INSEAD Day 4 - 728x90

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.
  • CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.

    Under the agreement, CBUAE and ADGM will enhance the collaboration under their co-sandbox program

    This will enable FinTech companies to test their innovative solutions under the existing digital sandbox program

  • The IPO starts Wednesday and will continue to October 18.

    The IPO price range of $0.66 to $0.72 implies equity valuation of $5.5bn-$6bn.

    The company expects to distribute a dividend of $200 million in April 2022 for the H2, 2021.

  • Tunisia found itself on European nations' red lists, making it virtually impossible for holidaymakers from major markets including France, Germany...

    In a good year like 2019, Tunisia registers about nine million hotel stays, and the tourism sector accounts for up to 14 percent of GDP.

    Roughly 3.5 million visitors entered Morocco by the end of August, up from 2.2 million the year before.

  • Apple is unlikely to meet production goals for its new iPhone before the holidays because of a global electronic chip...

    The firm will have to settle for 80m against the planned 90m iPhone 13s.

    Chip shortages were affecting all parts of the industry, not just Apple, said Apple chief Tim Cook.

  • This is the latest in the several agreements the two companies have had over the years.

    As a result of the agreement, both parties will now eye common progress in the field of decarbonization

    The agreement is scheduled to run for five years with an option to extend thereafter

  • Madayn has signed a deal to build a 100MW solar PV farm.

    Oman-based Madayn has signed an agreement with Mubadrah and Solar Wadi to build a solar farm

    Madayn, also known as Public Establishment for Industrial Estates, will build the farm in the Suhar Industrial City

  • Q3 net profit surges 44 percent compared to Q2.

    The increase in net profit was attributed to a decrease in selling and marketing expenses and financing costs.

    The net comprehensive income grows by about 2 percent.

  • ArcelorMittal Projects is a part of the ArcelorMittal Group.

    ArcelorMittal Projects has also leased 1.38 million sq ft of industrial land in the zone

    The entire transaction, to be concluded in two phases, has a price tag of AED90 million ($24.51 million)

  • DP World will contribute its stakes in three existing ports and invest $1 billion over the next few years through...

    DP World will contribute its stakes in three existing ports and invest $1bn over the next few years.

    CDC is committing $320 million initially and a further $400 million over the next several years.

  • Lee Jae-yong is accused of having repeatedly taken anaesthetic propofol at a plastic surgery clinic in Seoul in 2017 and...

    Lee Jae-yong is accused of having repeatedly taken anaesthetic propofol at a plastic surgery clinic in Seoul in 2017 and 2018

    Propofol is normally a medical anaesthetic but is also sometimes used recreationally