INSEAD Day 4 - 728x90

red sea port

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
  • Yemen's Huthi rebels have signed a UN agreement hoped to help stop a rusting oil tanker in the Red Sea becoming an ecological and humanitarian catastrophe, officials said Monday. The 45-year-old FSO Safer, long used as a floating oil storage platform with 1.1 million barrels of crude on board, has...
  • Saudi-led coalition threatens Yemen’s rebel-held ports

    A Saudi-led military coalition threatened Tuesday to target Yemen's rebel-held ports after Huthi fighters seized a UAE-flagged ship -- unless the vessel is freed. On Monday, the pro-Iran Shiite Huthi rebels based in the key Red Sea port of Hodeida seized the Emirati-flagged Rwabee ship claiming it contained military materials....