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.
  • Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...

    In 2022, the Council approved 26 new technical documents, reviewed 22 draft specifications and technical regulations.

    The report said that the council has conducted over 5 million laboratory examinations since 2014, 606 main services and over 2,394 sub-examinations.

  • BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its...

    The WHO official said the organization has a plan with Iraq's health ministry for seven years to advance the health reality.

    He said that "coronavirus testing laboratories have increased from one laboratory to more than 70 laboratories.

  • By the end of 2022, the UAE was expected to attract more than 4,000 high-net-worth individuals. Around 25 percent of...

    The UAE alone accounted for more than 48 percent of the $143 billion in real estate sales in the GCC region.

    Numerous celebrities—including the likes of Brad Pit, Madonna and Giorgio Armani—have already invested into Dubai’s real estate market prior to the pandemic.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...

    DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.

    Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.

  • The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network...

    Elon Musk's social media network has applied the label to BBC's Twitter account, which is funded predominantly by British households paying a license fee

    The decisions will deamplify tweets from both companies, limiting their reach on a platform that remains a major communication tool for media outlets

  • Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services...

    Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers

    The Careem Super App offers over a dozen services including food and grocery delivery, micro-mobility, a digital wallet and suite of fintech services

  • MoU will leverage core competencies of both the firms.

    The MoU will help explore joint business development and marketing opportunities across a variety of areas G42 covers.

    Microsoft and G42 will be working in the coming months to finalize the development required to ensure regulatory compliance.

  • The cash dividend will be paid for the second half of 2022.

    The dividends will be paid from 16 May 2023 and the payment is the final instalment of dividends for the year 2022.

    The company paid a total of 65.28 million riyals in dividends for the second half of 2022.

  • Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among...

    Temu, which was launched last September, is positioned as an Amazon-like superstore, selling everything from make-up to homeware and electronics

    According to Sensor Tower, Temu has had 33 million US downloads since its launch, with user numbers surging on the month of the Super Bowl

  • Cairo, Egypt-- Egypt's financial inclusion has widened as total ownership of transactional accounts reached 64.8 percent of the total 65.4...

    The country's financial inclusion rose 147 percent between 2016 and 2022 to 42.3 million citizens who own and use transactional accounts

    Mobile wallets and prepaid cards primarily led to the increase, growing by 54 percent and 31 percent respectively