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
  • Dakar, Senegal -- Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its right to operate a major bauxite mine in the West African country. Guinea, which has been run by a junta since a coup in 2021, has cancelled dozens of licences...
  • Man Utd’s Glazer buys T20 franchise in new UAE league

    Manchester United co-chairman Avram Glazer has acquired a franchise for a new T20 professional cricket league in the United Arab Emirates, organizers announced on Wednesday. Glazer completed the purchase in his role as chairman of private equity firm Lancer Capital.
  • FCSC documents UAE’s success since discovery of oil in 1950s

    In its new report to be published soon, titled "The UAE: Data Documenting the Journey until 2020", the Federal Competitiveness and Statistics Centre (FCSC) reveals key facts and figures underscoring the country's economic growth during the past 50 years, to mark the country's Golden Jubilee.
  • The union is advantageous: Sheikh Zayed

    The union amongst Emirates is just fine despite being a new experience for us. We did not adopt our neighbors’ experiences. We rather counted on our faith in our brethren rulers of the Emirates and in the importance of the union as a cordial solution to the problems of disintegration,...
  • Emirates, Al Jazeera among 44 GCC brands to win World Branding Awards 2021-2022

    A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards. More than 5,300 brands from over 60 countries were nominated for the awards across multiple categories. Of these, only 500 brands were declared winners. The Virtual Awards Ceremony welcomed over...
  • UAE vows to ease suffering of victims of human trafficking

    The UAE has affirmed its commitment to assist in the efforts to ease the suffering of victims of human trafficking, ensure their rights, and end this crime, in line with the Sustainable Development Goals 2030.
  • UAE Cabinet approves laws for housing loans, medicines

    The UAE cabinet has also approved policies to boost the creative sector, and even rehabilitate convicts and juvenile delinquents.
  • UAE seeks to diversify economy beyond oil

    With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...
  • FIFA Club World Cup to be held in UAE in Feb

    The cup will run from Feb 3-12, featuring eight matches between the champions of the six continental confederations along with the top team in the host nation.
  • UAE and Greek credit insurance organizations to promote businesses

    The UAE's federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO) to boost the bilateral trade and economic cooperation between the UAE and Greece. The two agencies will support local businesses of both the countries operating in agriculture, construction, renewable energy,...
  • EPG to bring out NFT stamps on National Day

    To commemorate the UAE’s National Day, Emirates Post Group (EPG) will issue non-fungible token (NFT) stamps, the first in the region.
  • US and UAE creating jobs of the future: AmCham Abu Dhabi executive

    American companies are creating a framework for future jobs, which is a new area of cooperation between the US and the UAE, a senior executive of an American business body has said. "We’re actually creating a curriculum in American companies for jobs that don’t exist. So, the US and the...
  • $1.03 billion Dubai housing project unveiled by Sheikh Mohammed bin Rashid

    A total of 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas under AED3.8 billion ($1.03 billion) housing projects in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the projects that also include an AED 500...
  • UAE orders release of prisoners to mark National Day on Dec. 2

    The President of the United Arab Emirates Sheikh Khalifa bin Zayed Al Nahyan ordered the release of 870 prisoners on Sunday.
  • Siemens lands UAE deal

    This partnership is expected to support UAE Industry 4.0.
  • UAE legal system gets major revamp

    It also covers copyright, trademarks, commercial register, electronic transactions, trust services, factoring, and residency, in addition to laws related to society and personal security including as the Crime and Punishment Law, the Online Security Law, and a laws regulating the production, sale and use of narcotics and psychotropic substances.
  • UAE says 100% of population received one Covid jab

    The entire population of the UAE has received at least one dose of a vaccine against Covid-19. The country has so far recorded more than 741,000 cases of Covid-19, including 2,145 deaths. IT said last month it had overcome the pandemic as it saw the lowest infection numbers since its...
  • UAE gets its first driverless autonomous vehicle

    Khalifa University has thus become the first university in the UAE to deploy an Autonomous Vehicle (AV) on campus that can also run in ‘real environment’ off campus, bringing smart sustainable mobility to the community and contributing to the UAE’s sustainable development initiatives.
  • UAE reviews measures to counter money laundering

    Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee Overseeing National Strategy on Anti-Money Laundering and Countering Financing of Terrorism in 2021 at Expo Dubai.
  • Iran official visits Kuwait and UAE ahead of Monday’s nuclear talks

    The visit by Ali Bagheri, Tehran's chief nuclear negotiator, is the first to Gulf Arab states by an official of the new government of Iran's President Ebrahim Raisi. The UAE downgraded ties with Iran in 2016 amid rivalry between its ally Saudi Arabia and the Islamic republic.
  • UAE general wins Interpol presidency for a 4-year term

    Major General Ahmed Nasser al-Raisi of the United Arab Emirates has been elected as the new President of Interpol, according to an announcement on Twitter on Thursday.
  • Dubai and Abu Dhabi to vie for Gulf Capital’s offering

    Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.
  • UAE and Italy to scale up collaboration in bio-sciences

    The UAE and Italy can join forces to lead the world through the "structural shift" underway in the biomedical sciences sector, the fourth Global Manufacturing and Industrialization Summit (GMIS) Week heard today.
  • MSCI includes Waha Capital

