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

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...

Business

SIB, Noqodi sign agreement

The Noqodi platform will enable digital payments.

Business
Economy

2021 State of Country Report proposes fighting extremism, drug menace

The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth.
  • The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth
  • As for the tourism sector, the report stressed the need to launch a tourism-related trails program in Ajloun, Irbid, Madaba, Karak, Ma’an and Tafila
Business

Saudi Arabia seizes 302,255 Captagon pills at Al-Haditha port

Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.
  • The Zakat, Tax and Customs Authority seized 302,255 Captagon pills from the fuel tank of a truck and medical braces worn by a smuggler
  • The operations were carried out in coordination with the General Directorate of Narcotics Control and three people have been arrested
Business

EWEC to conduct 4th Clean Energy Certificates Auction

The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...
  • The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
  • Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Business

Soqoor program: DEWA approves 50,567 NOCs

It is the first government program of its kind to evaluate consultants and contractors in Dubai.
  • It is the first government program of its kind to evaluate consultants and contractors in Dubai
  • The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality
Opinion

Shared values take UAE-Germany ties to a new level

"We are forging the links that will strengthen our shared interests and values to confront the challenges head-on. As Germany...
  • The UAE and Germany are clear-eyed about the challenges they will face in the next 50, says UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
  • As Germany pursues its policy of 'Zeitenwende' that will usher in a new era of foreign policy, finance, and energy, it will find in the UAE a true and reliable partner, he adds.
Business

Abu Dhabi bourse records highest trading value in Arab markets: AMF

Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at...
  • IPOs have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.
  • The Beirut Stock Exchange topped Arab exchanges in terms of market capitalization gains with an increase of 39.50 percent.
Economy

FAO predicts increase in global food bill in 2022

FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...
  • FAO says global food import bill may reach a new record of $1.8 trillion in 2022
  • It says global production of main cereals would decline in 2022 for the first time in four years
Economy

Abu Dhabi, China’s Shandong to enhance cooperation

Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities
  • The MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings
  • It seeks to organize entrepreneurship, management consultancy training programs between companies
Business

Chinese firm bags $974m Madinah tunnel project

Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm,...
  • Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client
  • Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes
Business

DMCC and Brooklyn Chamber of Commerce sign pact to promote trade

Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and...
  • DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai.
  • Similarly, the partnership will look to facilitate the expansion of DMCC's member companies into the US market.

Spain urges WTO meet in UAE to address de-globalization

ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...
Business

Company News

Latest News

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...
Economy

African Development Fund mobilises $8.9bn for Africa’s low-income countries

ADF is the concessional window of the African Development Bank Group, providing grants and soft loans to the continent’s low-income...
Economy

Workers’ welfare key focus as GCC states strengthen, expand social protection systems, says Saudi minister

The participating Gulf countries highlight labor reforms to ensure protection of workers at the 17th Asia and the Pacific Regional...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Arts & Culture

650 artists from 62 nations seek to attend Tuwaiq Sculpture 2030 in Riyadh

Riyadh, Saudi Arabia--- Riyadh Art project will organize "Tuwaiq Sculpture 2030" from Jan 8 to Feb 10, 2023 under the theme...
  • Riyadh Art, the organizer, is one of Riyadh's mega projects launched by the Saudi government in 2019 under the leadership of the Crown Prince Mohammad bin Salman.
  • During the previous editions, more than 60 local and international sculptors participated in the event, which transforms the capital into an open art gallery.
Business

Abu Dhabi Airports, Bombardier to create aircraft hub in UAE

This represents Bombardier’s first full-service facility in UAE.
  • The development of the new Bombardier MRO at Abu Dhabi International Airport is one of several key investments Abu Dhabi Airports is supporting.
  • This represents Bombardier’s first full-service facility in the UAE and builds on its long-term commitment to their customers in this critical market.
Business

Vietnamese firms look to benefit from Saudi Vision 2030 opportunities

Riyadh, Saudi Arabia---  As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum on Tuesday evinced interest...
  • As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum.
  • The trade between the two countries amounted to about SR8.2 billion in 2021.