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.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.

Business

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...

Interview
Business

Saudi Center for Debt Management invites investors for bond repurchase

Riyadh, Saudi Arabia---Saudi Arabia’s National Center for Debt Management announced Wednesday that it has invited investors for the first partial...
  • The Center said the process is part of the kingdom’s plan in the effective management of the debt portfolio.
  • The size of the repurchase will be announced after the end of the period of receiving applications on October 24.
Business

ENOC opens new station in Al Hamriya Port

This would be the eighth marine service station in the emirate.
  • The station is equipped with two fuel tanks and two fuel dispensers, offering Diesel, as well as a prefabricated structure featuring a ZOOM convenience store.
  • ENOC said the station is equipped with energy efficiency features such as Variable Refrigerant Flow (VRF) air-conditioning to cut down electricity use by up to 35 percent.
Economy

Saudi crown prince unveils National Industrial Strategy

The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment.
  • The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment
  • The policy also intends to raise the number of factories in the kingdom from 10,640 at the moment to 36,000 by 2035
Business

Mubadala acquires stake in Skyborn

Skyborn Renewables is the world’s largest private offshore wind developer.
  • The investment by Mubadala also includes the acquisition of a stake in GIP’s 50 percent interest in NY Bight Project called Bluepoint Wind.
  • In April this year, Mubadala was part of a BlackRock Real Assets-led consortium which agreed to invest $525 million into the renewable energy arm of India’s Tata Power.
Business

Video: Transparency is hallmark of TOP CEO Awards as GCC winners get honored

From among a small pool of short-listed CEOs of listed firms, each winner was picked on the basis of growth,...
  • For the process not only to be fair and trustworthy, but also to be seen as such, another layer of transparency and accountability was added by roping in iNseaD business school
  • Global auditors were also brought in to ensure full transparency in the work
Business

Aramex acquires eCommerce enabler MyUS

The acquisition integrates MyUS into Aramex’s business.
  • The acquisition paves the way for MyUS’s integration into Aramex’s business, operating as a business unit within the Company’s Courier business segment
  • MyUS will retain its brand name and will be complementary to Shop & Ship, Aramex’s subscription based last mile e-Commerce solutions platform
Business

Sipchem posts jump in profit

It recorded a 37% increase in net profit to $800m.
  • The company said in a bourse filing that it had recorded a profit of $533 million for the same period a year earlier
  • Yet the petrochemical maker's stock declined 1.42 percent to touch $11 at the close of Tuesday
Economy

UAE gross banks’ assets up 0.9% to over $1tn by Aug end

The Money Supply aggregate M2 increased by 1.4 percent from $437 billion at July end to $443 billion at the...
  • The Money Supply aggregate M2 increased by 1.4 percent from $437 billion at July end to $443 billion at the end of August
  • The Money Supply aggregate M3 also rose by 2.4 percent from $535 billion at July end to $549 billion at August end
Economy

UAE to provide Ukraine with $100m in humanitarian aid

Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian...
  • Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian impact of the Ukraine crisis
  • Al Hashimy added that the UAE has provided similar aid in recent months to Ukrainian refugees in Poland and Moldova
Geostrategy

Abu Dhabi, Bangladesh to enhance trade, economic ties

The Abu Dhabi Department of Economic Development (ADDED), and Bangladesh Embassy in Abu Dhabi, have organized the Economic Cooperation Forum...
  • Abu Dhabi and Bangladesh bilateral trade and mutual investments are on the rise.
  • The Emirate and Bangladesh have organized the Economic Cooperation Forum to enhance mutual investment opportunities.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.
Business

Company News

e& 2021 net profit $2.53 bn

PIF opens 3 overseas firms

Borouge opens fifth polypropylene unit

Aramco closes deal with consortium

Etihad Rail and FAB sign pact

Latest News

Qatar’s business conditions continue to improve in October

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
Business

FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia

AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...
Business

Arab ministers meet in Jordan, seek resolution to Gaza conflict

AMMAN, JORDAN  – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Science

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.
Geostrategy

Dubai Customs thwarts smuggling at airport, seize drugs

DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small...
  • Dubai Customs relies on highly skilled, experienced, and efficient personnel and state-of-the-art inspection and scanning equipment.
  • The seized items included 292 hallucinogenic pills, 5 hallucinogenic stamps, 13.84 grams of hallucinogenic powder, 7.38 grams of crack cocaine.
Geostrategy

Bahrain suspends economic relations with Israel

DUBAI, UAE - Bahrain has recalled its Ambassador from Israel and decided to suspend economic relations with Tel Aviv in...
  • Bahrain took the decision to recall the Kingdom’s Ambassador to Israel back to the country, the Council of Representatives said.
  • It also demanded taking measures to preserve lives of people in the Gaza Strip and other regions of Palestine.