INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.
  • Abu Dhabi’s sovereign investor Mubadala Investment Company and global commodities trader Trafigura Group will sell the Minas De Aguas Teñidas...

    The acquisition is fully funded through a combination of cash, debt and equity

    The transaction is expected to be completed by March 2022

  • The workshop was reportedly aimed at highlighting Oman’s participation in Expo 2020 Dubai through the encapsulation of the country’s civilization...

    Oman recently exempted citizens of 103 countries from visas for residency of up to 10 days to boost tourism activity

    Travel and tourism agencies and organizations from around the world are said to have welcomed the visa-free move

  • BitOasis offers over 15 digital assets to trade against the dirham.

    The Executive Office of Anti-Money Laundering and Counter Terrorism Financing — or AML/CTF — has welcomed the confirmation

    The registration is expected to help add yet another layer of security for both fintech startups and the national economy

  • The two sides also discussed facilitating new growth partnerships between the public and private sector.

    The meeting explored the potential for greater collaboration in all space-related fields between the two countries

    The two parties also looked at opportunities to strengthen ties across science, technology, engineering, and mathematics

  • PricewaterhouseCoopers (PwC) Middle East intends to build its largest headquarters in Riyadh, and hire more than 6,000 staff across the...

    PwC predicts its Saudi HQ will attract other global firms to the Kingdom

    Location will be decided in the next two years

  • The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.

    As part of the MoU, EDB will give financing guarantee coverage of up to 50 percent of the amount lent to SME customers by Emirates NBD

    This will be a maximum of AED5 million (around $1.36 million) for larger SMEs and up to AED500,000 (around $136,000) for smaller customers

  • The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.

    Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation attended the discussions for the UAE

    He spoke on the phone with Wang Yi, State Councilor and Foreign Minister of China

  • DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai...

    Dubai Competitiveness Office cited DIFC's example, which was ranked amongst the top 15 global financial centers consistently.

    Financial market ecosystem in the emirate is well-positioned to enable capital flows.

  • The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.

    The Minister of Investment of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, is on an official visit to France

    He is accompanied by a high-level Saudi delegation from government agencies, national companies, and representatives of the private sector

  • Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has...

    The telecom company’s BCA was revised from a1 to a2, and Moody’s also affirmed its A1 long-term issuer rating

    'The upgrade reflects stc's leading position in the Saudi telecom sector, which has considerable growth opportunities'