INSEAD Day 4 - 728x90

region

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
  • Israel pounds Gaza as Iran attack threat puts region on edge

    The latest bombardments in Gaza came after Israel said it had strengthened air defences and paused leave for combat units, following a deadly April 1 air strike that destroyed Iran's consulate building in Damascus. Iran blamed its arch foe Israel, which has stepped up strikes against Iran-linked targets in Syria...
  • Middle East to receive millions of Chinese tourists lost in Covid pandemic

    Dubai, UAE-- Outbound travel from China is estimated to almost double this year, compared with 2023 and will only be 22% below its peak pre-pandemic numbers of 155 million tourists in 2019, who spent over $250 billion overseas, according to Oxford Economics Full recovery is expected to materialise in 2025,...
  • Israel strike kills 3 Hizbollah-affiliated paramedics in Lebanon

    According to the Hizbollah-affiliated Islamic Health Committee, three volunteer paramedics died "due to a direct Zionist attack on an emergency centre" in south Lebanon's Adaysseh. The armed group later said its fighters targeted Gesher Haziv "with batches of Katyusha rockets" in retaliation.
  • Polls for Iraq Kurd parliament postponed to June

    Iraqi Kurds announced that polls to elect a new parliament in the autonomous region would be held in June, after they were postponed from February. The elections have been delayed several times because of differences between the two main parties in northern Iraq, the Kurdistan Democratic Party and the Patriotic...
  • QDB signs MoU with Global Ventures

    The collaboration is expected to boost private sector in Qatar.
  • Tunisian president emphasizes need to bolster security in Arab societies

    Tunis, Tunisia--Tunisian President Kais Saied on Monday stressed the need to reach an approach that contributes to enhancing the security of Arab societies, according to a statement released by the Tunisian presidency. While hosting participants of the 41st session of the Arab Interior Ministers Council launched in Tunis on Monday,...
  • GCC ministers hold discussion on food security in the region

    Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from the region to discuss a strategy for food security in the Middle East. Ministers responsible for agriculture and food security from the GCC countries attended the meeting. The meeting discussed...
  • Hamas weighs Gaza truce as fighting nears fifth month

    The Gaza health ministry said that at least 127 people were killed in Israeli strikes in the previous 24 hours in the territory. A kindergarten where families were sheltering was hit in Rafah, which is teeming with Palestinians displaced by the war, ahead of another visit to the region by...
  • Bahrain and GCC look to boost ‘convention, exhibition’ industry

    Manama, Bahrain-- Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry in the region. In this regard a meeting was held in Dubai to discuss ways to enhance collaboration at the level of the Gulf Cooperation Council (GCC) countries. Fatima bint...
  • Google to invest US$1bn in UK data centre

    It will meet growing demand for internet services in the region.
  • Japan earthquake death toll jumps to 92, missing 242

    Battling aftershocks and roads littered with gaping holes and blocked by frequent landslides, thousands of rescuers from all over Japan are trying to reach hundreds of people in stranded communities in the Ishikawa region. Two elderly women were pulled from the rubble, but hopes of finding other survivors are fading...
  • Egypt leads Arab world in population with 113m citizens

    DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest population worldwide, according to a recent overview by the World Population Review and Worldometer. The data, highlighting population sizes of various countries worldwide, pointed out that the global population has...
  • Dubai to host ‘Arab Strategy Forum’ next week

    Dubai, UAE--The Arab Strategy Forum will commence in Dubai on January 3rd, 2024 to debate the intricate political and economic landscape of the Arab region. Titled "The Political and Economic State of the Arab World in 2024," the thought-provoking event will bring together prominent global leaders, strategic experts, and leading...
  • DEWA awards pipeline contract

    The US$3m-contract is for the laying of GRE pipes in Hatta.
  • MENA region can create 10m jobs by 2050 via climate action, says ILO

    DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the Middle East and North Africa (MENA) region could create 10 million new jobs and accelerate GDP to 7.2 percent by 2050 via taking a serious approach to climate action. In...
  • Turkey FM warns of escalation in nuclear arms race

    Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a spurt in the nuclear arms race, leading to an unfavorable situation. "The ongoing possession of nuclear weapons by Israel, coupled with the failure to denuclearize the region, will escalate the...
  • War in Gaza represents serious setback for efforts to reduce tension: Gargash

    Manama, Bahrain-- The ongoing war in Gaza represents a serious setback for the efforts to reduce tension in the region as a whole, said Dr. Anwar Gargash, diplomatic adviser to the UAE President. Speaking at the 19th Manama Dialogue, he warned: “Prolonging the war would only amplify its associated risks,...
  • Jordan and Lebanon call for international initiative to stop war on Gaza

