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

FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia

AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...

Business

Bahrain suspends economic relations with Israel

DUBAI, UAE - Bahrain has recalled its Ambassador from Israel and decided to suspend economic relations with Tel Aviv in...

Geostrategy
Business

Paramount picks new group CEO

Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company...
  • South Africa born Griessel has served several companies as CEO in South Africa and the US
  • Griessel has business leadership and senior management experience of more than 30 years
Business

Masdar, W Solar Investment partner to develop renewable energy projects

Masdar, one of the world’s leading renewable energy companies, and W Solar Investment, a subsidiary of Alpha Dhabi Holding, and...
  • The new company, MW Energy Limited, will act as a development platform, focusing initially on a pre-identified pipeline of projects
  • The JVC will focus initially on the development of pre-identified projects, primarily in Africa and in the Commonwealth of Independent States (CIS) region
Economy

Jordan ranks 5th among Arab countries on Corruption Perceptions Index

The report shows that Jordan has progressed by several indicators, and maintained its rank in some other indicators in 2021.
  • The report shows that Jordan has progressed by several indicators, and maintained its rank in some other indicators in 2021
  • Transparency International found countries that violate civil liberties consistently score lower on the CPI
Geostrategy

Saudi Arabia, Romania sign wide-ranging defense agreement

Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications...
  • The pact includes training, exchange of expertise, technologies and developing communications systems.
  • The agreement is in line with the two sides’ commitment to promote and encourage international peace, media reports said.
Economy

Saudi merchandise exports shot up 82.5 percent

According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5%...
  • The value of exports amounted to SAR 107.3 billion ($28.61 billion) in November 2021, up from SAR 58.8 billion ($15.68 billion) in November 2020
  • This increase originated mainly from oil exports, which rose by SAR 43.1 billion ($11.49 billion) or 112.8% in the same period
Economy

American companies willing to invest in Tunisia: Ambassador Blome

A number of US companies are willing to invest in basic infrastructure and logistics to support Tunisia's efforts in this...
  • Tunisian Transport Minister Rabii Majidi expressed the will to further strengthen cooperation with the United States.
  • Both parties exchanged views on the draft bilateral agreement in the field of air transport. The US ambassador urged stepping up talks to materialize this agreement.
Economy

Abu Dhabi passes new family business ownership law

The new law, issued by the ruler of Abu Dhabi, President Sheikh Khalifa bin Zayed Al Nahyan, aims to further...
  • The new family business ownership governance law empowers owners of family business to: prevent selling of shares or dividends to individuals or companies outside the family
  • The current law is not applicable to family-owned businesses where non-family members own more than 40 per cent of shares
Business

Ras Al Khaimah to allow ‘gaming’ at upcoming resort in Marjan

The emirate of Ras al-Khaimah on Tuesday announced a multibillion-dollar deal with casino giant Wynn Resorts and said it will...
  • The emirate announced a multibillion-dollar deal with casino giant Wynn Resorts, but did not elaborate on 'gaming', a euphemism for gambling in the US.
  • Ras Al Khaimah Tourism Development Authority said a new gaming division would require “compliance with all applicable laws and regulations".
Business

Saudi Arabia to build $79m tourism facility in Taif region

Saudi Arabia’s Tourism Development Fund (TDF) today announced a strategic partnership with Al-Ameen Real Estate, part of Al Nahla Group,...
  • ‘Taif Front’ would be a 100,000 sqm project featuring upscale accommodation with more than 150 keys.
  • The Tourism Development Fund has enabled projects with an investment value of around $1.6 billion.
Expo 2020 DUBAI

Expo 2020 records close to 11m visits so far

Expo 2020 Dubai has recorded 10,836,389 visits as of 24th January, while the virtual visitation reached 72.5 million.
  • Global Goals Week, which ran from 15th to 22nd January at Expo 2020 Dubai associated with the United Nations, proved similarly popular
  • Expo 2020 Dubai’s mass virtual visitation is driven by the range of entertainment and extensive live coverage of the Global Goals Week sessions

FGCC Chambers to hold GCC-Egyptian Business Forum in Saudi Arabia

AL-KHOBAR, SAUDI ARABIA - The Federation of Egyptian Chambers of Commerce (FEDCOC) is scheduled to host the first Gulf-Egyptian Business...
Business

Company News

Latest News

Indonesia needs 17 million technologically literate workers: Minister

Jakarta, Indonesia--- Indonesia would need 17 million technologically literate workers, or workers who are able to use and manage technology,...
Economy

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...
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...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Geostrategy

COP27: Time to move from negotiations and planning to implementation of promises and pledges

At COP26 countries agreed to deliver stronger commitments this year, including updated national plans with more ambitious targets. However, only...
  • At COP27, the participant countries are expected to show how they are planning to implement the Glasgow pact call and review their climate plans
  • The COP27 Presidency also expects nations to capture and assess their progress toward enhancing resilience and helping the most vulnerable communities
Science

21 Saudi Universities figure in Times Higher Education list

RIYADH, SAUDI ARABIA - The number of Saudi universities in the Times Classification of Specializations increased to 21 Saudi universities,...
  • Saudi universities are distinguished in 10 major disciplines out of the 11 majors in which international universities are ranked.
  • The Kingdom’s universities rankings include 47 in physical sciences, 56 in computer science and 57 in engineering.
Geostrategy

Jordan to host renewable energy investment forum

AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...
  • The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.
  • The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.