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

Qatar launches ‘Istamer’ platform to employ retirees in private sector

DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...

Russian defense minister says Moscow-Tehran ties improving despite sanctions

MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...

Kuwait MP Hamad Al-Matar elected Inter-Parliamentary Union panel’s member

Kuwaiti MP Dr Hamad Al-Matar has been elected as a member of the Inter-Parliamentary Union (IPU)'s Committee on Sustainable Development,...
  • Al-Matar would be one of 18 members of IPU's Committee on Sustainable Development from across the world.
  • Arab parliamentarians elected Al-Matar at a meeting that discussed the Palestine question also.

Dubai and Abu Dhabi to vie for Gulf Capital’s offering

Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the...
  • Gulf Capital bets on growth in Asia to outperform US and European markets
  • The UAE-based institution manages more than $2.5 billion worth of assets

Arrival of a ship carrying 1,200 passengers marks start of Dubai’s cruise season

The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season...
  • The arrival of 252-meter-long cruise ship AIDAbella also marks the official debut of the region’s largest Dubai Harbour Cruise Terminal.
  • Dubai’s 2021-2022 season, which commenced in October, is expected to welcome 126 ship calls and over 500,000 cruise visitors.

UAE and Italy to scale up collaboration in bio-sciences

The UAE and Italy can join forces to lead the world through the "structural shift" underway in the biomedical sciences...
  • "There is ample scope to work together in new areas, such as biomedical technology"
  • UAE was able to respond to 80% of the global and regional demand for medical supplies and aid by distributing more than two billion doses of COVID-19 vaccines

Sharjah and France to boost cooperation in cultural tourism, creative industries

Sharjah and France have discussed ways to strengthen collaboration between Sharjah and French cities, particularly in cultural tourism and the...
  • Sharjah keen on exploring potential opportunities with French cities, says Sheikh Fahim Al Qasimi, Chairman Sharjah’s DGR.
  • France’s support for the development of art, literature and culture is exemplary, Al Qasimi said.

MSCI includes Waha Capital

The company has been added to key UAE and global small-cap indices.
  • The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors
  • MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange traded funds (ETFs)

Qatar wins most votes to be a member of WHC

Qatar was elected as a member of the World Heritage Committee for four years, after securing 114 votes during the...
  • Qatar received the highest number of votes among the candidate countries for the open seats, with 114 votes, followed by Belgium with 103 votes
  • Permanent Representative of Qatar to UNESCO Dr. Nasser bin Hamad Al Hanzab affirmed Qatar's pride in joining the World Heritage Committee

193 countries adopt first global pact on Artificial Intelligence ethics

All member nations of UNESCO adopted on Thursday a historical text that defines the common values and principles needed to...
  • The Recommendation on Ethics of AI sets the first global normative framework while giving countries the responsibility to apply it at their level.
  • Until the pact, there were no universal safeguards against ethnic bias, privacy threats, dangers of mass surveillance: UNESCO.

Ahmed Al Jarwan elected president of Paris Peace Forum

Al Jarwan was elected by a unanimous vote during a meeting held in Paris.
  • Al Jarwan was elected by a unanimous vote during a meeting held in Paris
  • The forum has been a key international platform for promoting peace and tolerance

Dubai sees $1.9b weeklong real-estate transactions

The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.
  • A total of 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the week
  • Also, 1,684 apartments and villas were sold in the same timeframe, for AED 3.83 billion ($1.04 billion)

Qatar launches ‘Istamer’ platform to employ retirees in private sector

DOHA, QATAR -  The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...

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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...

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.

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Delegations from France, Italy visit Expo Center Sharjah

Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...
  • The meetings were held on the sidelines of the 50th edition of the Watch & Jewelry Middle East Show.
  • The delegations toured the exhibition and looked into ways to work with the center.

UAE, Egypt discuss cooperation in defense industries

A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.
  • The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
  • They discussed promoting partnerships between the defense industry of the two countries.

Nykaa enters into a strategic alliance with Middle East-based Apparel group

Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty...
  • Nykaa will leverage the Apparel Group’s retail infrastructure network to build GCC focused beauty offerings
  • Founded by Falguni Nayar in 2012, Nykaa disrupted the Indian beauty market with its content to commerce expertise