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
  • It will acquire Comcast's US$8.6 billion stake in Hulu.

    The acquisition will "further Disney's streaming objectives," the company said in a press release

    The deal values Hulu at $27.5 billion in total, and the transaction will be concluded by December 1

  • Chevron's Tamar gas field halt, rising global oil prices, and jeopardized gas supplies to Egypt and Jordan underscore the impact...

    Chevron's Tamar gas field halt, rising global oil prices, and jeopardized gas supplies to Egypt and Jordan underscore the impact of geopolitics on energy security.

    Achieving peace in the Middle East region is crucial, not just for the well-being of its people but also for maintaining global economic stability and energy security.

  • Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans,...

    Traffic will be reduced to 25 ships a day from Friday, down from 29, and will drop to 18 ships a day by February, the Panama Canal Authority said

    The 50-mile (80-kilometer) long waterway provides direct access between the Atlantic and Pacific oceans, bypassing the South American continent

  • Doha, Qatar -- The Qatar Ports Management Company (Mwani Qatar) announced a 39 percent increase in transshipment containers in October,...

    Mwani Qatar data released Wednesday revealed an increase in building and construction materials shipments by 21 percent.

    Vehicles and equipment shipments on the other hand increased by 8 percent to reach 6,494 units.

  • Riyadh, Saudi Arabia -- A total of 138 agreements, MoUs and deals worth more than SAR 13.3 billion ($3.54 billion)...

    More than 300 local, regional and international companies from 29 countries presented the latest healthcare innovations and technologies at the event.

    The exhibition, in its sixth edition, offered health practitioners 30-credit-hour of Continuing Medical Education (CME) programs.

  • Riyadh, Saudi Arabia -- Foreign investments in Saudi Arabia increased 4 percent year-on-year (YoY) to SAR 2.50 trillion ($666. 39...

    The foreign investment balance recorded an increase of 5 percent quarter-on-quarter, or nearly SAR 109.9 billion.

    Foreign direct investments (FDIs) represent 41 percent, or SAR 1.02 trillion, of total investments, Argaam reported.

  • The company's revenues increased by 3.3 percent to $3.64 billion.

    The company said that at constant exchange rates, consolidated revenue increased by 8 percent and consolidated EBITDA increased by 6.9 per cent.

    The number of etisalat by e& subscribers in the UAE reached 14.0 million in Q3 2023, representing an increase of 4.7 percent.

  • The company plans a $13.9bn investment in a battery plant.

    Toyota said a weaker yen and cost-cutting efforts meant it now expects annual net profit of 3.95 trillion yen, from a previous estimate of 2.58 trillion yen

    Toyota on Tuesday said it now plans a $13.9 billion investment in a battery plant in North Carolina in US, expanding a previous commitment to spend $5.9 billion

  • The Saudi bid comes one year after neighboring Qatar hosted the first World Cup in the Middle East, where the...

    The full bids for 2030 and 2034 will be evaluated by FIFA and put to a vote at two separate congress meetings

    The kingdom made the bid for the 2034 event known on October 4, as soon as the procedure had been launched

  • European clubs owned by Arabs continue to dominate the rankings, with Sheikh Mansour bin Zayed-owned Manchester City standing at the...

    Paris Saint-Germain, owned by Qatar Sports Investments, came in third with a market value of US$1.14 billion

    Newcastle United, owned by Public Investment Fund, is at 11th spot with a market value of $687.57 million