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.
  • Washington, United States--The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund's chief economist told AFP...

    Following the fast reopening of the global economy after the Covid pandemic, prices around the world have risen exponentially

    Inflation in many countries in the world has remained well above the two percent target, despite central banks raising interest rates

  • It edged out its rival Airbus by just three aircraft.

    In order to reach its target of 720 units for the year, Airbus needs to picke up the pace in order to go past the 661 number in 2022

    In mid-March Boeing restarted deliveries of its long-haul 787, which were temporarily halted at the end of February by the Federal Aviation Administration

  • Spyware like Pegasus has been widely used by governments and other actors to spy on opponents, media and activists. The...

    The spyware and related exploit or hacking software was created by the little-known firm QuaDream Ltd

    Citizen Lab, which studies the abuse of digital technologies, said it identified five people targeted by QuaDream

  • Riyadh, Saudi Arabia - Saudi Arabia's Attribution and Liquidation Center (Infath) will hold 11 public auctions, both physical and online,...

    Auctions start with 25 real estate in the Riyadh region in the Roshan, South Arrow and Ezz.

    A total of 36 real estate properties in Jeddah and 24 such properties in Dammam will also be auctioned.

  • Dubai, UAE – Spending on artificial intelligence in the Middle East and Africa (MEA) — including Israel — will reach...

    While the spending on AI will reach $3 billion in 2023, it will hit about $6.4 billion in 2026.

    Banking, retail, and federal/central government will be the MEA region's biggest spenders on AI in 2023.

  • The net profit was down 78% compared to the previous quarter.

    The revenue increased by more than 65 percent year-on-year to 197 million riyals from 119 million riyals in Q1 2022.

    The company’s accumulated losses reached 33% of share capital due to “applying the international accounting standards and the lack of liquidity in general.

  • Major advertisers suspended Twitter activity after Musk took over.

    In January 14 of the top 30 advertisers on Twitter stopped advertising on the platform since Musk took charge on October 27.

    Musk's leadership has also cooled Twitter's remaining users, with Insider Intelligence forecasting a two minute drop in time spent on the platform to 34 minutes per day.

  • Tesla employees "circulated recordings of Tesla customers in private and embarrassing situations, without their consent," courtesy of sophisticated camera systems...

    San Francisco resident filed the suit in federal court, in the wake of a Reuters report citing former Tesla staff who said video or pictures had been accessed from people's cars

    Cameras in vehicles captured "highly-invasive videos and images" which were used for "the tasteless and tortious entertainment" of Tesla employees, the suit maintained

  • Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate...

    Dubai has been attracting young travelers in droves, thanks to its infrastructure, cleanliness, beaches, and high levels of safety

    Qatar has seen an influx of tourists, with a record number already being registered in the first two months of the year

  • Successful business leadership requires that we innovate and embrace change. This means a commitment to seek paths untrodden, embracing new...

    Increasingly, the mind is the biggest soil that must be mined, sowed, and tilled as the industries of the future require ideas, creativity and intelligence

    Successful business leadership requires that we innovate and embrace change and this means taking the roads less travelled, and willingness to take risks