INSEAD Day 4 - 728x90

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
  • A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in...

    The International Monetary Fund and France are among creditors demanding an audit of Banque du Liban as part of urgent reforms to unlock financial support

    The contract with A&M was signed by Finance Minister Youssef Khalil last month only days after he took up his post

  • The MENA region will need some 3,000 new aircraft worth $700 billion in the next 20 years to cater to...

    The value of the Middle East’s commercial jet market including services over the next 20 years will be around $1.4 trillion

    The region’s single-aisle fleet of 660 is forecast to nearly triple to 1,750 jets over the next 20 years

  • Etisalat Group and G42 have joined hands to merge their data centers, creating the UAE's largest data center provider. A...

    A total of 12 data centers will be combined in under the joint venture operating under Khazna Data Centres.

    G42 and Etisalat Group will each own 60 percent and 40 percent of Khazna Data Centres, respectively.

  • Higher non-funded income, reduction in the cost of risk push profits up.

    The total income rose 14 percent year on year and 43 percent on the same quarter in 2020 by higher non-funded income.

    The customer financing stood at AED 42.4 billion, an increae of 4 percent from 2020.

  • Streaming giant's profit grew 16 percent to $7.5 billion

    Its profit grew 16 percent to $7.5 billion

    Streaming giant ended the quarter with 214 million subscribers.

  • Smartphone sales are dominated by Apple, Samsung

    Smartphone sales are dominated by Apple and Samsung

    Google touted the phones as completely "reimagined" during a presentation

  • According to financial results, mobile customer base reached 6.5 million. The postpaid segment remains resilient with net-adds of 13,000. The...

    The revenues have grown 6.9% to AED 2,874 million on sustained demand for broadband services

    EBITDA amounted to AED 1,100 million due to cost optimization which helped contain margin pressure

  • A domain name is a name in English or Arabic letters chosen to be the address and the identity of...

    So far, mostly government entities have had permission to use this domain name

    Now, the TRA has launched a campaign to introduce the mechanisms for registering new websites with the .bh domain name

  • The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

    The agreement aims to encourage foreign investment by improving the investment environment and enhancing economic cooperation

    It will also look to secure a balance between rights and obligations between investors and the host country

  • A United Nations report has depicted a positive picture of global foreign direct investment during the first half of 2021....

    Countries around the world recorded a total of $852 billion in FDI flows, showing a “rapid recovery” from the 2020 lows

    Developed economies recorded the biggest increase in new investments, with FDI reaching an estimated $424 billion in the first half of the year