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 European Union has built a powerful armory to challenge the power of big tech with its landmark Digital Services Act...

    The European Commission said it had sent formal requests for information to Meta and TikTok in what is a first procedure launched under the EU's new law on digital content.

    Meta and TikTok have until October 25 to respond, with a deadline of November 8 for less urgent aspects of the demand for information.

  • The company was approved by the Saudi Central Bank.

    With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.

    The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.

  • Riyadh, Saudi Arabia -- The tragic developments in Gaza won't have a huge impact on the overall outcome of the...

    Richard Attias. brushed aside the fears of slowdown in investment in the region due to the ongoing Israel-Palestinian conflict.

    He said that most investors take a long-term view, so the ongoing war won't have big impact on the overall investment climate.

  • This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women...

    In the financial sector, diverse teams enhance decision-making and performance, yet women occupy just 10% of CEO roles in Fortune 500 companies

    Emirati women constitute 31% of the UAE's finance sector workforce, underscoring the crucial role of mentorship and role models in advancing their careers.

  • RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing...

    The pact encompasses cooperation and the exchange of best practices and experiences in metrology, calibration and safety of consumer products.

    The MoU includes provisions for training, capacity building and collaboration in the development of infrastructure for standards and quality.

  • This is the real estate giant's first office in the UAE.

    This follows signing of agreements and MoUs worth $50.7 billion between UAE President Sheikh Mohammed bin Zayed Al Nahyan and his Turkish counterpart Recep Tayyip Erdoğan in July.

    Atış Yapı said it is set to develop a modern and competitive portfolio of residential and commercial projects in the UAE.

  • The bank reported total revenue of $5.6 billion.

    The bank reported total revenue of $5.6 billion, marking a 38% year-on-year growth

    The return on tangible equity improved to 18.3%, with Group CET1 reaching 14.2% as of September 2023

  • Riyadh, Saudi Arabia -- Saudi Arabia’s economy is expected to grow by 3.2 percent on average between 2023 and 2026,...

    The National Debt Management Center quoted the agency's forecasts that the non-oil sector will be strong in the coming year.

    The Saudi government, according to Moody's, is making progress in implementing its comprehensive reform program.

  • It entered into seven solar, hydrogen agreements in China.

    It signed the agreements, in solar energy, green hydrogen and water desalination, with Chinese firms during the third Belt and Road Forum held in Beijing

    Chairman of ACWA Power said the agreements further advance the company's common interest of developing projects that support positive climate ambitions.

  • It took the decision after posting a drop in Q3 profits.

    The company, according to its CEO, saw saw an increased impact in Q3 on business from the macroeconomic challenges

    Its savings program is expected to reduce the firm's employees to 72,000, reducing costs by up to $1.14 billion by 2026