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

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.

Business

Iran agricultural, food exports hit US$4.8bn in 10 months

TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...

Business
Geostrategy

Iraqi PM meets Saudi Crown Prince, traveling to Iran later

Al-Kadhimi’s visit, reports said, is aimed at reactivating Baghdad-mediated talks between the kingdom and Iran.
  • Al-Kadhimi’s visit, reports said, is aimed at reactivating Baghdad-mediated talks between the kingdom and Iran
  • The Saudi-Iran talks began in Baghdad in 2021 are geared to defuse longstanding tensions between the regional rivals
Geostrategy

Crown Prince of Saudi Arabia meets with Pakistan army chief

Saudi Arabia and Pakistan reviewed bilateral relations in a meeting between Crown Prince Mohammed bin Salman and Pakistan army chief...
  • The meeting reviewed bilateral relations, especially in the military fields, and opportunities for developing them, in addition to a number of issues of common interest
  • King Salman bin Abdulaziz Al Saud and the Crown Prince decorated the Commander of the Pakistani Army with King Abdulaziz Medal of Excellent Class
Geostrategy

DEWA, Azerbaijan discuss bilateral ties, energy, business prospects

DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest...
  • DEWA , Azerbaijan discussed investment in oil exploration and production projects, crude oil trading
  • The two sides reviewed issues of mutual interest in the energy sector and long-term investment opportunities
Economy

Skilled worker shortage hits Qatar, Kuwait: Report

75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with...
  • 75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills
  • In Saudi Arabia and the UAE, 58 percen and 46 percentt of respondents respectively said that there is a skilled labour shortage
Economy

With $833bn in output, Saudi continues to be largest Arab economy

Saudi Arabia has consolidated its position in the Arab world as the largest economy, posting a domestic output of $833.5...
  • The UAE was the second largest Arab economy, with $410 billion — 14.6 percent of the total
  • Egypt ranked third, with a production of $402.8 billion
Business

Saudi Arabia to invest $3bn in vaccines, vital medicines industry

Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented...
  • Saudi Minister Bandar bin Ibrahim Alkhorayef said that the targeted pharmaceutical sectors whose value exceeds US$5 billion will be implemented in several stages
  • The second phase, the minster said, will focus on localising immunological and cancer treatments technologies
Geostrategy

Abu Dhabi officials in Canada to discuss clean energy solutions

A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders...
  • Department of Energy officials in Canada showcase Abu Dhabi’s experience in promoting energy efficiency and sustainability
  • The officials discuss opportunities for collaboration in energy efficiency and advanced clean energy solutions
Geostrategy

Saudi Arabia, Djibouti sign agreement on maritime transport

The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which...
  • The maritime transport pact between Saudi Arabia and Djibouti aim to strengthen relations at the strategic level
  • The agreement aims to open new horizons for cooperation in various fields between the two countries
Business

Careem acquires MUNCH: ON

MUNCH: ON offering will be rebuilt on the Careem app.
  • MUNCH: ON, a subscription-based food delivery platform which connects customers to meals at a discount by tapping into underutilized kitchen capacity.
  • Careem said the two firms will work together to deliver even greater value by introducing low-cost meal segments.
Economy

‘Make it in the Emirates’ helps in growth of industries

The two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth...
  • The two-day ‘Make it in the Emirates' event highlight the UAE's capacity to ensure the growth of national industry
  • The event helps in identifying a number of products the country will depend on in the coming years

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.
Business

Company News

Latest News

Continuous efforts to enhance UAE’s endeavor to confront money laundering crimes: CBUAE Governor

The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system...
Business

Riyadh summits bring in fresh hopes, opportunities as region sees China as ‘growth engine of global economy’

While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the...
Business

DEWA receives 29 EOIs for first phase of desalination project at Hassyan

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

G20 Interfaith Forum to convene in Abu Dhabi

Abu Dhabi, UAE— The G20 Interfaith Forum (IF20), the world’s leading organisation focused on the intersection of faith and policy...
  • The UAE is hosting the event as part of its ongoing initiatives to promote cultural interaction and global convergence
  • The 2022 Forum in Abu Dhabi will serve as a bridge between the November G20 Summit in Indonesia and the launch of the 2023 G20 agenda, with India as 2023 host
Business

DEWA receives 29 EOIs to set up desalination project at Hassyan complex

The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant.
  • The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant
  • It has appointed a consortium of companies, including Deloitte, WSP and Addleshaw Goddard, to provide consultancy services for the project
Economy

Global government spending on clean energy transitions rises to $1.2 trillion

The increase brings total amount of investment support that governments have allocated to clean energy to $1. 215 billion.
  • The increase brings total amount of investment support that governments have allocated to clean energy to $1. 215 billion
  • Advanced economies account for nearly 95 percent of the clean energy investment support that has been allocated worldwide