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
  • Two affiliates of ABB pleaded guilty to bribery charges.

    Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act

    In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.

  • Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...

    Poland had refused to back the price cap plan over concerns the ceiling was too high.

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports.

  • PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...

    Many specifics of the aircraft are being kept under wraps.

    The plane will offer significant advances over existing bombers in the US fleet.

  • Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian...

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

    More than 100 Belgian companies are operating in the UAE. People-to-people contacts are flourishing also in arts, culture and sports, says the Belgian ambassador

  • While acknowledging Ankara's security concerns in northeast Syria, the US has warned Turkey not to create impediments in its operations...

    White House National Security Council spokesman John Kirby said that while "Turkey does have a right to defend itself," the operations carry a heavy risk

    He noted that the "strategic level" of cooperation with SDF forces was not in danger

  • The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...

    The price cap, negotiated between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude oil from Monday

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports

  • PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...

    Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.

    According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.

  • The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...

    The UAE will work towards a world where human progress is an inalienable right for all.

    The UAE views the G20 as a forum that plays a critical role in multilateral efforts.

  • GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...

    EU contribution will focus on strengthening health systems to make them more resilient and responsive to natural, climate or human-made disasters.

    The partnership with WHO is a key deliverable of the new EU Global Health Strategy adopted by the European Commission.

  • LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production...

    In October the OPEC+ agreed to reduce output by two million barrels per day (bpd) from November.

    Since the October meeting, oil prices have been plummeting to their level of early 2022, far from the peaks above $130 a barrel in March