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

Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact

MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...

Business

Oman to expand production of green hydrogen to boost non-oil economy

Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...

Business
Business

QIB’s quarterly profit grows 14%

The Earnings per Share (EPS) amounted to QR 0.36.
  • The Earnings per Share (EPS) amounted to QR 0.36 as of March 31, 2022 versus Earnings per Share of QR 0.32 for the same period in 2021
  • Qatar Islamic Bank was founded in 1982 as the first Islamic financial institution in Qatar, with a capital of about 2,362 billion riyals
Economy

OPEC cuts 2022 world oil demand forecast due to Ukraine war

In a monthly report, the OPEC said world demand would rise by 3.67 million barrels per day (bpd) in 2022,...
  • In a monthly report, the OPEC said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast
  • The invasion in February sent oil prices soaring above $139 a barrel, the highest since 2008, worsening inflationary pressures
Economy

DMCC registers record 665 companies to its Free Zone in Dubai during Q1

Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed...
  • This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent year-on-year increase.
  • In the first quarter of 2022 alone, 16 percent of all company registrations were for crypto-related activities.
Business

Czech Republic delegation explores business opportunities in Bahrain

A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two...
  • The delegation expressed keenness on cooperating with the Bahraini private sector for investment in various sectors.
  • A minister said Bahrain welcomes all international investments and projects with added value to investment and investors.
Geostrategy

Oman becomes first GCC nation to ratify a treaty on rights of seafarers

Oman has become the 100th country to ratify a 2006 treaty that protects the rights, pay and conditions of seafarers. The...
  • Maritime Labor Convention has become a worldwide reference for the maritime industry and a pillar of international maritime rules and regulations since its signing in 2006.
  • Guy Ryder, the ILO Director-General, said Oman, a longstanding maritime nation, has set an example for other countries in the region.
Business

Two firms set up UAE’s first Special Purpose Acquisition Company

ADQ, an Abu Dhabi-based investment and holding company, and Chimera Investments, an Abu Dhabi-based private investment firm, announced they have...
  • The ADC Acquisition Corporation ADQ has been formed by ADQ and Chimera Investments, an Abu Dhabi-based private investment firm.
  • ADC plans to raise AED367 million through an Initial Public Offering (IPO) of 36.7 million shares at an offer price of AED10 per share.
Geostrategy

Jordan plans to expand cultivation of wheat, barley

The plan includes allocating interest-free loan packages to farmers through the Agricultural Credit Corporation.
  • The plan includes allocating interest-free loan packages to farmers through the Agricultural Credit Corporation
  • Jordan Minister of Agriculture, Khaled Hneifat said the ministry will provide seeds to grow wheat and barley in alignment with the climatic condition of the cultivation areas
Economy

Qatar, Iran ink bilateral pacts in aviation sector

An agreement to increase the number of flights between Qatar and Iran was also signed.
  • An agreement to increase the number of flights between Qatar and Iran was also signed
  • A series of meetings were also held between the two sides to enhance cooperation in the transport sector
Economy

Palestine wheat stocks could run out within 3 weeks

The cost of wheat flour in Palestine has already surged by nearly 25 percent because of the Ukraine crisis.
  • Most households in the Gaza Strip are now buying food on credit
  • Many families are eating less and lower quality of food items
Economy

Jordan Interior Ministry introduces 5-year entry visa

The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip.
  • The decision also grants visa holders a temporary three-month stay that is obtained directly at border posts on each trip
  • The ministry said that it is working to create a safe environment for investors and simplifying procedures for their travel

Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact

MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...
Business

Company News

Latest News

Abu Dhabi DoH, Eversight to jointly set up UAE’s first eye, tissue bank

ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and...
Business

ADFD, AIIB to strengthen cooperation over sustainable economic development

Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office...
Business

Aldar ties up with ADGMA to nurture local talent

Abu Dhabi— Aldar has partnered with the Abu Dhabi Global Market Academy (ADGMA) to develop a range of talent development...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

ADGM’s new service highlights how metaverse may help in mediation as underlined at TOP CEO Conference

The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of...
  • The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of the focuses of Dubai event held in May
  • ADGM’s “mediation in the metaverse” service will provide a more immersive experience, enhancing virtual mediation by allowing the participants to access a 3D office space.
Business

Global intellectual property filings reached new records in 2021: WIPO

The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia.
  • The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia
  • Up by 5.5 percent, China and India showed strong growth in local patent filings along with South Korea, which jumped 2.5 percent
Geostrategy

Jordan and US renew commitment to enhance strategic ties

Amman, Jordan—Jordan and the US have reviewed their strategic partnership in a meeting between King Abdullah of Jordan and Mark...
  • The meeting covered the ties and the strategic partnership between Jordan and the United States, as well as means of expanding cooperation across all fields
  • The congressional delegation lauded the deep-rooted Jordanian-US ties, underscoring Jordan’s pivotal role in bolstering security and stability in the region