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

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...

UN seeks $80m from donors to remove ship off Yemen coast

The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on...
  • UN-backed engineers have been prevented from inspecting the 45-year-old ship by the Iran-backed Houthis
  • A new scheme devised by UN Humanitarian Coordinator for Yemen David Gressly will see the UN attempt to raise $80 million from donors at a conference

DEWA inches closer to finishing $72.42m water project

Dubai Electricity and Water Authority (DEWA) has completed 98.83% of its project to extend its water transmission network by 36...
  • The project includes enhancement of water network including installation and commissioning of pipelines
  • DEWA’s efforts have reduced the losses in water transmission and distribution networks from 42% in 1988 to 5.3% currently

Dubai establishes Debt Management Office for financing needs

Dubai has announced the establishment of a Debt Management Office that would be responsible for government's financing requirements, managing the...
  • Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum appointed Rashid Ali bin Obood Al-Falasi as the Chief Executive Officer of the DMO.
  • It will also be responsible for managing the sovereign debt portfolio and setting strategic objectives and policies.

Jury completes evaluation of ‘One Million Arab Coders’ entries

Dubai Future Foundation said Monday that the jury has finished evaluating the projects that qualified for the final stage of...
  • The participants presented their innovative ideas based on programming techniques and applications, and compete for prizes totaling $1.35 million.
  • A total of 20 projects made it to the final stage of the challenge, the best of which will receive the $1 million grand prize.

Jordan king, queen to receive Path to Peace Award in New York

The award will be presented by the Path to Peace Foundation affiliated with the Permanent Observer Mission of the Holy...
  • The award will be presented by the Path to Peace Foundation affiliated with the Permanent Observer Mission of the Holy See to the United Nations
  • It comes in appreciation of their role in promoting interfaith harmony and dialogue, as well as bolstering prospects for peace

Qatar, Kuwait warn against Israeli settlement plans

Qatar has warned against the plans of the Israeli occupation authorities to approve about 4000 new settlement units in the...
  • Qatar has warned against the plans of the Israeli occupation authorities to approve about 4000 new settlement units in the occupied West Bank
  • Kuwait ministry of foreign affairs said that these settlement schemes, which blatantly violate international law and legitimacy; mainly the resolution 2334

Saudi King Salman to stay in hospital after colonoscopy

On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said.
  • On Sunday afternoon doctors performed a colonoscopy “and the result was sound”, the Saudi Press Agency later said
  • The king underwent gallbladder surgery in 2020 and had the battery of his heart pacemaker replaced in March

Aramco shares up 3 percent

Oil prices continue to spike, beefing up energy companies.
  • The stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
  • Saudi Aramco now holds the second largest market valuation globally of SR9.15 trillion.

Abu Dhabi tourism department readies to launch summer campaign

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel...
  • Located in Hall 2 at Dubai World Trade Centre, Visit Abu Dhabi will take guests on journey of the top sites and attractions in the capital.
  • Visitors will be treated to live performances from the City of Music, the creative craftsmanship of Emirati artisans at the House of Artisans zone.

Jeddah airport picks new acting CEO

Ayman Aboabah was appointed after the airport witnessed chaos.
  • Aboabah has 28 years of experience, where he had held several leadership positions including the vice president for operations at Riyadh Airports Co.
  • Several clips featuring the chaotic situation have gone viral on the internet, with people questioning why su.ch a situation happened at the newly built $9.6 bn airport.

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...

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European Education Area to take EU-UAE learning cooperation to the next level, says top official

It will open opportunities for Emirati youth to study in European Union, further strengthening the existing people-to-people ties, adds Margaritis...

Islamic nations seek to turn crisis into opportunity with enhanced relations, trade amidst recession fear

At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to...

In Hawaii world’s largest volcano erupts for first time in decades

Hawaii's Mauna Loa, the largest active volcano in the world, has erupted for the first time in nearly 40 years,...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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UAE’s health and prevention ministry launches National Nutrition Strategy 2022-2030

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable...
  • National Nutrition Strategy comes as part of MoHAP’s ongoing efforts to support the UAE’s visions aimed at improving the health of younger generations.
  • The strategy was launched during an event hosted by the ministry at the Etihad Museum.

Kazakhstan eyes energy takeovers after blackouts, ‘mismanagement’

ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the...
  • Kazakhstan is a net exporter of energy, but high gas prices this year fueled historic and bloody protests.
  • Last month, Kazakh authorities said 65 percent of regional electricity networks needed repair.

ADIB enables digital solutions to support UAE IPOs’ push

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in...
  • ADIB said that 80 percent of clients subscribed to IPOs that were issued in 2022 through ADIB Mobile app.
  • ADIB is providing a quick and easy end-to-end process for IPOs subscriptions through mobile app.