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

Qatar Central Bank issues treasury bills, sukuk worth US$686m

DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...

Economy

Hamad Al Marar is EDGE CEO

EDGE has a local and global orderbook of over $5billion.

Business
Economy

‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair

The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair
  • The Made in Saudi program's participation shows international trade fairs help companies reach global markets
  • The event is considered a platform to display goods and services and to discuss about strategic partnerships
Arts & Culture

Saudi youth excel in event management in Jeddah Season

Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
  • Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
  • Saudi youth demonstrate their ability and success to manage and organize events
Business

Dubai Chamber members’ exports up 28 percent in May, highest since 2018

The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
  • Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
  • GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy

Work in water reservoir project in Hatta ahead of schedule

The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
  • Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
  • The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Videos

High taxes on tobacco in MENA weans users off habit

The use of tobacco by people across the world has gone down, and the Middle East has been no exception,...
  • The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021
  • In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million
Economy

Address needs of women entrepreneurs: DG WTO at MC12

Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
  • Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
  • A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important, she added
Business

Ladun to list on Nomu

The Saudi firm's IPO was priced at $4.8 per share.
  • The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
  • The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital
Business

Jordanian army seizes big haul of drugs on border with Syria

Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills...
  • Jordanian army has ramped up operations against drug smuggling from Syria which, it said, has been increasing dramatically
  • Director of JAF Military Media Department Col. Mustafa Hiyari recently accused Iran and Syria of sponsoring drug dealers operating in Syria
Economy

US gasoline average price tops $5 per gallon in historic first

The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day...
  • The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 a day earlier
  • Adjusting for inflation, the US gasoline average is still approximately 8% below June 2008 highs around $5.41 a gallon, according to US Energy Department figures
Business

Qatari, Swiss firms discuss investment prospects in medical tourism

The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
  • Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
  • He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.

Qatar Central Bank issues treasury bills, sukuk worth US$686m

DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...
Economy

Company News

Latest News

Chinese flags flutter in Saudi capital as Xi visits kingdom for first time since 2016

Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is...
Geostrategy

AD Ports Group, Africa Finance Corporation sign collaboration agreement

Abu Dhabi, WAM---AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider...
Business

CBUAE imposes financial sanction on UAE exchange house

The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

S&P Global says Egypt non-oil businesses contract in November

Cairo, Egypt—Egypt’s non-oil businesses have shown a contraction in November, resulting in output falling at the sharpest rate since the...
  • Egypt’s Purchasing Managers’ Index fell from 47.7 in October to 45.4 in November — the second lowest since June 2020.
  • According to S&P Global, Egypt’s purchase price inflation hit a 52-month high, leading 42 percent of surveyed firms to report a rise in total input costs over the month
Economy

Jordan’s ‘New City’ project to create 90,000 jobs: Govt

The project is part of the state's economic vision and aims to accommodate the population increases in Amman and Zarqa.
  • The project is part of the state's economic vision and aims to accommodate the population increases in Amman and Zarqa
  • The goverment hopes to start implementing the project in 2025, ending the first phase in 2033
Economy

Dubai ruler evinces support for global economic growth

Reiterating Dubai's resolve to work in collaboration with its global partners, Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum...
  • He spoke while touring the 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa and South Asia, at the Dubai World Trade Centre
  • More than 2,000 participants from 60 countries are participating in the event, which includes 20 national pavilions