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.
  • Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

    The guide will introduce the ESG universe to companies listed on the stock exchange

    It will also highlight the benefits of ESG disclosure and best practices

  • The contract is to supply AC systems to Saudi schools.

    Zamil Industries unit Zamil Air Conditioners has got the contract from Tatweer Buildings Company

    The contract is worth SAR44.1 million ($11.7 million)

  • Its board of directors has okayed a 33% hike in its capital.

    Emaar EC will now put the approval plan to shareholders' vote

    This will happen at the extraordinary general meeting to be held on September 12

  • IKK Mateenbar will produce non-corrosive fiberglass rebar.

    New corrosion-free material could support the kingdom in achieving its carbon neutrality targets.

    Extreme temperatures and high levels of salinity make the kingdom one of the most corrosive environments for steel rebar.

  • Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner...

    Regulators across sectors are proactively evolving national laws and regulations to ensure that businesses perform as responsible stewards in the market, says Jamal Fakhro

    Majority of businesses in the region which have adopted corporate accountability and transparency are driving the shift in the market, adds the Managing Partner at KPMG Bahrain

  • The falcon was 16.5 inches both long and wide, and weighed 980 grams.

    An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)

    It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US

  • Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi...

    About 1.6 million establishments in the Saudi employment market are registered under the program.

    Under Updated Nitaqat, the number of economic activities will be reduced to 32 from 85.

  • The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

    The pharma and biotech index topped performance during H1 2021 with returns of 24.3 percent and 50.4 percent.

    Abu Dhabi Exchange topped the region’s equity markets by gaining as much as 35 percent.

  • There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...

    It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.

    Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.

  • The French firm, formerly called Total, will now build four power projects in Iraq.

    Iraq said this was the largest investment in Iraq by a Western company

    Iraq has immense reserves of oil and gas, but is facing an acute power crisis despite that