    The company has been added to key UAE and global small-cap indices.
  • Carbon capture tech finally gaining speed: IEA

    For net-zero, carbon-capture tech cannot spend another decade on the sidelines of climate mitigation efforts, said the IEA.
  • Israel Aerospace Industries to open office in UAE

    The new office will strengthen IAI's growing cooperation with the local and regional governments, industries, companies, and academia, and will provide additional business opportunities for future collaborations on technological developments in the defence and civilian sectors, said an IAI statement issued on Thursday.
  • UNESCO declares Dec 2, UAE’s National Day, as World Futures Day

    UNESCO's choice of December 2, the National Day of the UAE, as World Futures Day, is a sign of appreciation for the UAE’s global role over the past 50 years to imagine and create the future, the country's leadership has said. Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of...
  • ADNEC to acquire Etihad Holidays

    The move is aimed at expanding its footprint in tourism.
  • UAE announces $10 billion fund for investments in Turkey

    Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace in Ankara on Wednesday before they went into talks. The meeting was followed by a signing ceremony for several agreements, the content of which was not divulged.
  • EDB lends $190m to SMEs

    The loans were given to industrial companies in five priority sectors.
  • Abu Dhabi crown prince makes first Turkey visit in decade

    Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed held talks with Turkish President Recep Tayyip Erdogan in Ankara on Wednesday, opening a new chapter in relations between the regional rivals. Later the UAE announced a $10 billion fund for investments in Turkey, state media reported.
  • ESG of UAE buys 70% stake in WFC Holding

    Emirates Stallions Group (ESG) has bought a 70 percent stake in WFC Holding as part of its plan to diversify into new areas, the company said on Wednesday.
  • UAE energy ministry intensifies monitoring of liquefied natural gas shipments

    The UAE's Ministry of Energy and Infrastructure said on Wednesday that it is intensifying inspections of liquefied natural gas (LNG) shipments coming to the country in collaboration with its partners. Intensified inspections are being carried out to ensure compliance with standards and technical regulations and specifications in place in the...
  • UAE banks waive $313 million in debts of 4,511 Emirati citizens

    Debts of 4,511 Emirati citizens, amounting to AED1.15 billion ($313 million), have been waived by 20 banks and financial institutions, the Non-performing Debt Relief Fund announced on Wednesday. The banks that waived the debts are First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard...
  • GMIS2021 concludes in UAE with launch of GMIS America

    The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges.
  • Fintech fuels MENA startup scene

    It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities in the region, says an expert.
  • UAE announces updated procedures for entry through border crossings

    The UAE has announced updated procedures for citizens of neighboring countries and those living in border areas, who are repeatedly entering and leaving the UAE through land borders. The Federal Authority for Identity, Citizenship, Customs and Port Security and the National Emergency Crisis and Disasters Management Authority said the procedures...
  • King Abdullah arrives in UAE, accorded warm welcome

    King Abdullah of Jordan, accompanied by his wife, Queen Rania Al Abdullah, arrived in the UAE on a state visit.
  • Israel ‘formalizing’ defense ties with Morocco on minister’s visit

    The trip comes less than a year after Morocco normalized ties with Israel in a deal brokered by former US president Donald Trump's administration.
  • GSCCO enhances Jubail port

    The company is part of the UAE-based Gulftrainer group.
  • Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief

    With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across the UAE must invest in technologies in order to stay ahead of the digital curve, Maria Pace said. She was speaking at the ‘Immersive Technologies: Unlocking a Mixed Reality’ panel...
  • UAE’s largest non-oil industrial company joins in-country value program

    Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside of oil and gas, has joined the in-country value (ICV) program of the Ministry of Industry & Advanced Technology (MoIAT). EGA’s aluminum is the biggest made-in-the-UAE export after oil and gas and is shipped to over 50 countries...
  • US Climate Envoy John Kerry in UAE for ‘Project Prosperity’

    The UAE, Jordan, and Israel have committed themselves to building renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region.
  • 600,000 fish fingerlings delivered to UAE aquaculture companies

    A total of 600,000 fish fingerlings have been delivered to several aquaculture companies in the UAE, including Emirates National Fish Farming Company, by the Sheikh Khalifa Marine Research Centre. The delivery is part of the UAE’s efforts to develop the fishing sector to support the nation’s food security plans, local...
  • UAE commits to lead disruptive growth of key industrial sectors at GMIS2021

    GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.
  • VentureSouq launches FinTech Fund

    The fund invests in early stage FinTech and SaaS companies.
  • France wants ‘new economic cooperation’ with UAE: French minister

    Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.
  • UAE shares its proposals with IMO for strategic reforms

    The United Arab Emirates has given three proposals to the International Maritime Organization (IMO), supporting the reforms undertaken by IMO on the development and improvement of the work system.
  • EU, GCC begin new era in relations

    However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and pragmatic approach to strengthen the strategic partnership between the 27-member bloc and the GCC. In the new positive climate in EU-Gulf ties, talks on the FTA are likely to resume...
  • Emirates Post and ENOC team up to boost delivery services

    Emirates Post and ENOC Group have partnered to improve delivery services in logistics and e-commerce field in the UAE.
  • UAE, Israel sign MoU in educational affairs

    The MoU was signed under the framework of the Abraham Accords Peace Agreement signed between the UAE and Israel last year.