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
  • Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended...

    The US aviation giant accounted for a total of $3.8 billion in one-time expenses associated with compensating airlines for delayed deliveries

    Those costs were the biggest factor in the company's $4.1-billion quarterly loss

  • Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed...

    Dubai Finance Minister Sheikh Maktoum bin Mohammed bin Rashid said Dubai Mercantile Exchange (DME) was able to gain the confidence of major oil producers.

    DME is located within the Dubai International Financial Centre (DIFC), a financial free zone designed to promote financial services.

  • Its net profits increased by 39 percent in 2021 to AED 4.4 billion.

    DIB is the largest Islamic bank in the UAE and the second-largest Islamic bank in the world.

    The bank said it proposed to pay a dividend of 25 percent to shareholders subject to the approval of the AGM.

  • ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a...

    ADNOC's US$12.76 billion (AED47 billion) brand value witnessed a 19 percent increase over the previous year

    ADNOC ranked the first valuable brand in the UAE, the second in the Middle East and North Africa

  • Microsoft for Startups Middle East Wednesday announced it has opened a second round of applications for Microsoft for Startups’ highly...

    GrowthX Accelerator and Highway to 100 Unicorns are part of a strategic partnership between Microsoft and the Abu Dhabi Investment Office.

    The GrowthX Accelerator brings together corporates with challenges and startups that can build field-ready solutions.

  • Ras Al Khaimah is taking steps to further enhance its growing healthcare sector through the continuation of an alliance between...

    The critical areas of collaboration with CommonSpirit will include digital innovation, training and education, clinical alignment, care coordination

    Among the care centers widely recognized with clinical expertise in DHI’s US network are the Barrow Neurological Institute in Phoenix, Arizona

  • Dubai's largest bank sees its net profits rising to $2.5 billion in 2021 from $1.9 billion in 2020.

    The bank, the second largest lender in the United Arab Emirates, said its net profits rose 34 percent to $2.5 billion, from $1.9 billion in 2020. 

    The bank has set aside $1.6 billion in impairments, covering loan losses, a 26-percent decrease from last year, due to improving economic conditions

  • Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the...

    Istanbul Airport closed on Monday for the first time since it took over from the old Ataturk Airport as the global hub of Turkish Airlines in 2019

    Fuming passengers complained on Twitter about a lack of regular updates from Turkish travel officials and poor customer service

  • The discussion happened at the first session of the Jordanian-Tunisian Joint Trade Committee.

    The meeting was attended by Secretary-General of Jordan’s Ministry of Industry, Trade and Supply Dana Al-Zoubi

    Head of the Cabinet of Minister of Trade and Export Development in the Tunisian Ministry of Trade, Khaled bin Abdullah, also attended

  • Steve Griessel, the new CEO of the Paramount Group will be providing strategic, financial and operational leadership to the company...

    South Africa born Griessel has served several companies as CEO in South Africa and the US

    Griessel has business leadership and senior management experience of more than 30 years