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.
  • US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...

    Parts of the US government began to close last week after Democrats and President Donald Trump failed to break a deadlock over spending.

    Tech firms led selling in Asia, with Alibaba and JD.com down in Hong Kong, chip-maker TSMC dropping in Taipei and Renesas sharply lower in Tokyo.

  • Multiply Group will hold 60.8% of ISEM.

    Peninsula Capital and minority investors will own the remaining 39.2 percent.

    The deal represents an expansion into packaging by Multiply Group, establishing the Group’s fifth consumer-focused vertical.

  • Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...

    The G42 District will serve as a one-stop destination for government officials, business leaders, and visitors to explore how AI is being operationalized across sectors.

    It will feature G42’s full portfolio of companies - including Core42, Khazna, M42, Presight, CPX, Inception, Space42, AIQ, AstraTech and Analog.

  • The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...

    In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.

    Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.

  • Ajman, UAE -- Real estate transactions in Ajman reached AED 2.97 billion in September, achieving a remarkable growth of 53...

    The number of real estate transactions during September reached 1,739, while the number of real estate tradings reached 1,393, with a total value exceeding AED1.87 billion.

    A total of 241 mortgage transactions were registered, with a total value exceeding AED474 million.

  • Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...

    The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.

    Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.

  • New York, United States -- OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues...

    The companies announced the plan to develop AI data centers that the chipmaker said would bring in tens of billions of dollars in new revenue over the next five years.

    AMD's share price surged 35 percent when markets opened on news of the agreement that would see the company deliver six gigawatts worth of chips to the ChatGPT-maker.

  • Across the region, countries are aligning national visions with real investment in health, longevity, and quality of life.

    The UAE’s wellness economy surged by 58 percent, reaching $34.1 billion—the largest in the MENA region and one of the fastest-growing markets globally.

    The Middle East is showing the world what’s possible when wellness is built into the foundation, not bolted on after the fact.

  • Tokyo, Japan -- Bitcoin reached a new record high on Sunday, rising above the $125,000 mark. The cryptocurrency reached $125,689,...

    The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500.

    Bitcoin has enjoyed a strong upward momentum with investors cautious about the US government shutdown.

  • If confirmed, OpenAI workers' sale of a reported $6.6 billion in shares to investors would make the company the world's...

    In the first six months of 2025, OpenAI pulled in around $4.3 billion in revenue, specialist outlet The Information reported this week.

    But like other generative AI developers, OpenAI has spending plans running into the hundreds of billions over the coming years to build the computing infrastructure.