INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

  • Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival...

    Movie houses were barred for decades until April 2018, but over the next 10 days, actors and directors will tread the red carpet at Jeddah's Red Sea International Film Festival

    It will showcase 138 long and short films from 67 countries in more than 30 languages

  • The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.

    The festival was conducted in cooperation with the Ministry of Agriculture and several local and international partners

    In all, 263,458 people visited the event this time

  • Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.

    Green hydrogen has a lot of potential particularly in heavy transport and heavy industries

    Green hydrogen has the ability to rapidly replace fossil fuels while simultaneously enhancing electrification

  • The first compact station opened at Dragon Mart 2 this month.

    After Dragon Mart and International City, the ENOC Group plans to open five more compact stations in Dubai

    The remaining seven expected to be launched across additional locations by 2023

  • Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute...

    Top 100 arms producers recorded rise in profits by 1.3 percent on 2019 to $531 billion

    Of the top countries in the weapon industry, only France and Russia saw a fall in their firms' sales last year

  • A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to...

    The Business Journey Report combines analysis, key data and infographics relating to the socio-economic landscape.

    The key focus for Qatar's vision 2030 is the country’s ongoing economic diversification and private sector development agenda.

  • The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank)...

    The financial support will assist in boosting Afreximbank's liquidity to grow its loan portfolio as it finances exports and imports in critical sectors

    The OPEC Fund's loan will address trade challenges impacted by the COVID-19 pandemic

  • The $6.2 bn contracts are meant for expansion in Ruwais

    With this expansion, Borouge said it will become the world’s largest single-site polyolefin complex.

    Borouge 4 will boost the company’s annual polyolefin production to 6.4 million tons.

  • The IHC subsidiary starts trading under the ticker MULTIPLY.

    Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.

    The group has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.

  • Metaverse has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself...

    As far back as 2006, a real-estate developer made headlines after making $1 million from land sold on the virtual world site Second Life

    While Second Life remains active, proponents of its next-generation rivals are benefiting from VR technology and NFTs