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
  • Masdar, one of the world’s leading renewable energy companies, and W Solar Investment, a subsidiary of Alpha Dhabi Holding, and...

    The new company, MW Energy Limited, will act as a development platform, focusing initially on a pre-identified pipeline of projects

    The JVC will focus initially on the development of pre-identified projects, primarily in Africa and in the Commonwealth of Independent States (CIS) region

  • Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures...

    UAE’s total annual visitor spending is expected to reach about $64bn in 2028.

    Tourism is expected to contribute $76bn annually to the UAE's GDP by 2028.

  • Saudi Arabia and Romania signed on Tuesday a defense cooperation agreement that covers training, exchange of expertise, technologies, developing communications...

    The pact includes training, exchange of expertise, technologies and developing communications systems.

    The agreement is in line with the two sides’ commitment to promote and encourage international peace, media reports said.

  • According to a report by General Authority for Statistics (GASTAT), the overall merchandise exports of Saudi Arabia increased by 82.5%...

    The value of exports amounted to SAR 107.3 billion ($28.61 billion) in November 2021, up from SAR 58.8 billion ($15.68 billion) in November 2020

    This increase originated mainly from oil exports, which rose by SAR 43.1 billion ($11.49 billion) or 112.8% in the same period

  • A number of US companies are willing to invest in basic infrastructure and logistics to support Tunisia's efforts in this...

    Tunisian Transport Minister Rabii Majidi expressed the will to further strengthen cooperation with the United States.

    Both parties exchanged views on the draft bilateral agreement in the field of air transport. The US ambassador urged stepping up talks to materialize this agreement.

  • Pfizer and BioNTech have begun enrollment for a clinical trial to test the safety and immune response of their Omicron-specific...

    Pfizer's CEO Albert Bourla has previously said that the pharmaceutical giant could be ready to file for regulatory approval of the shot by March

    The trial will involve 1,420 people aged 18-55

  • The emirate of Ras al-Khaimah on Tuesday announced a multibillion-dollar deal with casino giant Wynn Resorts and said it will...

    The emirate announced a multibillion-dollar deal with casino giant Wynn Resorts, but did not elaborate on 'gaming', a euphemism for gambling in the US.

    Ras Al Khaimah Tourism Development Authority said a new gaming division would require “compliance with all applicable laws and regulations".

  • Saudi Arabia’s Tourism Development Fund (TDF) today announced a strategic partnership with Al-Ameen Real Estate, part of Al Nahla Group,...

    ‘Taif Front’ would be a 100,000 sqm project featuring upscale accommodation with more than 150 keys.

    The Tourism Development Fund has enabled projects with an investment value of around $1.6 billion.

  • Expo 2020 Dubai has recorded 10,836,389 visits as of 24th January, while the virtual visitation reached 72.5 million.

    Global Goals Week, which ran from 15th to 22nd January at Expo 2020 Dubai associated with the United Nations, proved similarly popular

    Expo 2020 Dubai’s mass virtual visitation is driven by the range of entertainment and extensive live coverage of the Global Goals Week sessions

  • Car giant Volkswagen and parts supplier Bosch have embarked on an "extensive partnership" to bring automated driving to the mass...

    The functions the companies want to make available include so-called "hands-free" systems for urban and motorway driving.

    The project is expected to require the skills of around 1,000 employees and the two companies have already started recruiting new experts to work in the alliance.