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
  • RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for...

    Total FDI in Saudi Arabia's economy during Q4 of 2023 totaled about US$5 billion.

    GASTAT said the results are based on a household survey conducted by the authority.

  • Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports...

    Saudi Arabia leads GCC efforts towards defense self-reliance by creating the first military industries committee, aiming to reduce foreign imports and enhance local capabilities.

    The initiative targets over 50 percent nationalization of the military industry by 2030, driven by economic and technological sovereignty, aligning with the Saudi Vision 2030.

  • ABU DHABI, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group specifically for...

    This initiative aims to support and represent the interests of startups and SMEs in the region.

    The goal is to make Abu Dhabi the top choice for business in the Middle East and North Africa by 2025.

  • ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...

    They will develop a greenfield industrial steam and electricity cogeneration plant for Amiral petrochemical complex.

    The Amiral petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region.

  • AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar. Exchange...

    There are positive indicators suggesting a stabilization in Jordan’s economy.

    Presently the currency exchange sector comprises 250 firms across Jordan.

  • "There is a need to double efforts to develop a comprehensive blueprint outlining necessary policies to drive the media sector...

    Sheikh Ahmed bin Mohammed emphasizes the need for an immediate overhaul in Dubai's media sector.

    Proactive steps aim to align Dubai's media with international best practices and ethical standards, he adds.

  • Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...

    Chairman of Qatar Tourism Saad bin Ali bin Saad Al Kharji said Qatari tourism sector has witnessed significant development in recent years

    Al Kharji said that it is one of the main pillars of the state's strategy for economic diversification under the Qatar National Vision 2030

  • The region is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and...

    The bloc is spearheading sustainability initiatives to address climate challenges, with Saudi Arabia making significant strides towards renewable energy and clean technology.

    The EU's $3.6 billion climate tax on shipping pushes for greener maritime practices, while the environmental toll of war demands global accountability and swift action.

  • oil

    Amman, Jordan--Jordan's import bill for crude oil, derivatives, and mineral oils saw a notable decline in January this year, according...

    According to the Department of Statistics, there was a decrease in the value of oil imports, totaling $361m for January, compared to $427.36m the last year

    The fall had a positive impact on Jordan's trade balance, with the overall value of imports declining by 19.7% in January compared to the previous year

  • As the only  bidder, Saudi Arabia was anointed host of the 2034 World Cup last October by FIFA. Infrastructure is...

    To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document

    Saudi sports ministry is preparing to issue tenders worth 10 billion riyals ($2.69 billion) to build and expand football venues, according to domestic media