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 Kremlin on Tuesday warned it would respond if the European Union makes it harder for Russians to travel to...

    The idea to ban Russian tourists from Europe has divided EU nations, with some in full support and some against it.

    The European Union had already suspended visa facilitation for Russian official delegations and business leaders.

  • Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.

    Country risk assessment is the process of determining a nation's ability to transfer payments.

    It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk. 

  • European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...

    Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.

    In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant

  • Saudi Arabia has seized over 700 million narcotic pills that entered its territory via Lebanon in the past eight years,...

    The kingdom suspended fruit and vegetable imports from Lebanon last year, accusing it of inaction after seizing millions of captagon amphetamine pills smuggled in fruit shipments.

    Captagon, an amphetamine that is wreaking havoc in Saudi Arabia and other Arab states, is produced mainly in Syria, as well as in Lebanon.

  • Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering...

    Ships from the Iraq Navy, Kuwait Naval Force, Kuwait Coast Guard, US Navy, and US Coast Guard participated in maneuvering exercises and maritime security drills

    US ships included patrol coastal ship USS Sirocco (PC 6) and fast response cutter USCGC Charles Moulthrope (WPC 1141)

  • Hours after Baghdad’s Green Zone plunged into chaos, UN chief Antonio Guterres has called for "restraint" in Iraq, asking all...

    Tensions have soared in Iraq amid a political crisis that has left the country without a new government, prime minister or president for months

    The situation escalated sharply after Sadr's supporters stormed the government palace on Monday following their leader's announcement

  • Tensions have soared in Iraq amid a political crisis that has left the country without a new government, prime minister...

    The security source said Sadr's supporters opened fire at the Green Zone from the outside, adding that security forces inside were not responding

    Protests spread to other parts of the country, with Sadr followers storming government buildings in the cities of Nasiriyah and Hillah south of Baghdad

  • The Iran nuclear deal with world powers still appears to be far from certain as President Raisi now says that...

    The IAEA has referred to the traces of nuclear materials as a "safeguards" issue

    The agreement between Iran and six world powers -- Britain, China, France, Germany, Russia and the United States -- gave the Islamic republic sanctions relief

  • The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.

    Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts

  • High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...

    The European Commission has yet to publish a detailed plan for market reform, but some member states have been pushing for a temporary cap on wholesale gas prices.

    EU officials are also considering measures to split electricity price setting from the gas price and take into account other energy sources.