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 UAE is well positioned to further strengthen its leadership in combating fraud, with continued investment in technology, training and...

    The UAE's focus on digital transformation and innovation enhances fraud detection and control capabilities, says Jamal Saleh, Director General of UAE Banks Federation

    Tasharuk platform plays a crucial role in detecting cyber risks while continued investment in technology and collaboration strengthens UAE's banking system, he adds

  • "We will simplify our organisation, cutting out complexity to regain our competitiveness," added Della Valle, appointed CEO on a permanent...

    The CEO Della Valle said the company's performance was not good enough, saying that to consistently deliver, Vodafone must change

    Her predecessor Nick Read stepped down in early December after a four-year tenure marked by a steep fall in the company's share price

  • Dubai, UAE-- Qatar and Bahrain have agreed to restart flights toward the end of the month, in a sign of...

    The resumption of flights between the estranged countries, according to Bahrain News Agency, falls within "the framework of the brotherly relations between the two countries

    In recent months, GCC countries have patched up differences with each other and begun to focus on their economies, taking advantage of high oil and gas prices

  • Dead Sea, Jordan -- Almost 2 million people visited Jordan in first quarter of 2023, an 87.2 percent increase compared...

    Tourism sector is engine of economic growth in Jordan, contributing 13% of the country's GDP, tourism minister said

    He explained that the sector directly employs over 55,000 people, of whom 85% are Jordanians

  • Abu Dhabi, UAE-- Iran is keen to boost transportation ties with the UAE and has invited investors from the country...

    Mehrdad Bazrpash, Iran Minister of Roads and Urban Development, met with Sheikh Mansour Bin Zayed Al Nahyan, Vice President of the UAE in Abu Dhabi

    The Iranian minister also met with Qatari Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti and both emphasized the need for expansion of relations

  • The group's EBITDA also rose by 33 percent YoY.

    This growth is attributed to the robust performance of its Maritime, Economic Cities and Free Zones, and Ports Clusters, as well as the recent acquisitions

    The Group is continuing its ambitious revenue-generating CapEx programme, spending $278 million in Q1 2023 to diversify its income streams

  • Dubai, UAE-- The UAE's Ministry of Climate Change and Environment has issued a decree on the use and distribution of...

    Referred to as refrigerant gases responsible for intensifying global warming and depletion of the ozone layer, HFCs are categorized among greenhouse gases

    The UAE has been at the front of attempts to restore the ozone layer's protective capacity since joining the Convention in 1989 and the Protocol in 1990

  • Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive...

    The affluent population's desire for luxury, distinction and personalized automotive experiences help the sector flourish in the Gulf region despite the global challenges

    Luxury-seeking individuals craving one-of-a-kind vehicles on the road generally go for vibrant color changes, custom rims, sleek body kits and immersive audio systems

  • BERLIN, GERMANY -  The European Central Bank (ECB) has fined US financial giant Goldman Sachs US$7.2 million (6.63 million euros) for...

    Goldman Sachs Bank Europe was found to have "breached credit risk reporting rules" in 2019, 2020 and 2021, the ECB said in a statement.

    Capital ratios are key indicators of a bank's strength and ability to absorb losses in the event of market turmoil.

  • Dubai, UAE -- Dubai real estate market has recorded deals worth AED 2 billion ($544 million) on Monday, Dubai Land...

    The sales included 599 villas and apartments worth AED1.45 billion, and 39 land plots worth AED335.3 million.

    In April, the emirate witnessed a surge of 46% in the value of real estate deals, compared April 2022, reaching $7.21 billion.