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
  • Saudi Arabia's crown prince expects to travel to Turkey next month, a Saudi official told AFP Wednesday. The trip by...

    "The kingdom is turning the page on its dispute with Turkey and strengthening its relations with its EU partners," an official said

    The trip came as Turkey, facing an economic crisis fuelled by the collapse of its currency, tries to draw support from energy-rich Gulf countries.

  • Several partnerships and collaboration agreements were signed between leading aerospace, aviation, space and defense organizations during the sixth edition of...

    LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF).

    Sanad and Triumph Group sign MoU outlining their plans to collaborate on the provision of next-generation engine MRO capabilities in UAE.

  • Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister...

    Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West.

    The two countries vowed to increase the use of their national currencies in their trade exchange.

  • Saudi Arabian authorities said Wednesday that they thwarted an attempt to smuggle 403, 000 amphetamine tablets into the kingdom. An...

    The tablets were seized from a Syrian national, who is also a citizen of Jeddah governorate.

    All the tablets were hidden inside a shipment of beans in plastic molds in the form of bean pods.

  • Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which...

    They are attracted by the ease of setting up a business, and the prospect of better opportunities as sanctions bite at home -- and a more welcoming environment.

    The city, with its luxury hotels and tourist facilities, is well known to Russians as a high-end destination for the wealthy, particularly those interested in real estate.

  • US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world's...

    The announcement came as part of a new initiative, An Accord for a Healthier World, announced at the World Economic Forum in Davos.

    The accord focuses on five areas: infectious diseases, cancer, inflammation, rare diseases and women's health -- where Pfizer currently holds 23 patents.

  • Shihab Ahmed Shihab, 52, told an FBI informant that he wanted to smuggle at least four other Iraqis into the...

    Shihab Ahmed Shihab, 52, told an FBI informant that he wanted to smuggle at least four other Iraqis into the country over the border with Mexico to undertake the plot

    He was was arrested early Tuesday and was charged in federal court with an immigration crime and aiding and abetting the attempted murder of a former US official

  • The United States on Tuesday warned Turkey against launching a new military operation in northern Syria, saying the uneasy NATO...

    "We are deeply concerned about reports and discussions of potential increased military activity in northern Syria," State Department spokesman Ned Price told reporters

    Turkey has launched three offensives into Syria since 2016 aimed at crushing Syrian Kurdish fighters who assisted the US-led campaign against the Islamic State group

  • More than 100 lawsuits had been filed against GT by workers, along with three contempt-of-court charges against Yunus and another...

    Grameen Telecom (GT) and its senior managers were sued by workers who claimed the company had unfairly deprived them of profit shares.

    Lawyers for GT proposed the settlement after workers lodged an application to dissolve the company in the country's High Court.

  • Labor incomes have not yet recovered for the majority of workers. In 2021, three in five workers lived in countries...

    The sharp rise in vacancies in advanced economies led to a tightening of labor markets with a growing number of jobs available relative to job seekers.

    But, it dropped in Q1 2022 to 3.8 percent below pre crisis benchmark (Q4 2019), amounting to a deficit of 112 million full-time jobs.