INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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
  • The company's stock rose more than 8 percent following the results. This year the company's share price has more than...

    Nvidia said sales doubled year-on-year to $13.5 billion in the latest completed quarter

    The company said revenue in the current quarter would ramp up further to $16 billion

  • The investment bank bought a 35% stake in Kuwaiti firm.

    The Saudi investment bank bought the stake through its private equity arm Jadwa Retail Opportunities Fund

    It will help Kuwaiti perfume company to prepare for a public listing on the Tadawul, Saudi Arabia's stock market

  • The company logged a 34% surge in EBITDA.

    The organization also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services

    DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity achieved a combined 17% growth

  • The airline's annual profit climbs up to US$1.1 billion.
  • PouYuen Vietnam employs an estimated 40,000 workers.

    It announced in May almost 6,000 workers with permanent contracts would be laid off, after letting go almost 3,000 permanent staff in February.

    That came after PouYuen put 20,000 of its workers on paid leave in rotation last year.

  • A rally in Nvidia helped propel gains in global markets earlier this week, though traders could not keep up the...

    All eyes are on a planned speech Friday by Fed chief Jerome Powell, with dealers hoping for some clarity on its plans to keep inflation on a downward path.

    Investors are also awaiting earnings from Nvidia, which is tipped to post forecast-busting revenue in the second quarter thanks to the surge in demand for its processors.

  • Tehran, Iran -- The trade exchanges between Iran and China in the first seven months of the current year reached...

    China’s top exports to Iran are mainly auto-industry related such as motor vehicles, parts and accessories, vehicle bodies (including cabs) and spark ignition engines.

    China top imports from Iran are ethylene polymers, refined copper, raw aluminum, Iron ore and acyclic alcohols.

  • Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due...

    Russia's Finance Minister Anton Siluanov the government will find ways to replace the investors to create funds required for development of the economy.

    Moscow's incursion into Ukraine has made Russia the most sanctioned country in the world. Western nations have regularly increased the sanctions.

  • Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of...

    Saudi Arabia was named the top destination for members' exports, with the total value recording year-over-year growth of more than 15 percent to reach AED35 billion.

    Members' exports to Kuwait during H1 2023 were valued at AED12.8 billion, while exports to Qatar grew by 39.3 percent.

  • The fast-food chain has some 37,000 outlets across the world.

    In February, the company said it had hired JPMorgan to advise it on a possible sale, while saying it "remains committed to the future"

    A few months back, it unveiled a franchising agreement to open some 4,000 restaurants in mainland China over the next 20 years