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
  • Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...

    In 2018 a conservative government led by Scott Morrison followed former US president Donald Trump's lead in naming West Jerusalem as the Israeli capital

    Palestinians claim the eastern part as the capital of a future Palestinian state

  • The arrests are the latest after courts handed heavy prison sentences to several dozen people, many from Sudan, on charges...

    On June 24, some 2,000 mostly Sudanese migrants attempted to enter the enclave by force

    At least 23 people died in the attempt, the worst toll in years of such attempted crossings

  • The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...

    The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world

    Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".

  • UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...

    Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.

    The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.

  • "Borrell’s remarks are a disappointing development that comes at a time when all parties are aware of the importance of...

    Borrell said in a speech in Bruges, Belgium that “Europe is a garden, but most of the rest of the world is a jungle, and the jungle could invade the garden”.

    The UAE asked the Office of the High Representative to "provide a written explanation of the High Representative’s hurtful and discriminatory comments".

  • Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which...

    The new government team, led by Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah comes after lawmakers objected to an initial line-up in early October.

    The new government will be tasked with dealing with "priority issues" such as development, investments and the fight against corruption.

  • Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over...

    Iran will "decide and act immediately in accordance with the decisions and actions" taken by EU member countries.

    Iran has been rocked by demonstrations since the death of 22-year-old Amini and a crackdown on protesters.

  • Abu Dhabi, UAE---The United Arab Emirates will contribute $25 million toward Al Makassed Hospital in East Jerusalem in collaboration with...

    At Al Makassed Hospital , it is expected that more than 130,000 people will benefit from its health services.

    Sultan Mohammed Al Shamsi, Assistant Minister of Foreign Affairs, said the agreement reflected UAE's historic commitment to Palestinians.

  • It has agreed to pay $495 million as part of a deal reached with US prosecutors in a long-running dispute...

    In the claim filed in 2013, Credit Suisse was criticized for not having provided sufficient information on the risks relating to $10 billion of mortgage-backed securities

    Last year, Credit Suisse paid $600 million to financial guarantee insurer MIBA to settle other long-running litigation connected to the US subprime mortgage crisis

  • US National Security Advisor Jake Sullivan told CNN on Sunday that Biden would "act methodically, strategically" in re-evaluating US-Saudi relations,...

    Saudi Arabia has insisted the OPEC+ decision was purely economic and said US weapons sales serve both countries' interests

    The Biden administration has voiced openness to retaliatory measures in Congress by enraged fellow Democrats