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 ministers agreed to maintain "institutional" communication to follow up on the implementation of the trilaterally agreed upon projects and...

    The ministers agreed to maintain "institutional" communication to follow up on the implementation of the trilaterally agreed upon projects and coordinate future steps

    They also agreed to hold upcoming meetings within the framework of the tripartite cooperation mechanism in preparation for the fourth summit in Egypt next year

  • The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between...

    The Chinese president's visit to Saudi Arabia aims to enhance bilateral relations in several fields, including energy, security, transportation, infrastructure and investment

    The trip -- only Xi's third overseas since the coronavirus pandemic began -- comes after US President Joe Biden's visit in July, when he pleaded for higher oil production

  • The trip -- only Xi's third overseas journey since the coronavirus pandemic began, and his first to Saudi Arabia since...

    Oil markets are expected to be a top agenda item for talks between China and Saudi, especially given the turbulence the markets have experienced since Russia invaded Ukraine.

    China is the top customer for oil from Saudi Arabia, the leading exporter of crude, and both sides appear keen to expand their relationship.

  • Around 3,000 officers including elite anti-terror units took part in the early morning raids and searched more than 130 properties,...

    Suspects include alleged members of "Citizens of the Reich" movement, suspected of "having made concrete preparations to violently force their way into the German parliament.

    The Reichsbuerger movement includes neo-Nazis, conspiracy theorists and gun enthusiasts who reject the legitimacy of the modern German republic.

  • Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is...

    The red-and-gold Chinese emblem alternated with the green flag of Saudi Arabia along major roads in Riyadh, while Xi was pictured on the front pages of newspapers.

    China, the world's second-biggest economy, is the top customer for oil from Saudi Arabia, the leading exporter of crude, and both sides appear keen to expand their relationship.

  • Signs of reconstruction dot the city of 1.5 million, with workers constructing a new bridge, and cafes and restaurants buzzing....

    Like in much of oil-rich but war-ravaged Iraq, ramshackle public services and deep economic difficulties continue to hamper people's daily lives

    Iraqi forces with the help of a US-led coalition wrested back Mosul in July 2017 after gruelling street fighting

  • There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in...

    Sports authorities have not commented, but Saud, an engineering professor at Qatar University, said an air-conditioned marathon course could be built.

    Saud, who previously developed air conditioning for Ford Mondeo cars, spent 13 years working on the cooling used at seven of the eight World Cup stadiums.

  • The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...

    The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".

    The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

  • The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the...

    Many countries are already facing or at risk of debt distress with surging global inflation and rising interest rates.

    The external debt of International Development Association countries also nearly tripled in the decade leading up to 2021.

  • TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday...

    Rival administrations in east and west have vied for power in Libya since March.

    Libya aims to raise its oil output from around 1.2 million barrels per day currently to 2.0 million bpd by 2027, NOC chairman Farhat Bengdara said.