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 European Space Agency on Wednesday ended cooperation with Russia on three missions to the Moon due to Moscow's invasion...

    The ESA had planned to have a navigation camera called Pilot-D on the Luna-25 probe, whose launch is scheduled for this summer

    The ESA is looking for other options and partners to test the technology that would have formed part of the Russian missions.

  • Once boasting a capacity of more than 100,000 tons, the imposing 48-meter (157-foot) high structure has become emblematic of the...

    Last year, Swiss company Amann Engineering also called for their demolition, saying the most damaged of the silos were tilting at a rate of two millimeters per day.

    Authorities say the blast was caused by a shipment of ammonium nitrate fertilizer, that caught fire after being impounded for years on end in haphazard conditions.

  • Members of the European Parliament urged Tunisian President Kais Saied on Wednesday to engage in "genuine" dialogue with political parties...

    European officials have repeatedly voiced concern over his moves, warning of blows against democracy in the birthplace of the Arab Spring uprisings

    In a statement, the delegation urged Tunisians "to embark on a broad-based and structured" dialogue

  • The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.

    The Washington-based crisis lender's Resilience and Sustainability Trust is expected to come into effect May 1

    It is in addition to a $650 billion boost to reserve assets called Special Drawing Rights allocated earlier this year

  • The two-month ceasefire between Yemen's Houthi rebels and Saudi led military coalition took effect 11 days ago.

    Hans Grundberg, UN envoy held talks with leaders of Houthi rebel

    According to Grundberg, oil tankers have been reached to ease the "fuel crisis" in Yemen

  • Tens of billions of dollars in Iranian money were blocked in many countries including China, South Korea and Japan.

    Delegations from concerned countries met Iran's foreign minister to discuss the deal to release its funds frozen in foreign bank

    In January 2022, Iran urged South Korea to unlock its funds and not to wait for the results of the Vienna talks

  • US President Joe Biden announced an $800 million military aid package for Ukraine on Wednesday as international prosecutors declared the...

    Biden has accused President Vladimir Putin of genocide -- a claim dismissed as "unacceptable" by the Kremlin

    The Pentagon says it has been looking to provide Ukraine with weapons that would "give them a little more range and distance"

  • The Iranians were caught trying to reach Spain with fake documents "according to a criminal modus operandi."

    The Iranians were held trying to reach Spain with fake documents "according to a criminal modus operandi."

    The Bulgarians allegedly were involved in planning the illegal immigration attempt

  • Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations,...

    The two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field

    Tehran had earlier said that the deal contravened "previously held negotiations", adding that it "reserves its right to exploit" the field

  • The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of...

    The assistance is in the form of 30 ambulances and highly equipped urgent response vehicles.

    This announcement was made during the signing of a memorandum of cooperation between SDRPY and the SRCA, in Riyadh.