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 drugmaker will complete its US$43bn buyout this week.

    Pfizer Chief Executive Albert Bourla said the buyout of Seagen is "good for patients in the battle against cancer"

    Based in Washington state, Seagen came to major drugmakers' attention with its work on antibody-drug conjugates

  • Dubai, UAE--Expo City Dubai and Universal Materials Incubator (UMI), a Japanese venture capital firm, have teamed up to identify and...

    With the signing of the agreement, the two sides consolidated their partnership in innovation, economic growth and sustainable development

    By joining forces, they will facilitate and host networking events, workshops and specialised training programmes to help startups scale and grow

  • Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...

    Along with the CBUAE, Barclays Bank joined the AFAQ system, becoming the first financial institution operating in the UAE to achieve this step and begin using the system’s services

    To date, the Central Bank of Bahrain, the Saudi Central Bank, and the Central Bank of Kuwait have joined "AFAQ", in addition to a number of commercial banks from these countries

  • DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...

    Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.

    The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.

  • Gas & Oil is one of the largest retail and storage firms in Pakistan.

    This is Aramco's first entry into the Pakistani fuels retail market, advancing the company’s strategy to strengthen its downstream value chain internationally, the company said.

    This transaction would enable Aramco to secure additional outlets for its refined products and further provide new market opportunities for Valvoline-branded lubricants

  • The partnership will utilize low-cost indoor farming solution.

    The facility will be co-located within livestock farms to localize animal feed in Al Ain, UAE.

    The facility will be using 95 percent less water per kilogram versus traditional farming means.

  • The dividend of $1.27 billion is payable on Mar 4, 2024.

    SABIC has announced full-year dividend of SAR 10.2 billion or 34 percent (SAR 3.4 a share) of its current capital of SAR 30 billion.

    The company had posted a net loss of SAR 1.04 billion ($277 million) in the first nine months of 2023, against a net profit of SAR 16.24 billion a year earlier.

  • The IPO witnesses demand of over AED 265bn ($72.15bn).

    The offering will generate gross proceeds of AED 3.62 billion for the company. On listing, the company’s market capitalization is expected to reach AED 36.2 billion.

    Listing and trading commencement of PureHealth’s shares on ADX are expected to take place on 20 December 2023.

  • The alliance comes as workers and governments are fretting over the potential repercussions of AI on work, with fears that...

    Microsoft will train labor leaders and workers on how artificial intelligence works

    The labor group and the tech giant will also collaborate on how to shape public policy

  • Jordan's culture ministry, Gharaibeh's organization is working to add the trees to the UNESCO Intangible World Heritage List, hoping this...

    Jordan has 11 million olive trees in groves that make up 20 percent of all cultivated land in the country

    They produce 50,000 tons of olives and 25,000 tons of olive oil annually, contributing $169 million to the economy