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
  • Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for...

    Dr. Omar Khlaif Gharaibeh identifies localized conflict and reliance on local investment as key factors in maintaining currency stability

    Central Bank of Sudan's role in bolstering confidence in the banking sector is also crucial, adds the Al Al-Bayt University's Associate Professor

  • Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has developed an in-house, versatile gateway that can connect terrestrial sensors...

    The gateway was developed by DEWA's Research and Development (R&D) Centre as part of the Space-D program.

    The device complies with international IoT device security standards, including OT security, the statement reads.

  • Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according...

    According to the estimate, Saudi Arabia earned the highest net oil export revenue among OPEC members in 2022, standing at $311 billion

    Iraq came second at $131 billion, followed by the United Arab Emirates with $119 billion, and Kuwait came fourth at $98 billion

  • The decision was made "to address extreme levels of data scraping" and "system manipulation" by third-party platforms, Musk said in...

    In the wake of Elon Musk's announcement, "goodbye Twitter" was a trending topic in the United States

    The day before, he had announced that it would no longer be possible to read tweets on the site without an account

  • The brokerage firms added 26,953 new accounts in H1.

    The new investor accounts at the bourse climbed more than 48 percent during the first five months of this year as against 18,204 last year

    Since the listing of companies such as DEWA, TECOM Group and many others, the market has witnessed significant momentum

  • AMMAN, JORDAN  -  The pharmaceutical and medical supplies sector of Jordan has experienced an impressive 29.7 percent growth in exports...

    Jordan's exports from the pharmaceutical, medical supplies sector for the first five months of 2023 reached approximately US$375 million.

    The growth has been possible due to regularization, recovery of supply chains, and uninterrupted supply of raw materials and production inputs.

  • GABORONE, BOTSWANA -  Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw...

    The agreement provides for a new 10-year agreement to sell the rough diamonds produced by Debswana.

    Debswana is a JV equally owned by the government and De Beers - and a 25-year extension of its mining licenses.

  • London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following...

    Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with maximum efficiency

    The company owns stakes in London Array, one of the world’s largest offshore wind farms, and Hywind Scotland, the world’s first commercial-scale floating wind farm

  • Yerevan, Armenia – Non-oil trade volume between the UAE and Armenia reached $1.53 billion in 2022, with a growth rate...

    The UAE is the top trading partner for Armenia in the GCC in 2021, accounting for 90 percent of Armenia's total trade with GCC countries

    The total UAE non-oil exports to Armenia amounted to almost $229 million in 2022, with a growth rate of 245 percent compared to 2021

  • PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...

    The UAE and his country are working together on low-carbon energy solutions, the French minister said.

    The minister highlighted the rising number of natural disasters globally caused by climate change.