INSEAD Day 4 - 728x90

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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
  • Restoration project for Jeddah district’s old buildings completed

    JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of work in the project to restore ramshackle buildings in the district under the generous donation of US$13 million (SAR50 million) from the Kingdom's Crown Prince Mohammed bin Salman. The project...
  • Saudi Arabia cracks down on heritage site defacement with hefty fines

    Riyadh, Saudi Arabia - Saudi Arabia has issued a stern warning against damaging the nation's cultural heritage sites, imposing hefty fines and potential jail time for offenders. The Public Prosecution declared on Thursday that anyone caught defacing or vandalizing historical or urban heritage, including acts like writing, painting, engraving, posting...
  • Several MoUs signed at Future Minerals Forum in Saudi Arabia

    RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry and Mineral Resources, has witnessed the signing of several memoranda of understanding (MoUs) between a number of government agencies, companies and institutions. New exploration sites were announced as well as...
  • Yemen’s Houthi rebels have built a significant arsenal  

    DUBAI, UAE - Yemen's Houthi rebels, who vowed to retaliate against US and British strikes early on Friday against key military sites, have built up a significant arsenal, including cruise missiles and drones. Since the Israel-Hamas war broke out on October 7, the Iran-backed Houthis have carried out a spate of...
  • US and UK target Houthi radar, missile capabilities

    US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and said he "will not hesitate" to order further military action if needed. The strikes involved fighter jets and Tomahawk missiles, several US media outlets said. US officials did not immediately...
  • Turkish excavations offer vital clues of human history

    Gobekli Tepe - which experts believe was never actually inhabited - may be part of a vast sacred landscape that encompasses other hilltop sites that are believed to be even older.
  • Israel, Saudi moving towards ‘framework’ for deal: US

    According to National Security Council spokesman John Kirby, a basic framework has been hammered out by all sides that could form the outline of a historic US-brokered deal to normalize relations between Saudi Arabia and Israel after decades of hostility. The deal could earn Israel recognition by the guardian of...
  • Five-member Israeli delegation makes first open visit to Saudi Arabia

    An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as speculation grows about a potential normalization of ties. The five-member delegation arrived, an Israeli official told AFP, for the meeting to update UNESCO's world heritage list of cultural and historic...
  • Lebanon looks to recycling to rid streets of garbage

    Beirut, Lebanon--Beirut motorists pull up to a drive-through counter -- not for fast-food, but to exchange empty bottles and cardboard for cash, a novelty in a country long plagued by garbage crises. Festering landfills often overflow in crisis-hit Lebanon, waste is burnt illegally at informal dump sites and rubbish floats off...
  • Iran to reconnect nuclear surveillance cameras: IAEA

    UN nuclear watchdog chief Rafael Grossi earlier said he had held "constructive" talks with Iranian officials in Tehran after the discovery of uranium particles enriched to near weapons-grade level. On his return to Vienna, Grossi recalled there had been "a reduction in monitoring activities related to cameras and monitoring systems"...
  • Libya signs US$8bn deal with Italy to develop offshore sites

    Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI. The deal is expected to be inked on Saturday at an official ceremony. The development of the offshore sites is hoped to produce 850 million cubic feet of gas per...
  • FIFA praises Qatar’s reforms to improve living conditions of workers

    Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino has dispelled doubts about Qatar's rights record ahead of the World Cup. The footballing body said it is negotiating measures to help migrant workers on the Gulf state's construction sites.
  • Iran arrests spies plotting to attack sensitive sites, blames Israel

    Iran's intelligence ministry announced Saturday the arrest of agents linked to Israel's Mossad who entered the Islamic republic to carry out attacks against "sensitive" sites, state news agency IRNA reported. The statement did not say how many suspects were arrested or give their nationalities, nor did it identify the targets...
  • Top social media sites become haven for crypto fraud

    Instagram accounts for 32% of all fraud cases on social media, followed by Facebook and WhatsApp as scammers find it easy to lure and scam unsuspecting victims on social media sites. Commenting on the data, TradingPlatform.com's Edith read said this. "The most vulnerable sites for scamming are meta-owned. This raises...
  • Iran condemns IAEA censure vote in new blow to nuclear talks

    Iran already announced it had disconnected some International Atomic Energy Agency cameras monitoring its nuclear sites in anticipation of the watchdog's adoption of the Western-drafted censure motion Wednesday.
  • Iran hands UN nuclear watchdog documents on undeclared sites

    Iran on Wednesday said it has sent documents on its undeclared nuclear facilities to the UN atomic watchdog, bringing it a step closer to reviving its 2015 nuclear accord. Iran has restricted some inspections by the International Atomic Energy Agency (IAEA), which had previously called on Tehran to resolve questions...