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

Agthia okays H1’23 interim dividend

The interim dividend reflects the firm’s robust balance sheet.

Business

Dubai real estate sales up despite price rise since January 2020

Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...

Business
Business

EDGE bags AED11 bn contract to service UAE Air Force

For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD...
  • For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness
  • The agreement reinforces GAL’s position as one of the Middle East’s leading providers of aviation MRO services and will also streamline AFAD’s processes
Business

MAWANI signs MoU to build cruise terminal at Dammam port

The Saudi Ports Authority (MAWANI) has signed an agreement with Cruise Saudi and Globe Group to build a new cruise...
  • New terminal expected to boost the kingdom's tourism sector along the coastlines.
  • The agreement with Cruise Saudi and Globe Group elevates Saudi Arabia’s position as a leader in the cruise industry, said President MAWANI.
Business

Tawazun, Airbus to establish new Abu Dhabi subsidiary

The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace...
  • The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies
  • According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems etc
Business

L’Oréal Middle East taps Accenture

Accenture will help L'Oréal Middle East improve its consumer experience.
  • Accenture Interactive is expected to use its expertise in data-driven marketing transformation for L'Oréal Middle East
  • This, L'Oréal said, will help it develop a more precise and connected approach to increase consumer engagement in the GCC region
Business

ADGM meet promises development

This was the first meeting of ADGM’s new Board of Directors.
  • The board members reiterated their commitment to progressing ADGM’s growth journey, and strengthening the financial sector
  • They said they were also looking to attract global companies and investments, and develop a business environment underpinned by innovation
Business

Abu Dhabi adds 11 new activities to list of Freelance Professional License

The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.
  • To obtain the license, the applicant must have a minimum of three years of experience in the specific field or industry
  • Alternatively, they are expected to have earned an academic or professional achievement in that field
Economy

‘Make it in the Emirates Lab’ launched with focus on SMEs

The program is the second public-private initiative by MoIAT following the Future of Industry Dialogue initiative, a series of interactive...
  • MoIAT kicked off the Access SMEs program within the wider Make it in the Emirates Lab in collaboration with Procter and Gamble
  • The training will also be available to select national students to further support and encourage their contribution to the industrial sector upon graduation
Economy

Saudi Arabia unveils first non-profit city in the world

“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin...
  • The city is billed to be a model for the development of the non-profit sector globally and an incubator for youth and volunteer groups
  • The city's masterplan embodies a human-centered, advanced digital metropolis designed to be sustainable and pedestrian-friendly
Geostrategy

UAE, Greece, Cyprus foreign ministers hold tripartite meeting

The three leaders also reviewed issues of common interest, the situation in the region, along with regional and international developments.
  • The three leaders also reviewed issues of common interest, the situation in the region, along with regional and international developments.
  • The foreign ministers of Cyprus and Greece highlighted the importance of this tripartite meeting and its role in promoting frameworks of joint cooperation with the UAE
Geostrategy

Dubai Airshow: UAE MoD signs deals worth AED 5bn

The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the...
  • The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command
  • One contract was signed d with the French company, Thales, to purchase communication systems for the Air Force and Air Defense

Agthia okays H1’23 interim dividend

The interim dividend reflects the firm’s robust balance sheet.
Business

Company News

Latest News

Saudi Arabia holds GCC meeting to boost economic ties

Saudi Arabia hosted a meeting of the GCC Financial and Economic Cooperation Committee to broaden economic cooperation among the GCC...
Economy

IMF likely to open regional office in Saudi Arabia

IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
Economy

UAE and Italy to widen trade and economic ties

The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Saudi banks provide $630 billion loans till August 2022

Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 15 percent  by the end of...
  • Private-sector lending also increased by 15 percent year-on-year to SAR 2.241 trillion ($600 billion).
  • Loans granted to public non-financial institutions increased 26 percent YoY to SAR 117.1 billion ($31.14 billion).
Arts & Culture

Cultural policy vital for diversified economy, says UAE Minister

UAE Ministry of Culture and Youth participated in the UNESCO World Conference on Cultural Policies and Sustainable Development – MONDIACULT...
  • UAE Minister of Culture and Youth Noura bint Mohammed Al Kaabi participated in a UNESCO world conference in Mexico via video conference.
  • A delegation headed by Salem Al Qasimi, Permanent Delegate of the UAE to UNESCO, was present on the occasion.
Business

UAE-China non-oil trade exceeds $470bn in past decade

Abu Dhabi, UAE - The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021,...
  • The trade increased by 78.5 percent from 2012 to 2021 to $60.85 billion by the end of 2021 compared to $34 billion in 2012.
  • FCSC also showed that the non-oil trade exchange between the two in the first half of 2022 totaled AED118.4 billion $32.24 billion.