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

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...

EU looks to build a strategic partnership with GCC

GCC Secretary-General, Dr. Nayef Falah Mubarak Al-Hajraf, had welcomed the European High Representative for Foreign Affairs and Security Josep Borrell’s...
  • European External Action Service Spokesman Peter Stano said the cooperation is a must due to the current geopolitical developments
  • He added, “Together with our partners, we represent 20% of the global economy, and half of the foreign direct investments"

Qatar looks to upgrade ties with British Rail, discusses collaboration opportunities

Qatar Railways Company discussed collaboration opportunities with the United Kingdom’s trade delegation of railway experts and companies. The discussions involved...
  • The discussions involved collaboration across the full spectrum of customer experience, maintenance and operations
  • The delegation received a briefing on Qatar Rail projects and shared information with Qatar Rail about its capabilities

Working with partners to understand cause of monkeypox: WHO

World Health Organization (WHO) has said that it is working closely with 'partners' to  better understand the extent and cause...
  • According to a WHO statement the virus is endemic in some animal populations in a number of countries
  • There are about 80 confirmed cases so far, and 50 pending investigations

Qatar Amir confirms deal on gas supply to Germany

Qatar, Amir said, plans to supply liquefied natural gas (LNG) to Germany by 2024.
  • Qatar, Amir said, plans to supply liquefied natural gas (LNG) to Germany by 2024.
  • He expressed hope there will be a nuclear agreement with Iran, and Qatar was ready to help

MBRSC and EGA look to collaborate in field of research

Mohammed bin Rashid Space Centre and Emirates Global Aluminum (EGA) are looking to collaborate in research and the use of...
  • Al Marri was received at EGA's Jebel Ali site in Dubai by Chief Executive Officer Abdulnasser bin Kalban, and the company's leading technologists
  • The two parties discussed potential future synergies, including the use of EGA metal by the Mohammed bin Rashid Space Centre in constructing its next spacecraft

Qatar and Germany to boost cooperation in energy sector

Qatar and Germany have agreed to boost cooperation in the energy sector, and in this regard the two countries signed...
  • Qatar's Minister of State for Energy Affairs Eng. Saad bin Sherida Al Kaabi and German Minister for Economic Affairs and Climate Action, Dr. Robert Habeck signed the agreement
  • Germany aims to diversify its gas supply with the help of liquefied natural gas (LNG) in order to foster energy security during the transition period towards carbon neutrality

DP World exhibits petrochemical hub at Supply Chain Conference

Valued at AED21.4 billion, DP World UAE’s petrochemical hub accounts for 60 percent of Dubai’s total trade value in the...
  • Valued at AED21.4 billion, DP World UAE’s petrochemical hub accounts for 60 percent of Dubai’s total trade value in the sector
  • Jebel Ali Free Zone (Jafza) alone supports 4,100 port customers and is home to 565 companies from the petrochemicals sector

Al-Daghmi: Jordan is strong under its ‘wise Hashemite leadership’

Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab...
  • Al-Daghmi said Hashemite leadership had built Jordan hand in hand with his sons to be a model in the Arab region
  • Representative Obeid Yassin said that the Hashemite leadership was and still is the safety valve in the homeland

Emirates NBD, RSA sign agreement

The bank will distribute RSA Middle East's insurance products.
  • The partnership will help increase insurance penetration in the region by providing customers with accessible general insurance solutions, the two firms said in a statement.
  • The partnership will also focus on customer education and building awareness on the importance of insurance and its living benefits in everyday life, the statement added.

Top film bodies part of Saudi contingent at Cannes Festival

Saudi Arabia will participate in the 75th Cannes International Film Festival, which will be held during the period from 17...
  • A national pavilion supervised by the Film Commission will be part of the Saudi delegation.
  • The Saudi pavilion will host a session “The Reality of Arab Cinema” in the “Souk Cannes” region, organized by the Film Authority.

Israelis raid Al-Aqsa, homes of Palestinians in Ramallah

RAMALLAH, PALESTINIAN TERRITORIES / JERUSALEM – Israeli forces carried out Sunday a series of raids in several towns in the...

Company News

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Strata announces new collaboration with Pilatus

The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...

Cameroon has great potential for investment in prospective sectors, says UAE minister Al Zeyoudi

Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon...

US economy rose 2.9% in Q3, more than early report

The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Two new unconventional nonconventional gas fields discovered in Saudi Arabia

Awtad unconventional nonconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf, says Saudi minister
  • The Awtad unconventional nonconventional gas field has been discovered southwest of Ghawar field, 142 km southwest of Al-Hofuf, says Saudi minister
  • Prince Abdulaziz bin Salman adds that the importance of these discoveries lies in increasing the Kingdom’s natural gas reserves

Aramco completes three transactions with Polish refiner and fuel retailer

As part of the transaction, first announced in January 2022, the company acquired equity stakes of 30% in a 210,000...
  • As part of the transaction, first announced in January 2022, the Saudi firm has acquired equity stakes of 30% in a 210,000 barrels-per-day refinery in Gdansk
  • The Saudi oil company has also bought 100% stake in an associated wholesale business; and 50% in a plane fuel marketing joint venture with BP Europa SE

AMEA Power completes $1.1bn deal to deploy 1GW of energy projects in Egypt

The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the...
  • The landmark 500 MW wind and 500MW solar projects, represent US$1.1bn of investment into the Egyptian economy and takes the company’s clean energy portfolio to 2GW in the country
  • AMEA Power will build, own and operate the 500MW solar PV plant, which will be located in the Aswan governorate of Egypt. The Project is financed by International Finance Corp