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

EIH acquires stake in 9Yards Comm

The acquisition aims to broaden EIH's investment portfolio.

Business

BRICS, SCO membership to reduce West’s sanctions effect, says Iran

"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...

Geostrategy
Business

39% of Sub-Saharan Africa firms lack anti-bribery controls: survey

The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.
  • The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
  • More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Geostrategy

Kuwaiti government resigns to end deadlock, dissidents pardoned

Several opposition MPs have demanded to question the premier on a variety of issues but a motion passed in March...
  • Several opposition MPs have demanded to question the premier on a variety of issues but a motion passed in March had given him immunity from questioning until the end of 2022
  • The feud has paralyzed legislative work and made it harder to boost state finances and enact measures like the debt law needed to tap global markets
Economy

RAK Finance Deptt signs Joint Strategic Charter with counterparts in other emirates

The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional...
  • The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional performance
  • The charter will strengthen mechanisms for monitoring trends in the development of financial performance by designing a unified scorecard to track a set of indicators and standards
Arts & Culture

Global Town festival showcases diverse cultures

The festival dispensed cultural knowledge through visual experiences and services.
  • The Ethiopian Corner depicted the country’s ancient culture, the origin and distinct aroma of the Ethiopian coffee
  • It also showed and how it is extracted and made, even as visitors tasted it and witnessed the making process
Economy

Dubai’s transport infrastructure projects saved AED220 billion: RTA

This was revealed by the Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA)...
  • In contrast, the total investment in the improvement of roads and transport was AED140 billion
  • The UAE has been ranked No. 1 in Road Quality Worldwide for 5 years in a row
Geostrategy

Iran, Oman discuss ways to promote private sector and medical tourism

Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...
  • The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
  • Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
Geostrategy

Shoukry and Blinken open Egypt-US Strategic Dialogue

Egyptian Foreign Minister Sameh Shoukry and US Secretary of State Antony J. Blinken opened the U.S.-Egypt Strategic Dialogue, the first...
  • The two welcomed the opportunity to deepen the strong partnership between the United States and Egypt
  • Secretary Blinken also expressed appreciation for Egypt’s role in supporting regional stability, including its continued work to de-escalate tensions in Gaza
Geostrategy

Hosting Expo 2030 in Riyadh opportunity to learn from Saudi experience: OIC

The Organisation of Islamic Cooperation (OIC) has supported Saudi Arabia's bid to host Expo 2030 in Riyadh. The OIC is...
  • OIC General Secretary Expo in Saudi will be akin to the 'coronation' of the kingdom's transformative efforts.
  • Saudi Arabia has proposed “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
Geostrategy

Lebanon keen to restore relations with Arabs: President Aoun

Lebanese President Michel Aoun has said that his country is keen to establish good relations with the Arab countries, especially...
  • The President stressed the necessity of separating stances of the Lebanese state from what was issued by individuals or groups
  • He assured that what recently happened between Lebanon and Saudi Arabia must be addressed "through sincere dialogue based on the foundations of Arab brotherhood
Geostrategy

UAE’s Zayed University and Israel’s Haifa University sign cooperation pact

Zayed University of UAE and Haifa University of Israel have signed an MoU for cooperation on projects promoting research, education,...
  • The varsities agreed to have joint-research projects besides organizing mutually beneficial events, colloquia, seminars and conferences.
  • The pact is in line with UAE's strategy to develop partnerships between academic institutions.

EIH acquires stake in 9Yards Comm

The acquisition aims to broaden EIH's investment portfolio.
Business

Company News

Latest News

Qatar hopes to make US$17bn in profit from World Cup

The 2022 World Cup may prove to be a big windfall for Qatar as it hopes to make some $17...
Business

IsDB, Jordan sign two pacts to support food security, tourism sector

Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the...
Economy

Saudi Arabia, China explore trade, investments opportunities

The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

UAE tops Arab countries in WIPO’s Global Innovation Index 2022

The UAE also ranked 18th globally on the GII's Innovation Input Sub-Index, five ranks higher than 2021.
  • The country also ranked 18th globally on the GII's Innovation Input Sub-Index, five ranks higher than 2021
  • It ranked 6th globally in the Institutions indicator, as compared to 24th last year, 7th in the Infrastructure indicator, as compared to 14th in 2021
Business

Specialized sessions on Metaverse opportunities held in Dubai

As many as seven side sessions were held on the first of the two-day specialized sessions on Metaverse.
  • The first day's sessions discussed methods of an economically viable, inclusive and safe metaverse, focusing on governance, and economic and social value creation.
  • The first day of the Dubai Metaverse Assembly also included live demonstrations in web 3.0 and the metaverse introduced by SIAPartners.
Geostrategy

‘Agri-tech, innovation key in improving farmers’ livelihoods’

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...
  • Innovation and agri-tech has helped UAE to support smallholder farmers and enhance their contribution to food security.
  • innovative agricultural methods are the building blocks of sustainable food systems, says UAE minister.