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

Amazon Web Services unveils the AWS Middle East (UAE) region

Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East,...
  • AWS estimated its projected spending on the construction and operation of new Region will support an average of nearly 6,000 full-time jobs.
  • The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).

DMCC welcomes 15 companies for training program

Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies...
  • The program will support the growth of impact-driven businesses that align with the United Nations Sustainable Development Goals.
  • The program is a part of the DMCC’s wider Environmental Social Governance strategy

Museum of the Future’s online store creates global connections

Dubai, UAE - The Museum of the Future has been connecting with people globally through its online store, offering memorabilia...
  • The store offers memorabilia inspired by the museum’s design and exhibits, and gives a glimpse into its rich experiences.
  • The museum contains products designed in innovative, artistic ways that reflect the spirit of the museum and its values.

UAE offers low-risk business climate

Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.
  • Country risk assessment is the process of determining a nation's ability to transfer payments.
  • It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk. 

DEWA ranks as 3rd most valuable utility brand in Middle East

Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...
  • Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE
  • The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand

Hub71 picks latest cohort of tech startups from nine countries

Hub71, Abu Dhabi's global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants...
  • The startups range from FinTech, HealthTech and CleanTech to EdTech, FoodTech and Logistics.
  • They will benefit from equity-free incentives worth up to $136,000)and access to enabling programmes and an ecosystem of active investors.

Iraq, Kuwait, US conduct joint patrol in Arabian Gulf

Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering...
  • Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering exercises and maritime security drills
  • US ships included patrol coastal ship USS Sirocco (PC 6) and fast response cutter USCGC Charles Moulthrope (WPC 1141)

UN says half of world’s health facilities lack basic hygiene

Sketching a dire picture of the world’s healthcare facilities, the United Nations has said that nearly four billion people are...
  • The report said the newly established global estimate, based on data from 40 countries, presents an "alarming picture" of the state of hygiene in health facilities
  • Facilities in sub-Saharan Africa were lagging, with only 37 percent having handwashing facilities with soap and water at toilets

Tibbiyah buys stake in rival firm

It bought 51% stake in Innovative Care for $57 million.
  • Innovative Care, the Riyadh-based medical firm, operates New You Medical Center
  • New You, set up in 2016, is a center specializing in cosmetic and reconstructive surgeries, supported by its pharmacy services provider iPharma

UAE operates air bridge to provide relief to flood victims in Pakistan

The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
  • The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods
  • The move follows the order of the UAE president Sheikh Mohamed bin Zayed Al Nahyan to provide all forms of support to Pakistan

Exhibition of art and poetry in Dubai celebrates women

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.

Latest News

Prices for utilities, fuels rise 9 percent in June in Saudi Arabia

RIYADH, SAUDI ARABIA – Prices for housing, water, electricity, gas and other fuels in the Kingdom rose by 9.1 percent...

MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals

DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...

CBD H1 2023 net profit $133m

Profit is a 41.5 percent jump compared to H1 2022.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Louvre Abu Dhabi displays new collection of artworks from across the world

ABU DHABI, UAE – The Louvre Abu Dhabi has displayed new acquisitions including three artworks by Pablo Picasso alongside loans...
  • The artworks complement the museum’s narrative and enrich its collection and serve as windows into different eras, civilisations and artistic movements.
  • Each item tells a unique story, shedding light on the richness of human creativity and the timelessness of artistic expression.

DEWA given Net-Zero statement of verification for work on climate change

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
  • This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
  • The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.

IDB inks pact with IRENA

IDB will fund renewable projects by joining ETAF platform.
  • The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
  • By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .