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
  • A crushing economic crisis, a sharp collapse of the local currency and a bankrupt banking sector are adding to the...

    Lebanon's banking sector must reduce the size by at least 50 percent if not more, says senior economist Nasser Saidi

    Lebanon, he says, will take 5–7 years to recover if it agreed to an IMF program within the next three months

  • Doha's long-standing hotline to the Taliban has helped Qatar burst onto the world stage with its efforts to assist Kabul...

    Qatar invited the Taliban to open a political office in Doha in 2013.

    Saudi Arabia, along with the UAE, Bahrain and Egypt, cut ties with Doha in 2017, accusing it of backing Islamist groups and Iran.

  • Foreign ministry spokesman Saeed Khatibzadeh said President Joe Biden was following the same "dead end" policies as Donald Trump. Khatibzadeh’s...

    Under Trump's presidency, Washington unilaterally withdrew from the 2015 nuclear agreement between Tehran and six major powers.

    Biden has said he wants to reintegrate Washington into the pact, but talks in Vienna that began in April have stalled since Ebrahim Raisi won Iran's presidential election in June.

  • The country has said it is ‘ready’ to help Lebanon with ‘transit for Egyptian gas and Jordanian electricity via Syrian...

    Lebanon’s fuel shortage has reached such proportions that millers have warned they might have to stop making bread

    Meanwhile, Unicef has said 4 million Lebanese could lose access to water as pumps run out of fuel

  • Eitan Na'eh had served for eight months as the temporary head of mission at the Israeli embassy in the United...

    The move came two days after the first Bahraini ambassador to Israel, Khaled Yousif Al Jalahma, inaugurated the Gulf state's embassy in Israel

    The UAE and Bahrain signed the US-brokered agreements to establish diplomatic relations with Israel in September 2020

  • Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...

    The UAE is the only Middle Eastern country that issues Golden Visas.

    In 2010, the first golden visa program was launched in Latvia.

  • Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the...

    Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the final days

    Defense Secretary Lloyd Austin will leave on a trip Sunday that also begins in Qatar and will also include Bahrain, Kuwait and Saudi Arabia

  • Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...

    Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC

    CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday

  • The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.

    The economic development fund is expected to generate 100,000 jobs in the country which is struggling with poverty

    The new fund is part of the IsDB’s series of development activities in Uzbekistan, which so far stand at $2.4 billion in value

  • The announcement of a cabinet may take place on Friday following afternoon prayers

    The announcement of a cabinet may take place on Friday following afternoon prayers

    The Islamist militants, who have pledged a softer brand of rule than during their brutal reign of 1996-2001, must now transform from insurgent group to governing power