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
  • Despite the drop, BP hiked dividend.

    Profit after tax plunged to $1.8 billion in the three months to the end of June compared with $9.3 billion in the second quarter last year, BP said in a statement

    Oil prices have tumbled, partly on fears of falling demand as the global economy slows, with major consumer China's post-Covid recovery stumbling

  • Fabinho, the Brazil midfielder, will join Karim Benzema and N'Golo Kante at Al-Ittihad, one of four Saudi clubs controlled by...

    He joined Liverpool from Monaco in 2018, winning the Champions League, Premier League, FA Cup, League Cup and Club World Cup

    Fabinho's departure comes after Liverpool captain Jordan Henderson decided to move to Saudi Arabia to play for Al-Ettifaq

  • The X, installed on the roof of the company's downtown office last week, was part of owner Elon Musk's bid...

    San Francisco's Department of Building Inspection and City Planning received 24 complaints about the sign

    The owner of the property where X is renting offices will have to pay the cost of permits to install and remove the sign

  • Its net profit fell 53.8% in H1 of 2023 to US$0.92m.

    Its earnings per share(EPS) declined to reach QR 0.059 as of 30th June 2023 versus EPS QR 0.128 for the same period in 2023

    The company posted a 61.7% jump in net profit in 2022, reaching $2.69 million in comparison to a net profit of $1.67 million

  • The country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as...

    The Gulf country ascends four spots in Kearney's 2023 Global Services Location Index, reflecting its thriving business environment and emergence as a tech hub with 4,000+ startups

    Jordan, Saudi Arabia, Qatar, Kuwait, Oman, and Lebanon debut on the Kearney's 2023 GSLI, while Egypt's ranking has dropped due to rising labor costs and digital focus deficit

  • New York, US - Wall Street stocks edged higher early Monday ahead of major economic reports and earnings releases later in...

    US equities have continued to trend higher in July behind hopes that the Federal Reserve will soon relent on interest rate hikes

    The broad-based S&P 500 added 0.3 percent at 4,593.56, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 14,370.18.

  • Washington, US - A Federal Reserve official left open the possibility on Monday of pausing or stopping interest rate hikes at...

    To rein in surging costs of living, the Fed has lifted the benchmark lending rate rapidly since March 2022

    While the full effect of policy will take time to ripple through the economy, inflation has cooled

  • Aldar recorded AED 2.1 billion in net profits for the first half of 2023.

    It also achieved revenues of AED 6.3 billion dirhams, an increase of about 18 percent.

    Aldar reported a record development sale of AED 11.6 billion with 10 new project launches year-to-date.

  • RIYADH, SAUDI ARABIA - The real GDP of Saudi Arabia grew by 1.1 percent in the second quarter of 2023,...

    According to the report, seasonally adjusted real GDP decreased by 0.1 percent in Q2 of 2023 compared to Q1 of 2023.

    GASTAT carries out all statistical work, as well as the technical oversight of the statistical sector in Saudi Arabia.

  • The announcement has angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies....

    "Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence," PM Rishi Sunak's office said.

    "The government is taking steps to slow the rapid decline in domestic production of oil and gas, which will secure our domestic energy supply," it said.