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
  • Alcogal created offshore shell companies to hide money in tax havens for politicians and public figures. They included "some accused...

    Nearly two million of the 11.9 million leaked documents associated with the Pandora Papers came from Alcogal.

    The firm rejected accusations, saying it was considering legal action to defend its reputation.

  • The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts,...

    The three-day event will host 35 speakers and over 700 delegates from more than 50 countries.

    Held since 2013, the symposium is one of the most significant aviation security events in the region and one of the biggest globally.

  • Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.

    IHC has entered into a strategic partnership with ADQ to sell a 50% stake in its subsidiary

    Eltizam offers an integrated suite of strategic management and real estate services

  • Announced in the early 1980s, the project for a refinery in southern Libya had been put on hold for years...

    An annual income of $75 million is expected from the project, said state oil company head Mustafa Sanalla.

    The refinery will be built near Al-Charara oil field, which produces an average of 300,000 barrels of oil a day.

  • The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold...

    These meetings built on earlier meetings held with other key partners, including Saudi Arabia, the Gulf Cooperation Council (GCC), the European Commission (EC), and Russia

    Evidence of the UAE’s recent efforts was demonstrated throughout the meetings

  • Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim...

       Riyadh North project will house over 600 retail stores, nine hotels and branded residences, as well as the flagship Mall of Saudi

    It will also feature an indoor ski slope and snow park

  • With $126 billion in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling...

    The pandemic has forced airlines to lay off staff and seek government bailouts

    2020 was the worst year on record for the struggling sector

  • DUBAI: France celebrated its 'Expo 2020 National Day' with celebrations in the skies and across ten locations, with the main activities...

    The official ceremony took place at Al Wasl Plaza in the presence of France Minister of Europe and Foreign Affairs Jean-Yves Le Drian.

    The 'National Day' celebrations took place across ten locations.

  • Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying...

    "This year we can see a strong increase in bilateral trade that reached US$1.8 billion in the first eight months [until August

    the Brazil-UAE bilateral trade in 2018 stood at US$2.6 billion, which went up to US$2.81 billion in 2019

  • Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a...

    This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse

    The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company”