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

Social media sites choke Palestinian narrative: Monitoring group

Sada Social Center, a Ramallah-based social media monitoring group, said Facebook ranks first in suppressing Palestinian content, as 273 violations...
  • For the first time, Clubhouse entered the war against Palestinian digital content, with at least 10 complaints.
  • Violations ranged between removal of accounts and imposing restrictions on posting, especially when using terms such as occupation.

UAE approves 22 policies to speed up circular economy model

The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in...
  • These policies will focus on accelerating the implementation of circular economy model in he UAE in manufacturing, food, infrastructure, and transport.
  • A meeting of the Circular Economy Council also identified at least 16 circular economy activities that can create opportunities for businesses.

Jordan’s exports to Canada went up by 22 percent since 1997

During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000...
  • During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent
  • Jordan and Canada have signed free trade, labor, double taxation, environment and investment agreements

Tesla Model 3 joins Dubai corporation’s taxi fleet on trial basis

Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles...
  • This follows the success of operating operating 172 Tesla vehicles in the limousine service since 2017.
  • The trial operation aims to verify the efficiency of the vehicle when deployed in the taxi fleet in the emirate, Dubai’s Roads and Transport Authority (RTA) said.

France looks to invest in Saudi energy, technology sectors

France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French...
  • The French government and the private sector are working to expand the number of companies operating in the Kingdom, which currently stands at about 135
  • The kingdom, according to the diplomat, is an attractive region with a suitable environment for investments in all its vital sectors.

Qatar First Bank buys Gateway Plaza

The move aims to deepen Doha-based bank's presence in US real estate market.
  • The purchase is the bank's fourteenth investment under its new Shari'a compliant real estate investment strategy
  • The property houses the headquarters of prominent firms, with long lease terms and rental escalations

Apex banks must act as severe stagflation hits markets

Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of...
  • Surging food prices are a significant contributor to high headline inflation in many countries, including most major advanced economies
  • Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and hurt global GDP

Jeddah Season 2022 concludes, 6m visitors attend events

Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...
  • Jeddah Season this year lasted for 60 days and it was full of exciting shows
  • The shows, programs and activities took place across 13 locations in Jeddah

UAE sends three planes for relief of quake victims in Afghanistan

The UAE has sent three planes carrying a 1,000 sqm field hospital, which includes 75 beds and two operating rooms...
  • The UAE has sent three planes carrying a 1,000 sqm field hospital for the quake victims in Afghanistan
  • The relief package include 75 beds and two operating rooms equipped with the latest medical supplies and devices

‘Technology has to fix fake news problem’

Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...
  • He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe
  • He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too

Emirates Flight acquires Bustanica

Bustanica is the world's largest indoor vertical farm.

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TotalEnergies to start drilling in offshore Lebanese gas project in 2023

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration...

Participation rises in Sharjah Sustainability Award

SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th...

Dubai Multi Commodities Centre launches DMCC Gaming Centre

Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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HUB71 startup community raises $1bn in venture capital

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.
  • The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies
  • Hub71 has built a diverse capital ecosystem of active investment partners ranging from Mubadala Investment Company to over 30 VC firms to family offices

Masar signs $1.86 bn pact for construction of seven hotels in Makkah

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in...
  • Baytur Construction Company appointed main contractor and Al Dar to supervise the implementation.
  • The agreement boasts the famous hospitality brand Kempinski and the international Taj chain for the first time in Makkah.

UAE asks govt entities to buy locally produced food

The decision has been taken to support local production while the government continues to embrace open trade policy.
  • The decision has been taken to support local production while the government continues to embrace open trade policy
  • The desert country is working on vertical farming under a joint venture between Emirates Flight Catering and US-based Crop One