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

  • Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps...

    The shariah-compliant firm said its current investment plan is sector-agnostic and is now keen to partner with Indian start-ups and growth companies

    This follows its Indian investment debut in 2020 with India Growth Portfolio (IGP-I)

  • Zoomcar targets 5,000 cars in Egypt by March 2022.

    Zoomcar to launch their functioning in Egypt

    The target of Zoomcar is to have 20,000 cars in market by 2022 end

  • The Tadawul All Share Index, TASI, vaulted 0.4 percent to surge past the 11,800 point level in early trade today.

    Al Rajhi Bank rose more than 1 percent

    Etihad Etisalat (Mobily) gained 2 percent to SR30.85

  • The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of...

    UAE economy is expected to grow by 2.2 percent in 2021 and by 4.9 percent in 2022, supported by tourism, oil prices recovery and Expo 2020 activities.

    Saudi Arabia's real GDP growth fell 4.1 in 2020 and is expected to increase to 1.9 percent this year and 4.8 percent in 2022.

  • The funds will be used to develop and rollout Open Finance platform.

    The seed round was led by Jordan’s Ahli Fintech and joined by Raz Holding Group, OMQ Investments.

    The Open Finance platform aims to redesign financial services with an open API infrastructure.

  • Mobily will recycle old and discarded Ericsson devices.

    Mobily is now expected to join the Ericsson Product Take-Back Program to recycle discarded electronic devices

    The program is responsible for the disposal and recycling of electrical equipment at the end-of-life stage

  • Dubai Investments and Marjan have tied up for the project.

    The project’s design is reportedly set to offer a private enclave with waterfront views

    It is targeted at social gatherings, family unions, business meetings, or personal relaxation

  • Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...

    Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors

    Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022

  • The two countries discussed ways of enhancing educational, academic, and research cooperation.

    Saudi Arabia and the UK talked about sharing the best practices and expertise in education

    The meeting also addressed their efforts in fields of cooperation in public education, developing curricula, and the courses system for secondary education

  • More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to...

    Start-ups that successfully secured significant investments include buy-now-pay-later start-up tabby

    Sunglasses e-commerce company Eyewa, has secured AED 77 million in total funding