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

Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...

Geostrategy

Aramco’s Luberef resumes bitumen exports after 20 years

RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk...

Business
Business

UAE elected to Council of International Maritime Organization for third time

The UAE has been re-elected to the Council of the International Maritime Organisation (IMO) in the Category B membership for...
  • The results of the election were announced during the 32nd session of the IMO Assembly in London.
  • UAE ranks fifth as a key competitive maritime hub and 13th globally in Port Performance and Efficiency Index.
Business

Global Business Forum ASEAN ends, records 1,368 participants

A total of 1,368 delegates from 58 countries – including 250 virtual participants – attended the first edition of the...
  • GBF ASEAN was held 8-9 December and organized by Dubai Chamber in partnership with Expo 2020 Dubai under the theme ‘The New Frontiers’.
  • The Forum is part of Dubai Chamber’s flagship Global Business Forum series, which was launched in 2013 to explore economic opportunities in Latin America and Africa.
Business

Roborace, ADIO and Mubadala team up for innovation

Abu Dhabi Investment Office (ADIO), Mubadala, and Roborace have signed a Memorandum of Understanding (MoU) to drive innovation in the...
  • Roborace will review the opportunity to establish its regional HQ in Abu Dhabi
  • ADIO, Mubadala and Roborace are active proponents of the 4th Industrial Revolution
Economy

Iran plans to double exports to neighboring countries in four years

Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is...
  • The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
  • Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months
Business

Jahez to raise $428m through IPO

HSBC is the financial advisor of the Saudi online food delivery startup.
  • It has set the price range for its IPO on Nomu Parallel Market between SR750 and SR850 per share
  • HSBC Saudi Arabia is the financial advisor, lead bookrunner, lead manager, and stabilization manager for the listing
Geostrategy

Egypt pledges support to Lebanon after Sisi-Mikati meeting

Egypt has pledged support to Lebanon "at all levels" and stressed that it needs "political accord" to reawaken from the...
  • Egyptian President said 'he gave directions to the relevant ministries to take care of all Lebanon’s demands'.
  • Sisi stresses on the need for political accord in Lebanon to reawaken from the setbacks.
Business

Oman launches operations at 500-acre shrimp farming project

A commercial shrimp farming project was launched at Quroom Farm in Jaalan Bani Bu Hassan, in the Governorate of South...
  • Quroom Farm in Jaalan Bani Bu Hassan is is set to have a total capacity of 4,600 tons per annum by the time it is completed in 2023.
  • The farm will also serve as a springboard for academics and researchers in the field of aquaculture.
Geostrategy

Saudi Arabia, Singapore to enhance cooperation in digital economy

The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation.
  • The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation
  • The two countries also aim to improve bilateral relations in the field of communications, information technology and the digital economy
Economy

Sweden to support Gaza early recovery program through UNDP

The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.
  • The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population
  • The program will also prioritize women-headed households and persons with disabilities and provide them with cash assistance to address their accommodation needs
Research

Qatar, UNESCO launch Arabic version of freedom of expression report

While launching the report, Acting Director of the Information Office at the Ministry of Foreign Affairs Ibrahim bin Sultan Al...
  • The launch of the Arabic version of the report is the first fully translated into a language other than English
  • Qatar hopes that the report will be an entry point for discussion for academics, journalists, and the public about misleading information

Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...
Geostrategy

Company News

Latest News

Lulu Group to list on Abu Dhabi Exchange in 2023

V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati...
Business

Camel Club, Riyadh Chamber to promote camel culture as Saudi heritage

Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create...
Business

Oman & Emirates Co. Q3 net profit $5.6m

The profit for the same period in 2021 was 538,832 OR.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

Burjeel Holdings set to expand to Oman, Saudi Arabia

The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi...
  • The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, the founder Dr Parambath said
  • In the UAE Burjeel has built the cancer centre, the mother care services, as well as the orthopaedic and diagnostic networks
Science

Dubai’s Museum of the Future to house Global Futurist Society

The Global Futurist Society headquarter at the MOTF creates a physical center for international and cross-border dialogue.
  • The Global Futurist Society headquarter at the MOTF creates a physical center for international and cross-border dialogue
  • It will harness the knowledge and expertise of local and global networks and members of the constituent parties to shape practices in future
Business

Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities

The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It...
  • The TOP CEO Conference in Dubai in the second quarter of 2022 discussed several burning global and regional issues of the time
  • It brought together Arab and international business leaders and experts to discuss several topics under the theme of The Great Business Reset