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

Abu Dhabi non-oil GDP up 6.6% in second quarter: SCAD

Abu Dhabi, UAE -- Abu Dhabi's GDP increased by 4.1 percent during the second quarter of 2024, compared to the...
  • The construction sector achieved remarkable growth rates of 11.5 percent in the second quarter of 2024, compared to the same period in 2023.
  • It is estimated that the financial sector grew by 13.4 percent in the second quarter of 2024, compared to the same period in 2023.

Foreigners and institutions pour $4.9 billion into UAE equities

Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion)...
  • Foreign investors "Arab and non-Arab" achieved net purchases in the two markets worth 15.5 billion dirhams during the same period.
  • Institutions have achieved a net investment in the Abu Dhabi Securities Exchange worth more than AED 1.6 billion.

Two-thirds of Gaza buildings destroyed or damaged: UN

Updating its damage assessment, the UN Satellite Centre (UNOSAT) said very high-resolution imagery collected on September 3 and 6 showed...
  • "Those 66 percent of damaged buildings in the Gaza Strip account for 163,778 structures in total," it said.
  • Approximately 68 percent of the permanent crop fields in the Gaza Strip showed "a significant decline in health and density" in September.

Lebanon urges DNA tests to identify missing in Israel strikes

Families should head to centers affiliated with the Judicial Police "to conduct DNA tests", the police said in a statement....
  • Israel has heavily bombed Lebanon's east, south and southern Beirut suburbs
  • Health Minister Firas Abiad said bodies and body parts were still under the rubble

Saudi leisure tourism surges by 656% in 2024: Tourism Ministry

Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector, particularly the leisure and holiday segments, witnessed substantial growth in 2024.In a...
  • The Kingdom welcomed 17.5 million international tourists between January and July 2024, a 10 percent increase over the same period in 2023
  • The Kingdom had set the goal of 100 million tourists by 2030, but achieved this milestone in 2023, seven years ahead of schedule.

Lebanon may be seeing ‘largest displacement’ ever: PM

Prime Minister Najib Mikati said that "the estimated number is very high and may reach one million" -- which would...
  • On Friday, Israel killed Hezbollah's leader Hassan Nasrallah in a move many fear risks destabilizing Lebanon and the wider region.
  • Since Monday, intense Israeli attacks across Lebanon's east, south and on southern Beirut have killed hundreds of people and forced many to flee their homes.

Israeli air strikes hit densely populated Hezbollah bastion in Beirut

The strikes were by far the largest in scale. Iran embassy in Lebanon warns that the strikes 'change the rules...
  • Hezbollah chief Hassan Nasrallah was unharmed in the strikes, after Israeli television networks reported he was the target.
  • Israel's aerial bombardment of Hezbollah strongholds around Lebanon has killed around 700 people this week alone.

Saudi Arabia announces coalition to push for Palestinian state

Prince Faisal bin Farhan said the "International Alliance to Implement the Two-State Solution" included Arab and Islamic countries, as well...
  • Saudi Arabia paused US-brokered talks on recognizing Israel after the Hamas attack on Israel and the genocidal Israeli assault on Gaza.
  • The hard-right Israeli government of Prime Minister Benjamin Netanyahu remains implacably opposed to Palestinian statehood.

World’s first CO2 storage service soon ready in Norway

Øygarden, Norway -- Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening...
  • The Northern Lights project plans to take CO2 emissions captured at factory smokestacks in Europe and inject them into geological reservoirs under the seabed.
  • The aim is to prevent the emissions from being released into the atmosphere, and thereby help halt climate change.

UAE captures 30% of Middle East cinema market share in 8 months

Abu Dhabi, UAE -- The UAE cinema sector achieved revenues of AED 517 million during the first eight months of...
  • UAE cinemas attracted about 11 million visits to cinemas, the Emirates Media Council revealed.
  • The country's cinema sector includes 702 screens spread across 72 locations and caters to more than 200 nationalities.

Beyond entertainment: How storytelling is shifting in the digital age

In a world where our screens shape how we think, feel, and connect, entertainment has become more than an escape...

Latest News

Hamas will not govern post-war Gaza: Hamas source close to negotiating committee

Doha, Qatar -- A Hamas source close to the group's negotiating committee told AFP on Sunday that it will not...

OpenAI unveils ChatGPT app integration feature

San Francisco, United States - OpenAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with...

Trump’s Gaza plan wins Netanyahu backing, but hinges on Hamas disarmament

The plan calls for a ceasefire, release of hostages by Hamas within 72 hours, disarmament of Hamas and gradual Israeli...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Human ancestor Lucy gets first European showing in Prague

Prague, Czech Republic --The 3.18-million-year-old bone fragments of human ancestor Lucy, which rarely leave Ethiopia, went on display in Prague...
  • The ancient remains of the Australopithecus afarensis were discovered in Ethiopia in 1974.
  • The find was, at the time, the most complete ever made and revolutionized the understanding of humanity's ancestors.

Expectations high as Trump, Putin set to meet at Alaska: What each side wants

In a draft peace plan published in June, Russia called on Ukraine to withdraw its forces from the Kherson, Lugansk,...
  • For Putin, who has faced years of isolation from the West since the invasion, the summit is an opportunity to press Russia's hardline demands for ending the conflict
  • In addition to territory, Russia wants Ukraine to ensure the "rights and freedoms" of the Russian-speaking population and to prohibit what it calls the "glorification of Nazism".

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.
  • The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6 mmtpa.
  • As the world's third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.