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
  • Two subsidiaries of the Qatari firm open two branches.

    Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals.

    Estithmar Holding told Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development.

  • Beijing, China -- Saudi Arabia's Minister of Municipal, Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, has held a meeting...

    During his meeting with SITEC Group, Al-Hogail deliberated over plans to establish an industrial complex in accordance with the highest pre-casting technology standards.

    This complex will encompass finishing materials and an operational model for industrial zones, enabling the delivery of 5,000 units annually.

  • Muscat, Oman-- Oman LNG has signed an agreement with Securing Energy for Europe (SEFE) to supply 400,000 tonnes of liquefied...

    The gas-supply deal looks to boost partnership between Oman LNG and international energy firms like SEFE, paving way for more agreements

    The 4-year-long contract evisages supplying a total volume of 0.4 million metric tonne per annum of LNG from Oman LNG to SEFE

  • Abu Dhabi, UAE-- The banks in the UAE increased their credit facilities for the business and industrial sectors by around...

    The banks raised their credit balance for the two sectors by $2.23 billion in May 2023, a monthly increase of 1.11 percent

    Abu Dhabi banks provided around $100.74 billion until the end of May, while Dubai banks lend some $96.31 billion

  • The company attributed growth to increased volume across key sectors.

    On a like-for-like basis (LFL), which excludes the impact of M&A activity, the revenue growth was still significant, reaching 44 percent YoY

    The growth drivers were primarily the Maritime Cluster with a substantial 208 percent YoY increase, followed by the Digital Cluster with 26 percent

  • Firm to supply 600,000 tons of fertilizers to BADC.

    The renewal is further proof of the company’s commitment to meet global market demand for phosphate fertilizers.

    Ma’aden supplies approximately 42 percent of Bangladesh’s estimated requirement of diammonium phosphate.

  • Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...

    The Russian leader stressed that the forum had earned recognition as one of the world’s largest exhibitions of advanced military equipment.

    Putin said the event makes a significant contribution to the development of Russia’s multifaceted ties with other countries.

  • Abu Dhabi, UAE – Real estate markets of UAE capital Abu Dhabi and Dubai demonstrated resilience in the face of...

    A report by Asteco, a full-service Real Estate company, said approximately 1,400 apartments were added to the Abu Dubai market during Q2 2023.

    Average apartment, villa, and office rental rates in Dubai increased by 6 percent, 3 percent and 6 percent respectively over the quarter.

  • Net profit was affected by higher interest rate.

    For the first six months of 2023, Agility’s net profit stood at US$95.5 million.

    There was an increase in debt for financing the firm’s acquisitions last year.

  • MOSCOW, RUSSIA - The international military-technical forum Army-2023 opens at the Patriot Congress and Exhibition Center here. About 1,500 prominent...

    About 1,500 prominent Russian companies of the military-industrial complex will present their products.

    85 foreign companies and organizations from seven countries will also participate in the forum.