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.
  • The TGV 4 Plus fund, which has been oversubscribed, focuses on blockchain firms primarily in late-stage equity funding Series B...

    TGV is funded by 40 partners who contribute 27%, along with a number of entrepreneurs, business angels, family offices and institutional investors

    Many limited partners of True Global Ventures are based in the Middle East

  • Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...

    Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid

    Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss

  • The Mall of Oman is said to be the country’s largest complex of its kind.

    The Mall of Oman has the only IMAX experience in the country

    It will soon have global cafés and restaurants that offer more than 50 dining options

  • The US imposed its harshest sanctions on Iran three years ago as Washington, under President Donald Trump, unilaterally abandoned an...

    One of the ways to do this is to swap oil for goods or investment

    This potential solution can also be used in other sectors and industries

  • The decision is said to be based on an agreement with Iraq, and apparently follows prior notification. Iran used to...

    Iran notified the Iraqi side about this reduction two weeks ago

    This export cut will continue for up to six months

  • The port, to be operated by Shanghai International Port Group, is expected to bring competition to a sector plagued by...

    It is expected to enable larger classes of cargo ships, carrying 18,000 containers or more, to dock in Israel

    About 99 percent of all goods move in and out of Israel over sea, and an upgrade is needed to maintain economic growth

  • IsDB also contributed to Covid-19 relief in 2020, where it approved financing of around $2.3 billion.

    IsDB gave out around $6.8 billion to various nations last year

    Egypt’s share in that, at $1.13 billion, amounted to around 17 percent

  • The DLD weekly report said 146 plots were sold for AED 2.26 billion, 1,080 apartments and villas were sold for...

    The DLD weekly report said 146 plots were sold for AED 2.26 billion, 1,080 apartments and villas were sold for AED 2.25 billion

    Jabal Ali First recorded the most transactions for this week with 40 sales transactions worth AED 89.57 million, followed by Ras Al Khor with 30 sales

  • The consortium consists of Siemens Mobility, Arab Contractors, and Orascom Construction. Egypt’s National Authority for Tunnels has chosen the consortium...

    The project is expected to link two cities that are about 660km apart

    Orascom estimates that the project will create 15,000 direct jobs

  • Aleppo, long considered one of Syria's main commercial hubs, has lost many of the merchants and businessmen who once gave...

    Aleppo, long considered one of Syria's main commercial hubs, has lost many of the merchants and businessmen who once gave the city its economic edge

    The vast souks, the oldest of their kind in the world, stretch from the western part of the Old City to the gates of the citadel in the east