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
  • Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...

    Flaring, the practice of burning natural gas during oil extraction, reached 151 billion cubic meters (bcm) in 2024, up 3 bcm from the previous year.

    While some countries have reduced flaring, the top nine largest-flaring countries continue to account for three-quarters of all flaring.

  • Turkey's parliament on Saturday passed a controversial bill that opens certain agricultural lands including olive groves to mining activities, local...

    The bill, part of a broader package proposed by President Recep Tayyip Erdogan's ruling AKP party, sparked protests from opposition parties and environmental groups

    Farmers from across Turkey have gathered outside parliament over the past two weeks, urging the government to withdraw the draft, with some starting a hunger strike this week

  • The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...

    This week he suggested he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve headquarters.

    The G20 is made up of 19 nations and two regional organizations and its members account for more than 80 percent of the world's economic output.

  • US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...

    The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.

    Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.

  • Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...

    The tragedy underscores how so-called sextortion scams targeting children are growing around the world, particularly with the rapid proliferation of "nudify" apps

    Elijah Heacock, 16, was just one of thousands of American minors targeted by such digital blackmail, which has spurred calls for more action from tech platforms

  • Washington, United States - US President Donald Trump heads to Pennsylvania on Tuesday to announce energy and infrastructure deals intended...

    Trump will make the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University

    The tech world has fully embraced generative AI as the next wave of technology, but fears are growing that its massive electricity needs cannot be met by current infrastructure

  • French President Emmanuel Macron on Saturday condemned US President Donald Trump's threat to impose 30-percent tariffs on the European Union,...

    US President Donald Trump on Saturday warned that Mexico and the EU would be slapped with 30-percent tariffs starting on August 1

    Expressing France's "very strong disapproval" of the announcement, Macron called on the bloc to "step up the preparation of credible countermeasures

  • Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the...

    The event brought together more than 150 prominent business leaders from both countries and formed part of the official visit of Dr. Al Jaber to Germany

    The establishment of the UAE-Germany Business Council reflects the strong and long-standing economic partnership between the two nations

  • An output cut of one million barrels per day (bpd) was being discussed at OPEC+, sources said before the announcement. Credit: Pixabay

    In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...

    That rising demand will be "driven by expanding economic growth, rising populations, increasing urbanization, and the new energy-intensive industries like AI.

    The IEA said last month that it expects global oil demand begin to decline in 2030, driven by the rise of electric cars and the shift away from crude to produce power.

  • Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin (also spelled Tarabin) Bedouin tribe, who signed a...

    Tirabin al-Sana in Israel's Negev desert is the home of the Tirabin Bedouin tribe, who signed a contract with an Israeli solar energy company to build the installation

    The deal has helped provide jobs for the community as well as promote cleaner, cheaper energy for the country, as the power produced is pumped into the national grid