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 SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.

    The distribution represents 2.19 percent of net asset value (NAV) as of June 30, 2023.

    Riyad REIT is a closed-ended Shariah-compliant real estate investment traded fund.

  • Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based...

    The support will enable Procural to enhance its ability to use cloud-based technology and Artificial Intelligence (AI) to match vendors with buyers

    Procural offers a range of features that include cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking

  • Train trips in H1 2023 rose 46 percent compared to H1 2022.

    The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.

    The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.

  • Its cargo revenue recorded a 42% jump in H1 to US$57.9m.

    Oman Air Cargo said that the jump in cargo aligns with the carrier's aim to retain its strong position in the market

    Launched in 2009, the airline has sustained an upward trajectory despite a fall in yield compared to the previous year

  • The social media firm, bought by billionaire Elon Musk last year, has been thrashing around for ways to make a...

    X announced in July that TweetDeck would be available only to "verified" account holders from August

    On Tuesday, users attempting to access the service were required to pay for X's blue checkmark verification for an annual fee of $84

  • From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from...

    Ronaldo's arrival in January to play for Al-Nassr drew global attention to ongoing efforts to boost the Saudi Pro League

    The signing up of Neymar, Brazil forward who quit Paris Saint-Germain after six seasons, for Al-Hilal is another coup for the Saudis

  • Jerusalem--The European Union has disbursed $24 million for the payment of social allowances to 71,162 vulnerable Palestinian families through the...

    The EU during the last 17 years has supported the Palestinian Authority with funding to ensure social allowances are extended to the poor families

    The funding from EU has been routed through the PEGASE mechanism and will help 71,162 families living below the extreme poverty line

  • The number of new industrial Rowad permits issued in Abu Dhabi increased from 204 to 238 from July 2022 to...

    $15.36 billion in capital investments made by manufacturing facilities moved to the in-production phase over the year

    The number of operational manufacturers in the emirate now stands at 966, up from 922 manufacturers at the end of H1 2022

  • Amman, Jordan--Jordan is urging "companies and institutions" to switch to renewable and sustainable energy to reduce operating costs. In this...

    The kingdom's energy minister said that opportunities exist for cooperation to cut energy consumption across various sectors

    The minister noted that in order to keep pace with the global energy transiton the kingdom must benefit from the experiences of various countries

  • Saudi Arabia’s real estate sector is evolving with new regulations, creating fresh job opportunities. The latest initiatives seek to enhance...

    Saudi Real Estate General Authority introduces 12 new roles, including positions like real estate broker, advertiser, and property manager

    The initiatives are aimed at boosting the real estate sector's contribution to the Kingdom's GDP, enhancing the role of non-oil sectors