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

UN adopts Qatar-sponsored resolution on human rights training center

New York, USA - The UN General Assembly (UNGA) adopted a resolution by 185 votes on 'The UN Human Rights...

Geostrategy

NCSC seeks to regulate Jordan’s cybersecurity market

AMMAN, JORDAN - National Cyber Security Center (NCSC) seeks to regulate the Kingdom's cybersecurity market by outlining and endorsing the...

Geostrategy
Economy

Japan grants $3.35m emergency aid to Gaza Strip

Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians.
  • Japan will provide humanitarian assistance, such as food provision, targeted at vulnerable Palestinians
  • The humanitarian situation in Gaza Strip has significantly deteriorated due to the COVID-19 pandemic and floods
Business

Saudi Arabia launches platform with Homeland of Dates tag

The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.
  • The National Center for Palms and Dates in Saudi Arabia has launched a platform called Saudidates
  • The platform is one of the center’s projects to invest in the history and culture of the kingdom
Economy

Saudi Arabia to import 625,000 tons of wheat later this year

The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from...
  • The Russian invasion of Ukraine has threatened the food supply of not just Saudi Arabia but the entire Middle East and North Africa region
  • Saudi Arabia buys wheat, beef, and milk from both Ukraine and Russia and relies on them for various products, particularly agricultural products
Research

WHO data shows billions of people still breathe unhealthy air

A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in...
  • A record number of over 6,000 cities in 117 countries are now monitoring air quality, but the people living in them are still breathing unhealthy levels of fine Particulate Matter
  • The findings have prompted WHO to highlight the importance of curbing fossil fuel use and taking other tangible steps to reduce air pollution levels
Business

Saudi Arabia adds two marine tankers to its naval fleet

The Public Transport Authority announced the launch of two new Saudi-flagged marine tankers: "Sara" and "Hessa". Both were recently registered...
  • The new giant ships of the Saudi naval fleet bring the tally of national ships carrying the Saudi flag to 426.
  • The marine tankers named "Sara" and "Hessa" were registered at King Abdulaziz Port in Dammam.
Business

DFF to support tech startups in luxury retail challenge

Dubai Future Foundation (DFF) has announced the launch of a new, first-of-its-kind initiative in the region to encourage and support...
  • The challenge is to utilize the latest technologies and innovations and contribute to the development of a quality and innovative experience for luxury brand customers.
  • The challenge is part of the Future of Luxury Retail start-up incubation program, organized by Dubai Future Accelerators, an initiative by the DFF.
Business

Gulf Air, Texel Air sign MoU

They will explore charter agreements, engineering and maintenance activities.
  • Texel Air is a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013.
  • It is dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.
Business

IDC forecasts Saudi ICT spending to touch $33bn in 2022

The International Data Corp. has predicted Saudi spending on information and communications technology to touch $33 billion in 2022, a...
  • The Saudi technology sector expanded 8 percent between 2019 and 2021, to reach a value of $32.1 billion
  • The global market intelligence provider has also described the Saudi ICT sector as one of the most rapidly growing markets in the region
Economy

Lebanon, its central bank have gone bankrupt, says Deputy PM

In the first official admission, Saadeh al-Shami said the losses have occurred and the government will try to reduce losses...
  • Lebanon has been grappling with an unprecedented economic that the World Bank says is usually of scale associated with full-scale wars.
  • The country’s currency has lost 90 percent of its value, making it difficult for people to access basic necessities. Lebanon has not been able to afford consistent fuel imports.
Business

ACWA Power and partners begin work on green hydrogen project

ACWA Power of Saudi Arabia and its partners have begun work on a big green hydrogen project in NEOM.
  • The partners announced a $900 million contract for the engineering, procurement and construction of the project
  • In July 2020, Air Products, together with ACWA Power and NEOM, announced an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility

UN adopts Qatar-sponsored resolution on human rights training center

New York, USA - The UN General Assembly (UNGA) adopted a resolution by 185 votes on 'The UN Human Rights...
Geostrategy

Company News

Latest News

Blinken to arrive in Qatar for strategic dialogue, World Cup

Washington, US— US Secretary of State Antony Blinken is going to arrive in Doha on Monday to support Team USA...
Geostrategy

FIFA World Cup: Coca-Cola Middle East launches locally produced 100% rPET bottles

350ml Coca-Cola, Sprite and Fanta bottles, plus 500ml Arwa water bottles, will be available to consumers.
Business

AD Ports Group and Transmar launch new Pakistan Service

The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

China’s natural gas output up 12.3% in October

The country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago.
  • The country produced 18.5 billion cubic metres of natural gas in October, up 12.3 percent from a year ago
  • In the first 10 months of this year, China's natural gas output rose 6 percent YoY to 178.5 billion cubic metres
Economy

Qatar’s IPI increases by 4.9 percent in September

Doha, Qatar— The Industrial Production Index (IPI) of Qatar has increased by 4.9 percent in September of 2022 when compared...
  • The mining sector index showed a decrease by 2.8% compared to the previous month (August 2022)
  • The index of the manufacturing sector showed a decrease by 5.3% compared to the previous month (August 2022)
Arts & Culture

Qatar’s excellence in organizing the World Cup refutes all allegations, says IPU head Duarte Pacheco

“Qatar has done everything in the best way, I don't understand some critics, because we didn't find these kind of...
  • Qatar has prepared an integrated infrastructure for the FIFA World Cup, says Inter-Parliamentary Union President Duarte Pacheco
  • Pacheco also praises the labor reforms implemented by the State of Qatar to protect the rights of workers