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
  • Accusing the US President Joe Biden of "inciting chaos" after he expressed support for protests in Iran, President Ebrahim Raisi...

    The street violence has led to dozens of deaths, mostly among protesters but also among the security forces, and hundreds have of demonstrators been arrested

    Biden had said Friday that "we stand with the citizens, the brave women of Iran

  • It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.

    The plant has the production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 Cubic Metres per Day.

    DEWA aims to increase its SWRO production capacity to 303 MIGD by 2030, reaching 42 percent instead of its current share of 13 percent.

  • The anti-corruption commission announced Sunday it has launched an investigation and said in a statement that it will provide the...

    The finance ministry's probe uncovered a theft of 3.7 trillion Iraqi dinars (about $2.5 billion) from the account of general commission for taxes at Rafidain Bank

    Iraq ranks 157 out of 180 countries in Transparency International's corruption perceptions index and criminal charges are rare in the country

  • The agreement in principle, reached between IMF staff and Tunisian authorities meeting this week in Washington, still requires the approval...

    Under a four-year accord, Tunisia has committed to undertake a "comprehensive economic reform program" as the country gets access to the money.

    On Saturday, thousands of people took to the streets of Tunis and protested against the policies of President Kais Saied who seized power last year.

  • UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...

    The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.

    The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.

  • Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...

    The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.

    The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.

  • The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...

    An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President

    The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.

  • Tehran, Iran - "Troubles" erupted between inmates and guards at Tehran's Evin prison and a fire broke out but the situation...

    "Troubles and clashes took place on Saturday night" in the prison and "rioters" started a fire, local news agency said

    At least eight people were injured, but "the situation is currently completely under control," said the security source.

  • The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...

    The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.

    More than 100 British negotiators representing different sides of the British government participated in the round.

  • Dubai, UAE—Dubai Police has recorded a 65 percent drop in the number of criminal reports during the third quarter of...

    The statistics were revealed during the quarterly appraisal meeting of the General Department of Criminal Investigations (CID)

    Lt. Gen. Al Marri, head of Dubai Police, commended the efforts made by the dedicated officers and employees of the CID to apprehend the perpetrators of crimes