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 results driven by higher oil prices and a recovery in worldwide demand, supported by the global easing of COVID-19...

    H1 net income $47.2 billion, representing a 103 percent increase over the same period in 2020.

    The Q1 dividend of $18.8 billion was paid in the second quarter and Q2 dividend of the same amount will be paid in the third quarter.

  • The rebranding of AXA to GIG will happen in the next few months.

    At $474.75 million, the deal is the largest insurance acquisition in the region.

    The transaction expands GIG’s insurance business portfolio, bringing the Group into two new markets in Oman and Qatar.

  • The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start...

    A total of 37,537 sales transactions worth 88.12 billion dirhams were made by August end, which is 22.61 percent higher than the value of deals made in 2020.

    The entire year of 2020 had 35,401 sales transactions worth 71.87 billion dirhams.

  • Two key Dubai firms — Dubai parks operator DXB Entertainments and Dubai ports operator DP World — have de-listed from...

    Companies in MENA region, once enticed by the prospect of growth, looked to be listed on global exchanges

    However, mandates like following transparency norms are putting them off even further

  • Adnoc Drilling is the largest national drilling company in the Middle East by rig fleet size.

    Adnoc retains the right to increase the size of the offering at any time before pricing of the IPO

    It will continue to own a majority of Adnoc Drilling’s share capital after the IPO

  • The proposed merger of Emaar Properties and Emaar Malls received a boost when  the capital market regulator, Securities & Commodities...

    The proposed merger still requires shareholder approval

    As per the proposal, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

  • The two sides have not had a mutual FTA for more than 10 years now.

    South Korea and the GCC agreed to negotiate an FTA in 2007, but talks have been stalled since 2009

    Now, Korean Trade Minister Yeo Han-koo will soon meet his UAE counterpart Thani Al-Zeyoudi virtually in this regard

  • Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

    The guide will introduce the ESG universe to companies listed on the stock exchange

    It will also highlight the benefits of ESG disclosure and best practices

  • The contract is to supply AC systems to Saudi schools.

    Zamil Industries unit Zamil Air Conditioners has got the contract from Tatweer Buildings Company

    The contract is worth SAR44.1 million ($11.7 million)

  • Its board of directors has okayed a 33% hike in its capital.

    Emaar EC will now put the approval plan to shareholders' vote

    This will happen at the extraordinary general meeting to be held on September 12