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
  • Microsoft-owned LinkedIn was one of the few US technology companies to successfully operate a social media site in China, where...

    An email from LinkedIn CEO Ryan Roslansky published online added that pulling out of China would result in "a reduction of roles for 716 employees"

    Most US internet giants including Facebook, Twitter, Instagram and YouTube have long been blocked in China as they fail to comply with strict regulations

  • Since Musk bought Twitter, the company has relaxed the moderation of content on the network, letting back many users banned...

    The move comes as Twitter's new boss Elon Musk tries to ramp up engagement, and opportunities to make money, at the online platform he bought for $44 billion last year

    Musk-mandated changes at Twitter from slashing staff to doing away with free verification check marks seen as stamps of authenticity have alienated users and advertisers

  • Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities...

    The minister highlighted opportunities for investment in the Central Asian state, saying large foreign companies have begun investing in various sectors

    He lay emphasis on building trade and investment alliances between Qatari and Uzbek companies that contribute to boosting of trade exchange between the two nations

  • The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.

    The result was lower than the $39.5 billion reported in the same period in 2022, when Russia's invasion of Ukraine caused oil prices to surge

    Aramco is the jewel of the Saudi economy and the main source of revenue for Crown Prince Mohammed bin Salman's Vision 2030

  • Kuwait City, Kuwait--The Central Bank of Kuwait (CBK) has announced the latest allocation of issuance of bonds and tawarruq valued...

    Early this month, the bank issued bonds and tawarrruq worth US$ 660 million for three-months term

    It said the value of the first issuance amounted to $528 million for three months with a return rate of 4.250 percent

  • Goertzel was in provocateur mode last week at Web Summit in Rio de Janeiro, the world's biggest annual technology conference,...

    AI is not capable of becoming like human level general intelligences, because they can't do complex multi-stage reasoning, said Ben Goertzel

    AI is not a threat, I think it's a benefit as people can find better things to do with their life than work for a living, US-Brazilian researcher said

  • Doha, Qatar - Fifty companies listed on Qatar Stock Exchange (QSE) have reported a combined net profit of $3.45 billion...

    The industries sector saw the biggest decline of 44.18 percent, resulting in a net profit of $656.22 million

    The insurance sector recorded the highest growth with a 79 percent increase, generating a net profit of $102.94 million

  • Abu Dhabi, UAE-- Designed to achieve a common Arab vision for the digital economy, the Arab Federation for Digital Economy...

    The agreement is designed to bolster the Arab digital economy, strengthen intra-Arab trade, and increase the reality of Arab trade exchange

    Rated as the fastest growing market in the world, the e-commerce market in the MENA region was valued at $49 billion at the end of 2022

  • Sustainable mobility necessitates taking into account the entire lifecycle of a vehicle, not just the use phase. This includes sustainable...

    Bentley, BMW, Porsche, and Audi lead the way in sustainability by introducing environment-friendly vehicles, aiming to cut CO2 emissions and be sustainable luxury brands by 2030

    BMW Group, for example, aspires to be the world's most sustainable premium car manufacturer by utilizing circular economy principles and secondary materials, says an official

  • ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report...

    Abu Dhabi's impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework.

    As per the estimates, in Q4 2022, Abu Dhabi achieved real GDP growth of 5.9 percent worth US$75 billion.