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.
  • TRENDS Twitter poll suggests 48% candidates face discrimination during job recruitment process in the Gulf region, while 30% do not,...

    Recent updates to labor laws in the UAE, Saudi Arabia, and Bahrain aim to bridge the gender pay gap and address discriminatory practices

    These updates include prohibiting discrimination between male and female employees who perform the same job and introducing paternity leave in the UAE

  • The internet titan is scheduled to release its most recent quarterly earnings figures next week. A site in San Jose...

    Google's parent company Alphabet early this year announced it would cut about 12,000 jobs globally, citing a challenging economic reality

    Alphabet reported lower revenue and profit than expected in the final three months of last year as harsh economic times cooled its ad business

  • London, United Kingdom -- From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion...

    Britain's exit from the European Union without an EU-London deal on financial services has complicated access to the gigantic market and talent.

    The UK last year saw injections of funds into its fintechs slump by 56 percent to just over $17 billion.

  • Gross assets of the Islamic banks operating in the country increased to AED620.9 billion as of the end of January...

    Conventional banks in the UAE accounted for nearly 83.1 percent of the total assets in the banking sector by the end of Jan 2023.

    The Islamic banks’ deposits increased to AED434.1 billion in Jan 2023, an annual increase of 3.1 percent, compared to nearly AED421 billion in Jan 2022.

  • Its Q1 profits rose 1% to $3.4 billion, on a 4% increase in revenues.

    P&G shares rose 2.7 percent in pre-market trading following the results, which were better than expected.

    While there was a fall in sales volumes, this was offset by a 10 percent surge in product pricing -- boosting sales gains.

  • According to a ranking by the Sovereign Wealth Fund Institute (SWFI), the Norwegian fund is the biggest in the world,...

    The robust showing, representing a return of 5.9 percent, erases about half of the fund's massive $165.4-billion loss last year amid turbulence over the start of the war in Ukraine

    The fund, one of the world's biggest investors, was worth a dizzying $1.34 trillion at the end of March, or almost $245,000 for each of Norway's 5.5 million inhabitants.

  • Shares of Tesla slumped after reporting a drop in quarterly earnings and hinting the Musk-led company could face further profit...

    Twitter began the mass removal of blue ticks, with the symbol previously signifying a verified account vanishing from users including the Pope, Trump and Justin Bieber

    Despite the failure to complete the flight test and reach orbit, SpaceX and Musk, the founder and CEO of the private space company, declared it a success

  • Since the beginning of 2023 alone, three digital and physical platforms have been launched by Qatar, Oman and Kuwait to...

    The Qatar Investment Promotion Agency launched the latest Gulf investment platform on April 4, 2023

    The most prominent investment platform in the UAE is "Invest in Dubai", launched in February 2021

  • Customers at a Bahrain jewellery store study displays of pearls that are, unusually, 100 percent natural -- the result of...

    While rare elsewhere, natural pearls prised from seabed oysters by divers are the only variety produced in the Gulf kingdom, which is fiercely proud of its pearling tradition

    A tiny island state neighbouring Qatar, Bahrain is the sole country worldwide to have banned the cultivation of artificial pearls, which have flooded the market since the 1920s

  • Global equities mostly slid on auto sector woes and economic fears about the prospect of more interest rate hikes aimed...

    The dollar fell against its main rivals and crude oil tanked more than two percent.

    Europe's main equity markets were mostly lower after a mixed session in Asia.