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 must be held accountable for its actions, says Palestinian PM

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...

Geostrategy

Arab world to be center for global change in 2024, says Russian intelligence chief

MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...

Geostrategy
Business

Gas production begins at Pegaga

The production started by Abu Dhabi-based Mubadala Petroleum.
  • Pegaga will be a key producing field supplying gas to PETRONAS LNG Complex, in Bintulu, Sarawak, Malaysia.
  • Mubadala Petroleum has been present in Malaysia since 2010 and is the Operator of Block SK 320 with a 55 percent stake.
Business

ADX embraces FTSE Russell’s Industry Classification Benchmark

The Abu Dhabi Securities Exchange (ADX) has decided to embrace FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed...
  • The introduction of the ICB is part of the transition of ADX indices to the co-branded FTSE ADX index series, under the strategic partnership between FTSE Russell and ADX
  • The partnership between FTSE Russell and ADX is aimed to develop co-branded indexes and will support the recent launch of ADX’s derivatives market
Business

Licensed firms and SMEs account for bulk of AFZ procurement

Licensed companies and small and medium enterprises (SMEs) accounted for 51 per cent of Ajman Free Zone’s total procurement of...
  • Ajman Free Zone covered 27 per cent of the total purchases and contracts of SMEs alone during the same year.
  • The Free Zone's procurement policy benefits investors and business owners from more than 165 countries, said Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of AFZ Board.
Business

Saudi ratifies protocols on Convention on International Civil Aviation amendments

The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to...
  • The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to 40 members
  • The second protocol provides for raising the number of members of the Air Navigation Commission from 19 to 21 members
Business

Salalah Free Zone inks $3.9m deals

The projects will be set up in the Mazaya warehouses.
  • The first agreement is on the establishment of a complex for the trade of plastic products
  • The second agreement is to establish a complex to assemble communications equipment
Geostrategy

Yemeni-Yemeni dialogue an opportunity to end conflict: GCC Secretary General

Al-Hajraf said that the dialogue represents a platform to all Yemenis to end the dispute.
  • Al-Hajraf said that the dialogue represents a platform to all Yemenis to end the dispute
  • The consultations aim at urging all Yemeni parties to accept ceasefire and pursue peace talks
Business

Zain Group signs MoU with Huawei

Zain Saudi Arabia launched the largest 5G network in the region.
  • The two entities will also work together to define autonomous driving network-level criteria and explore new use cases.
  • Zain Kuwait’s 5G data traffic already accounts for 46 percent of its total wireless traffic.
Geostrategy

Gulf treads humanitarian path on Ukraine crisis

Most Gulf Cooperation Council countries took no maximalist position on the conflict and stressed on a diplomatic approach for its...
  • Saudi Arabia recently extended tourist and business visas of Ukrainian citizens without fees or fines for humanitarian considerations.
  • Russia has been slapped with unprecedently harsh economic sanctions after the invasion of Ukraine.
Business

Mubadala of UAE to invest $395m in UK’s CityFibre

Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to...
  • The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK
  • An official announcement from Mubadala or CityFibre could come as early as Monday
Economy

Two Ajman organizations pledge to work for women empowerment

The Ajman Business Women's Council and Umm Al-Moumineen Women's Association in Ajman will now work together to empower women. The...
  • Ajman Business Women's Council and Umm Al-Moumineen Women's Association signed an MoU to work for women empowerment.
  • The focus of both the organizations will be on increasing women's contribution to the process of sustainable economic development.

Israel must be held accountable for its actions, says Palestinian PM

DOHA, QATAR - Prime Minister of Palestine Mohammad Shtayyeh called for holding Israel accountable, imposing sanctions and not allowing it...
Geostrategy

Company News

Latest News

FSRA grants Binance permission to provide crypto custody services

Abu Dhabi, UAE---Binance, world's biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial...
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...
Business

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...
Science
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Abu Dhabi launches association to promote blockchain in region in line with TOP CEO Conference call in May

The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and...
  • The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and address the challenges faced by the sector
  • Experts at the TOP CEO Conference and Awards held in May 2022 had called for entities such as MEAACBA to inform the masses and develop an ecosystem for blockchain and cryptos
Business

MSC World Europa, 22-deck cruise ship, docks at Doha for World Cup

Doha, Qatar—The 22-deck cruise ship MSC World Europa (floating hotel) has docked at Doha Port for FIFA World Cup fans...
  • The cruise ship, designed with the highest standards of security and safety, can accomodate 6,700 World Cup fans
  • The ship offers 7 swimming pools, 13 whirlpools, and the most luxurious yacht club, which includes public spaces, outdoor areas and new suites
Geostrategy

UAE President meets Saudi Crown Prince on sidelines of G20 Summit

The two leaders discussed mutual ties, including the agenda of the summit. 
  • The two leaders discussed mutual ties, including the agenda of the summit
  • Saudi Arabia and the UAE are close allies and share extensive political and cultural ties