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 $86m project will be AMEA's first operational asset in Tunisia.

    The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and wholly owned by AMEA Power.

    The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB).

  • Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according...

    Evergrande stocks in Hong Kong fell precipitously on Wednesday afternoon following a moderate rise in morning trading, closing the day 19 percent down

    Chinese property developer Evergrande's enormous debt has contributed to the country's deepening property sector crisis, raising fears of a global spillover

  • The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year...

    OpenAI this week said it is adding voice and image capabilities to the platform, which was previously limited to written prompts

    Voice and image capabilities are being rolled out to ChatGPT Plus and Enterprise users over the course of the coming weeks

  • According to the country's economy minister, around 1.5 million acres of public land -- nearly the size of Kuwait --...

    It hopes to harness green hydrogen -- the kind made without burning fossil fuels -- for its sizeable fertilizer sector

    Hydrogen is seen as a clean energy source that can help the world reduce atmospheric carbon emissions

  • Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister...

    The Iranian minister said that a long-term contract to operationalize Chabahar Port will be signed with India in the near future

    He said that in order to develop the country's transit, it is important to develop north-south corridors with a rail connection

  • It invested the money to be a big supply chain player.

    DP World's CEO, Sultan Ahmed bin Sulayem, made the remarks during the 21st Arab Media Forum in Dubai, at a session titled ‘Trade in a Changing World’

    He said the company made the switch from operating ports to becoming a global leader in smart end-to-end supply chain logistics, facilitating worldwide trade flows

  • RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...

    The bilateral pact allows Chinese citizens to travel to Saudi Arabia in group tours in addition to facilitating greater ease of access.

    ADS will drive greater connectivity between Saudi Arabia and China and unlock new opportunities across the tourism ecosystem.

  • It did not give a timetable for the move or how much it hoped to raise.

    Alibaba announced in March it was dividing itself into six entities, with the goal of listing them separately, along with the replacement of CEO Daniel Zhang.

    Zhang, who was initially supposed to take charge of the firm's new cloud computing branch in September after stepping down, left just as he was supposed to take up his new post.

  • Dubai, UAE - UAE and China explored opportunities for the two countries to cooperate and exchange experiences in areas related...

    They also discussed the role that joint efforts play in promoting growth and encouraging entrepreneurship.

    The two sides presented their respective plans for developing priority business sectors.

  • QatarEnergy will supply naphtha to Marubeni for 10 years.

    This pact builds on the five-year Naphtha sales agreement signed in 2018 between QatarEnergy and Marubeni Corporation.

    Japan-based Marubeni Corporation is the largest petrochemical feedstock trading entity and aggregator in Asia.