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

Emirates NBD Group invests in sustainability startup Erguvan

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...

Business

Iran-US non-oil trade reaches US$31m in January-July 2023

TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...

Business
Business

Etihad bags maintenance contract

The contract involves Virgin Australia's Boeing 737 fleet.
  • The contract was signed during the Dubai Airshow for 30 nose-to-tail aircraft of Virgin Australia.
  • Etihad Engineering’s facility is located in Abu Dhabi and is spread over an area of 500,000 sqm.
Business

Tarjama sells stake to French firm

French fund manager Amethis has bought a minority stake in the UAE-based firm.
  • The investment, for an undisclosed amount, will fund growth “across the region's main markets”
  • Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July
Geostrategy

12 universities attend 2nd Solar Decathlon Middle East inaugurated by DEWA

Dubai Electricity and Water Authority (DEWA) has inaugurated the 2nd Solar Decathlon Middle East (SDME) in which eight teams from...
  • Eight teams from these varsities to design, build and operate solar-powered homes.
  • The teams compete in 10 contests such as architecture, engineering and building, energy management and energy efficiency.
Expo 2020 DUBAI

UAE launches The Global Tolerance Alliance at Interfaith Summit at Dubai Expo

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, expressed his faith that the Interfaith Summit will enable...
  • Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, expressed his faith that the Interfaith Summit will enable efforts for a world of tolerance and peace.
  • The festival also featured the "Tolerance and Inclusivity" session, presenting a humanitarian vision to promote the values of tolerance and coexistence
Business

OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia

The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.
  • The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers
  • OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM
Geostrategy

UAE, Russia, Kazakhstan to modernise Baikonur Cosmodrome

The pact lays down a framework to establish closer cooperation and collaboration between three countries in all space-related fields.
  • The pact lays down a framework to establish closer cooperation and collaboration between three countries in all space-related fields
  • Thee countries will work together to launch joint projects including an ambitious bid to modernize the Gagarin Start launch site
Business

Emirates Islamic lists US$500m sukuk

The five years’ benchmark issuance, rated A+ by Fitch Ratings, was priced at 2.082%.
  • The issuance will further support Emirates Islamic’s business expansion plans
  • The listing strengthens Dubai capital market's status amongst the leading Sukuk listing venues globally
Economy

UAE, Israel in talks to sign comprehensive economic pact

The announcement was made via video conferencing on Tuesday by Abdullah bin Touq Al Marri and Orna Barbivai, Israeli Minister...
  • The partnership between the two countries will reinforce their economic ties, promote trade, increase new investment opportunities for companies
  • Trade exchange between the two countries from the signing of the peace accord in September 2020 until the end of September 2021 has been around AED3.5 billion
Economy

DFM incentivizes IPOs from companies in key growth sectors

The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and...
  • The new program is in line with the efforts to strengthen Dubai’s position as global capital markets hub
  • The DFM seeks to attract companies from sectors such as Technology, Transport & Logistics, Healthcare, Pharmaceutical, Manufacturing, and Agri-Tech
Business

Dubai launches five-year multi-entry visa for MNCs

The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the...
  • The visa allows them to stay in the UAE for 90 days, with the option of extending their stay for another 90 days.
  • Between January and September 2021, Dubai received around 3.85 million international visitors.

Emirates NBD Group invests in sustainability startup Erguvan

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
Business

Company News

Latest News

Qatar wealthiest, UAE happiest in Arab world

The world's richest countries have the highest happiness scores, which probably explains why Lebanon, facing its worst-ever economic crisis, ranks...
Infographics

IMF, GCC agree Middle East reforms dialogue must continue: Georgieva

At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress...
Geostrategy

UAE takes part in G20 Finance Track in Indonesia

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Business

DP World launches GBC to support growth plans of large companies

Dubai, UAE--- DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies...
  • The GBC can provide business set-up and licensing -or large companies that wish to set up a limited liability entity or branch in Dubai.
  • A GBC licence permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise.
Economy

Number of visitors to Qatar rise by 138.3% in August

The highest number of visitors was from the GCC countries at 59 percent.
  • The highest number of visitors was from the GCC countries at 59 percent
  • As for visitors by type of port, the visitors via Air make up the highest percentage
Business

Tadawul market cap vaults

Its value is $2.8trn in the first nine months of the year.
  • The boost in the value of the exchange is despite the total value of shares traded during the first nine months falling by 21.5 percent from the previous year to $373.33 billion
  • The highest close level for the index during the period was 13,820.35 points on May 8