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

  • Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...

    Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea for the "foreseeable future" after Yemeni rebels attacked its merchant ships

    Vessels are circumnavigating Africa via the Cape of Good Hope, which extends the journey between Asia and Europe by 10 to 20 days on average, said general manager of Ovrsea

  • “Biomedical and health informatics professionals attending MedInfo 2027 will enjoy a world-class event in a thriving global city within close...

    Dubai successfully bids for World Congress of Medical Informatics (MedInfo) 2027.

    The emirate becomes first city in the MENA region to host this prestigious event.

  • Abu Dhabi, UAE - The aggregate market capitalization of the top 16 national companies listed on local exchanges stood at...

    The 16 listed companies accounted for about 74% of the total market capitalization of the local stock markets, which was around $998 billion at the close of trading

    The IHC held the top position with a market capitalization of more than $244 billion, approximately 24.5% of the local markets' capitalization

  • The GCC region is on the brink of a major tech revolution, led by advancements in AI, fintech, and sustainable...

    The GCC region is on the brink of a major tech revolution, led by advancements in AI, fintech, and sustainable technology, UAE-based tech expert Dua Al Toobi tells TRENDS.

    Innovations are set to reshape the Gulf's economic and social landscape in 2024, marking a pivotal shift towards a knowledge-based economy, adds Al Toobi.

  • The data supports comments by European Central Bank (ECB) chief Christine Lagarde, who has warned that Europe should remain on...

    Energy prices in the eurozone fell in December, by 6.7 percent on an annual measure, but that was less than the 11.5 percent drop in November

    Among the 20 countries that use the euro, Belgium and Italy had the lowest inflation rate, reaching 0.5 percent in December

  • World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...

    Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.

    The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.

  • Riyadh, Saudi Arabia - Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of...

    The expansion in the sector is largely propelled by the introduction of the mandatory health insurance for private sector workers and their dependents

    Saudi Arabia saw an 18% surge in health insurance beneficiaries in 2022, reaching a total of 11.5 million individuals by year-end

  • "Most of the global trends are positive if analyzed in terms of economic value. Countries have developed and lifted millions...

    Al Gergawi emphasizes the pivotal role of Gulf countries in shaping global agendas, from environmental discussions at COP28 to major events like the World Cup.

    He underlines the criticality of understanding the new global changes, including tech advancements, and the balance between positive global trends and challenges.

  • The aim is to redefine outdoor media advertising in Abu Dhabi.

    Penguin and SkyBlue will collaborate on key advertising locations, with this being the Malaysian firm’s first move into the Abu Dhabi market.

    This follows an agreement between the Malaysian outdoor advertising company with the Road and Transport Authority (RTA), Dubai.

  • DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an...

    December 2023 finished for Dubai Duty Free with record monthly sales of US$221 million, an 8.37 percent increase compared to 2022.

    It's 40th anniversary celebrations offered a 25 percent discount on December 20 which led to a shopping spree of $14.8 million in 24 hours.