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
  • Riyadh, Saudi Arabia -- Saudi Arabia’s exports to Turkey during the past three years amounted to SAR 52.280 billion ($13.93 billion),...

    Saudi exports largely comprised plastics, metal products, organic chemical products, steel, precious metals and stones.

    A total of 1,140 companies Saudi companies have invested in several sectors in Turkey, with investments surpassing $18 billion.

  • QE is working to increase LNG production capacity by 64%.

    The company's bumper profits sprang from an increased demand for liquefied natural gas (LNG) spurred by Russia's invasion of Ukraine.

    Nearly 40 percent of all LNG in the international market will come from QatarEnergy by 2029

  • Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) has commenced the construction of the Middle East's inaugural high-speed...

    The station, situated in Masdar City and spearheaded by ADNOC, will utilize an electrolyser powered by clean grid electricity to produce clean hydrogen from water.

    Upon completion later this year, ADNOC Distribution will assume operational responsibilities for the refueling station in Masdar City.

  • Regional traders extended Monday's retreat sparked by disappointing second-quarter data out of Beijing that missed forecasts badly and highlighted the...

    Hong Kong led losses Tuesday, shedding more than two percent following a five-day rally, as it reopened a day after being shut because of a severe storm

    Shanghai, Sydney, Seoul, Singapore, Manila, Jakarta, Wellington and Taipei also dropped, though Tokyo, Mumbai and Bangkok edged higher

  • Doha, Qatar--Small and medium-sized companies in Qatar have signed deals worth $201 million during the first half of 2023, benefiting...

    Tasdeer said that many Qatari companies took part in international exhibitions and trade missions, including Gulf and Arab markets as well as Turkey and India

    It is eager to continue its programs seeking to accelerate the development of the private sector in line with the National Vision of Qatar 2030

  • Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a...

    Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report

    A new report by S&P Global Ratings indicates mixed activity levels, suggesting the need for harmonization of Sharia standards to attract non-core jurisdictions

  • The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and...

    The region, rich in history and culture, is expected to accumulate substantial global AI benefits, reshaping its traditional sectors and driving innovation, reports suggest

    Tradition and technology harmoniously coexist in Middle East as it stays committed to AI integration despite some industries grappling with implementation challenges

  • New York, US--Saudi Arabia and Bahrain are looking to collaborate in order to speed up the sustainable development goals, aligning...

    The discussion took place in New York on the sidelines of the United Nations High Level Political Forum on Sustainable Development 2023

    The ministers spoke at length about the he innovative practices adopted by the two countries for achieving sustainable development and deepening their expertise

  • Doha, UAE - The Commercial Bank, a Qatari public shareholding company, experienced an 8.5 percent upswing in net profit, reaching...

    The figures issued by the bank website showed an increase in the EPS of Commercial Bank of QR 0.37 ($0.10) in the first half of 2023

    The financial statement of Masraf Al Rayan revealed a decline in net profits by 24 percent, to $207.12 million in H1 2023

  • The Norwegian watchdog, Datatilsynet, said Meta uses information such as the location of users, the content they like and their...

    The business practices of US big tech firms are under close scrutiny across Europe over concerns about privacy, with huge fines handed out in recent years

    The Norwegian watchdog, Datatilsynet, said Meta uses information such as the location of users, the content they like and their posts for marketing purposes