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

Bahrain government launches scheme to extend health services to citizens

Bahrain government has launched a health scheme, “Medic in Every Home”, aimed at extending health services and reaching out to...
  • The project aims to enhance Bahrain’s rating on the third and fourth Sustainable Development Goals and increase the survival rate of the injured.
  • Medic in Every Home was one of the three innovative ideas which were declared winners of the third edition of the Government Innovation Competition (Fikra).

Lebanon government clarifies on claims of overspending on dams

The Ministry of Energy and Water has said the two dams have so far cost $90 million, and not the...
  • The expenditure on the Msailha Dam amounted to $69.13 million, according to official figures
  • The same figures from the government say the amount spent on the Balaa Dam was $24 million

UAE inks deal to make medications more affordable

The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the...
  • The MoU was signed by the Ministry of Health and Prevention of the United Arab Emirates (UAE)
  • It was inked with Janssen Pharmaceutical Companies of Johnson & Johnson, and healthcare consulting firm Axios

SFD launches $135m infra projects

The projects have been inaugurated in Djibouti.
  • The projects include two new development initiatives in the water and housing sector
  • The fund has also laid the foundation stone for a project in the transportation sector

Golden Visa to boost Bahrain business attractiveness: Expert

The Bahrain Golden Visa was recently announced during a Cabinet meeting chaired by Crown Prince and Prime Minister Salman bin...
  • To qualify for the Golden Residency Visa, existing residents must have stayed in Bahrain continuously for at least five years
  • They must also have earned an average basic salary of no less than BHD 2,000 ($5,305) per month throughout the duration

UAE sees climate action as catalyst of economic prosperity

UAE’s Minister of Industry and Advanced Technology, and UAE Special Envoy for Climate, Sultan Ahmed Al Jaber has said that...
  • The minister noted the need to increase investments in agri-tech and leverage best practices that safeguard vulnerable nations' food and water security
  • He was speaking at the Munich Security Conference titled "Scaling Up Climate Action" where he reiterated the UAE's support for robust climate finance

UAE to allow cooperative associations to trade in markets

The UAE has announced that it will  allow cooperative associations to trade their shares in financial markets, according to media...
  • United Arab Emirate's cabinet of ministers has approved this new decision
  • The move aims to strengthen the regulatory environment of the cooperative sector

UAE and Hungary to collaborate in energy sector

UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 25 per...
  • The two sides also discussed an exchange of expertize and best practices in infrastructure, housing and transport
  • The ministers of UAE and Hungary met on the sidelines of Dubai Expo 2020 and discussed cooperation in energy

Sisi of Egypt praises WHO for vaccine know-how to Africa

Egyptian President Abdel Fattah El-Sisi has praised the World Health Organization for its decision to pick Egypt and five other...
  • In his speech at the European Union — African Union Summit, he stressed Egypt’s ability to use this technology to ensure the continued availability of vaccines to his country
  • The WHO announced that Egypt, Tunisia, Kenya, Nigeria, Senegal and South Africa will be the first countries on the continent to obtain technology required to produce vaccine

A Saudi study sees tourism a provider of thousands of jobs

A study undertaken by the Saudi Ministry of Tourism sees the sector providing thousands of jobs for the young people...
  • The study showed that 75 percent of the study participants were positive about the job opportunities available in the sector
  • Some 80 percent of the study participants expressed that there are many opportunities for career learning and professional development in these areas

48,616 firms register with Dubai Chamber of Commerce in January-September 2023

DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...

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Hub71, Yahsat partner to support satellite operations tech

Hub71 and Yahsat are both supported by Mubadala investment company.

UAE, Turkish FMs discuss food and energy security

The two ministers also discussed prospects of bilateral cooperation and partnership between the UAE and Türkiye.

UAE removes most Covid restrictions and eases mask rules

Dubai, UAE—The United Arab Emirates has dropped almost all Covid restrictions as the rate of infection considerably drops in the...
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INSEAD Day 4- 300x600

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Saudi F-15S jet crashes, pilots eject unharmed

The aircrew, consisting of two officers, survived the incident after using the ejector seat.
  • The aircrew, consisting of two officers, survived the incident after using the ejector seat
  • An investigation committee has been set up to uncover the reasons behind this incident

Suez Canal Authority to invest US$550m in current fiscal

Cairo, Egypt— Suez Canal Authority will make an investment of $550 million in the current fiscal year, according to Minister...
  • The revenue of Suez Canal increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion — the highest figure ever recorded
  • As many as 6,252 ships crossed the canal from July to September, with a total net payload of 372.7 million tons

UAE to unveil its Net Zero by 2050 roadmap at COP27: Almheiri

‘The UAE is also working on a comprehensive assessment of the status and movement of sustainable financing solutions, including green...
  • ‘The UAE is also working on a comprehensive assessment of the status and movement of sustainable financing solutions, including green bonds’
  • ‘The country would focus on intensifying efforts to promote climate-smart initiatives to benefit the private sector, through a set of reports and evidence’