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
  • Jerusalem---Gas production has started at Karish, an offshore field at the centre of a maritime border deal between Israel and...

    The announcement comes a day before Lebanon and Israel are expected to sign their maritime deal, following lengthy negotiations mediated by Washington.

    Energy assets were fiercely contested in the talks, with Israel ultimately securing full rights over Karish as part of the accord.

  • The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...

    The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.

    The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.

  • "The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...

    Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.

    Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.

  • Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran...

    Antony Blinken said he would speak to Herzog about "the real concern that we have about the violence that we're seeing on the West Bank"

    Israel has not been willing to provide Ukraine with the Iron Dome, its state-of-the-art defensive air umbrella developed with the United States

  • The Palestinian health ministry said five people were killed in Nablus in the northern West Bank, where Israel confirmed an...

    Israeli Prime Minister Yair Lapid said that "the head" of the Lions' Den, was among those killed

    US Secretary of State Antony Blinken said the US had "real concern" over the West Bank violence

  • Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large...

    The latest deals come three weeks after Turkey's Foreign Minister Mevlut Cavusoglu signed a deal in Tripoli allowing for oil and gas exploration in Libya

    The agreement was rejected by a rival administration in the war-torn country's east, as well as neighboring Egypt

  • Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh

    Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy

  • Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...

    George Osborne, Former First Secretary of State, UK said the US and China need to find a way to work together in order to make the world a better place.

    Some rules and policies that came into existence post WW II are not fair to many Asian and African nations, said Senegal's president Macky Sall.

  • SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...

    GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.

    The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.

  • The International Criminal Court has opened an investigation into the Israeli-Palestinian conflict, expected to focus in part on possible war...

    Thirty-one civilians were among the 49 Palestinians killed in the Israeli-blockaded Gaza Strip during the three-day conflict, the global rights group said in a new report

    The London-based organization pressed the ICC to "urgently investigate any apparent war crimes committed during the August 2022 Israeli offensive" in the Palestinian enclave