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 discord in one of the two rival governments, based in the east and backed by Khalifa Haftar, where the...

    The political rupture in the east has reversed the fortunes of Bashagha, who a year ago launched an attack on Tripoli that was repelled after a day of deadly street fighting.

    Tripoli-based interim PM Abdulhamid Dbeibah has used the "paralysis of the eastern government to consolidate his grip on political and economic life in Libya", said an analyst.

  • The victim, surnamed Guo, received a video call last month from a person who looked and sounded like a close...

    Guo was persuaded to transfer $609,000 after the fraudster claimed another friend needed the money to come from a company bank account to pay the guarantee on a public tender

    Realising his mistake after messaging the friend whose identity was stolen, Guo alerted police who notified a bank to stop trasaction and he managed to recover his 3.4 million yuan

  • The Prime Minister Benjamin Netanyahu spent recent weeks cutting deals with his ultra-Orthodox and extreme-right coalition partners, to meet a...

    Thousands of Israelis marched through Jerusalem on Tuesday to protest the government's plans to hand more cash to the ultra-Orthodox minority

    The 2023-2024 budget of Israel was ultimately passed early Wednesday with the support of all 64 coalition lawmakers in the 120-seat parliament

  • Sporadic artillery fire still echoed in Sudan's capital, but residents said fighting had calmed following a US and Saudi-brokered ceasefire,...

    The battles since April 15 have killed an estimated 1,000 people, sparked mass evacuations of foreigners and forced over a million people to flee their homes.

    US Secretary of State Antony Blinken said in a video message that the truce is "backed by a remote monitoring mechanism" supported by the US.

  • With Europe off limits, Gazprom has turned toward Asia.

    Gazprom said, "Profit margins were impacted by an increase in tax payments in the second half of the year."

    Western sanctions have heavily impacted the company headed by Alexei Miller, a close ally of President Vladimir Putin.

  • LONDON, UK -  British Business and Trade Secretary Kemi Badenoch will hold talks for a modern, comprehensive trade deal as...

    British Business and Trade Secretary said, "We already have a strong trade and investment relationship with the Gulf nations."

    She said, "The GCC represents an enormous opportunity for UK firms, whether it’s selling brilliant British food and drink products."

  • BERLIN, GERMANY — No employee should be “subject to the will of a machine”, European trade union chief Esther Lynch...

    In the same way that EU treaties protect health and safety in the workplace, rules are needed to guarantee “the human-in-control principle” when it comes to AI, Lynch said.

    Lynch, general secretary of the European Trade Union Confederation since last December, will head the four-day ETUC Congress that kicks off in the German capital.

  • SHARJAH, UAE -   The Sharjah Chamber of Commerce and Industry (SCCI) has discussed strengthening trade and economic ties with diplomatic...

    The discussions focused on amplifying bilateral relations in industry, agriculture, food security, livestock and broadening trade exchanges.

    SCCI invited Indonesian businessmen to visit Sharjah to see the progress on existing projects and experience the facilities the emirate offers.

  • Indonesia and Iran signed a trade agreement in Jakarta where President Joko Widodo hosted his Iranian counterpart Ebrahim Raisi. Tehran...

    Under the pact, Iran will provide easier access for Indonesian exports including vegetable oil, cocoa, coffee and tobacco.

    Jakarta would lower tariffs on Iranian exports to Indonesia, including oil and its derivative products, minerals, chemicals and iron.

  • Speaking on the sidelines of the Qatar Economic Forum, Saudi Arabia's Minister of Energy Prince Salman said OPEC+ pursued three...

    “I keep advising them that they will be ouching — they did ouch in April,” Prince Abdulaziz bin Salman said. “I would just tell them: Watch out!”

    Prince Salman said that a future source of energy cannot be tackled amid foggy vision. He had called OPEC+ to stick to its Oct 2022 agreement.