    Amman, Jordan-- Jordan and Lebanon have called for the speeding up of international efforts to stop the war on Gaza and prevent a spillover of the conflict in the region. The exhortation to halt the destruction of life and property in the besieged enclave of the Gaza Strip came in...
  • G42 and OpenAI partner to provide UAE with AI solutions

    Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets. The partnership between the two will focus on leveraging OpenAI’s generative AI models in domains where G42 already has deep expertise including financial services, energy, healthcare and public services. OpenAI...
  • Hamas strike stuns, yet it’s important to remember backstory

    Since 2008, Israel has conducted four major military operations in Gaza, resulting in significant casualties and widespread destruction.
  • Volunteers search for Afghan quake survivors as aid trickles in

    Kashkak, Afghanistan--Afghan villagers and volunteers on Monday helped dig for survivors of a series of earthquakes that killed more than 2,000 people, as aid began trickling into the devastated region. Volunteers in trucks packed with food, tents and blankets flocked to hard-to-reach areas 30 kilometres (19 miles) northwest of Herat city,...
  • Middle East economic growth to fall in 2023, says World Bank

    WASHINGTON, US - The growth of the economies in the Middle East and North Africa (MENA) is expected to fall sharply this year, the World Bank said. The region’s gross domestic product (GDP) is expected to fall to 1.9 percent in 2023 from 6 percent in 2022, due to oil...
  • Iraq pledges to raise financial support for Kurdistan

    Days after thousands of people took to the streets in the Kurdistan region over unpaid civil service salaries which they blamed on Baghdad, the federal government said it would disburse annually to Iraqi Kurdistan two trillion and one hundred billion dinars to be paid in three equal installments of more...
  • ADNOC to develop largest carbon-capture project in MENA

    According to an ADNOC statement, the project will be able to capture up to 1.5 million tonnes of CO2 a year, tripling ADNOC's carbon capture capacity. No cost or timeline was announced for the venture, which will be built and operated by ADNOC subsidiary ADNOC Gas.
  • Saudi Arabia and Iran two most influential countries in Islamic world: Raisi

    Tehran, Iran--Iran's President Ebrahim Raisi has termed Saudi Arabia and Iran as the two most influential countries in the region and the Islamic world as he lay emphasis on the need for strengthening relations between the two. The president made the remarks In a meeting with Iran's newly-appointed ambassador to...
  • Black Cobra signs MoU with NFFSP to make military footwear in MENA region

    Abu Dhabi, UAE--Black Cobra Military Supplies (BCMS) and the National Factory for Safety and Security Products (NFFSP) have signed a memorandum of understanding (MoU) to design and manufacture military footwear for the MENA region. Facilitated and supported by the Emirates Defence Companies Council (EDCC), the agreement aims to offer a...
  • Fawry to expand into Saudi Arabia

    The money transfer firm plans to set up base across the GCC.
  • Iraqi Kurds hold demonstration in support of jailed journalist

    On Sunday, around 300 people demonstrated in the region's second city Sulaimaniyah against the new sentence imposed on Sherwani. NGO Community Peacemaker Teams said Saturday Sherwani did not get a fair trial, but a Kurdistan government body, after reviewing the proceedings, said Sunday that powers of attorney between prisoners were...
  • US to deploy additional F-35 and F-16 fighter jets to Middle East

    Dubai, UAE - The United States has announced plans to bolster its military presence in the Middle East in response to Iran's recent actions involving the seizure and harassment of commercial shipping vessels in key waterways. Reuters reported on Monday.  The Pentagon will be sending additional F-35 and F-16 fighter...
  • Iran emerging as a hub for health tourism in West Asia: Raisi

    Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and even Central Asian states who prefer to get medical care in Iran rather than in Europe. Raisi made the remarks on Friday as he inaugurated Ghadir Major Hospital in the...
  • Bahrain, UK sign MoU to preserve biodiversity and curb marine pollution

    London, UK--Bahrain and the United Kingdom have signed a memorandum of understanding (MoU) on biodiversity and marine pollution. The MoU aims to create a framework of action between Bahrain’s Supreme Council for Environment (SCE) and Britain’s Cefas by allowing them to explore areas of cooperation in monitoring the environment, marine...
  • Future of Iran-UAE relations promising: Reza Ameri

    Tehran, Iran-- The future of relations between Iran and the United Arab Emirates is promising and in line with the interests of both nations, according to Iran's ambassador to the UAE. "The two countries intend to find ways to have warmer and closer relations in light of developments in the...
  • QSE unveils new trading system

