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
  • The kingdom's sovereign wealth fund is critical to its economic goals as it channels returns from foreign investments into non-oil...

    The Saudi Public Investment Fund raised its US-listed stock holdings to $43.4 billion in 2021 Q3.

    The PIF is one of Lucid's most notable investors, owning approximately 62.7 percent of the company's shares.

  • Airfares to some destinations from Kuwait have dropped by 50 to 200 percent after operations at Kuwait International Airport resumed...

    Airfares on some destinations such as Turkey, Egypt, France, and Germany dropped by more than 50 percent .

    Cost of travel to the UAE, Britain, India, and the Philippines have remained high compared to the airfares before the outbreak of the Covid-19 pandemic.

  • Saudi Arabia has set up a $186.6 million worth solar panel factory in the Tabuk Industrial City to cater to...

    Spread over more than 27,000 square meters, the factory will have an estimated production capacity of 1.2 gigawatts

    The new Tabuk facility uses automated machines for its production, and employs latest international technologies in the field

  • The two EPC contracts, awarded to National Petroleum Construction Company (NPCC) and a joint venture (JV) between Técnicas Reunidas and...

    The Dalma field is part of the Ghasha Concession which is the world’s largest offshore sour gas development and an enabler of gas self-sufficiency for the UAE

    Both engineering contracts are expected to be completed in 2025 and will enable the Dalma field to produce around 340 mmscfd of natural gas

  • High fashion can be detrimental to the environment because of its large carbon footprint.

    To keep their uniqueness, high-end fashion brands routinely burn unsold products

    Fashion contributes up to 8 percent of the global carbon footprint

  • The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and...

    The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and most efficient twin-engine jet

    Key technologies enabling this efficiency are its new carbon-fibre composite wing, new engines and natural laminar flow nacelles

  • The deals were announced by the Executive Director of the Military Organizing Committee of the Dubai Airshow 2021 Major General...

    The deals were announced by Major General Staff Pilot Ishaq Saleh Al Balushi, and Lt. Col. Pilot Sarah Hamad Al-Hajari, Dubai Airshow spokesperson

    AED5,239,207,000.00 in deals were signed on the first day, AED11,284,837,000.00 on the second day, and AED4,257,401,000.00 on the third day.

  • Yahsat will support Mubadala Petroleum with satellites.

    Yahsat’s satellite-based technologies and coverage across the EMEA and Asia regions is at the center of the deal

    Mubadala Petroleum will see how these satellites can help it handle its critical operations

  • Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global...

    The platform will focused on serving markets in the Middle East, Africa and West Asia.

    In October 2019 the Emirates SkyCargo launched Emirates Delivers, an international e-commerce shipping solution

  • France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs)...

    "We are negotiating [with the UAE] an agreement on food safety that will strengthen the presence of our SMEs in the agri-food sector"

    These agreements "will help to develop our SMEs' exports to the UAE and [increasing] the establishment of our start-ups in the country"