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

IsDBI, BIBF join hands to enhance global Islamic finance expertise

MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...

Business

World must understand AI, curb its risk, says UK Deputy PM

NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...

Science
Business

Qatar Airways stops Africa flights

It has stopped flights to South Africa, Zimbabwe, and Mozambique.
  • The cities affected are Johannesburg, Cape Town, Durban, Harare, and Maputo
  • The restriction on travelers and flights will reportedly remain same until further notice from the WHO
Business

Siemens lands UAE deal

This partnership is expected to support UAE Industry 4.0.
  • The program, overseen by MoIAT and Siemens, will address a broad range of topics
  • The aim is to accelerate the transformation of the manufacturing sector towards industry 4.0 in the UAE
Business

Saudi Arabia cancels maximum age for foreign pilgrims

Saudi Arabia has cancelled the maximum age limit of 50 years for all foreign pilgrims, as per local sources.
  • The age limit for overseas pilgrims to perform Umrah was between 18-50
  • On average, 18.5 to 20 million people visit Saudi Arabia every year to perform Umrah
Economy

UAE legal system gets major revamp

It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to...
  • The draft of new laws and legislative amendments came during the "Year of the 50th" and are intended to keep pace with the developmental achievements of the UAE
  • The new legislative changes came after intensive coordination at both the local and federal levels
Business

EFG Hermes of Egypt unveils new digital trading platform

EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched...
  • It said the new application will feature a wider range of brokerage services, a fully digitized on-boarding process, a digital payment gateway and more
  • The app now also features a digital payment integration system powered by PayTabs Egypt, enabling users to process payments simply and efficiently
Economy

Abu Dhabi gives out $2.72bn in housing loans and plots

Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased...
  • The housing package, worth a total of $2.72 billion, benefited 10,032 citizens in the Emirate of Abu Dhabi
  • The announcement coincides with the UAE's celebrations of 50th National Day, and reflects the leadership’s commitment to ensuring social stability, enhancing living standards
Business

Saudi officials seize a big haul of drugs at border

Saudi officials of the Zakat, Tax and Customs Authority (ZATCA) have seized more than 2.1 million Captagon pills at Haditha...
  • In the first attempt to smuggle in some 467,441 Captagon pills, the smuggler hid them in the cavity of one of the trucks coming through the point
  • The officials said that they have arrested 12 people in connection with the smuggling bid
Science

UAE gets its first driverless autonomous vehicle

Khalifa University has thus become the first university in the UAE to deploy an Autonomous Vehicle (AV) on campus that...
  • The driverless and 100 percent electric shuttle is the first-ever autonomous vehicles to be deployed in the UAE in a mixed traffic mode
  • The Khalifa University AV can detect and avoid potential obstacles thanks to the onboard sensors, Light Detection and Ranging, cameras, GPS etc
Geostrategy

Netherlands to help Unesco fund Lebanon media to cover polls

The Netherlands will provide support to the Lebanese media to ensure access to and delivery of reliable information for voters.
  • The project is expected to support “free, plural, and fair elections in Lebanon”
  • The funds are expected to be allocated by Unesco over the next few months
Economy

Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation

The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.
  • The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
  • The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route

IsDBI, BIBF join hands to enhance global Islamic finance expertise

MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
Business

Company News

Latest News

Saudi Arabia says it does not politicize oil or oil decisions

Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
Business

Sharjah tourism body to highlight AI, technology in tourism

Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
Economy

Opportunities await Qatari investors in Kazakhstan’s Zhambyl region

Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
  • Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
  • The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Business

OneConnect enters Abu Dhabi Global Market

Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...
  • The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
  • It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda
Business

Dubai records weeklong real estate transactions worth $1.92 billion

Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
  • A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
  • The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.