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

ADQ, ADNEC Group sign agreements

They will buy 40.5% stake in TMG Holding’s hospitality business.

Business

UAE economy likely to grow by 3.8 percent in 2025, says World Bank

WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...

Economy
Arts & Culture

Solar ACs to help FIFA players, fans chill in Qatar

The state-of-the-art air conditioning will become the norm for mega sports events, says Saud Abdulaziz Abdul Ghani who worked for...
  • The cooling system, being used in the Qatar's World Cup stadiums, is 40 percent more "sustainable" than existing techniques, say World Cup organizers
  • The solar-powered cooling system will keep the players and turf healthy and even eliminate body odour in a packed stadium, says 'Dr Cool'

UAE tourism sector set new record in Q1 2022 : Tourism Minister

Tourism is deemed one of the future sectors and a key focus area in the UAE’s development vision for the...
  • According to tourism figures for Q1 2022, the country's hotel establishments attracted nearly 6 million visitors
  • The average duration of hotel guest stays reached 25 percent during the same period, up from 3 nights to 4 nights
Business

UAE and Turkey export credit agencies to enhance trade ties

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Turkey’s export...
  • The two export credit agencies will work together to facilitate trade and export and ease access to credit insurance and project financing, ECI said in a statement.
  • Turkey is the UAE’s seventh-largest trading partner, with the non-oil trade between the two reaching AED 49.4 billion.
Economy

All work-related leaves in UAE fall under contribution period: GPSSA

Government sector employers are mandated to bear full contributions due from the insured in cases where he/she is accompanying a...
  • The responsibility to pay contributions due by insured individuals varies depending on the reason for the leave granted by their employers.
  • Both the insured and the employer bear their share of contributions according to what the law has determined in the case of a paid leave.
Business

Alpha Dhabi to invest $2.5 bn in Chimera

The fund will target investments in tech-enabled businesses.
  • The investment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion.
  • The fund's investment emphasis aligns with Alpha Dhabi's growth strategy, which focuses on investment in disruptive technologies.
Business

Etihad Rail signs expertise-exchange MoUs with Spanish, UK firms

Etihad Rail has signed three Memoranda of Understanding (MoUs) with Renfe, Spain’s national railway operator; High Speed 1, the first...
  • The MoUs were signed during the second day of Middle East Rail 2022, which is hosted by Etihad Rail in partnership with the Ministry of Energy and Infrastructure.
  • Middle East Rail is the largest transport event in the Middle East, North Africa and South Asia, will bring together leaders of the entire transportation community.
Business

UAE-Germany non-oil trade 10.5 percent to $9.5 billion in 2021

The non-oil trade between Germany and the UAE amounted to $9.5 billion during 2021, a 10.5 percent increase compared to...
  • "Our economies are both very much geared for the possibilities of the future," Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade
  • Al Zeyoudi said that Germany has become UAE's most important trading partner in the Middle East.
Economy

‘Lifeline’ of renewable energy can steer world out of climate crisis: UN chief

"We must end fossil fuel pollution and accelerate the renewable energy transition before we incinerate our only home," Secretary-General António...
  • "We must end fossil fuel pollution and accelerate the renewable energy transition before we incinerate our only home," Secretary-General António Guterres said
  • Guterres called for a new global coalition led by governments and bringing together tech companies, manufacturers and financiers to fast-track innovation and deployment
Business

Experts at GALF call for consolidating data to formulate policies

A panel deliberated on the advances in integrated, automated, electric mobility in the airport environment.
  • A panel deliberated on the advances in integrated, automated, electric mobility in the airport environment
  • The world’s largest airport industry B2B platform has a sharp focus on sustainability to help the aviation industry reduce carbon footprint year on year
Geostrategy

Saudi Foreign Minister meets Algerian counterpart

Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening.
  • Prince Faisal bin Farhan bin Abdullah, the Saudi Foreign Minister had arrived in the Algerian capital earlier on Wednesday evening
  • The two sides also discussed views on enhancing joint cooperation in many aspects, in addition to exchanging views on the latest regional and international events

ADQ, ADNEC Group sign agreements

They will buy 40.5% stake in TMG Holding’s hospitality business.
Business

Company News

Latest News

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...
Business

Turkey’s economy to grow 5 percent in 2022: Poll

In 2021, Turkey's economy rebounded from the COVID-19 pandemic to grow 11.4 percent.
Economy

UAE, Cameroon non-oil trade exchange grows by 33.5% in last 10 years

Non-oil trade exchange between the UAE and Cameroon grew by 33.5 percent between 2012 and 2021, reaching $522 million by...
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Science

UAE moon rover launch put off, to run more ‘pre-flight checks’

Dubai, UAE— The UAE’s moon rover launch has been delayed by one day in order to run more pre-flight checks,...
  • Rashid Rover, the Arab world’s first lunar mission, is now scheduled to launch at 8:37 a.m. (GMT) on Thursday, Dec.1, from Cape Canaveral in Florida, US
  • The integrated spacecraft once launched will take a low-energy route to the moon rather than a direct approach
Economy

Saudi Arabia extends term of $5 billion deposit for Central Bank of Egypt

The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine.
  • The Egyptian economy has been hard-hit by the coronavirus pandemic and the war in Ukraine
  • The package would allow Egypt to open '‘new financing channels with regional and international organizations''
Business

Etihad Rail and Borouge enter into strategic partnership

Abu Dhabi, UAE— Etihad Rail and Borouge have entered into a strategic partnership for sustainable transportation to carry 1.3 million...
  • Under the terms of this partnership, Borouge becomes one of Etihad Rail’s main customers
  • Etihad Rail has successfully reserved 60 percent of the network’s annual transport capacity