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

  • Managing Director IMF Kristalina Georgieva said the largest allocation in history, about $650 billion in Special Drawing Rights, was a...

    The IMF's last SDR distribution came in 2009 when member countries received $250 billion in SDR reserves to help ease the global financial crisis.

    The possibility of a new trust is being explored, which could use channeled SDRs to help the most vulnerable countries with structural transformation.

  • Turkey's initial purchase of S-400s from Russia soured relations with the US and its NATO allies

    Turkey's initial purchase of S-400s from Russia soured relations with the US and its NATO allies

    The United States sanctioned Ankara and has threatened to impose more sanctions if the country bought more major military systems from Moscow

  • Japanese Foreign Minister Toshimitsu Motegi said this assistance would be in the form of low-interest loans.

    The pledge was made during Motegi’s trip to Baghdad, the first by a Japanese foreign minister since 2006

    The financial aid will be used to expand one of Iraq’s major refineries in Basra

  • The meeting in Baghdad on Saturday seeks to give Iraq a "unifying role" to tackle the crises shaking the region

    The meeting in Baghdad on Saturday seeks to give Iraq a "unifying role" to tackle the crises shaking the region

    Leaders from Iran, Saudi Arabia and Turkey have also been invited

  • To this end, the UAE Space Agency hosted the Philippines Ambassador to the country along with a virtual delegation from...

    To this end, the UAE Space Agency hosted the Philippines Ambassador to the country along with a virtual delegation from the Philippines Space Agency

    Meeting comes as UAE and Philippines recognise 47-years of bilateral relations

  • China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.

    Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.

    The resources include bauxite, copper, iron ore, lithium and rare earths, according to a January report by the US Geological Survey.

  • Several politicians, businessmen and judges, as well as members of parliament have said they were banned from travelling abroad or...

    President Kais Saied sacked the government on July 25 and suspended parliament for one month.

    An anti-graft NGO said at least 14 members of parliament face legal proceedings or have been sentenced over a range of crimes.

  • The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs...

    The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs out in October

    There was concern its renewal might fall foul of the latest spat between the two countries

  • Bahrain has announced that it is “allowing flights to make use of Bahrain’s transit facilities” amid the evacuations of Afghanistan.

    Kingdom made the announcement in a statement released early Saturda

    Bahrain, in the Arabian Gulf off Saudi Arabia, is home to the US Navy’s 5th Fleet

  • Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.

    This is expected to mark the first entry of Russian wheat in the Algerian market

    Algeria has so far imported wheat mostly from France