INSEAD Day 4 - 728x90

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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

Dubai turns Expo into 6-month diplomatic gala

Amid a global pandemic, Dubai strategically turned a business and culture event into a public diplomacy spectacle unmatched in history.
  • Visiting global dignitaries helped the UAE emerge as a new world capital of political and cultural diplomacy over the Expo's six-month run
  • The world fair has, in essence, put a spotlight on the UAE as a nation of tolerance that connects people and cultures

Saudi land bridge linking up east with west to cost $26bn

A land bridge linking up the western part of Saudi Arabia with its eastern region will cost some $26 billion...
  • According to the minister of transport and logistics, Saleh Al-Jasser, the money will go into building infrastructure and trains
  • The contracts will be signed within a year, and the implementation of the project will take 5 to 7 years, Al-Jasser said

Investments key to improve region’s telecom services

There is so much more the industry can explore through digital engagement, including digitizing products and services, gamifying experiences, creating...
  • In today's digital economy, personalized experiences have become a prerequisite for companies wanting to achieve bigger gains
  • The pandemic has proved that more customers place quality networks and services above the pricing amount while making purchasing decisions

VR technology gives Arab world an edge in learning

Virtual reality experiences teach participants a lot about themselves in a concise time frame. It is preceded and followed by...
  • Virtual reality tools add a new dimension to the classroom -- both virtually and physically -- enhancing all aspects of the educational process, says Ithai Stern of INSEAD
  • Learners who undergo inclusive leadership training via virtual reality feel more connected to the material and are more focused, says a Price Waterhouse Coopers study

Russia and Ukraine to hold talks as troops edge closer to Kyiv

Russia and Ukraine were set for a new round of talks Monday as Moscow's invading forces maintain their devastating assaults...
  • Ukrainian and Russian representatives will meet via videoconference Monday, a Ukrainian presidential adviser and a Kremlin spokesman both said
  • Talks between Kyiv and Moscow have yet to yield a ceasefire and Russian forces have shown no sign of easing their onslaught

Bahrain to keep managing air traffic over Gulf waters

Bahrain will keep managing air traffic in the airspace over international waters in the Arabian Gulf, extending from the borders...
  • The Minister of Transportation and Telecommunications, Kamal bin Ahmed Mohammed announced this on Sunday
  • Bahrain has successfully managed the ICAO mandate since 1959, providing air traffic control services garnering ICAO's approval

Too early to dismiss oil’s role in energy market

Saudi Arabia, the world's second-largest oil producer that produced more than 10 million barrels of crude per day before the...
  • Saudi Arabia, the world's second-largest oil producer, plans to produce 13.5 million barrels by 2027, as well as 23 billion cubic feet of gas by 2030
  • Despite its national policy to diversify the economy and lessen reliance on fuel, the Kingdom continues to increase its oil and natural gas production

UNSC to hold emergency meeting on Russia’s request

Russia on Thursday accused the United States of funding research into the development of biological weapons in Ukraine.
  • Russia on Thursday accused the United States of funding research into the development of biological weapons in Ukraine
  • Both Washington and Kyiv have denied the allegations, with the United States saying they were a sign that Moscow could soon use the weapons itself

Treat Turkey like Ukraine: Erdogan tells EU

"Show Turkey the same sensitivity that we are witnessing towards Ukraine," Erdogan said at a press conference in Ankara.
  • "Show Turkey the same sensitivity that we are witnessing towards Ukraine," Erdogan said at a press conference in Ankara
  • Turkey has been a candidate for EU membership since 1987 but talks have floundered in recent years

Inflation pinches GCC consumers’ pockets

Rising global inflation is impacting the region, mainly through higher prices of food, fuel and transportation. Here are Special Reports...

EU tells Israel to reverse move to cut off Palestinian banks

Brussels, Belgium -- The EU on Wednesday urged Israel to undo a move by a far-right minister that threatens to...

Company News

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TSMC starts work on first European plant

TSMC is investing $3.9bn in the Dresden project.

Abu Dhabi Airports, Paris Airports to expand air transport infrastructure

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating...

Video gamers set for world’s biggest trade show, likely to generate $180bn

Paris, France -- The world's largest video game trade show, Gamescom, opens its doors on Tuesday in Germany at a sensitive...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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United Nations calls Israeli settler attack in West Bank ‘horrific’

Geneva, Switzerland -- The United Nations on Friday said a deadly Israeli settler attack on a Palestinian village in the occupied...
  • "There are even reports of weapons being distributed to the settlers. So there is clearly a state responsibility in this regard." said UN HR office spokeswoman Ravina Shamdasani.
  • "This really is the crux of the matter: the impunity that the perpetrators of such grave violations have been enjoying," she said.

Gold hits record high, oil prices slide on weak Chinese demand

Expectations of US interest rate cuts weakened the dollar, while oil prices tumbled as weak Chinese demand expectations offset turmoil...
  • Oil prices slumped more than 1.5 percent. "The significant price recovery on the oil market has run out of steam in recent days," said Commerzbank analyst Carsten Fritsch.
  • "For one thing, the feared retaliatory strike by Iran (on Israel) has so far failed to materialize, which has probably favored a partial pricing out of the risk premium," he said.

UAE, Saudi Arabia lead Middle East IPO surge in second quarter

Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the...
  • A total of 14 IPOs recorded total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year.
  • The UAE’s Alef Education Consultancy LLC and Spinneys 1961 Holding Plc accounted for 33.8 percent of the region’s total proceeds for the quarter.