INSEAD Day 4 - 728x90

authority

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
  • According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one of the transformational projects in supporting the UAE efforts to make it the new economic hub for the next ten years, and regulating the issuance of these green bonds was...
  • Bahrain’s RERA revokes real estate firm’s license for ‘breach of regulations’

    Manama, Bahrain-- for "exceeding the scope of the permit." The owner had exceeded the scope of the permit which was issued to him, in accordance with the provisions of the Real Estate Sector Regulation Law,  promulgated by Law No. 27 of 2017 and its amendments and executive edicts. In a statement issued...
  • UAE’s digital platform, U.AE, attracts 9.1m visitors in H1

    Dubai, UAE-- Around 9.1 million people visited the UAE’s Government Unified Digital Platform, U.AE, from the start of 2023 until the end of June. According to the Telecommunications and Digital Government Regulatory Authority (TDRA), the jump in the average number of pages viewed was 3.52%, compared to the same period...
  • Saudi Arabia strengthens ties with Estonia, Denmark in digital government

    Riyadh, Saudi Arabia -- Saudi Arabia will be enhancing partnerships in the digital sector with Estonia and Denmark, according to the kingdom's Digital Government Authority (DGA) which held several meetings with officials during a visit to these countries. Governor of DGA Ahmed Mohammed Al-Suwayan held meetings with Luukas Ilves, Estonia's...
  • Saudi authority signs aviation safety pact with British CAA

    Riyadh, Saudi Arabia-- The General Authority of Civil Aviation (GACA) has signed an agreement with the British Civil Aviation Authority (CAA) in the field of aviation safety, including upgrading the organizational systems for safety in aviation and improving the national safety program.The agreement was signed by GACA Executive Vice President...
  • Mawani announces new freight service at King Abdulaziz Port

    Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port in Dammam in cooperation with the Saudi International Ports Company. The service connects King Abdulaziz Port with six major regional and international ports: Qingdao, Shanghai, Ningbo, Nansha, Jebel Ali and...
  • Iraq to build four free-trade zones, two along Jordan and Saudi borders

    Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which is part of a joint economic city and one of the most important future projects. The country is also working to open free-trade zones near the Iraq-Saudi Arabia border.
  • 25 children’s authors from five continents to attend Sharjah festival

    A group of 25 international children’s authors from five continents will be leading a cultural program at the 13th edition of the Sharjah Children’s Reading Festival (SCRF), which takes place from May 11 – 22 at the Expo Centre Sharjah. Organized by Sharjah Book Authority (SBA), the annual festival for...
  • Saudi ports throughput tonnage rise by 7.18 percent during Q1

    The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of more than 74 million tons, according to Saudi Ports Authority (Mawani). The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs. Mawani said Saudi...
  • Dubai passes new law to regulate virtual assets like Bitcoin

    Dubai has promulgated a new law in order to regulate virtual assets that are becoming popular with many investors in the UAE and across the world.
  • Egypt’s Suez Canal Authority announces hike in passage tolls

    Egypt's Suez Canal Authority announced Tuesday additional tolls for transiting vessels including fuel tankers, as oil prices soar in the wake of Russia's invasion of Ukraine. Petroleum gas tankers will see a 10 percent hike on passage fees while liquefied natural gas carriers and general cargo ships will incur a...
  • Saudi Exports organizes Commercial Mission for 30 businesses to Oman

    Saudi Exports Development Authority (SAUDI EXPORTS) today organized a commercial mission for over 30 Saudi senior manufacturers and exporters in the constructions and foodstuff sectors to Oman. The mission, which targets 70 Omani companies, follows the two countries’ signing of memorandum of understating worth $30 billion for cooperation in various...
  • Kuwait launches 2nd edition of initiative for youngsters’ business

    Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ program
  • GACA and Oracle sign MoU to steer digital transformative initiative

    Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap for digital acceleration using Oracle cloud services in GACA’s digital transformation initiative. The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh. It includes...
  • South Africa tax authority uncovers $1.8 bn gold scam: report

    South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold bars for sale overseas, a watchdog said Thursday. Between 2012 and 2020, the scammers bilked the government for 24.4 billion rand (1.8 billion dollars, 1.4 billion euros) by defrauding the...
  • Dubai Metro cuts emissions by 2.6m tons, yields $31bn in benefits

    Dubai Metro has eliminated about 1 billion private-vehicle journeys, yielded monetary benefits worth AED115 billion and reduced carbon dioxide emissions by 2.6 million tons from Sept 2009 to the end of 2020, said Mattar Mohammed Al Tayer, Chairman of the Board of Executive Directors of the Roads and Transport Authority...
  • Saudi Arabia to begin housing and population census on 9 May

    Saudi Arabia will begin housing and population census on 9 May 2022, according to Minister of Economy and Planning Faisal bin Fadhil Alibrahim. Albrahim, who is also the chairman of the Board of Directors of the General Authority for Statistics (GASTAT), is the census that is conducted every 10 years...
  • MAWANI and SCCA sign MoU

    Both will create an environment for the settlement of disputes.
  • Saudi designates China’s NIPA as patent searching and examining authority

    The Saudi Authority for Intellectual Property (SAIP) has designated the National Intellectual Property Administration of China (CNIPA) as International Searching Authority and International Preliminary Examining Authority under the Patent Cooperation Treaty (PCT), allowing international patent applicants in the kingdom to select CNIPA to issue international search reports for their applications....
  • UAE an attractive work destination for GCC countries, says pension authority

    The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according to the 2021 statistics released by the General Pension and Social Security Authority (GPSSA). A total of 6,903 employees from GCC countries work in the UAE, out of the total...
  • Dubai Collection’s first physical exhibition inaugurated at Etihad Museum

    "When Images Speak: Highlights from the Dubai Collection", the first physical exhibition of the Dubai Collection, was inaugurated by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, and Chair of the Dubai Collection Steering Committee. The exhibition opens for the public on Saturday...
  • 19,000 kg banned drugs among Saudi customs H1 seizures

    The customs authority has foiled more than 1,000 attempts to smuggle prohibited items into Saudi Arabia.
  • Saudi officials seize a big load of drugs at border with Jordan

    A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The drugs were hidden in tomato paste jars.
  • Ooredoo penalized for violating communications authority rules

    Financial Sanctions of 3.5m Qatari Riyals imposed on company for refusing access to its facilities, violating CRA rules Ooredoo's violations prevents customers from being informed about offers existing in the market Qatar's leading telecommunications company Ooredoo has penalized with financial sanctions of 3.5 million Qatari riyals ($961,000) for refusing to...