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
  • Mohammed Al-Jadaan also warned of risks if the central bank digital currency was introduced as it will require citizens to...

    Saudi Arabia is likely to be among the world's fastest-growing economies in 2023, he said, citing the IMF global economic growth expectations for 2023.

    He also emphasized the importance of financial institutions, such as banks, for countries in combating global shocks, while continuing to develop technology in this sector.

  • PARIS, FRANCE - Iran has released a prominent chef and Instagram influencer who was detained earlier this month in its crackdown...

    Navab Ebrahimi, known for his videos promoting Persian cooking, was arrested in Tehran on January 4 and taken to the city's Evin prison.

    Iran has arrested at least 14,000 people in protests sparked by the September 16 death in custody of Mahsa Amini, a 22-year-old Iranian Kurdish woman.

  • Steve Hanke, an economist at Johns Hopkins University who measures inflation based on purchasing power parity and factoring in black...

    Egypt's official annual headline inflation hit 21.9 percent in December, and food prices surged 37.9 percent

    According to the World Bank, nearly one-third of Egypt's 104 million people already live below the poverty line

  • Abu Dhabi, UAE-- The UAE and Morocco have agreed to deepen parliamentary cooperation between the two countries in order to...

    The two sides reviewed aspects of enhancing parliamentary cooperation for the benefit of their peoples, highlighting the depth of the UAE-Morocco fraternal ties

    The UAE's support for sustainability efforts, enhancing energy security and climate action was emphasized in the meeting

  • Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States...

    European parliament speaker Roberta Metsola pledged to the demonstrators that the EU was standing with the protesters in Iran

    Activists accuse the Revolutionary Guards of playing a key role in the crackdown on the protests which according to rights groups has left hundreds dead

  • Violence broke out in an illegal camp in Casablanca when police sought to remove migrants, injuring an officer and leaving...

    The area on the edge of Casablanca is periodically the scene of tensions between authorities and migrants living in scattered, unsanitary camps

    The Moroccan Association for Human Rights (AMDH) denounced police "violence" during the operation

  • Geneva, Switzerland: A project powered by Artificial Intelligence piloted in Turkey last year has improved wildfire prediction by combining static...

    The FireAId initiative, launched by the World Economic Forum in Jan 2022, is being scaled for wider use.

    In the US, there have been around 1.5 million wildfires since 2000, burning an average 7 million acres annually.

  • Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...

    In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.

    One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.

  • DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...

    Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.

    The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.

  • European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...

    Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.

    The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.