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 tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...

    Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel

    Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

  • Russia pounded a Ukrainian rocket factory following the sinking of its Black Sea flagship, as President Volodymyr Zelensky said his...

    Russia said it had used sea-based long-range missiles to hit the plant, which Ukraine's state weapons manufacturer says produced Neptune cruise missiles

    The Moskva had been leading Russia's naval effort in the seven-week conflict, and the fate of its crew of more than 500 was uncertain

  • Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members,...

    The incident comes in the wake of a wave of seizures of vessels in the sea lanes serving the Gulf, where a large portion of the world's oil is produced and shipped.

    Last week, Iran announced its seizure of a foreign boat carrying over 220,000 liters of smuggled fuel and the arrest of its 11 crew members, without giving further details.

  • Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of...

    Irregular rainfall, rising temperatures and intensive pumping have overtaxed the world's lowest freshwater lake, which has served as the Jewish state's main sweetwater reservoir.

    Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier.

  • Iran has started making components for machines used to enrich uranium at a new workshop in Natanz, the country's main...

    The new workshop replaces a nuclear facility in Karaj, near Tehran, after an attack there last year, which Iran said was an act of sabotage

    World powers are negotiating to revive a 2015 landmark agreement to rein in Iran's nuclear activities in exchange for sanctions relief

  • More than 100 people were wounded Friday in clashes between Palestinian demonstrators and Israeli police at Jerusalem's Al-Aqsa mosque compound....

    The latest clashes come after three tense weeks of deadly violence in Israel and the occupied West Bank, and as Passover and Easter overlap with Ramadan

    The mosque compound is at the heart of the Israeli-Palestinian conflict, falling within Israeli-annexed east Jerusalem

  • France and Algeria have been attempting to improve their ties after a diplomatic crisis.

    Algeria is a major exporter of natural gas, which covers over 11 percent of Europe's needs, compared to the 47 percent from Russia

    European countries have been trying to ramp up Algerian exports to reduce their reliance on Russia after it invades Ukraine

  • "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014...

    "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014 and 2015," Swiss state prosecutors said

    In an investigation published in March 2020, the NGOs Public Eye and TRIAL International accused Swiss traders Kolmar Group of being linked to the allegations

  • Iran president accused Iraq's Kurdistan region of "negligence", adding that Iran is closely monitoring the movements of Israel.

    Iran president accused Iraq's Kurdstan region of "negligence", adding that Iran is closely monitoring the movements of Israel.

    The Iranian president made the remarks in Tehran during a meeting with visiting Iraqi Foreign Minister Fuad Hussein

  • Russia's Black Sea flagship sank on Thursday after an explosion and fire that Ukraine claimed was a successful missile strike,...

    "Given the choppy seas, the vessel sank," the Russian state news agency TASS quoted the ministry as saying

    On the Ukrainian side, Odessa military spokesman Sergey Bratchuk said the ship had been hit by domestic Neptune cruise missiles