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, Pakistan ink pact on digital transformation, innovation

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...

Geostrategy

Central Bank of Bahrain treasury bills oversubscribed by 149 percent

MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent....

Business
Geostrategy

Bahrain stresses need for Middle East free of nuclear weapons

Bahrain has stressed the importance of establishing a Middle East zone free of nuclear weapons and other weapons of mass...
  • Bahrain signed Treaty on the Non-Proliferation of Nuclear Weapons and the Convention on the Prohibition of Biological Weapons in 1988.
  • Bahrain's representative to the UN says every country has a right to pursue nuclear programs for peaceful means.
Geostrategy

Saudi Arabia and United Nations sign agreement to combat land degradation

Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley has signed a cooperation agreement with the United Nations Convention...
  • A Global Initiative targets reducing land degradation by 50 percent by 2040.
  • The initiative also aims increased storing of carbon in soil and to realize food security.
Economy

Jordan, FAO forge technical partnership on irrigation

Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley.
  • Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley
  • The application will provide the farmers with accurate scientific information on irrigation dates and the required quantities of water
Business

SIDF inks deal with Engie

The agreement is expected to yield low-carbon energy services.
  • The move will let SIDF employees join Engie’s knowledge-exchange 2022 training program, which will be held in Saudi Arabia
  • It will also give SIDF employees the opportunity to work with experts at Engie for six months at the company's headquarters in Paris
Business

Soudah joins UNWTO

SDC is the 25th member from the Mideast to join UNWTO.
  • SDC is the 25th affiliated member from the Middle East region in the UNWTO, which includes more than 500 members around the world
  • SDC’’s joining UNWTO contributes to achieving the company’s goals in developing the tourism and entertainment sectors
Geostrategy

Qatar signs MoU with Italy for FIFA World Cup security

The MoU was part of joint cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of...
  • The MoU was part of cooperation for securing the FIFA World Cup Qatar 2022, between the Qatari Ministry of Defense and the ministries of defense of the participatingcountries
  • It aims to define the controls for the participation of liaison officers from the Italian Ministry of Defense and to define the roles and responsibilities assigned to them
Arts & Culture

Jeddah edition of BIENALSUR begins at historic Qasr Khuzam museum

Following the success of the Riyadh edition, the Jeddah edition of BIENALSUR 2021, the International Biennial of Contemporary Art of...
  • Qasr Khuzam served as the first residence in Jeddah for King Abdulaziz Al Saud, the founder of Saudi Arabia.
  • A total of 20 artists from 11 countries will participate in the Jeddah edition.
Arts & Culture

Riyadh to host Middle East’s biggest musical event from Dec 16-19

Riyadh is scheduled to host Soundstorm Festival, the biggest musical event in the Middle East, between December 16 and 19....
  • Noted international singers and musicians are expected to perform during the event at the Soundstorm Theater.
  • Soundstorm Festival is among the top events on the calendar of events and seasons launched by the Visit Saudi Platform.
Geostrategy

Human capital drives UAE’s future plans: President

Sheikh Khalifa bin Zayed Al Nahyan said UAE derives its human, socio-economic and cultural clout from robust constitutional, organizational and...
  • Sheikh Khalifa bin Zayed Al Nahyan said the founding fathers built a modern motion by embracing sustainable development as a guiding principle.
  • UAE’s strategy to attract and retain talent has raised its stature at the Gulf, Arab, Islamic and global levels, he said.
Business

UAE’s first drone delivery service provider breaks two Guinness records

UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of...
  • BARQ EV broke the record for the longest (13.58km) flight of a drone for the delivery service.
  • It also broke the longest (18.065km) non-stop return flight for a drone record.

Saudi Arabia, Pakistan ink pact on digital transformation, innovation

RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...
Geostrategy

Company News

Latest News

Saudi Arabia’s Industrial Production Index in August up by 6.8 percent

Riyadh, Saudi Arabia-- Saudi Arabia's Industrial Production Index in August 2022 increased by 6.8 percent compared to August 2021. The...
Economy

Saudi Arabian delegation visits Oman, to enhance bilateral ties

A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a...
Geostrategy

Burjeel begins trading on ADX

Shares closed the debut session up 15 percent ($0.62).
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Al Sagr to cut capital

It has sought shareholders' nod for 65% capital reduction.
  • According to a bourse filing, the Saudi insurer aims to reduce its capital from $106 million to $37.33 million.
  • The company is restructuring its capital in order to write off accumulated losses of $69.33 million
Business

Almarai posts profit in Q3

The Saudi firm's net profit rose 10% to $372m.
  • However, the company's stock took a dip, falling 4.15 percent to end the session at SR53.10
  • The company said positive revenue growth was also witnessed across all categories after the removal of COVID-19 movement restrictions and the re-opening of educational institutions
Economy

Jordan fixes bread prices until 2023 amid global grain price hike

According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...
  • According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils
  • The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily