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

  • IDB will fund renewable projects by joining ETAF platform.

    The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.

    By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .

  • The company's net profit in H1 2022 was only $6.5 million.

    The increase reflects the continuous efforts of EIH to diversify its revenue sources, the company said.

    The total assets of EIH have also increased significantly, from AED77.7 million at the end of 2022 to over AED2.23 billion at the end of the first half of 2023.

  • Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation...

    The MoU looks to set up the UAE as a major attraction for asset and wealth management corresponding with the government's aspirations for the next 50 years

    Both the parties, under the terms of the MoU, resolved to cooperate and share expertise and studies aimed at improving the local asset management sector

  • The US tech giant unveiled Bard in February but delayed its release in the European Union as the bloc plans...

    Google has raced to catch up with rival Microsoft, which has rushed to integrate ChatGPT-like powers in a wide array of its products, including the Bing search engine

    Bard is "now available in most of the world, and in the most widely spoken languages," Bard's product lead Jack Krawczyk and vice president Amarnag Subramanya wrote in a blog

  • Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report...

    Respondents perceived Bahrain to be the country where a visa could be secured easily, and a bank account could be opened without a hassle

    The survey is one of the world's biggest expat polls based on data from more than 12,000 expats from 171 countries, scattered across the world

  • Musk on Twitter added that the new company's aim was to "understand reality" and answer life's biggest questions. The launch...

    The xAI website said Musk would run the company separately from his other companies but that the technology developed would benefit those businesses, including Twitter

    The startup is staffed by former researchers from OpenAI, Google DeepMind, Tesla and the University of Toronto, the team is to be advised by Dan Hendrycks

  • Amman, Jordan-- Jordan and Japan have discussed ways to boost economic cooperation and further strengthen strategic ties between the two...

    The Jordanian minister noted the "importance" of Japanese investments and their role in transfering advanced technology to the kingdom

    Jordan's exports to Japan, according to the Department of Statistics, amounted to $87 million, while imports from Japan touched $348 million

  • Riyadh, Saudi Arabia - The Saudi-Turkish Business Forum which began on Wednesday in Istanbul, witnessed the signing of 16 agreements...

    The forum is a collaboration between the Federation of Saudi Chambers of Commerce and the Foreign Economic Relations Board of Turkiye

    The forum was attended by the Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, and the Turkish Minister of Trade, Omer Bolat

  • Riyadh, Saudi Arabia-- Seeking to establish a broad framework for cooperation in several areas, the GCC and the Arab Planning...

    The MoU is expected to contribute to the development of the local working force in the GCC through cooperation in several areas

    GCC secretary general applauded API for supporting Arab organizations and institutions in all their forms with projects and ideas

  • London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data. London...

    London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks.

    Frankfurt and Paris also advanced before the week's main event, the US consumer price index, which forecasts suggest will show a further softening.