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.
  • Analysts polled by the Swiss financial newswire AWP expected UBS's first quarter net profit to tick in at around $1.7...

    Net income of UBS for the first quarter was reduced by an increase in litigation provisions of $665 million to settle an old dispute linked to the subprime crisis

    UBS said it saw a net inflow of new money into its global wealth management division of $28 billion, of which $7 billion came in the last 10 days of March

  • Netflix, which spent more than 1 trillion won ($750 million) developing Korean content from 2015 to 2021, had previously said it...

    Sarandos said that Netflix had great confidence that South Korea's creative industry would continue to tell great stories, pointing to the recent success of "The Glory"

    Yoon Suk Yeol, who arrived in Washington Monday for a six-day state visit, said the new investment will be a great opportunity for Korean content industry, creators, and Netflix

  • Financial results were published in ADB’s Annual Report 2022.

    The $20.5 billion comprised loans and guarantees, grants, and equity investments provided to governments and the private sector

    The bank made wide-ranging investments in quality infrastructure as well as in education, health, and other social sectors

  • Coca-Cola's profits came in at $3.1 billion, up 12% from 2022.

    Sales volumes grew three percent thanks to increases at sporting events, movie theaters and other away-from-home venues.

    The company benefited from the reopening of China's economy, but noted that activity is still below pre-pandemic levels.

  • Two loan agreements were signed in the Kyrgyz capital Bishkek by the SFD CEO Sultan bin Abdulrahman Al-Marshad with the...

    The first agreement worth $100 million involves financing the construction of 3000 housing units covering an area 255,000 square meters.

    The second agreement is related to financing of the Taraz-Talas Road Project (Phase 4), which aims to reconstruct 93 km of road to improve road safety.

  • Dubai, UAE - The passengers of Dubai Metro surpassed two billion since its inauguration on September 9, 2009, the Roads...

    The metro's Red Line transported 1.342 billion commuters while the Green Line served 673.531 million commuters.

    Also, the Dubai Metro maintained a punctuality rate of 99.7%, surpassing international safety standards.

  • The Group will acquire a 55 percent stake in Media 247.

    The investment in Media 247 falls under the buy and build vertical strategy of acquiring profitable companies, Multiply Group said.

    Media 247 assets include over 45 exclusive outdoor premium hoardings, unipoles and 3D structures spread across Dubai's strategic locations.

  • The state company said in a statement on its website that it was "launching its own version" of a chatbot,...

    Sber said GigaChat can "have a conversation, write messages, respond to factual questions" but also "write code" and "create images from descriptions".

    Russia has been strengthening its domestic technology sector, particularly since being hit by Western sanctions after the Kremlin launched its Ukraine offensive.

  • The total acquisition cost comes to US$26.7 million.

    This move will reinforce Maqta Gateway's market position as a leading digital trade and holistic single window solution provider.

    TTEK’s solutions use over 1.5 million risk indicators and AI predictive modeling to establish more reliable border security controls.

  • "German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.

    The Ifo institute's monthly confidence barometer, based on a survey of about 9,000 companies, rose to 93.6 points from 93.2 points in March.

    Manufacturers have been boosted in the short term by lower energy prices -- which had surged last year following Russia's invasion of Ukraine.