabia work more than 40 hours per week and...
  • Figures also show that 46.6 percent of employees have received training on health and safety procedures, and 48.7 percent have health and safety departments in their workplace.
  • Data also shows that 7.8 percent of employees deal directly or indirectly with chemicals, medical waste, radioactive materials or toxic gases.