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 scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will...

    Geoffrey Hinton, who created a foundation technology for AI systems, said that advancements made in the field posed "profound risks to society and humanity"

    Hinton said that competition between tech giants was pushing companies to release new AI technologies at dangerous speeds, risking jobs and spreading misinformation

  • Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai...

    The two-day event will debate challenges facing global trade and the impact of the Covid-19 pandemic on the global economy

    Nearly 600 participants specializing in trade, logistics will come from more than 70 countries to take part in the event

  • Bluesky was created by Twitter's co-founder Jack Dorsey and is now the talk of Silicon Valley, leaving those in the...

    Unknown to the general public, Mastodon saw its popularity explode when Musk took over Twitter, though still way off Twitter's roughly 200 million monthly users

    Musk last month briefly blocked links and search responses to Substack, the site that helps writers monetize their work, after the site launched Substack notes

  • Its pre-tax profits touched US$12.9bn in Q1 of 2023.

    The bank posted a $9-billion jump in pre-tax profits in the first quarter of 2023, projecting strong earnings for the rest of the year.

    Quinn added that HSBC has also announced its "first quarterly dividend since 2019 of $0.10 per share" and a share buy-back of up to $2 billion

  • Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect...

    With the publication of revised rules, SCCA court will become fully functional and replace the existing SCCA Committee for Administrative Decisions

    According to SCCA, the new rules are in line with international standards in the arbitration industry followed by renowned institutions across the world

  • The company reported an increase in its EPS to QR 0.014.

    The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)

    It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)

  • Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and...

    The investment aims to give impetus to the National Industry Strategy that seeks to widen the industrial base, cut imports by up to 50% and push exports

    NIDC, according to the minister, has partnered with the Public Investment Fund (PIF) to create a business model for taking advantage of the investment opportunities

  • In the wake of reporting a drop in profit during the first three months of the year, the bank aims...

    According to media reports, the bank at the end of last year trimmed nearly 2 percent of its staff or some 1,600 positions

    Financial institutions have been hit hard by a slump in dealmaking caused by the Fed's fight against inflation and the banking crisis

  • SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...

    The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.

    There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.

  • She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International...

    Prominent booksellers, publishers, and experts from 69 countries participate in Sharjah International Booksellers Conference, which facilitates discussions on industry trends

    Sustainability, generative AI, industry transformation remain prime focus of the discussion as Sharjah emphasizes the importance of collaboration and effective communication