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 country has kept its position as the 10th largest producer of steel in the world this year.

    The performance of some leading Iranian steel companies indicates they exported 916,236 tons of steel in June

    This which indicates a growth of 104 percent compared to June 2020

  • DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai...

    The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid.

    Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million.

  • The wallet, Novi, would let users store cryptocurrencies.

    Facebook said in 2019 it planned to introduce a cryptocurrency called Libra, which changed its name to Diem in 2020 after facing regulatory resistance.

    Company says it would have preferred to release Novi alongside Diem, but the latter's timing was uncertain.

  • Women to form 30 percent of board members under agreement.

    The revolving credit facility is the largest in the MENA region.

    Company also plans to have all its malls certified LEED Gold or better.

  • After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios...

    After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios show off a glut of forthcoming blockbuster offerings

    But beneath the talk of theatrical renaissance is a great deal of uncertainty -- highlighted by the absence from Caesars Palace of Disney

  • They were produced by the United States and Boeing in partnership with Qatar itself.

    The rollout took place on Wednesday in a ceremony at Boeing’s headquarters in the US state of Missouri

    Qatar’s Minister of State for Defense Affairs Khalid bin Mohamed Al Attiyah was in attendance

  • Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.

    The deal establishes the framework for a collaborative arrangement for Chinese tourists traveling to Saudi Arabia

    The agreement is part of Saudi Arabia’s strategy to employ the latest technology to deliver seamless traveler experiences

  • Siemens Energy expects to kickstart the hydrogen industry in Egypt.

    Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity

    This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things

  • The plant will cost of $3.5 billion and be built in three years.

    The plant will be an integrated facility using 3 GWp of solar and 0.5 GWp of wind energy

    This will be used to produce 2,400 TPD of green ammonia with an annual production of 0.9 million tons

  • The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the...

    Hotel licenses in Saudi Arabia can now be obtained in just 10 days.

    Until March 2021, UAE had 1096 hotels with 181.3 thousand rooms.