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
  • The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second...

    The worse-than-expected figures come as inflation and higher interest rates have curbed demand in Europe's largest economy.

    Two consecutive quarters of shrinking gross domestic product is the threshold for a technical recession.

  • Blinken spoke during a Gulf Cooperation Council ministerial meeting in the capital Riyadh following talks with Saudi Foreign Minister Prince...

    The meetings came a day after Blinken flew into Jeddah, kickstarting a visit aimed at boosting ties with Saudi Arabia, which has begun forging closer ties with Washington's rivals.

    "The GCC is the core of our vision for a Middle East that is more stable, more secure, more prosperous," Blinken said at the opening of the US-GCC ministerial meeting.

  • His comments were a rare acknowledgement by a senior Abbas ally of waning fortunes for the party which has dominated...

    "I can tell you there is something of a decline in Fatah's presence among the masses," Mahmud Aloul, official of President Mahmud Abbas' Fatah party said.

    At 72, Aloul is one of the most senior figures in the Palestinian movement and is often mentioned as a possible successor to 87-year-old Abbas.

  • Through AI, users of a VR headset can have a "conversation" with Holocaust survivor Inge Auerbacher, asking about her encounters...

    The project is a collaboration between Los Angeles-based company StoryFile, the World Jewish Congress and Facebook-owner Meta,

    StoryFile co-founder Stephen Smith, who has worked in Holocaust education, said the technology allows users to "talk to history through the people who went through it".

  • Dubai, UAE - Iran’s pivot to Russia and China has been driven by various factors, most notably the United States'...

    The decision by the Trump administration to abandon the nuclear deal deeply disillusioned the Iranian leadership

    Iran's incremental moves toward China and Russia is said to indicate an unwillingness to redefine its national security doctrine

  • Riyadh, Saudi Arabia - US Secretary of State Antony Blinken met with Saudi Crown Prince Mohammed bin Salman in Jeddah,...

    The Secretary expressed appreciation for Saudi Arabia in hosting the D-ISIS Ministerial and stressed our joint efforts to fight terrorism, US State Department said

    Crown Prince and Blinken reviewed the bilateral relations and aspects of cooperation in various fields and ways to enhance them, Saudi Press Agency said

  • Lawmakers from opposition won 29 of the 50 seats up for grabs in the election, according to results announced by...

    According to the Kuwait Transparency Society, an NGO, turnout touched 50 percent one hour before polls closed, which is lower than last year's voter turnout of 63 percent

    Janan Bushehri. the only female member to be elected in the new parliament, said that she expected it to seek stability and make progress on economic or political issues

  • WASHINGTON, US- The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran's...

    The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use.

    Washington is concerned that Iran plans to develop nuclear weapons that could be loaded on ballistic missiles to menace Israel.

  • Italian Prime Minister Giorgia Meloni said Rome backed efforts to secure an IMF bailout for Tunisia and support to tackle...

    The IMF has called for legislation to restructure over 100 state-owned firms, which hold monopolies over many parts of the economy.

    Tunisia is struggling under crippling inflation and debt estimated at around 80 percent of its gross domestic product.

  • "We consider today an important day in the relations of the Islamic Republic of Iran and the Kingdom of Saudi...

    The Iranian mission resumes in its former premises in Riyadh's diplomatic quarter -- near Syria's embassy is also expected to reopen soon following Saudi outreach to Damascus.

    In March, Iran and Saudi Arabia agreed to restart their respective embassies and work towards resuming ties, after Riyadh in 2016 broke off relations following Iranian protests.