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
  • A handout picture provided by the Iranian Red Crescent (RCS) shows security forces gathered at the scene of a blast at a coal mine in Tabas in Iran's Khorasan province on September 22, 2024. (Photo by Iranian Red Crescent / AFP)

    A blast caused by a gas leak at an Iranian coal mine has killed at least 51 people, state media...

    A leak of methane gas led to the blast in two blocks of the mine, which is owned by the private Iranian firm Madanjoo

    State TV broadcast footage of ambulances and helicopters arriving at Tabas in eastern Iran to transport the injured to hospital

  • The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19...

    Global markets brace for the first rate cut by the Federal Reserve this week

    High level of uncertainty around whether it will cut by 25 basis points or 50

  • Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...

    Age bias in the world of work is real, but it is more complex and nuanced than the common narrative around ageism.

    These hidden struggles, coupled with a higher rate of rejection than among other applicant pools, can trigger a dangerous descent into a resignation mindset

  • The Kingdom’s tourism and entertainment investments, including a new star rating system, support growth in hospitality, positioning Saudi Arabia as...

    Residential sale prices experienced 10% year-on-year increase in H1 in Riyadh and average rents grew by 9% annually

    In Jeddah, the pace of growth was slightly slower, with sale prices rising by 5% and rents increasing by 4% year-on-year during the same period

  • Asian stocks dithered and the dollar slipped on Monday in a week that is almost certain to see the start...

    Futures imply 59% chance of outsized Fed rate cut

    Policy makers project 100 basis points of cuts this year and 150 basis points for 2025

  • Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1"...

    S&P explained that its affirmation of the Kingdom's strong credit rating results from the Kingdom's reforms and investments

    It expected that the Kingdom's gross domestic product (GDP) will continue to grow during the years 2024-2027

  • The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...

    This year, crypto activity increased across countries of all income brackets

    Central & Southern Asia and Oceania accounted for over $750 billion in crypto asset inflows

  • Eurozone, ECB, federal reserve,intereset rate

    The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of...

    In July, the ECB left interest rates unchanged in a unanimous vote following June’s landmark cut

    Headline inflation in the EURO hit a three-year low in August with a reading of 2.2%

  • With 93% of Saudi workers considering generative AI essential, alongside 95% in the Middle East and 79% globally, the region's...

    68% of Saudi workers use generative AI weekly, compared to 55% globally, while an overwhelming 93% consider it an essential tool at work

    The New York Times reported that representatives from Saudi Arabia's PIF have discussed potential partnerships with leading Silicon Valley venture capital

  • Tourism is a major contributor to the Kingdom's economic diversification efforts, the IMF notes in its 2024 Article IV Consultation...

    The sector's direct and indirect contribution to GDP reached 11.5 percent in 2023, with expectations to grow to 16 percent by 2034.

    Central to this growth has been a combination of strong domestic demand and increased international arrivals.