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

Potential investors value Telegram at $30bn, says co-founder Pavel Durov

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...

Business

Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn

AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...

Business

Industries Qatar H1 profit up 57%

The company’s year-on-year net profit jumped to $1.5 billion.
  • The company’s year-on-year net profit jumped to $1.5 billion
  • Earnings per share amounted to $0.24 in the first half of the year
Business

ADNOC Distribution H1 profit is $0.27 bn

The company recorded an EBITDA of US$0.54 billion.
  • The company witnessed year-on-year growth in total fuel volumes, up 9 percent in H1 2022 compared to H1 2021
  • Its corporate fuel volumes recorded sustained growth with a 27 percent year-on-year increase, underpinned by the UAE's economic growth
Business

Jordan real estate trade grows by 20% to $4.41 billion

Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of...
  • Jordan's revenue from the real estate market stood at $200 million in the January-July period of 2022, a 33-percent increase from the figure reported in 2021
  • In July alone the trade volume went up by 40 percent, touching $695 million

Jordan puts up draft national AI strategy for public debate

The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission...
  • The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission for Western Asia, and the UNIDO
  • The strategy aims to create a regulatory environment that encourages the responsible use of AI and its applications to improve the efficiency of the public sector
Business

Jordan cabinet meeting debates implementation of reform plan

A cabinet meeting in Jordan discussed ways of implementing the "roadmap" in accordance with the time frame set by the...
  • Nasser Shraideh, the Minister of Planning and International Cooperation, briefed the Cabinet on the proposed work methods and mechanisms for implementing the roadmap
  • The Cabinet endorsed the Industry Support and Development Fund Regulations for 2022 that would establish the Support and Development of Industry
Economy

Oil prices down by 10% as US stockpiles increase

A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.
  • A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week
  • Oil prices got support after OPEC+ decision of increase in production starting next September, by 100,000 barrel per day
Business

QAMCO profit rises by 112%

The company's net profit rose to $164 million in H1 of 2022.
  • The company's earnings per share (EPS) amounted to QR 0.110 as of June 30 this year as against QR 0.052 for the same period in 2021
  • QAMCO, a Qatari Public Shareholding Company, capital amounts to $1.60 billion
Business

QIG’s H1 profit surges 71.5%

The group announced earnings per share of 0.10 riyal.
  • The group said that earnings per share amounted to 0.10 riyal in H1 2022, compared to 0.05 riyal last year
  • The Qatari Investors Group was established in 2006, and its capital is about 1.243 billion riyals
Business

Dubai to be pitched as global hub for creative economy

The agreement between the two will see them both offering services to help set up new businesses in creative economy...
  • The partnership will aim to double the creative industries’ contribution to Dubai’s GDP to five percent
  • It will provide creative businesses with special incentives, such as creative activities, logistics, consultation, banking solutions and services
Business

Dubai Digital Assets Business Group formed to promote digital assets growth

Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation...
  • The key objectives of the new business group include promoting the digital asset industry in Dubai, boost transparency through market intelligence and data.
  • The group provides an ideal platform for companies operating in the digital asset sphere to unify their voices, said Omar bin Sultan Al Olama.

Potential investors value Telegram at $30bn, says co-founder Pavel Durov

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...
Business

Company News

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UAE, Morocco discuss ways to strengthen trade relations

Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances...
Business

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),...
Business

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...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

AI key to global opportunities, practical solutions

"Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing...
  • Key research projects at MBZUAI focus on sustainable environment, infrastructure, healthcare, education, and large language models, says an official
  • AI has the potential to contribute to the UAE's net-zero strategic initiative by reducing greenhouse gas emissions and advancing climate progress
Business

DET to highlight Dubai’s tourism in Arabian Travel Market

DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...
  • DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
  • DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.
Business

Ajman real estate transactions reach $930 million in first quarter

Ajman, UAE - Total real estate transactions in Ajman in the first quarter (Q1) of 2023 totaled AED3.4 billion ($930...
  • The quarterly report on real estate transactions in the emirate registered 555 mortgage applications worth $207.23 million.
  • Meanwhile, Local real estate transactions totaled AED1.4 billion ($380m), a rise of 34 percent compared to January.