INSEAD Day 4 - 728x90

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

  • "The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...

    Integration of ESG into finance sectors highlights the evolving expectations from CFOs.

    In-house research shows 89 percent of CFOs rate communication as the most vital skill.

  • The airline backs intensified oversight from the FAA.

    The company said it will support oversight from the Federal Aviation Administration after a near-catastrophic Alaska Airlines incident

    The Federal Aviation Administration grounded more than 170 MAX 9 planes for about three weeks. after the Alaska Airlines emergency

  • With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far...

    With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far surpassing the global average, say a report.

    AI and machine learning are viewed by UAE tech leaders as pivotal for reaching short-term objectives, outpacing the perceived utility of the metaverse, it adds.

  • Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...

    "We thank the Commission for agreeing with us that iMessage should not be designated under the DMA (Digital Markets Act)," an Apple spokesperson said

    The EU has built a powerful legal arsenal to take on the internet giants, including the DMA and its sister milestone law, the Digital Services Act (DSA)

  • The firm recorded a 27 percent rise in profit compared to 2022.

    The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion

    Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

  • Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural...

    The EU acknowledged that a combination of geopolitics and extreme weather meant farmers were struggling to meet the fallow land rule

    The fallow land rule was imposed as part of the bloc's common agricultural policy to promote biodiversity

  • The cryptocurrency has enjoyed a strong run-in recent month, fueled by expectations US lawmakers would allow the creation of exchange-traded...

    After dropping in reaction to last month's green light by Washington, bitcoin has rallied about 25%

    That advance saw it hit as much as $50,328, according to Bloomberg data, its highest level since late 2021

  • Sales at the French firm dipped last year to US$30.5bn.

    Sales by volume dropped by 4.7 percent but Michelin said this reflected its strategy of prioritizing markets and business segments

    Sales of premium and big tyres, in particular for SUVs, helped improve the company's performance, as did a drop in costs for raw materials

  • The company's revenue for the year 2023 was US$3.05bn.

    The company's EBITDA for 2023 shot up 20 percent to US$1.483 billion with industry-leading EBITDA margin of 49 percent

    It added 14 new drilling units in 2023, including four lease-to-own land rigs, making it one of the world’s largest fleets of 129 rigs

  • The fund has an existing portfolio valued at US$158m.

    Its CEO said the issue is a step in their journey to generate consistent and sustainable value for investors

    The fund has an existing portfolio valued at $158 million, primarily invested in educational assets in the UAE