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

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...

Business

Israel is starving Gaza residents, says NGO

RAMALLAH, PALESTINIAN TERRITORIES - Everyone in Gaza is going hungry and about 2.2 million people are surviving day by day...

Geostrategy
Economy

Quality education could add $2.54 trillion to global economy

A worldwide improvement in students’ capacity for problem-solving to the average level of today’s top 10 scoring countries could add...
  • Children today need to find their way in an increasingly uncertain world – a post-pandemic world of climate change, automation and rapid digitisation, a WEF report said.
  • The report suggested that investing in the workforce and supporting teachers to teach in new ways, using innovative teaching methods, is critical to unlock these skills.
Business

IHC completes $2bn Adani deal

IHC to provide capital to Adani firms for green energy projects.
  • The deal represents 4.87 percent of the total trade between the UAE and India, which has reached $41 billion between 2020 and 2021.
  • India's total electricity generating capacity is more than 390GW, and renewables exceed 100 GW.
Business

Women empowerment key focus as region eyes growth

Top executives, officials and experts explore ways to strengthen the role of women in regional business dynamics during the TOP...
  • The first day of the conference is dedicated to women under the "Arab Women Forum," where conversations will be hosted to explore regional and global business dynamics
  • The Top CEO Conference is an open discussion among thought leaders, executives, and senior government officials and its purpose is to bring global issues into a regional context
Business

‘We ensure aging CEOs stay at top of their game’

Mike Frayne, the CEO of Aviv Clinics Dubai, tells TRENDS that their medical program helps aging C-suite executives to get...
  • 'Aviv’s unique medical program can reverse this decline. For a CEO or C-suite executive, this means that they can be at the top of their game for longer. '
  • With growing investments in the healthy aging sector, we now can take control over the aging process and reverse some of the physical and cognitive declines '
Business

Emaar Properties Q1 profits up 241%

The firm's revenues stand at AED 6.63 billion in the first quarter of 2022.
  • The firm sees robust property sales and significant improvement in the performance of recurring revenue businesses
  • The property sales backlog amounted to AED 45.24 billion by the end of the first quarter this year.
Economy

Oil demand exceeded 2019 levels in March, production lags

New data from the Joint Organisations Data Initiative (JODI), a Riyadh-based international collaboration to improve the availability and reliability of...
  • Oil demand in March was at 101 percent of 2019 levels, while crude production was only at 97 percent. Demand exceeded 2019 levels despite sharp declines in China
  • Demand for gasoline, diesel, and LPG exceeded pre-COVID levels in March, but jet fuel demand was 25 percent lower than 2019 levels
Economy

UAE spent $10.89bn on development projects under Late Sheikh Khalifa

The UAE accomplished many achievements under the rule of the late Sheikh Khalifa bin Zayed Al Nahyan, including being ranked...
  • His rule saw the establishment, completion and upgrading of more than 230 public schools, and the development of a world-class system of hospitals and 32 federal health facilities.
  • He also supported fishermen by establishing more than 24 fishing ports.
Business

Dubai lures world investors with promise of big returns

Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...
  • The emirate has won over more than 600 FDI projects, including greenfield projects last year
  • Dubai’s economy grew 6.3 percent in the first nine months of 2021
Business

e& buys stake in Vodafone

It bought a 9.8% stake for $4.4bn in the British firm.
  • Formerly known as Etisalat, the company has acquired around 2,766 million shares in Vodafone Group
  • The transaction comes in line with the telecom company’s efforts to become a global player in the field and increase its exposure to international markets
Science

Stay off social media to improve your mental health: Study

It’s no secret that too much social media can be bad for one’s mental health. Now, research suggests that taking...
  • Staying off social media for a week meant, for some study participants, gaining about nine hours of free time, which improved their well-being, British researchers report.
  • Those who took a break from social media had significant improvements in well-being, depression and anxiety, compared with those who continued to use social media, the study found.

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
Business

Company News

Latest News

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...
Business

$121bn GCC projects in pipeline: Trust, transparency key to their success, TOP CEO Conference heard in May

Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every...
Business

Like in climate discourse, digital transformation will eventually edge out the big players, says media expert

“Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

OIC countries suffer US$63bn trade deficit in halal products; Turkey, Indonesia, Malaysia top exporters

The bloc's exports of halal products equaled US$275 billion, while their imports totaled US$338 billion last year, says the 2022...
  • The bloc's exports of halal products equaled US$275 billion, while their imports totaled US$338 billion last year, says the 2022 Annual OIC Halal Economy Report
  • While OIC countries remain import reliant for the food, pharmaceuticals and cosmetics sectors, they are net exporters of apparel and footwear products, it adds
Business

Riyadh’s WTTC Summit to oversee signing of 50 deals

RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council...
  • The minister evaluated the deals to be worth $50 billion, local media reports said.
  • Also, the event comprises over 3,000 participants, 57 ministers of tourism and travel
Infographics

Will Gulf economies expand despite global woes?

Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies...
  • Thanks to a strong rebound in domestic activities and higher oil prices, the latest IMF report suggests the GCC economies to expand further than previously expected.
  • In 2023, the UAE economy will grow 4.2 percent, outpacing Saudi Arabia (3.7 percent), Bahrain (3 percent), Oman (4.1 percent), Kuwait (2.6 percent), and Qatar (2.4 percent)