    It is expected to propel Qatar as an investment hub.
  • Arada’s US$500m Sukuk lists in Nasdaq Dubai

    DUBAI, UAE -  Arada's US$500 million Sukuk was listed in Nasdaq Dubai. The Sukuk is the first issuance by Arada on the region’s international financial exchange, further solidifying Dubai’s position as one of the largest Sukuk listing venues globally, with a total value of US$77 billion. To celebrate the successful...
  • Dubai Chamber of Digital Economy launches report on the emirate’s economy 

    DUBAI, UAE  - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched its third report on the emirate's digital economy. The Dubai's Venture Capital Ecosystem report provides an overview of the investor landscape backing the start-ups and scale-ups that are transforming Dubai and...
  • Iran unveils hypersonic missile, says will boost country’s deterrence

    Iran's Revolutionary Guards unveiled an intermediate range ballistic missile capable of traveling at hypersonic speeds of up to 15 times the speed of sound, state television reported. President Ebrahim Raisi hailed the new missile's hypersonic capability, saying it would boost Iran's "power of deterrence" and "bring peace and stability to...
  • Sharjah exhibits futuristic tourism technologies at ATM 2023

    Sharjah, UAE-- Sharjah showcased its technology-enabled approach to the tourism industry at the Arabian Travel Market (ATM) 2023, highlighting the future of tourism in the region and beyond. Sharjah pavilion at the event demonstrated cutting-edge technologies and groundbreaking concepts, offering a compelling glimpse into the emirate's tourist destinations. Run by...
  • Iran seeks trade boost with Syria during Raisi’s visit to Damascus

    Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the territory it lost in 12 years of war. Ebrahim Raisi's two-day trip is the first such visit to Tehran's close ally since 2010. "This trip will be a turning point...
  • UN chief calls for ceasefire in Sudan, says conflict may affect region

    Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of the abyss" after 10 days of brutal fighting between rival forces. As army and paramilitary troops again clashed in Khartoum and across the country, Sudanese have sheltered in their homes...
  • Iraq condemns Turkey for air strikes in Kurd region

    BAGHDAD, IRAQ - Iraqi President Abdel Latif Rashid condemned Turkey on Saturday for bombarding an area near Sulaimaniyah airport in the autonomous Kurdish region, a flashpoint between the two governments. "Turkish military operations against the Kurdistan region continue to take place, the last being the bombardment (Friday) against Sulaimaniyah civilian airport,"...
  • Prominent firms in DIFC to tap into wealth across region

    DUBAI, UAE -  Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center (DIFC). This milestone reinforces DIFC's position as the leading financial center for WAM companies in the Middle East Africa South Asia (MEASA) region. With an industry size of US$450 billion,...
  • Jordan Senate, Arab Parliament speakers discuss regional issues

    AMMAN,  JORDAN -   The Speaker of Jordan's Senate Faisal Fayez met with Arab Parliament Speaker Adel Abdulrahman Al-Asoomi and discussed the ways and means to activate parliamentary work and diplomacy to address the region's common interest. During the meeting, attended by Jordan's ambassador to Egypt Amjad Adaileh, the two sides...
  • Dialogue best way to resolve differences with Iran: Prince Faisal

    There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is complex question, but we will have to talk about how we find a pathway to ending the conflict," adds Prince Faisal bin Farhan Al Saud in Davos.
  • SCCI, Moscow Chamber discuss trade, cooperation

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and Russia with the Moscow Chamber of Commerce and Industry. The meeting that took place at Expo Center Sharjah (ECS) brought together Abdallah Sultan Al-Owais, SCCI's Chairman, and Vladimir Platonov, Chairman...
  • UAE takes part in IORA meetings in Bangladesh

    DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, Bangladesh from November 22 to 24. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State...
  • Jordan Minister calls for MENA-Europe electric connection project

    AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to supply Europe with green energy from the Middle East and North Africa (MENA) region. He made the remark during a meeting on Thursday with a British Group Inter-Parliamentary Union (BGIPU)...
  • China unveils plan to shore up industrial economy

    Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries.
  • Low carbon demand spurs green sukuk growth

    With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent increase over 2020.
  • Bayt survey says 71% of professionals may quit jobs in 2023

    When asked why professionals may change their careers entirely, “to find their real passion” ranked first (37%) followed by opportunities to learn and challenge themselves (33%), better compensation (18%).
  • ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite

    China's growth forecast for 2022 was reduced to 3.3 percent from 5.0 percent, as Beijing pursues a zero-Covid strategy that has devastated the world's second-largest economy. Chinese officials are under pressure to curb even the smallest virus outbreaks swiftly, ahead of a key political meeting in October where President Xi...