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 real estate trading volume reaches US$91m between January 7-11

DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...

Business

PureHealth buys Circle Health

The deal signifies PureHealth’s operational capabilities.

Business
Analysis

World economies witness new stagflationary shocks

Since the outbreak of the pandemic, the Southeast Asian countries have lagged the performance of advanced economies due to initially...
  • The war in Ukraine and the interaction of the highly contagious Omicron variant with China's 'zero-Covid' policy are pushing up global inflation
  • Southeast Asia has lagged performance of advanced economies due to initial low vaccination rates, supply chain constraints and less accommodative fiscal policies
Economy

Saudi Arabia, UPLink in deal to counter sustainable development issues

This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
  • The Saudi ministry seeks to explore the joint issues in the field of food security, food waste recycling.
  • The move is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
Business

Iraq allocates $2bn for Baghdad Metro project

Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...
  • Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
  • Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Arts & Culture

Top official of Frankfurt Book Fair praises UAE women empowerment

The UAE’s women empowerment progress reflects in the Emirates’ publishing industry as well, according to a top executive of Frankfurt...
  • Women leaders can make a difference in the industry, she said
  • She said women CEO's bring fresh ideas and management for the company
Business

ADX, AMAF introduce share donation facility to fund charitable causes

Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...
  • Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange
  • Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes
Business

Aramex gets regulatory approvals to increase foreign ownership limit to 100%

The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...
  • The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL
  • The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors
Business

Deals worth $6.8m signed in Gulf Print and Pack 2022

Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at...
  • Sales of machinery and equipment were the biggest contributors to the total
  • Vinsak and Heidelberg were the other exhibitors that confirmed making substantial sales
Business

Menarini opens office in Dubai

The Italian pharma giant is looking at expansion in MENA.
  • Specializing in pharma research and production, consumer healthcare, oncology and diagnostics, the move is part of the group’s planned expansion into the Middle East and Africa
  • The CEO of Menarini said the company could contribute to the country's 'visionary strategy'
Interview

With $22bn in bilateral trade, UAE-US economic ties set to grow

The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the...
  • The US exports to the UAE touched $16.7 billion last year
  • Sebright said that the Business Council has been promoting the partnerships between the US and the UAE in space since day one of the UAE’s nascent space exploration program
Economy

Abu Dhabi tops list of capitals with least traffic congestion for 2021

The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion...
  • The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day
  • Abu Dhabi recorded 11 percent congestion level, reflecting the impact of the integrated traffic management plan implemented by the Department of Municipalities and Transport

Qatar real estate trading volume reaches US$91m between January 7-11

DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business

Company News

Latest News

Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026

Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...
Economy

G7, EU agree oil price cap to reduce Russia war funding

The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...
Geostrategy

SABIC signs pact with Aramco, PKN ORLEN

They will study feasibility of Polish petrochemical sector investment.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Supporting India’s G20 presidency is a priority for UAE, says Minister

The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...
  • The UAE will work towards a world where human progress is an inalienable right for all.
  • The UAE views the G20 as a forum that plays a critical role in multilateral efforts.
Economy

UAE 51st National Day: Central Bank launches new 1000 dirham note

Abu Dhabi, UAE---The Central Bank of the UAE launched an AED-1000 denomination note as part of the country's 51st anniversary...
  • Made of polymer and using innovative designs and advanced security features, the note is the fourth in the Third Issuance of the National Currency Project.
  • The new banknote will be available in Central Bank branches and ATMs in the first half of 2023.
Business

Jazeera Airways expands to Tajikistan

A direct flight from Kuwait to Dushanbe will be operated.
  • The route launches on December 29 and will be operated on Thursdays and Saturdays. Flights land at the Dushanbe International Airport.
  • The new route that connects pilgrims to Saudi Arabia besides offering a new travel destination for nature and adventurous culture seekers.