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.
  • Dubai, UAE -- The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) Wednesday announced a new $100...

    DCT said the fund will support building and establishing a Culinary School to aid with recruitment, training, and other staffing resources in the sector.

    The first two recipients of the new Abu Dhabi Culinary Investment Fund would be announced in the coming months.

  • Firms will work together on nuclear, renewable energy.

    The two firms seek to address global challenges by adopting innovative solutions in health sciences and nuclear and clean energy.

    The MoU comes as part of the UAE’s Year of Sustainability in preparation for the country's hosting of COP 28 to promote environmental sustainability.

  • The repurchase will be made through open market transactions.

    To date, DAE has repurchased approximately $1.13 billion of principal amount of its publicly traded bonds under the previous authorizations of $1.2 billion.

    The airplane lessor currently has approximately $3.5 billion of publicly traded bonds outstanding in the capital markets.

  • Dubai, UAE – Dubai's real estate market recorded real estate transactions worth AED1.9 billion ($517 million) on Wednesday, Dubai Land...

    Wednesday's sales included 474 villas and apartments worth AED1.13 billion, and 31 land plots worth AED445.47 million.

    On Tuesday, the emirate recorded deals worth AED1.2 billion ($326 million) , including 433 sales transactions worth AED820.06 million

  • FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the...

    The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening.

    The central bank holds its next meeting on May 4 and all eyes are on whether policymakers will implement another hike and by how much.

  • Paris, France -- French supermarket giant Carrefour said on Wednesday it would allow female employees to take days off if they...

    The move is the latest to allow women extra time off in a country where paid menstrual leave still depends on the individual initiative of employers.

    The company, which has supermarkets all over the world, said the measures would for the moment only apply to workers in France.

  • Diaverum is world’s third-largest provider of dialysis services.

    Founded in 1991, Diaverum operates across 23 countries, with 440 clinics and over 13,000 employees.

    It has a strong track record of clinical excellence, providing critical care to around 39,000 patients.

  • The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed...

    Netflix said it expects to begin rolling out its options for paid password sharing this quarter instead

    Market tracker Insider Intelligence forecast that Netflix will bring in $770 million in ad revenue from the new tier this year

  • The bank's net profit vaulted to US$15mn in Q1, up 80%.

    The jump in the net profit of the bank come on the back of improved net interest income and lower provision charges

    Its operating income rose 5 percent in Q1 of 2023, as against the same period of last year, due to a 38 percent jump in net interest income

  • The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services,...

    The economic zone supports over 18,000 SMEs and multinational corporations, providing them with simplified processes, customized packages, and digitalized services, says Jallad

    RAKEZ offers regular B2B networking opportunities, hosts workshops and seminars, and provides aftercare support to ensure businesses thrive in the UAE and beyond, he adds