INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.
  • Both will work to support the growing fintech market in UAE.

    Achieving the financial inclusion objective of the UAE one of the aims behind partnership.

    The partnership will help Infinios to expand its regionally unique banking-as-a-service solution (BaaS).

  • As the 'influencers' phenomenon gets popular on social media, many of them in the Arab world have ridden the Instagram...

    Instagram is currently one of the most powerful channels for brands and SMBs

    In the post-pandemic era, brands can be developed and sustained without physical stores

  • The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties,...

    The negotiation process for this agreement is set to begin soon

    It is expected to cover issues like market access to goods and services, ecommerce, and carbon neutrality

  • ADQ has entered into a definitive agreement to acquire the remaining 20 percent equity stake of The National Health Insurance...

    Since 2006, Daman has grown to become the nation’s largest health insurance provider

    As a partner to ADQ, Munich Re will continue to be Daman’s reinsurer

  • A consortium of companies has signed a 20-year deal with the Egyptian Electricity Transmission Company (EETC) to develop, construct and...

    The Nasdaq Dubai and Egypt stock exchange listed company did not disclose a value for the project

    The project is subject to financial close, after which the wind farm will be implemented in 30 months

  • HSBC UAE has managed to secure the first green deposit from Saudi British Bank (SABB) through its new program dedicated...

    The deposit will be used solely to finance green initiatives

    HSBC launched in June its Green Deposits offering for commercial and institutional clients in the UAE

  • Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell...

    Mubadala Capital bought K-Mac Holdings Corp from Lee Equity Partners Opportunities Fund

    Mubadala Capital has invested about $1.8 billion in the F&B sector in the past seven years

  • The Middle East’s real estate sector may benefit from the return of global population movement to pre-pandemic levels in 2024.

    Improvement in global migration has pushed the real estate sector to “new heights”

    This also comes as governments in the regions have gradually lifted pandemic-related restrictions on consumer activities

  • Sukuk momentum is expected to continue over the medium term supported by intact investor appetite, funding diversification and refinancing needs,...

    Sukuks amounting to $57.3 billion were issued in the GCC region, Malaysia, Indonesia, Turkey and Pakistan in the third quarter of 2021.

    Global outstanding sukuk reached $775.4 billion in the third quarter, 2.8 percent higher than the previous quarter.

  • The MoU was signed on the sidelines of the Expo 2020 Dubai in the presence of President Macky Sall of...

    For the UAE, the MoU signatory was Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry

    For the African country, it was Aba Traore and Elimane LAM on behalf of the Consortium of Employer’s Unions of Senegal