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
  • London, United Kingdom -- The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock...

    Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday facing seven counts of fraud.

    FTX, once the world's second-biggest crypto exchange, collapsed last November amid accusations that client money was being funneled to prop up its investment arm Alameda.

  • Doha, Qatar -- The main building of Expo 2023 in Doha has made it to the Guinness World Records for...

    The roof of the building, implemented by Qatar's Public Works Authority (Ashghal), has an area of 4,031 square meters.

    The new global achievement is the sixth world record achieved by Qatar's Public Works Authority in the previous years.

  • RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...

    SEDRA phase three will add 3,438 more houses to ROSHN’s first integrated development; 1,904 units are for sale in this initial sales tranche.

    SEDRA 3 offers prospective residents eight options of floor plans and eleven facades, in single- or multi-family configurations,

  • The sports car maker posted gains one year after its IPO.

    In the first half of 2023, Porsche posted significant gains in group sales revenue, group operating profit and deliveries

    The sports car maker, after going public, set up individual partnerships in the field of software with Apple and Mobileye

  • The company launched AI-infused chatbots with personalities at the gathering, along with tools for creating images or written content using...

    "The majority of the world's population will have their first experience of generative AI with us," said Andrew Bosworth

    Bosworth was adamant that Meta is not behind, enhancing its global platforms with AI since before ChatGPT was launched

  • Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...

    The executive director of the Old Doha Port said the objective of the participation in the show was to put the port on the global map

    The port officials showcased a model to streamline visiting yachts through a mechanism of entry and exit from Qatar

  • The kingdom's finance ministry estimated expenditures for 2024 to be at US$333.5 billion. According to the ministry, the projection is...

    The kingdom's finance minister said that the government will continue implementing fiscal and economic structural reforms

    The minister also noted the important role of the PIF and development funds that enhance the growth of non-oil GDP

  • PARIS, FRANCE - A new roadmap to reduce the environmental risks from chemicals and waste was adopted at a United Nations...

    The plan sets out 28 concrete targets and guidelines for key sectors across the entire lifecycle of chemicals, from production to waste.

    It calls for a transition to more sustainable chemical alternatives, responsible management of chemicals in industry, agriculture and healthcare.

  • MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...

    The expansion of available funds will be further leveraged by mobilizing private and domestic capital required to tackle the climate crisis.

    The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries facing unexpected crises.

  • WASHINGTON, US - The United States is heading toward a government shutdown this weekend with no foreseeable way out of a...

    Sharp disagreements in the Republican Party has prevented passage of the bills needed to keep the government funded and open.

    The credit ratings agency Moody's warned this week that a shutdown would be "credit negative" for US sovereign debt.