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

  • A consortium will hold the Arena shares in a 70:30 ratio.

    Arena Events Group is a London Stock Exchange-listed events services business.

    According to the terms offered, Arena shareholders will receive 21 pence in cash for each share.

  • The UAE was among the first countries to return to normalcy after the pandemic and is currently hosting Expo 2020...

    RAK Properties investments reach AED15 billion, engaged in several real estate sectors.

    Expo 2020 will especially have a major impact on tourism and real estate sectors, Al Tair said.

  • The gross volume growth was mainly driven by Asia Pacific, India, Australia, and the MENA region.

    In Q3, DP World handled 19.8 million TEU, up 8.1 percent year-on-year basis.

    The near-term outlook remains positive, but the company expects growth rates to be moderate in the final quarter, said CEO Ahmad Bin Sulayem.

  • The Saudi-Swiss Investment Forum aims to touch $3.2bn of financing by 2030. The body, launched on 25 October in Riyadh,...

    Khalid Al-Falih, minister of investment, said the country’s plan is to make Saudi Arabia the most important export destination for Swiss companies

    He added that kingdom’s investment strategy has several key aims it plans to reach by 2030, including doubling annual domestic investment to 9 percent of gross domestic product

  • The $1.7bn listing strengthens its position as the largest Sukuk issuer on the bourse.

    The listing strengthens the IsDB’s position as the largest supranational Sukuk issuer on Nasdaq Dubai with a total value of $18.8 billion

    The bell-ringing ceremony was attended by Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of the Dubai Financial Market (DFM)

  • Qatar FinTech Hub was launched by Qatar Development Bank (QDB) with the support of Qatar Central Bank (QCB) to develop...

    The Wave 3 of the program will run until Dec. 2021. QFTH will provide training and mentoring services.

    The six mature FinTechs that have joined the Accelerator program are based in India, Sudan, Malaysia and Indonesia.

  • The UAE’s Al Etihad Credit Bureau has joined hands with online financial aggregator Policybazaar UAE to implement real-time eligibility checks...

    The three-digit AECB credit score indicates how likely customers are to fulfill their payment obligations on time based on their past behavior

    Maintaining a good credit history allows customers to avoid higher interest rates and credit refusals

  • The project will be developed on an area of 1 million sqm while fully respecting and preserving the topography and...

    The project will be developed on an area of 1 million sqm while fully respecting and preserving the topography and unique environmental features of Taif

    It will offer premium residential units ranging from apartments, villas, and townhouses in addition to a variety of commercial facilities and amenities

  • ODL uses XRP for instant, low-cost cross-border payments.

    ODL is the process of buying and selling XRP in originating and destination countries

    XRP is the native cryptocurrency of products developed by Ripple’s creator Ripple Labs

  • The contracts pertain to managing the King Fahd Causeway.

    Safari has been awarded all three facilities management packages by the King Fahd Causeway Authority

    According to the five-year contract, Safari will provide over 500 staff to maintain and enhance the aesthetics and functionality of the causeway