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
  • New Delhi, India -- The UAE ranks first among the countries in the world in the employment of Indians, currently...

    Taken together, five Gulf countries -- UAE, Saudi Arabia, Kuwait, Qatar and Oman, in that order -- are among the top destinations providing employment for Indians.

    The number of Indians in the UAE last year was 3.419 million and more than 134,000 were added in one year, India's Minister of External Affairs told parliament.

  • Record phosphate output boosts the company's performance.

    The firm's net profit records US$93.5 million, reflecting the downturn in commodity prices

    Debt reduction witnessed with long-term borrowings and net debt decreasing by 11% and 9%

  • Dubai, UAE -- In a step towards its clean energy ambitions, the Dubai Electricity and Water Authority (DEWA), has announced...

    Designed to be the world's largest single-site solar park, it is projected to boast a remarkable capacity of 5,000MW by 2030, with an investment infusion totaling AED 50 billion.

    The upcoming 1,800MW 6th phase is anticipated to catapult the cumulative production capacity to 4,660MW as additional 433 MW capacity is currently under construction.

  • Doha, Qatar--Qatar Central Bank (QCB) has exhorted companies willing to work in providing website services to compare prices of insurance...

    With this announcement, the central bank seeks to regularize and upgrade the financial sector in the country

    The bank said in a statement that the instructions are intended to streamline operations of service providers

  • Taif, Saudi Arabia-- Cristiano Ronaldo led his team to victory as Al-Nassr FC won the 2023 King Salman Club Cup...

    Inspired by Ronaldo, Al Nassr beat its rival Al-Hilal after extra time despite playing for more than an hour with just 10 men

    The final match which went into extra time after the game was tied at 1-1 was held at the King Fahd Sports City Stadium in Taif

  • Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart...

    The Middle East and North Africa's smart city spending is expected to reach $2.7 billion by 2022, driven primarily by the region's progressive, innovative city projects.

    NEOM, Egypt's New Administrative Capital, Abu Dhabi's Masdar City, and Dubai Digital Park are examples of this trend.

  • WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities...

    Musk said on his X social media platform - formerly known as Twitter - that arrangements were advancing.

    Meta chief Zuckerberg responded on his Threads social network, posting a photo of himself shirtless and pinning down an opponent.

  • Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and...

    The agreement will enable both to work together on the development of engines, including turbofan and propellant fan

    The Brazilian company specialises in research, innovation, and engineering and development of gas turbine engines

  • The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...

    Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.

    Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.

  • Riyadh, Saudi Arabia -- For the first time, Riyadh will host the Peace and Sport Middle East Forum, powered by...

    The forum will be held under the theme, “Sport is an answer for peace”, at the Cultural Palace in Riyadh-based Diplomatic Quarter

    The kingdom will be hosting several big sporting events as it aims to attract foreign interest as it diversifies its economy away from oil