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.
  • Disagreement over who would lead the new entity led to merger's failure.

    The initial 30 percent plunge saw Zee lose as much as 55 billion rupees ($661 million) in market value.

    "Considering that Zee still has six billion rupees cash on books... we see no bankruptcy risks," an expert said.

  • They will establish e-methane supply chain from UAE-Japan.

    Masdar tweeted that this partnership will contribute to both nations’ shared goal of achieving carbon neutrality by 2050.

    E-methane is synthetic methane produced from carbon dioxide (CO2) and green hydrogen.

  • Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...

    The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.

    On Monday, emirate recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million.

  • The Group said the program is valued at $933 million.

    The Program is expected to be admitted to the London Stock Exchanges International Securities Market.

    It has been rated (qaBBB) with a stable outlook at the national scale rating by Capital Intelligence Ratings Ltd (CI).

  • New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...

    According to data compiled by Bloomberg, the value of shares listed on Indian exchanges hit $4.3trn on Monday, higher than Hong Kong's $4.29trn

    Hong Kong's benchmark Hang Seng index, which includes shares of many influential Chinese companies, ended last year 14 percent lower

  • “The future of travel heavily depends on the transformative power of biometrics and touchless passenger experiences. These innovations aim to...

    Thani Alzaffin of Emaratech Group highlights the crucial role of advanced technologies in modernizing airport security.

    Middle Eastern airports are adopting state-of-the-art security measures, including facial recognition and iris scans.

  • Manama, Bahrain-- Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry...

    The Bahrani minister spoke of the kingdom's resolve to continue developing the exhibitions' sector by providing it with facilities

    The two sides discussed establishing more major international events and exhibitions across the cities of the GCC countries

  • It will engage in the import and trading of oil products.

    The new company will be involved in the import and trading of refined oil products, petrochemicals, lubricants, and grease

    It has invested $11m as first stage investment in the emirate and plans to double this investment to $22 million by 2025-26

  • The company also owns the Bloomingdale's store chain.

    Macy's said the proposal "does not constitute a basis to enter into a non-disclosure agreement," with Arkhouse and Brigade

    In a letter to the two firms, Macy's chairman Jeff Gennette said he had "serious reservations" about their ability to finance the deal

  • RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...

    The agreement aims to develop a major tourism attraction in the Eastern Province of the Kingdom of Saudi Arabia.

    The partnership between ASFAR and the Municipality of Al-Ahsa is set to transform the Eastern Province’s leisure and hospitality sectors.