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 airline's revenues were $12.2 billion, up 37 percent.

    The strong first-quarter results will enable American to make profit-sharing payments to employees for the first time in three years.

    With higher debt levels than rivals, American said it is around 60 percent through its goal of reducing debt by $15 billion by the end of 2025.

  • Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...

    The first quarter growth figure adds to lackluster US consumer confidence data which has deepened worries about a broader recession.

    Yields on US government debt rose after the data was released and also reported a drop in weekly jobless claims.

  • Operating income increased by 51 percent year-on-year.

    The Q1 net profit rose by 60 percent sequentially, leading to an annualized Return on Tangible Equity of 18.5 percent.

    The cost-to-income ratio improved to 25.1 percent, compared to 33.2 percent in the same quarter last year.

  • Meta reported a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave...

    About 30 minutes into trading, Meta was up around 15 percent, while all three major US indices were in positive territory.

    The broad-based S&P 500 advanced 0.8 percent to 4,087.37, while the Nasdaq Composite Index climbed 0.9 percent to 11,960.26.

  • US economic growth lost steam in the first quarter this year, said the Commerce Department, as the possibility of a...

    US gross domestic product rose at an annual rate of 1.1 percent in the January to March period, down from 2.6 percent in the fourth quarter last year.

    The GDP growth figure "reflected increases in consumer spending, exports, federal government spending," said the US Commerce Department.

  • The UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports...

    Non-oil trade relations between the two grew to $401 million in 2022, marking a 31 percent rise in comparison to 2021.

    Bilateral FDI between the two touched $3.8 million by 2020, which is likely to increase further with UAE all set to export more

  • The firm had sold its oil sands activities in Canada to SunCor Energy.

    TotalEnergies revealed that the net profit during the first three months was $5.6 billion in 2023.

    Jump in oil, gas prices post Russia-Ukraine war boosted TotalEnergies' profit to $20.5bn in 2022.

  • The bank's profit was boosted by rising interest rates.

    Pre-tax profit rallied 16 percent to $3.2 billion, making Barclays the biggest gainer on London's top-tier shares index.

    The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.

  • Dubai, UAE - DP World Limited, a global container terminal operator based in Dubai, has reported an increase in container...

    The company handled 19.5 million TEUs across its global portfolio, which is a 1.4 percent increase on a reported basis

    The growth was driven by a strong performance in Asia Pacific and India, while Europe and the Americas saw softer performance

  • The company reports its worst quarterly profits in 14 years.

    The first-quarter net income of Samsung fell 86.1 percent to 1.57 trillion won, and sales dropped 18 percent to 63.75 trillion won

    Samsung blamed weakening demand for memory chips, which usually generate about half of its profits, and falling chip prices