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 energy ministry said the pre-dawn attack on the refinery in Riyadh caused a small fire that was brought under...

    The attack did not result in any injury or death, nor was the supply of oil or its derivatives affected, the ministry said.

    The Houthis said they fired three drones at the Aramco refinery and six more at the oil giant's facilities in the southwestern cities of Jizan and Abha.

  • The law was passed after a fractious late night session that exposed deep fault lines in the governing coalition of...

    The law was passed after a fractious late night session that exposed deep fault lines in the governing coalition of Prime Minister Naftali Bennett

    Known as the "citizenship law", it reinstates a ban that was first enacted in 2003 during the second Palestinian intifada, or uprising.

  • Qatar became the third country in the Gulf region after Kuwait and Bahrain to be designated by the United States...

    The move gives Qatar special economic and military privileges in its relationship with the US.

    The US and Qatar have had close relations for years, collaborating on a number of issues, including the evacuation of Afghan refugees after Taliban takeover.

  • Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...

    Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.

    The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

  • The women were evacuated to the Saudi capital Riyadh, where they were met by US officials and received health checks.

    The young women were ‘mistreated and had restrictions imposed on their movements’

    They were visiting relatives in Sanaa, which was seized by Iran-backed Houthi rebels in 2014

  • The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...

    Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy

    These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said

  • Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire and other humanitarian issues at the first...

    Kuleba said "no progress" had been achieved on even a 24-hour ceasefire, expressing frustration that "it seems that there are other decision-makers for this matter in Russia."

    He also repeated his vow that the country will not give in, saying "I want to repeat that Ukraine has not surrendered, does not surrender, and will not surrender."

  • Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return...

    Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic programme

    Iran's supreme leader Ayatollah Ali Khamenei, who has the final say in major state policies, meanwhile, stressed his country will not give up on elements of "national strength"

  • The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it...

    A surge in prices and supply fears following Russia's invasion of Ukraine have led to calls for the Organization of the Petroleum Exporting Countries to increase output.

    The OPEC+ group plans to boost production by just 400,000 barrels a day in April, the same pace as in recent months.

  • A UN-backed tribunal on Thursday found two Hezbollah members guilty on appeal for the 2005 death of former Lebanese prime...

    Appeals judges at the Netherlands-based court said trial judges "erred" in 2020 by acquitting the two men---Hassan Habib Merhi and Hussein Oneissi.

    Hassan Nasrallah, the head of the Hezbollah movement, refused to hand over any of the suspects or to recognize the UN-backed court.