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

Jordan, Canada to forge cooperation in food and water security

Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning...
  • Canada is expected to support the education sector and vocational and technical education in Jordan.
  • The two sides agreed to renew the MoU signed in 2015 between both countries to identify the areas where Canada could support Jordan.

Qatar Chamber to promote investment in country during world cup

Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and...
  • Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.
  • Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.

World’s biggest chocolate plant restarts after scare

The plant, which supplies industry giants such as Hershey but not to consumers directly, was shut down after salmonella bacteria...
  • Zurich-based Barry Callebaut said it halted shipments and informed clients in time to prevent contaminated chocolate making its way to shops.
  • It identified lecithin, added to smooth food textures, as the source of the contamination, prompting weeks of extensive cleaning.

Campaign to attract Emiratis toward private sector launched by talent council

NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the...
  • The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
  • The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.

UAE foreign ministry, ECI sign MoU to promote trade, investment

The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company,...
  • MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
  • They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure

Tie-ups with UAE helps boost Indian farm exports by 31 percent

Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival...
  • Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
  • A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped

UAE issues new guidelines for real estate transactions

The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU),...
  • The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
  • The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE

Bank digitization: Customers, convenience & cost

Not all banks in the GCC are at the same stage of digital adoption. TRENDS reviews which ones are way...

UAE provides inflation allowance to 47,300 low-income families

The number of families that are provided inflation allowance under the UAE's Social Welfare Programme for low-income citizens, has reached...
  • The inflation allowance is provided for food, water and electricity and fuel.
  • Electricity and water subsidies will be paid to eligible categories for the inflation allowance in September.

Jordan to amend General Sales Tax Law to curb tax evasion

Senate Finance and Economic Committee has approved a slew of amendments to the Jordanian General Sales Tax Law 2021, referred...
  • According to Jamal Sarayrah, head of the committee, amendments seek to bring about adherence to tax payment and reduction in tax evasion
  • The committee will develop a set of recommendations on the the draft law, which would then be submitted to Senate's presidency for deliberation

Qatar real estate trading volume amounts to US$382m in February 2024

DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...

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Iran, Syria pledge to strengthen ties, develop economic relations

During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...

UAE, Switzerland discuss enhancing bilateral relations

BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common...

Sharjah okays Genetic Coding Program to classify emirate’s biodiversity

Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arabian Travel Market unveils Monday in Dubai

DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
  • The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
  • Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.

MoHAP inks deal with Coursera to upgrade skills of employees

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...
  • Under the agreement, MoHAP’s teams will gain the requisite skills to expedite innovation and digital transformation within the Ministry.
  • The agreement sets a training plan that prioritizes the development of employees' capabilities in leadership, technical and behavioral skills.

Flight carrying humanitarian aid from Red Cross lands in Sudan

KHARTOUM, SUDAN -  A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...
  • The shipment took off from the Jordanian capital Amman and arrived in the eastern city of Port Sudan.
  • Only 16 percent of hospitals are functioning in the capital Khartoum, according to the World Health Organization.