INSEAD Day 4 - 728x90

UAE

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
  • NASA SPACE

    NASA Arab scientist pleas for unity in space

    Exploring space is no longer a luxury, it is humanity's future, says Tunisian astrophysicist and Nasa scientist Nour Raouafi
  • 2021: Oil price hike rescues Covid-hit GCC economy

    International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest since October 2014.
  • Major M&A deals in the UAE in 2021

    M&As result in savings in manufacturing and service, increased competitiveness, and increased financial capabilities and efficiency, among other things.
  • Emirates upbeat on growth despite global surge in Covid cases

    Aviation giant Emirates said Thursday it expects business to grow next year despite the surge in global coronavirus cases fueled by the Omicron variant. The Dubai-based carrier said in November it was already on the path to recovery as six-month losses dropped by more than half from a year earlier....
  • NMDC wins $354m contract

    The contract is for the Shamal Development marine works.
  • 2021 recap: UAE startups lead MENA region

    As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.
  • Dubai Chamber to start four-and-a-half day working week from Jan 2022

    Dubai Chamber has announced that it will shift to a four-and-a-half day working week  from 3 January 2022. This is in line with the newly approved workweek for UAE federal government employees. The official working hours will be nine working hours per day Monday-Thursday, from 8am to 5pm, and four...
  • Qatar suspends leave for healthcare staff amid Covid surge

    Qatar's main healthcare provider has suspended leave for all medical and administrative staff dealing with Covid, as infections surge across the Gulf. The six Gulf Cooperation Council (GCC) states -- Bahrain, Kuwait, Oman, Saudi Arabia and the United Arab Emirates, as well as Qatar -- have been recording their highest...
  • Etihad signs China deal

    The airline will work with the Henan Province Airport Group.
  • Saudi Arabia, UAE eye strong growth amidst challenges

    London-based think-tank Cebr predicts the economic future of countries across the world and the outlook remains rosy for the Gulf region.
  • UAE issues first civil marriage license for non-Muslim couple

    The UAE issued its first civil marriage license for a non-Muslim couple, state media reported Monday, as the Gulf country seeks to keep its edge over regional competitors. The United Arab Emirates -- where foreigners make up 90 percent of the approximately 10-million population -- has been amending its laws...
  • UAE residents can recycle used cooking oil at Bee’ah Tandeef machines

    Waste management and environment company Bee’ah Tandeef has launched a service that allows people to recycle used cooking oil so that it doesn't end up in drains and pollute the environment. Used cooking oil is usually poured down the drain and ends up clogging plumbing systems, and ultimately leads to...
  • UAE extends $2m grant to Costa Rica in flood response

    The UAE has extended a grant of $2 million to Costa Rica to help the Central American country battle its flooding problem.
  • France arrests man for shipping chemical components to Syria

    France detained a 60-year-old French-Syrian man on suspicion of conspiracy to commit crimes against humanity.
  • Ecommerce changes GCC buyers, sellers forever

    As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.
  • UAE’s most awaited falconry event Telwah to begin Dec 28

    The most awaited new season of Fazza Championship for Falconry- Telwah, organized by the Hamdan Bin Mohammed Heritage Centre (HHC), will start from 28 December and will last until 14 January 2022 in Al Ruwayyah, Dubai. Telwah (lure in Arabic) is one of the UAE’s most honored heritage sports and...
  • UAE and Spain discuss cooperation in renewable energy, water sectors

    Spain and UAE have reviewed Dubai Electricity and Water Authority's achievements besides key projects and cooperation in the clean and renewable energy sectors. The two sides also discussed initiatives and programs that consolidate the transition towards a green economy and sustainability at a meeting in which said DEWA CEO Saeed...
  • UAE, Morocco discuss cooperation in investment and economy

    The two sides talked about Expo 2020 Dubai and the importance of the Arab countries' participation therein.
  • Ecommerce is fastest-growing channel in ME

    In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market.
  • Grankraft to invest in Hamriyah

    Grankraft has leased 323,000 sq ft of land in the free zone.
  • Abu Dhabi National Aquarium is the largest in Mideast

    An estimated one million people a year are expected to visit the aquarium housing marine animals in ten distinct habitats under the supervision of marine life experts.
  • 2021: UAE enters Mars orbit on first try

    On February 9, the UAE announced that its exploratory probe, ‘Hope’ had successfully entered Mars' orbit, marking it the first Arab expedition to the Red Planet.
  • UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria

    UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations, and scholarships. In addition, the country has introduced new travel requirements for those coming on direct flights from Uganda and Ghana. These include having a negative COVID-19 test obtained within...
  • UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo

    The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the community to help create future initiatives, will be launched on 1 Feb. 2022. It is expected to witness a joint effort by the government, the private sector and individuals to...
  • Breathable sand could disrupt UAE agri-sector

    The technology could help the UAE grow more crops within its boundaries, ensuring food security, says Dake Rechsand CEO and Founder Chandra Dake.
  • SBA signs pact with Rimini Meeting for cross-cultural exchange

