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
  • Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...

    The GACA has released its monthly classification index for air transport service providers, based on the number of complaints filed by travelers to GACA during July 2023

    Flynas followed with 29 complaints per 100,000 travelers and a resolution rate of 98 percent, while Flyadeal had 167 complaints per 100,000 travelers

  • Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of...

    The airport operator said it expected demand to soar during the winter season, setting a new record

    Dubai airport in 2020 received only 25.9 million passengers, down from the 86 million the previous year.

  • Nairobi, Kenya--African Civil Aviation Commission (AFCAC) and Qatar have signed a partnership agreement to strengthen cooperation in the aviation field....

    Mohamed Faleh Al Hajri, in charge of Civil Aviation Authority, represented Qatar at the 8th Africa and Indian Ocean (AFI) Aviation Week, holding bilateral meetings

    He highlighted Qatar Airways' role in connecting Africa with the world, saying that the national carrier operates more than 185 flights per week, linking Africa with Qatar

  • "Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance...

    Six major UAE banks have dedicated over US$51.8 billion in green financing for renewable energy, waste-to-energy, and green technology projects

    UBF members will play a critical role in integrating environmental values into business and industrial progress during the upcoming COP28, says its chief

  • Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and...

    Hit by the low performance of the banking and financial service index, which fell 0.152%, Abu Dhabi's Index FADGI closed 0.248% down at 9,776.340 points

    Among the best performers were the Union Properties Company, closing 6.960% higher at AED0.415, followed by the Emirates Reem Investments, closing at AED4.280

  • Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region,...

    The music and audio sector in the MENA region is projected to reach $700 million by 2026

    Anghami boasts 120 million registered users, up from its 75 million users in 2021

  • Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has revealed that its total foreign assets increased to...

    According to the apex bank, foreign securities were down to $45 billion from $46.56 billion at the end of June,, with other foreign assets up to $17.27 billion

    The monetary base, according to the CBUAE, grew by 0.1%, climbing from $169.20 billion at the end of May 2023 to $169.42 billion at the end of June 2023

  • Aim is administration of Employee Money Purchase schemes.

    OIWSS has established a partnership with Intertrust Group.

    OIWSS will be the trustee and the operator of this scheme

  • The merger is expected to be completed by the end of Oct.

    The Competition and Markets Authority last month gave its provisional approval to the deal announced in May 2022.

    The CMA found that restricting product interoperability would cause the merged company greater financial losses than gains.

  • It claimed $600,000 prize at Gamers8 - The Land of Heroes.

    Saudi team Twisted Minds came in second and earned US$260,000.

    Question Mark, the Russian team, finished third and got US$162,000.