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

Qatar’s business conditions continue to improve in October

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...

Business

Dubai Customs thwarts smuggling at airport, seize drugs

DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small...

Geostrategy
Business

UAE resumes entry for travelers from 12 African countries

The countries comprise Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe.
  • The countries comprise Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe
  • In addition, the entry measures have been updated for travelers coming in from Uganda, Ghana and Rwanda from January 29
Business

Dubai to host international aid conference in March

The 18th annual Dubai International Humanitarian Aid and Development Conference and Exhibition - DIHAD 2022, will take place from 14th...
  • The event will highlight the importance of strengthening partnerships and the need for global cooperation to tackle humanitarian issues
  • DIHAD is the first-ever humanitarian aid and development event in the Gulf, supported by Mohammed bin Rashid Al Maktoum Global Initiatives
Geostrategy

Three-day ALESCO meet to discuss promotion of Arab integration

The Executive Council of the Arab League Educational, Cultural and Scientific Organization (ALECSO) are likely to discuss strategic directions to...
  • The meeting will be held in the 116th session of ALECSO in AlUla, northwest of the Kingdom of Saudi Arabia.
  • Director-General of ALECSO Mohamed Ould added that 20 agreements were signed in 2021 to support the ALECSO’s executive programs.
Business

Marriott Autograph Collection in Sharjah

Two of Shurooq projects will operate under Autograph brand.
  • Khorfakkan Hotel will be developed to cater to the needs of families and adventurers..
  • The other five-star development, Kalba Hotel, will be spread across a land area of approximately 60,000 sqm.
Geostrategy

UAE launches assessment of proliferation financing risks

The United Arab Emirates' Executive Office for AML/CFT and the Executive Office of the Committee for Goods and Materials Subject...
  • The assessment was initiated in recent weeks and is expected to be completed by the end of 2022.
  • The risk assessment will cover how financial resources may be used to develop nuclear, chemical, and biological weapons.
Economy

Dubai supports expansion of financial markets in UAE : Minister

Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed...
  • Dubai Finance Minister Sheikh Maktoum bin Mohammed bin Rashid said Dubai Mercantile Exchange (DME) was able to gain the confidence of major oil producers.
  • DME is located within the Dubai International Financial Centre (DIFC), a financial free zone designed to promote financial services.
Business

Dubai Islamic Bank profit rises

Its net profits increased by 39 percent in 2021 to AED 4.4 billion.
  • DIB is the largest Islamic bank in the UAE and the second-largest Islamic bank in the world.
  • The bank said it proposed to pay a dividend of 25 percent to shareholders subject to the approval of the AGM.
Business

ADNOC is UAE’s most valuable brand for 4th year

ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a...
  • ADNOC's US$12.76 billion (AED47 billion) brand value witnessed a 19 percent increase over the previous year
  • ADNOC ranked the first valuable brand in the UAE, the second in the Middle East and North Africa
Business

Arabian Healthcare and CommonSpirit to boost alliance

Ras Al Khaimah is taking steps to further enhance its growing healthcare sector through the continuation of an alliance between...
  • The critical areas of collaboration with CommonSpirit will include digital innovation, training and education, clinical alignment, care coordination
  • Among the care centers widely recognized with clinical expertise in DHI’s US network are the Barrow Neurological Institute in Phoenix, Arizona
Business

Jordan, Tunisia discuss economic cooperation

The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.
  • The meeting was attended by Secretary-General of Jordan’s Ministry of Industry, Trade and Supply Dana Al-Zoubi
  • Head of the Cabinet of Minister of Trade and Export Development in the Tunisian Ministry of Trade, Khaled bin Abdullah, also attended

Qatar’s business conditions continue to improve in October

DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
Business

Company News

Latest News

DEWA commissions 389 11kV substations in Q3 of 2022

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter...
Business

Investment to tackle climate change falls in 2022, says UNCTAD

Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global...
Geostrategy

Ma’aden, Barrick Gold alliance get license to explore mining site in Saudi Arabia

Saudi Arabia's Ministry of Industry and Mineral Resources announced that Saudi Arabian Mining Company Ma'aden and Barrick Gold Ltd alliance...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Sharjah Taxi to scale up its fleet of hybrid cars by 65 percent

Sharjah, UAE— Sharjah Taxi intends to increase the number of its hybrid cars running on both fuel and electricity. The...
  • The decision is in line with the Emirate’s vision to rationalize the use of energy, in accordance with its development goals and agenda
  • Sharjah Taxi had previously completed hybrid vehicle conversions towards 65% of its vehicle fleet in the Eastern Region, which now enjoys environmentally-friendly hybrid vehicles
Business

Foreign firms can now get approval for dual listing on Tadawul

Riyadh, Saudi Arabia— Foreign companies will be able to obtain approval for dual listing on the Saudi market, according to...
  • Mohammed Al-Rumaih told media that companies need finance to expand in particular industries, noting that the capital market aims to be the first partner to provide finance
  • Tadawul Group witnessed its 39th listing of the year on Oct. 25, with 18 listing requests approved by the CMA through 2022
Business

Arab Broadcasting Festival set to begin in Riyadh, in November

Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have...
  • President of the Arab States Broadcasting Union (ASBU) and CEO of Saudi Broadcasting Authority, Mohammad bin Fahd Al-Harithi, announced the completion of the ongoing preparations
  • Al-Harthi explained that the hosting comes from the authority’s role in the Kingdom’s Vision 2030, which aims to develop the production industry