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

Arab countries account for 60 percent of global Islamic financial industry, says AMF

ABU DHABI, UAE –  Director-General and Chairman of the Board of Directors of the Arab Monetary Fund Dr Abdul Rahman...

Business

UAE-Saudi non-oil trade reaches US$159bn in 2018-22

ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by...

Business
Economy

Iran-ECO trade grows over 48% in 7 months year on year

The volume of trade with the ECO countries - Turkey, Afghanistan, the Republic of Azerbaijan, Kyrgyzstan, Kazakhstan, Pakistan, Tajikistan, Turkmenistan,...
  • Major Iranian export destinations were Turkey ($3.397 billion), Afghanistan ($1.125 billion), Pakistan ($655.154 million), and Azerbaijan ($272.958 million)
  • Iran’s export to ECO members increased by 58 percent and 60 percent compared to the figures for the previous year in terms of weight and value, respectively
Geostrategy

Iraq, Turkey discuss financial and banking relations

Governor of Central Bank of Iraq called on his Turkish counterpart, to "provide facilities to Iraqi banks in a way...
  • Governor of Central Bank of Iraq called on his Turkish counterpart to facilitate the settlement of the trade balance between the two countries
  • His Turkish counterpart said that the Central Bank of Turkey was "ready to open the doors of cooperation and facilitate banking operations between the two countries."
Business

GCC region at the heart of the future of esports: GMIS

Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to...
  • Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to 27 November at Expo 2020’s Dubai Exhibition Centre
  • Dr Khizer Kaderi, Member of the GEF Health & Wellness Commission, defined the metaverse as a confluence of physical and digital worlds
Science

B.1.1.529 is ‘variant of concern,’ as WHO names it Omicron

WHO says the new variant ‘has a large number of mutations, some of which are concerning.’
  • WHO said the Omicron strain was first reported officially by South Africa on November 24
  • However, the first known confirmed B.1.1.529 infection was from a specimen collected on November 9
Business

Masdar to build Armenia’s largest solar plant on DFBOO basis

Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant...
  • The plant will span over 500 hectares and will create a large number of direct and indirect jobs.
  • The project company will be 85 percent owned by Masdar and the rest by the Armenian National Interests Fund.
Business

UAE reviews measures to counter money laundering

Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee...
  • The UAE has been working closely with the Financial Action Task Force (FATF) to ensure the UAE’s legal, regulatory and operational standards meet global standards
  • The Committee also reviewed progress made by the UAE in recent months, set out in the UAE’s latest progress update to FATF
Business

Dubai introduces ‘electronic notary public’ after amending the law

Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...
  • The automated notary public has been introduced as part of Dubai’s smart government transformation.
  • Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.
Arts & Culture

A filmmaker who won hearts at Lebanese festival

Kuwaiti director Maysaa Al-Mumin received, Thursday, special mention for film, "J'ai Le Cafard" or Daughter of Wardan, in fifth edition...
  • Director Al-Mumin told KUNA, that this movie was one of three short movies she made centering on the experience of womanhood
  • The jury awarded the movie a special mention, commenting that it is a promising and well-balanced experience
Geostrategy

Saudi Arabia to allow expats of six countries direct entry from Dec. 1

Saudi Arabia will allow direct entry of fully vaccinated expatriates from Indonesia, Pakistan, Brazil, Vietnam, India and Egypt from December...
  • People from Indonesia, Pakistan, Brazil, Vietnam, India and Egypt need not spend 14 days in transit outside their countries before entering the kingdom.
  • They will have to spend a five-day quarantine regardless of their vaccination status.
Geostrategy

UAE general wins Interpol presidency for a 4-year term

Major General Ahmed Nasser al-Raisi of the United Arab Emirates has been elected as the new President of Interpol, according...
  • He was elected by Interpol representatives (from its 140 member states) at a meeting in Turkey on Thursday
  • The appointment makes him the first candidate from the Middle Eastern region to be elected into the position since the founding of Interpol

Arab countries account for 60 percent of global Islamic financial industry, says AMF

ABU DHABI, UAE –  Director-General and Chairman of the Board of Directors of the Arab Monetary Fund Dr Abdul Rahman...
Business

Company News

Latest News

DEWA invites proposals for work on sixth phase of solar park

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
Science

‘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...
Economy

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

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Business

Dubai to unveil METADAFZ for better metaverse experience

The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
  • The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
  • DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
Economy

Germany pledges 413.9m euros in development aid to Jordan

The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
  • The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
  • The aid also comprises 15 million euros as an additional grant for the National Water Carrier Project
Geostrategy

UAE to showcase its nuclear energy success in WANO meeting

The Barakah Plant is spearheading the decarbonization of the UAE’s power sector by generating clean electricity and forms key component...
  • The meeting is scheduled to be held in Prague, Czech Republic under the theme “One WANO – A Global Commitment to Nuclear Excellence,”
  • Due to the Barakah Nuclear Energy Plant, a major strategic energy infrastructure project, the UAE is recognized as a global nuclear energy leader.