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.
  • Abu Dhabi’s Department of Government Support has announced ‘.abudhabi’ as the official internet TLD name for the emirate.

    The domain name is accessible to all citizens, residents, and employers working inside and outside the emirate

    More than 550 uniform resource locators or URLs have been registered to the ‘.abudhabi’ domain name to date

  • The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the...

    Moody's said the four banks combined net profit increased from last year, but returns on assets remains below pre-pandemic levels

    The four big banks account for 77 percent of UAE banking assets, Moody’s said

  • Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to...

    Private equity firm Genstar acquired the replacement parts supplier

    The financial terms of the transaction were not disclosed

  • Microsoft said the first rollout would upgrade Windows 10 PCs.

    The free upgrade for Windows 10 PCs will be phased and measured with a focus on quality

    Computers that come preloaded with Windows 11 will also become available for purchase from October 5

  • The group has endorsed the full acquisition of BMB Group.

    The deal would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of date company Al Foah earlier this year

    The value of the all-cash deal was not disclosed

  • Google campuses will remain voluntary globally through Jan 10. Local offices can decide when to ask employees to return to...

    Workers promised 30 days' notice before they would have to return to their offices.

    An extra day off in October and December granted as "reset days" to "rest and recharge."

  • Data retention, performance enhanced in the new architecture.

    OptiNAND offers customers a solution to meet the demand for storing vast amounts of data.

    A drive works smarter with enhanced firmware algorithms.

  • The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the...

    This is the latest casualty of fuel shortages in Lebanon, where hospitals have already warned that they are hanging on by a thread

    The overall shortage of power-generating fuel has resulted in protracted power cuts in the country, forcing medical facilities to run generators, which too need fuel to run

  • The delivery will take the airlines' total fleet of A380s to 188 units.

    Airline to also reinstate A380 flights on key destinations worldwide in October

    The deliveries will bring the carrier’s total fleet of A380s to 188 units in November, when the last double-decker is scheduled to arrive 

  • Any minister or senior official found guilty of corruption could be relieved of their job.

    People can submit complaints directly to the public prosecution

    Those accused may see their travel permits revoked, and even assets frozen