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
  • “This economy merges national skills and technological solutions, creating an advanced model that contributes to achieving the goals of the...

    The UAE is aiming to significantly boost the digital economy's contribution to the non-oil GDP over the next decade.

    Efforts are being ramped up to accelerate the adoption of digital solutions across various sectors in the Gulf country.

  • Gross profit for 2023 rose 1.1 percent compared to 2022.

    The growth was mainly attributed to the increase in commercial unit revenues by 5.1 percent

    It was also due to rise in carriers and wholesale unit revenues by 1.4 percent in stc KSA,.

  • FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...

    The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.

    The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.

  • TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...

    Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.

    During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.

  • SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...

    The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.

    The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.

  • The portion of the revenues that Israel will transfer to Norway will remain in a Norwegian account until the parties...

    Under a 1994 agreement, the PA receives taxes that Israel collects on its behalf -- but Israel has withheld some of these since Hamas's attack

    The Palestinian Authority has refused to accept any transfers unless Israel changes its decision, an impasse that has lasted for several months

  • Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact...

    Technology investment and corporate partnerships can play a crucial role in driving significant emission reduction, Hans Kobler of Energy Impact Partners tells TRENDS.

    He stresses the need for concrete action, emphasizing the importance of pragmatic strategies and sustained investment to overcome the challenges of climate finance.

  • The Houthis, who control vast swathes of Yemen, have said the attacks, beginning in November, have targeted vessels linked to...

    Many companies have chosen to divert their vessels to avoid the Red Sea

    US and UK strikes on Houthi targets have failed to halt the rebel attacks

  • Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2...

    China's foreign-exchange regulator said the ratio of the current account surplus to gross domestic product was 1.5 percent last year

    The administration's data shows the surplus under trade in goods came in at $608bn last year, the second highest level in the history

  • Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its...

    The increase can be attributed to the positive momentum generated by the disclosure of financial results, the majority of which met anticipated outcomes

    The gains in the Agriculture & Food, Building & Construction and Hotels & Tourism sectors also led shares higher