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.
  • Inflation pushes the consumer goods giant to hike prices.

    Uniliver said revenue increased 7 percent to 14.8 billion euros ($16.4 billion) compared with the first three months of 2022

    Unilever, like companies worldwide, is passing on higher costs to customers as inflation stays stubbornly elevated

  • The total dividend payout will be $171 million.

    Shareholders holding the shares on May 4, 2023, will be eligible to receive the interim dividend, which is expected to be paid on May 25, 2023

    The total dividend payment for the year will be AED630 million ($171 million) or 9 fils per share, a 12.5 percent increase compared to the dividend for 2021

  • Dubai, UAE - Arabia Taxi, a subsidiary of Economic Group Holdings in the UAE, has signed an agreement with Tesla...

    The Economic Group Holdings owns the largest fleet of private taxi vehicles in the UAE

    These new Tesla vehicles are a step towards the company’s goal of becoming fully electric

  • BP in February announced that it expected to boost its profits between now and 2030 by investing more in both...

    Some of Britain's biggest pension funds have warned that they will oppose the renewal of Helge Lund's mandate at the annual general meeting in London

    Activist shareholders' group Follow This, which wants "Big Oil to go green", has also put forward a resolution calling for BP to be more ambitious in its climate objectives

  • Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban...

    Gulf nations make significant strides in battling scorching summer by implementing groundbreaking technologies to create cooler and more comfortable urban environments

    From Saudi Arabia's "road cooling" experiment to Qatar's air-conditioned pedestrian paths and blue-painted streets, these nations are at the forefront of innovative solutions

  • Abu Dhabi, UAE - A UAE delegation led by Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade,...

    Non-oil bilateral trade between the UAE and EU amounted to US$56 billion in 2022, achieving growth of 9.3 percent.

    Non-oil trade value grew by 28.6 percent and 14.7 percent over the same period in 2020 and 2019, respectively.

  • The bank's return on assets improved marginally to 1 percent.

    Gulf Bank recorded an operating income of KD 46.4 million for the first three months of 2023, and an operating profit before provisions of KD 25 million for the same period.

    The operating profit has increased by KD 3.2 million or 15 percent for the first quarter of 2023 compared to the same period of last year.

  • Ajman, UAE - Total real estate transactions in Ajman in the first quarter (Q1) of 2023 totaled AED3.4 billion ($930...

    The quarterly report on real estate transactions in the emirate registered 555 mortgage applications worth $207.23 million.

    Meanwhile, Local real estate transactions totaled AED1.4 billion ($380m), a rise of 34 percent compared to January.

  • The bank's operating profit rose by 35.7 percent compared with Q1 2022.

    Operating income reached AED 554.1 million, up 34.2 percent compared to AED 412.8 million in the corresponding period of 2022.

    Loans and advances and Islamic financing receivables rose by 2.3 percent to reach AED 27.5 billion compared to AED 26.9 billion at 2022 year-end.

  • Boeing's loss in the first quarter of 2022 was $1.2 billion.

    Boeing affirmed its full-year outlook for operating cash flow, a key metric, and for 737 plane deliveries in 2023.

    Boeing's revenues came in at $17.9 billion, up 28 percent from Q1 2022 and topping analyst expectations.