    Prominent world personalities hosted at Rimini Meeting over the years include Pope Francis; Dr. Boutros Boutros-Ghali, former UN Secretary-General
  • 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...
  • MBRSC to manufacture MBZ-SAT, most advanced satellite in the region

    The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced that it has completed the critical design review of MBZ-SAT, the most advanced satellite in the region in terms of high-resolution satellite imagery. The team will now begin preparations to develop and manufacture the flight model of MBZ-SAT.
  • Dubai records $212 million worth of realty transactions on Monday

    Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in addition to 10 gift transactions amounting to AED17.58 million Monday, data released by the emirate’s Land Department (DLD) showed. Local media reports said the sales covered 223 villas and apartments...
  • UAE keen to expand economic and investment relations with India: Al Zeyoudi

    UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India is founded on historical ties of friendship and cooperation. Media reports said that Al Zeyoudi made these remarks during his visit to India as head of a high-level Emirati delegation...
  • UAE Declaration of Arabic Language launched by Sheikh Mohammed

    Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, on Tuesday launched the UAE Declaration of Arabic Language at Expo 2020 Dubai. The declaration aims to draw out a unified roadmap for various institutions in Arab countries. The declaration was introduced in the presence of the Arab Ministers...
  • Dubai airport fully operational for first time since pandemic

    Dubai airport, one of the world's busiest travel hubs, is fully operational for the first time since the coronavirus pandemic erupted in March 2020, officials said Monday. The opening of sections closed as the Covid-19 crisis took hold comes as the United Arab Emirates records a rise of infections amid...
  • UAE ends cinema censorship, introduces 21+ age rating

    The UAE announced Sunday it will no longer censor cinematic releases, introducing a 21 and above age rating for films it classifies for mature audiences. The UAE is considered one of the more liberal countries in the GCC, where movies with adult content are cut or edited if they don’t...
  • World Cup: Qatar’s bigger test after Arab Cup

    More than 600,000 tickets were sold for the 16-team Arab Cup, including a Qatari-record 63,439 crowd when the hosts played the United Arab Emirates in the quarter-finals.
  • UAE gateway to GCC and Africa markets, says India’s industry minister

    India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number one trading partner. Goyal talked with industry executives and leaders of Export Promotion Councils in Mumbai on Saturday on using available opportunities to widen their global impression by grasping business...
  • Tourism, retail to fuel Dubai economy growth in 2022

    The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai Economic Outlook and Opportunities in Dubai Exports. They pointed to a positive and robust recovery for the UAE economy over the next five years.
  • UAE and US discuss regional, defense issues at annual Joint Military Dialogue

    Top UAE and US military officials discussed regional and defense issues in Washington as part of the annual Joint Military Dialogue. High-profile delegations headed by Lt. General Eng. Issa Saif bin Ablan Al Mazrouei, Deputy Chief of Staff of the UAE Armed Forces, and Dr. Colin H. Kahl, US Under-Secretary...
  • Tributes pour in as UAE businessman Majid Al Futtaim passes away

    Tributes pour in as the death of the leading Emirati businessman Majid Al Futtaim was announced on Friday. Al Futtaim, who founded Majid Al Futtaim Holding in 1992, expanded it across the Mideast with malls and other ventures. The company also runs over 300 Carrefour supermarkets and hypermarkets across Africa,...
  • Saudi index shines, UAE stocks ripple

    Global cues and local developments could not dampen the overall improvement.
  • Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’

    UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest Winter campaign. The campaign is carried out by the UAE Government Media Office, in collaboration with the Ministry of Economy and relevant tourism and culture entities. An official statement said...
  • Nearly 14,000 Bahraini nationals invested in UAE companies in 2020

    A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for various economic activities were granted to them, the UAE Ministry of Finance has said. The Ministry said on the occasion of Bahrain National Day that trade between the UAE and...
  • Saudi Arabia to dominate regional ecommerce

    Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia an ecommerce powerhouse.
  • RewirEd Summit concluded at Expo 2020 Dubai

    The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major announcements and program launched to transform the worldwide education system
  • UAE taps Harvard lab to help build its economy

    The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s efforts to create a new model for the formulation of future economic policies
  • Binance may move to Dubai as part of crypto deal

    TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
  • Blinken says US still prepared to sell jet fighters to UAE

    The $23 billion arms package was pushed through by former president Donald Trump in what was seen as a reward for the United Arab Emirates' recognition of Israel, but his successor Joe Biden has pledged greater oversight over the planes. The Gulf state threatened to dump the agreement Tuesday over...
  • UAE names newly EAO-discovered stars after Sheikh Zayed

    The stars were photographed using an Astronomical Observatory with a diameter of 0.6 meters, using a specialized astronomical camera at a cooling temperature of minus 30 degrees Celsius, an optical filter (Johnson V) and an optical filter (Sloan r) to provide accurate optical readings of the observed stars in order...
  • GCC Summit issues Riyadh Declaration

    The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.
  • Cooperation, security remain focus of GCC summit

    The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.
  • Borouge and ADNOC sign agreement

    ADNOC L&S will manage integrated logistics for Borouge.