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

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...

Business

ICIEC, SAPICO ink pact

Pact to enhance commercial activities between the two.

Business
Geostrategy

Royal Saudi Land Forces take part in Gulf Shooting 2021 drill

The commander of the drill, Colonel Nayef bin Al-Humaidi, said that this drill comes with the aim of strengthening military...
  • The commander of the drill, Colonel Nayef bin Al-Humaidi, said that this drill comes with the aim of strengthening military relations
  • It will also cover procedures for commanding forces and responding quickly to emergency situations for joint ground operations
Business

Waha Capital reports AED 297mn profit

Net profit for the third quarter stood at AED 32 million.
  • The company also maintained an efficient operating model, with a cost to income ratio of 24.5 percent for the trailing twelve months
  • The Private Investments business produced a net income of AED 1 million, with the global pandemic and market volatility impacting certain sectors within the portfolio
Business

Colombia starts business forum at Expo 2020

The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020...
  • The Matchmaking Forum is being hosted by ProColombia from November 7 to 11
  • This event is expected to help companies and investors explore business partnerships
Business

Dubai arbitration center board gets ruler nod

Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading...
  • Dubai ruler Sheikh Mohammed in September ordered the formation of the DIAC
  • It saw the merger of the Emirates Maritime Arbitration Center and the Dubai International Financial Center Arbitration Institute
Economy

Abu Dhabi Chamber discusses partnerships with Azerbaijan official

Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.
  • Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
  • The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Infographics

Here’s how much Lebanon depends on GCC

The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...
  • Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
  • It has already received assurance of electricity supply from Jordan via infrastructure in Syria
Business

UAE enters into cooperation with Indonesian sovereign fund

The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former...
  • The investment framework agreement was signed with the Abu Dhabi Growth Fund
  • It made a $10-billion investment in the Indonesian sovereign wealth fund in March, according to a statement on Saturday by the Indonesian Investment Authority
Business

MEASA’s biggest food processing and packaging show opens in Dubai

Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA),...
  • The event will run for three days and address the sector’s sustainable packaging, automation, and F&B supply chain issues.
  • UAE’s trade in food commodities contributed more than seven percent of the country's GDP for 2020.
Business

Abdulmohsen Alhokair of KSA reports 17.8% jump in net losses

Abdulmohsen Alhokair, the Saudi entertainment group, has reported an increase in net losses by 17.8 percent during the first 9...
  • Net losses increased to SR123.87 million in the first 9 months of 2021 from SR105.15 million during the same period of the last year
  • The group’s net profit for the third quarter in 2021 has increased by 106 percent
Business

Bahrain eyes 14m tourists a year by 2026

Under the new 2022-2026 tourism strategy, the country also aims at an average daily visitor spend of 74.8 Bahraini dinars...
  • The kingdom also aims at 11.4 percent of GDP to come from the tourism sector by 2026.
  • Developing marine attractions, business tourism, sports tourism, recreational tourism and medical tourism among targets.

Global space economy is worth billions, say experts

ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
Business

Company News

Latest News

‘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...
Geostrategy

Four new Saudi fintech firms to work under legislative pilot environment

Riyadh, Saudi Arabia---The Central Bank of Saudi Arabia has authorized four new financial technology companies to work under the umbrella...
Business

UAE, Tanzania sign pact to avoid double taxation

UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Geostrategy

Dubai fifth globally in UN digital city governance survey 2022

Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...
  • The latest Local Online Service Index assessed digital governments in major cities across 193 countries.
  • Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.
Business

DMCC holds events in Miami and New York to attract US companies

Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...
  • DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$23 billion in 2021.
  • The Centre home to more than a third of the approximately 1,500 US businesses in the UAE.
Economy

UAE to develop international maritime network

The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".
  • The initiative supports the Ministry of Energy and Infrastructure efforts to enhance the position of the UAE’s maritime sector globally.
  • The maritime network will be a knowledge hub for global stakeholders on investment opportunities in the UAE’s maritime industry.