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

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

Business

Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems

RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...

Geostrategy
Business

EGA to produce silicon metal

Silicon metal is added to aluminum to create high-strength alloys.
  • Roughly a quarter of EGA’s production is foundry alloys, which are used to make vehicle parts.
  • The UAE currently has no domestic silicon metal manufacturing capacity, and EGA is by far the largest importer of this material.
Economy

UNCTAD ranks UAE first regionally, 19th globally in attracting FDI inflows

The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19% growth...
  • The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19% growth compared to the year 2020
  • The report, which compares FDI performance of countries in 2021 with that of 2020, noted that in 2021, the UAE attracted $20.7 billion worth of FDI
Economy

UAE gets 41% of all FDI projects to Arab countries in 2 decades

The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and...
  • The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and 2021
  • As per the Arab Investment Export Credit Guarantee Corporation Arab countries received a total capex of US$1.3trn over the last 19 years
Business

EIG, Q Properties sign gas deal

EIG will supply gas to Q Properties' Reem Hills project.
  • EIG will provide the Q Properties with services like feasibility, commercial, technical, conceptual designs and engineering.
  • EIG will also support the project during engineering phases for gas-related work on the Reem Hills luxury development.
Economy

UAE keen to create sustainable food systems in GCC: Minister

Mariam bint Mohammed Almheiri, UAE’s Minister of Climate Change and the Environment, has said UAE is keen to enhance efforts...
  • Mariam bint Mohammed Almheiri was speaking at the 32nd Meeting of the GCC Agricultural Cooperation Committee.
  • Participants at the meeting also discussed nontariff barriers and the GCC’s cooperation with Jordan and Morocco.
Economy

Saudi Arabia’s merchandise exports up 98 percent in April: GASTAT

Saudi Arabia’s overall merchandise exports increased by 98 percent in April 2022 compared to April 2021, according to General Authority...
  • The value of exports amounted to SAR137.1 billion ($36.53 billion) in April 2022, up from SAR69.3 billion in April 2021.
  • This increase was attributed mainly to oil exports, which rose by SAR60.5 billion or 123 percent in the same period.
Economy

‘Renewable energy is 20 percent of Jordan’s power output’

Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable...
  • Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission
  • The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology
Economy

Energy security vital for economic growth, says Saudi minister

Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and...
  • Saudi Arabia's finance minister says energy security is important for the economic growth and prosperity of the world
  • The finance minister says energy supplies, economic development and climate change vital aspects of the world
Business

UAE to issue dual-tranche dollar benchmark size bonds

The UAE government has announced it will issue a dual-tranche US dollar benchmark size bonds with a 10-year tranche and...
  • The bonds are a 10-year tranche and a 30-year Formosa tranche.
  • The 10-year tranche will be listed on London Stock Exchange and Nasdaq Dubai, and the 30-year tranche will be listed on LSE, Taipei Exchange and Nasdaq Dubai.
Business

UAE listed firms to pay $9.36 bn cash dividend for 2021

Listed public joint stock companies have approved AED 34.4 billion ($9.36 billion) cash dividends for 2021, according to the Securities...
  • While AED34 billion earnings were distributed in cash, AED396 million were in form of stock dividends.
  • Banks are the largest distributors of profits, AED15.79 billion, followed by the telecommunications (AED11.7 billion) and the realty sectors (AED1.85 billion).

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.
Business

Company News

Latest News

UAE, Turkmenistan review enhancing bilateral relations

ASHGABAT, TURKMENISTAN - Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber has left the UAE on...
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...
Geostrategy

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.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

US climate envoy commends decision to hold COP28 in UAE

Washington, US— The US has commended the decision to hold next year’s 28th UN climate change conference in the UAE....
  • John Kerry said that fossil fuel economies should be encouraged to lead the transition to clean energy
  • The climate envoy said that this year’s COP27 conference nudged the world closer to the goal of the 2015 Paris Agreement to limit the rise in global temperatures
Economy

Jordan minister opens Grotto of the Nativity in Dead Sea

The Grotto of the Nativity, the largest in Jordan, is a model that represents the birth of Jesus Christ, the...
  • The Grotto of the Nativity, the largest in Jordan, is a model that represents the birth of Jesus Christ, the son of Mary
  • Setting up the Grotto of the Nativity as Christmas is approaching is to create religious tourism diversity in the Dead Sea area, Al-Fayez said
Economy

SASO, Chinese SAC renew technical cooperation program

The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety...
  • The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety of goods
  • It also aims to establish frameworks for joint cooperation in several areas, most notably the exchange of information and research studies