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

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...

Geostrategy

Dubai faces warehouse shortage, says new report

DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according...

Business
Geostrategy

Jordan king, in phone call, discusses ties with Saudi crown prince

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.
  • The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company
  • The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries
Geostrategy

Kuwait, KSA agree on plan to develop joint offshore gas field

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.
  • The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company
  • The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

Jordan ends all forms of distancing in mosques

Worshipers have been asked to wear masks when entering mosques and performing prayers.
  • Worshipers have been asked to wear masks when entering mosques and performing prayers
  • Earlier, the Awqaf Ministry, based on recommendations of the Governmental Epidemiology Committee, decided to enforce social distancing
Science

April 2 will be first day of Ramadan: International Astronomical Center

It will be possible to see the crescent with a telescope, but not the naked eye, from parts of the...
  • Seeing the crescent on Friday, April 1, is not possible with the naked eye from anywhere in the Islamic world
  • It can be viewed only through a telescope, but with great difficulty, from parts of Africa and the Americas
Business

UAE looks to accelerate trade cooperation with Turkey

The FCCI is keen to enhance cooperation with MÜSİAD and utilize the momentum provided by Expo to intensify relations between...
  • The two sides reportedly discussed ways to enhance trade ties between FCCI and MÜSİAD
  • They are also said to have focused their discussions on the prospects of growing cooperation
Economy

Saudi Arabia Railways opens tickets for train to strategic Al Qurayyat

Saudi Arabia Railways "SAR" has opened online booking of tickets for train services via the North Train to and from...
  • The services starts on March 31, 2022, with a long-distance journey of 1,215 km by passenger train between Riyadh and Al-Qurayyat.
  • Saudi Arab Railway stated that such a step comes in conjunction with the inauguration of the Al-Qurayyat passenger train station on March 30, 2022.
Business

UAE sanctions crowdfunding for public and private sectors

The Cabinet approved the UAE System for Crowdfunding Platform Operators, stressing that the Securities and Commodities Authority (SCA) will be...
  • The strategy covers all technical aspects associated with the regulation of crowdfunding platform operators
  • It also addresses supervision, inspections, and penalties
Business

Egypt and Saudi Arabia to boost bilateral economic cooperation

Hala Al-Saeed, Egypt’s minister of planning and economic development, discussed ways to enhance future cooperation between Egypt and Saudi Arabia...
  • A discussion was held between Egypt's minister of planning and Saudi Arabia's minister of trade.
  • The minister of Egypt stressed her keenness to consolidate relations between the Egyptian and Saudi business communities.
Business

Stellantis MENA shipments up

Expansion into 10 new countries MENA countries strong driver for growth.
  • The UAE saw a 41 percent increase across all brands from the same period last year, with Jeep increasing sales from 25 percent and PEUGEOT increasing by 70 percent.
  •  Saudi Arabia witnessed a 36 percent growth across all Stellantis products with PEUGEOT being the automaker’s highest performing brand with a 222 percent  growth.
Business

Nahdi Medical to list on Tuesday

The company's listing will be the biggest since Aramco.
  • With an offer price of SR131 ($35), Nahdi had raised $1.36 billion from its initial public offering, slightly higher than the $1.2 billion sold by ACWA Power a year earlier
  • The Jeddah-based pharma retailer currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
Geostrategy

Company News

Latest News

ADIB, ADGM to support growth needs of Abu Dhabi financial community

Abu Dhabi, UAE -- Abu Dhabi Islamic bank (ADIB) and Abu Dhabi Global Market (ADGM) will collaborate to support the...
Business

Masar, BTC Network sign agreement for info center, infrastructure

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah,...
Business

QatarEnergy, Qatargas celebrate loading of 30,000th ship from Ras Laffan

Doha, Qatar---Qatar’s state-owned QatarEnergy and Qatargas, the world's largest liquefied natural gas (LNG) company, celebrated the loading of the 30,000th...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Arada to participate in Gulf’s largest real estate show, Cityscape Dubai

Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the...
  • Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the strong investor demand for property in the UAE
  • Arada has so far launched three master-planned communities with a total value of AED 33 billion, making it the largest developer in Sharjah
Science

Kuwait sets 2060 as date to reach carbon neutrality

Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across...
  • According to Kuwait's Environment Public Authority chief, Kuwait intends to embrace a national strategy to achieve the target
  • The chief said the country is also keen to develop program to reduce carbon emissions through low-carbon development strategies in the oil and gas, energy, transport, industry
Economy

UAE Cabinet approves penalties for flouting Nafis initiatives, programmes

Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the...
  • Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the economy
  • If an establishment undertakes fake Emiratisation, a fine of no less than AED20,000 and not more than AED100,000 for each Emirati employee will be imposed