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 inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.

    The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7

    Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week

  • Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...

    Health sector registers 84 percent growth in the number of new companies.

    70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.

  • The request for proposal has come from the Bahrain Airport Company, with the deadline for submitting the bids being September...

    The work includes the construction, testing, and commissioning of Phase 1-A of the Cargo Express Village

    Bids will be open to only Grade A and Grade AA building contractors registered with the Bahrain’s Ministry of Works

  • Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.

    Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.

    Males account for 63 percent of the licenses issued and IT tops the list of activities.

  • Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...

    The company announces a dividend of $18.8 billion.

    Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.

  • The electric car is capable of travelling for 335km NEDC on a single battery charge

    Stylish, compact SUV is first pure electric model from MG in the Middle East

    The electric car is capable of travelling for 335km NEDC on a single battery charge

  • Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

    The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels

    Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months

  • Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high...

    Bank of America predicts a net profit of $24 billion in the second quarter, up 16 percent from the previous three months

    JPMorgan estimates $23.7 billion, while Alrajhi Capital is expecting Aramco to report $25.3 billion

  • Saudi Venture Capital Company (SVC) has funded nearly 75 startups since its birth in 2018, providing them with about $250...

    SVC has $750 million to invest and has deployed around $250 million thus far: CEO Nabeel Koshak

    The company is currently focusing on sectors that lack funding, such as the health and industrial sector: Koshak

  • Saudi Arabia has received warm praise about its improved rankings on a number of global lists from the US State...

    It highlights the great progress made by the kingdom in its ‘investment and business climate’ over the past two years

    Efforts to provide more jobs for Saudis and diversify the economy raised some concerns in the annual Investment Climate Statements