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
  • Tripoli, Libya -- Libyan security forces said Thursday they had arrested a second US citizen for alleged Christian proselytizing in...

    On Thursday, the Internal Security Agency said it had arrested the center's assistant director in Tripoli, identifying him by the initials "SBO".

    The arrest came a day after another US citizen, who was also teaching at the same private language school in the capital Tripoli.

  • Countries must do more to avert the costly consequences of growing global trade fragmentation, and help avert a "second Cold...

    Multilateral institutions like the World Bank and IMF have an important role to play in preventing the world from splintering into different blocs.

    An IMF report said that growing trade fragmentation due to Brexit, US-China trade war and Russian invasion of Ukraine, could make the global economy.

  • Russia delivered a new warning to the West over a grain deal with Ukraine, saying a number of conditions must...

    Russia, whose economy has been hit by a raft of Western sanctions, has repeatedly threatened to walk away from the agreement if obstacles to its own exports remain.

    There are no sanctions on Russian exports of food and fertilizers to global markets but the problems are related to sanctions on shipping, insurance companies and banks.

  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    Friday's nine-nation talks in Jeddah come after Syria's foreign minister arrived on a previously unannounced visit -- the first since...

    Ministers and top officials from the six GCC nations -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE-- along with Egypt, Iraq and Jordan will meet in Jeddah.

    On the table is Syria's suspension from the Arab League, in place since President Bashar al-Assad's government launched a bloody crackdown on pro-democracy protests in 2011.

  • Tunisia has recovered 14 bodies of migrants from sub-Saharan Africa in the Mediterranean, bringing to 24 the number of dead...

    Dozens of migrants, mostly from sub-Saharan Africa, have drowned off Tunisia in recent weeks in desperate attempts to reach Europe.

    Tunisia's coastline is less than 150 kilometers from the Italian island of Lampedusa and is a favored spot for migrants attempting to enter Europe.

  • Even before the roasting summer months, the soil is dry and dusty in the small Mediterranean country, whose water resources...

    At a time when the global cereals market has been disrupted by Ukraine war, Tunisia's domestic grain production has also withered under a lack of rainfall that has killed off crops

    UTAP has called on the government to urgently announce a drought and state of water "emergency" and has demanded a "clear strategy" to boost Tunisia's water reserves

  • Tunisia's Saied had said last month he planned to restore diplomatic relations with Syria. Tunisia expelled Syria's ambassador in 2012...

    Syria's decision followed a similar move by Tunis on April 3, when Tunisian President instructed his foreign minister to appoint an ambassador to Damascus

    Since the quake, Syrian President Bashar al-Assad has received calls and aid from Arab leaders, momentum analysts say he could leverage to bolster regional support

  • In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The...

    Qatar's foreign ministry said that the neighbors "decided to restore diplomatic relations between the two countries" as per the UN's charter

    The two countries' relations have been more difficult to restore because of many thorny issues including their maritime border

  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey,...

    Saudi Arabia is also negotiating with Yemen's Iran-backed Houthi rebels, eight years after launching a military intervention aimed at dislodging them from power.

    Riyadh broke off relations in 2016 after Iranian protesters attacked Saudi diplomatic missions following the execution of Saudi Shiite cleric Nimr al-Nimr.

  • Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...

    Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value

    Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries