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

  • Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting...

    Saudi lenders increased their loan books by a net 13.1 percent from the previous three months

    Average return on equity was 11.0 percent

  • EGA plans to have women in 25% of its supervisory roles.

    Two members of EGA’s Executive Committee are women

    EGA also employs more than 400 women around the world

  • To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a...

    Surfing takes on a unique characteristic in the bay, as, in order for people to safely enjoy the sport, they are required to be highly skilled in terms of guiding the board

    Boat and jet ski competitions are also held throughout the year, and many resorts and hotels are found along the 11-km-long bay

  • In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project"...

    The value of the endeavor amounted to more than $9.52mln for the land exceeding 281,000 sqm in a privileged location in the Alshatei district

    The Arjuwan Red Sea Project is one of the most promising and ambitious real estate projects in Jeddah

  • Four and five-star hotels in Oman may open meeting and celebration halls, but must follow certain restrictions.

    Celebration and meeting halls in top hotels can function with a maximum of 35 percent capacity

    The hotels would have to allow entry to only those fully immunized with vaccines approved Oman

  • Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.

    As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil

    In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil

  • Finance Minister Avigdor Liberman said the Treasury had transferred the amount to the public hospitals.

    Staff and administrators at these hospitals have been protesting against the government’s failure to provide adequate healthcare funding

    Since Wednesday morning, several public hospitals in Jerusalem have not been admitting patients from brought by the emergency services

  • The country has kept its position as the 10th largest producer of steel in the world this year.

    The performance of some leading Iranian steel companies indicates they exported 916,236 tons of steel in June

    This which indicates a growth of 104 percent compared to June 2020

  • DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai...

    The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid.

    Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million.

  • The wallet, Novi, would let users store cryptocurrencies.

    Facebook said in 2019 it planned to introduce a cryptocurrency called Libra, which changed its name to Diem in 2020 after facing regulatory resistance.

    Company says it would have preferred to release Novi alongside Diem, but the latter's timing was uncertain.