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
  • After a summer marked by drought, massive wildfires and continuing loss of life in Ukraine, the 44-year-old leader delivered a...

    The speech appeared designed to prepare the country for what promises to be a difficult winter ahead, with energy prices rising sharply and many families struggling with inflation

    The severe drought over the summer, leading to water restrictions across most of the country, has also caused many French people to express fears about the climate change

  • Iranian army displayed its first division of ships and submarines capable of carrying armed drones in July when US President...

    The drills, according to Iran, will take place from the Gulf and the Sea of Oman in the south, to the eastern, western, northern and central parts of the country

    The US and Israel have previously accused Tehran of using drones and missiles to attack US forces and Israel-linked ships in the Gulf

  • The United States is expected shortly to respond to Iran through European Union mediators, after a year and a half...

    Biden has supported returning to the accord trashed by former president Donald Trump and Iran has pressed hard in negotiations in Vienna

    The senior US official said Iran would again face "the most comprehensive inspections regime ever negotiated

  • Noureddine Bedoui, the former prime minister of Algeria, has been detained on court orders, two days after another court had...

    Bedoui, who served as interior minister, was seen as an unwavering Bouteflika loyalist and was despised by the Hirak protest movement that toppled them both

    After Bouteflika's fall, prosecutors launched graft investigations against people in his close circle, which led to several other top figures receiving hefty prison sentences

  • The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...

    The bank said in a statement that the new securities have a return rate of 2.625 percent.

    Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.

  • A cloud of dust rose over the port after the collapse, which brought down the last of the northern block...

    The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.

    Only 12 of the original 48 silos are still standing, all of them in the southern block, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.

  • Several hundred supporters of Shiite cleric Moqtada Sadr launched a sit-in outside Iraq's top judicial body on Tuesday, ratcheting up...

    On August 10, Sadr gave the Supreme Judicial Council one week to dissolve parliament to end the political deadlock

    Last week, caretaker Prime Minister Mustafa al-Kadhemi convened crisis talks with party leaders, but they were boycotted by the Sadrists

  • The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival...

    The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival at El Alamein International Airport on Egypt’s north coast

    Egyptian President Abdel-Fattah al-Sisi and visiting President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan underlined the importance of strengthening Arab unity

  • The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops...

    On Friday, Kurdish authorities said that a pre-dawn strike by a Turkish drone hit "a training center for young girls" in the Shmouka, killing 4 children and wounding 11

    Britain-based Syrian Observatory for Human Rights said artillery fire on a market by pro-regime forces killed 17 civilians including six children

  • Mass graves were initially discovered in Tarhuna in June 2020 following the withdrawal of forces of Khalifa Haftar, an eastern...

    A "mass grave" was discovered on Sunday in a "public waste dump" and seven bodies have been exhumed

    More than 250 bodies have been found since 2020 in the farming town, which was controlled for years by the Kaniyat militia