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

  • "By leveraging advanced data analysis techniques to process extensive datasets from diverse sources, including genomic data, scientific literature, and clinical...

    AI is transforming drug discovery, diagnostics, and personalized treatments, marking a new era in medical research.

    The UAE, especially Abu Dhabi, is setting global standards in longevity and healthcare integration for better future.

  • Tehran, Iran – Iran and India on Monday finalized an agreement for the development of the strategic Chabahar port in...

    Chabahar Port, Iran's sole oceanic port on the Gulf of Oman, holds strategic importance both strategically and economically

    In May 2016, India, Iran, and Afghanistan signed a trilateral agreement for the Chabahar port, facilitating New Delhi's access to Kabul and Central Asia

  • Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut...

    The ministry had previously directed licensed recruitment companies and offices to set the upper limit for the costs of recruiting domestic worker services from some nationalities

    The decision comes within the framework of the ministry’s effort to develop all services, improve the labor market environment and enhance its attractiveness

  • Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...

    "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.

    Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.

  • Riyadh, Saudi Arabia -- Saudi Arabia’s inflation declined to 1.5 percent in December 2023, compared with 1.7 percent in November, according to recent...

    The cost-of-living index for December rose to 110.15 points, according to the base year 2018, from 108.53 points in the same month a year earlier.

    Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.

  • A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...

    Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.

    With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".

  • Davos-Klosters, Switzerland--Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as...

    Around 56% economists expect the global economy to weaken this year, while 43 percent foresee unchanged or stronger conditions

    In the MENA region, US the outlook is weaker too, with about six in 10 respondents foreseeing moderate or stronger growth this year

  • Riyadh, Saudi Arabia - The Saudi National Program to Combat Commercial Concealment has exposed various instances falling under the umbrella...

    The government identified cases of cover-up, including scenarios where a Saudi citizen transfers ownership of a commercial establishment to a non-Saudi individual

    A key point of differentiation stressed by the program is between commercial cover-up and the concealment of labor violations

  • The IMF sees an important opportunity for policy prescriptions to help address these concerns, Georgieva told AFP. "We must focus...

    The IMF report notes that half of the jobs impacted by AI will be negatively affected, while the rest may actually benefit from enhanced productivity gains due to AI

    AI will initially have a lower impact on developing economies and they are also less likely to benefit from the advantages of the novel technology, according to the report

  • "This is in the service of humanity and in building an interconnected and innovative future in various fields, including public...

    Saudi Arabia has emerged as a major technology hub with a $43 billion market.

    The Kingdom sees significant growth in women's empowerment and digital capabilities.