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

Saudi real estate sector builds on vision beyond oil

TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term,...

Houthi and Saudi engage in ‘positive’ talks

Saudi Arabia and Iran-backed Houthi rebels put a positive spin on the inconclusive talks in Riyadh as diplomatic efforts increased...
  • The Saudi-Houthi talks in Riyadh were the latest ray of light for Yemen, which has endured decades of instability.
  • Houthi spokesman Mohammed Abdel Salam, who led the delegation, indicated that both sides were looking for solutions.

MEA brands focus on personalized customer experience

"Post-Covid GCC travel trends are promising: about 50% of customers plan to increase digital spending in travel and retail. With...
  • In the digital era, customer engagement is vital, shifting from transactional ties to interactive bonds; 20% of engaged patrons drive 80% of sales through endorsements
  • Post-Covid, travelers see personalized offers, not just reminders; 34% might switch due to poor communication; GCC sees rising digital spend; CEPs promote sustainable growth.

‘Qatar leads the charge in food security initiatives’

Several ministers of agriculture and food security from UN's Food and Agriculture Organization member states at the event discussed key...
  • Qatar plays a major role in advancing food security at local, regional, and global scales, says Qatar’s Municipality Minister
  • The country's key initiatives include dairy cow importation, poultry self-sufficiency, and innovative greenhouse techniques

Turkiye and EU to modernize the customs union agreement

Ankara, Turkey - Turkiye and European Union (EU) on Wednesday discussed the resumption of talks to modernize the customs union...
  • Turkish Trade Minister Omer Bolat said that he discussed with the European officials the resumption of talks to modernize the customs union agreement
  • The two sides also discussed the green transformation and cooperation in financing, stressing the continuation of the positive agenda between both sides

India tops list of new Dubai Chamber of Commerce members during H1 2023

Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...
  • A total of 6,717 new Indian-owned companies signed up for membership in H1 2023, compared to 4,845 in H1 2022
  • In total, Indian companies accounted for 22.3% of the 30,146 new companies that joined the chamber in H1 2023

Improving power situation in Libya brightens life

Till last year, outages could last 20 hours, turning the streets dark and leaving residents sweltering in temperatures above 40...
  • Chronic electricity shortages had shaped the daily lives of Libyans since the fall of Moamer Kadhafi in a NATO-backed 2011 uprising.
  • A decade of stop-start fighting between rival groups followed, adding combat damage and looting to the dilapidated grid in Libya.

Sultan AlNeyadi set to return to earth on September 3

Dubai, UAE – Sultan AlNeyadi, along with his international crewmates, is set to return to Earth on September 3 after...
  • AlNeyadi, joined by NASA astronauts Stephen Bowen and Warren Hoburg, as well as Roscosmos cosmonaut Andrey Fedyaev, will depart the ISS on September 2
  • Re-entry into Earth's atmosphere will subject the spacecraft to intense heating and drag, effectively slowing its velocity to a safe level for parachute deployment

Bahrain offers prisoners more rights after hunger strike

DUBAI, UAE - Bahraini authorities have agreed to offer prisoners extra rights, including more visiting hours, following a mass hunger strike...
  • The interior ministry said it would "increase the duration of visitations" and was looking to raise the time inmates are allowed outdoors.
  • The strike has triggered rare street protests by relatives of the prisoners demanding their immediate release.

DP World, Evyap Group ink pact

The partnership aims at enhancing trade infrastructure.
  • Following the completion of the transaction, the firm DP World will own 58 percent of Evyap Port.
  • Evyap Group will own 42 percent of DP World Yarimca, the entity will be named DP World Evyap Port.

Israel returns 15 bodies to Gaza after hostage remains identified

It came after Israel announced that a body handed over by Hamas on Tuesday was that of Dror Or, one...

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End of a love affair: news media quit X over ‘disinformation’

Paris, France -- News outlets have begun quitting X, formerly Twitter, once a favorite of global media but now accused of...

Lebanon economic losses top $5 billion in year of clashes: World Bank

Beirut, Lebanon -- More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion...

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
  • Avia's first firm order with the aviation giant comes with an option to add another 40 jets later, Boeing and Avia said in a statement.
  • The purchase announcement came shortly after striking workers at Boeing last week approved a new contract proposal, ending a more than seven-week stoppage that cost it billions

Saudi crown prince demands Gaza, Lebanon ceasefires at Arab summit

Prince Salman also called on Israel not to attack Iran, highlighting improving ties between Saudi Arabia and its former regional...
  • Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon".
  • A draft resolution for the summit stresses "firm support" for "national rights" for the Palestinian people, "foremost among which is their right to freedom".

Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon

Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
  • The Saudi foreign ministry announced the summit in late October during the first meeting of an "international alliance" pushing for a two-state solution.
  • The 57-member OIC and 22-member Arab League include countries that recognize Israel and those firmly opposed to its regional integration.