Borouge full-year net profit $1bn
The firm posted third consecutive rise in quarterly earnings.Company News Business
Global stock markets swing ahead of Fed’s latest rate decision
"Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate...Business Economy
EU chief unveils 150-bn-euro investment plan for Africa
The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public...The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027
Seen as a response to China's Belt and Road initiative, the strategy will use funding from EU institutions and member countries to leverage private-sector investment
Work begins on $6.2bn Borouge 4 project in Abu Dhabi
The facility is being built at the Borouge’s polyolefin manufacturing complex in Ruwais in Abu Dhabi.The project is expected to play a significant role in meeting the projected growth of the global demand for polyolefins
It will also apparently provide critical feedstock for the TA’ZIZ Chemicals Industrial Chemicals Zone in Ruwais in Abu Dhabi
ADNIC 2021 profit is AED401.8 mn
The Company’s earnings per Share are AED 0.70‘The Company’s diversified investment portfolio delivered excellent results with an increase in the Investment Income of 25.6% compared to 2020’
In the fourth quarter of 2021, ADNIC extended its partnership with Al Bayt Mitwahid Association to support the association’s wide range of community welfare initiatives
What’s next for TikTok’s music industry revolution?
TikToks latest service, SoundOn, offers unsigned artists a simpler way to upload songs, get paid and find distribution.Sometimes, it's old songs given a new lease of life, like recent crazes for Fleetwood Mac's Dreams or Boney M's Rasputin
But often it's new or independent artists, who no longer need the backing of record labels to find a massive audience
UAE ranks 1st in Global Entrepreneurship Index 2022
The Global Entrepreneurship Monitor (GEM) has ranked the UAE 1st globally in its Global Entrepreneurship Index 2022, which was unveiled...The UAE also emerged as the number one global destination for establishing and starting businesses
According to the report, the UAE has achieved an improvement on 11 out of the 13 axes covered by the index
What’s driving EV uptake in MENA?
Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope:...Globally, 88 percent of EV owners are under the age of 45
A recent EV study revealed a similar trend in the UAE and Saudi Arabia
Agthia Group revenue up 49 percent
The company posted a net profit of $58.81 million in 2021.The growth in revenues was attributed to strong growth in the Protein and Snacking segments.
The Consumer-Business contribution to Agthia's top-line almost doubled versus last year, reflecting the positive growth.
Turkey eyes cooperation in agriculture sector with Iraq, says minister
Turkey wants joint cooperation with Iraq regarding the exchange of products, its Minister of Agriculture and Forestry Bekir Pakdemirli said....Tuekey suffers from lack of water, climate change and migration for several reasons, including wars and clashes
Turkish minister discussed with the Iraqi Minister of Agriculture, cooperation in the agricultural field
Saudi fund signs debt deferral MoU with Cameroon
The debt deferral agreement has been signed in line with the G20 initiative of 2020 led by Saudi Arabia which...Saudi Fund for Development has signed agreement to postpone the debt owed for development projects in Cameroon
The agreement signed between two party reschedules debt on Cameroon over a period of 6 years
Milaha 2021 profit $199m
The company's profit in 2020 was $16.20 million.The Board of Directors decided to recommend to the General Assembly to distribute a 30 percent cash dividend of the par value of a share.
It is equivalent to QAR 0.30 per share, representing a payout ratio of 47 percent of 2021 net profit.
