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 highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength...

    The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength of GCC economies

    Saudi Arabia leads as GCC's largest projects market, while the UAE experiences a 127 percent surge, reaching US$12.2bn in the second quarter of 2023

  • Broadcom is seeking to expand into the software market.

    The Competition and Markets Authority said the deal "would not weaken competition in the supply of critical computer server products".

    The CMA in March said the deal could harm innovation and drive up the cost of computer parts used by key clients including banks, retailers and telecoms.

  • Earlier this year, the two countries signed a Comprehensive Economic Partnership Agreement with the aim of boosting trade to $40...

    The non-oil intra-trade between the two nations amounts to over US$103 billion from 2013 to 2022.

    This includes imports valued at US$56 billion, exports exceeding US$35 billion, and re-exports totaling over US$12 billion.

  • Profit fell due to anemic M&A market, weakness in trading.

    The big investment bank has essentially abandoned a once-touted push to compete with retail banks for Main Street consumers.

    Goldman also suffered a drop in its other main division, asset and wealth management, citing net losses and markdowns in real estate.

  • July 18 was the cut off point to finalize the $75bn deal.

    The deal for Microsoft to acquire Activision now gets pushed by three months to October 18.

    In return, Microsoft agreed to pay Activision an increased break-up fee in case either side walks away from the deal.

  • The $5.2bn factory is expected to create up to 4,000 jobs.

    The factory is Tata's first giga facility outside India, and will be built in Somerset, southwest England.

    The British government said the new manufacturing facility is expected to provide almost half of the battery production that the UK will need by 2030.

  • The dollar-denominated certificates have annual return of 5.23%.

    Almarai told Tadawul in a statement that the certificates will be listed on the Irish Stock Exchange under Euronext Dublin.

    The certificates were issued under the $200 million Trust Certificate Issuance Program updated by the company on July 14. 

  • The deal is worth US$266 million (SAR1.27 billion).

    SALIC is fully owned by the Public Investment Fund.

    Brazilian firm BRF is a global leader in the poultry sector.

  • DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in...

    The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers.

    The webinar provided valuable insights and guidance aimed at helping companies to access green finance, attract green investment projects.

  • The portfolio comprises 27 hotels across Japan.

    The portfolio was acquired from Daiwa House Industry for $900 million and comprises a total of 7,124 hotel rooms.

    The acquisition was made along with a consortium led by Singapore-based private equity real estate firm, SC Capital Partners and Goldman Sachs Asset Management.