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
  • TUNIS, TUNISIA - Tunisia's coastguard said Friday it had intercepted over 14,000 migrants trying to reach Europe from January to March,...

    The figure has risen from 2,532 intercepted in the same period last year, including 1,657 from sub-Saharan Africa.

    Tunisia has long served as a launchpad for people fleeing conflict in countries as far afield as Cameroon and Sudan.

  • Dubai, UAE -- The Saudi Fund for Development (SFD) has signed a US$240 million loan agreement to support Pakistan's Mohmand...

    The project is co-financed by the Saudi Fund for Development, OPEC, Islamic Development Bank, and the Kuwait Fund for Arab Economic Development.

    By using renewable energy sources, the project will generate 800 MW of electricity production capacity.

  • World food prices are still high but have fallen by a fifth compared to a year ago when prices soared...

    FAO said the fall in benchmark prices was "driven by declines in world quotations for cereals and vegetable oils."

    The UN agency added that food remained expensive for developing countries highly dependent on imports.

  • France's foreign minister has held a rare face-to-face meeting with her Iranian counterpart in China, urging Tehran to release French...

    Foreign minister Amir-Abdollohian was leading the Iranian delegation in separate reconciliation talks in Beijing between Iran and Saudi Arabia.

    Contacts between Iran and European powers have reduced over Tehran's deadly crackdown on the protest movement that erupted in September.

  • On Thursday, the Israeli army said more than 30 rockets had been fired from Lebanese territory into Israel in the...

    Shells hit a field and damaged a house near the Palestinian refuge camp of Rashidiyeh, an area from where rockets were fired at Israel, AFP correspondents said.

    "There are no Hezbollah or Palestinian military positions here. The Israeli are unleashing their anger on banana groves," Mohsen Mortada, a resident of Qlayle, told AFP.

  • CAIRO/AMMAN, EGYPT/JORDAN -   Measles and polio vaccination campaign will be launched on Saturday across northwest Syria to protect some 800,000...

    The vaccination drive is supported by WHO, the Vaccine Alliance, UNICEF, in partnership with local NGOs and the Syria Immunization Group.

    Raising immunization levels among children is a priority in an area where the earthquakes partially or totally destroyed 67 health facilities.

  • The Russian foreign ministry said Lavrov, who last visited Turkey in June, will discuss the grain deal, which Moscow says...

    Sergei Lavrov joined Turkish Foreign Minister, at a dinner breaking the fast during the Muslim holy month of Ramadan before the pair headed into talks on Friday

    The foreign ministers are due to address a joint news conference at the presidential palace where Lavrov will also meet Turkish President Recep Tayyip Erdogan

  • South Africa's Justice Minister Ronald Lamola said the government was notified on Thursday evening of a Dubai court decision not...

    South Africa filed the extradition request in July last year after the two were arrested in Dubai a month earlier.

    The ultra-wealthy brothers ran a sprawling family business empire in South Africa for more than two decades after migrating from India.

  • Memory chip sales hammered by a global downturn.

    The firm said in a regulatory filing that January-March operating profits were expected to drop 95.7 percent to $455 million, their lowest level since the first quarter of 2009

    The anticipated drop in profits was because of "continuing weak demand for IT products that have aggravated the performances of all sectors", Samsung said in the statement

  • Tensions have soared between Israel and Palestinians during what is both the Jewish Passover and the Muslim holy month of...

    The strikes were launched around 4 am (0100 GMT), hitting both the Gaza Strip and southern Lebanon, an Israeli army statement said

    The latest flare-up of violence comes after Israeli police clashed Wednesday with Palestinians inside Jerusalem's Al-Aqsa mosque