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.
  • The company announced Earnings Per Share of 10.1 fils.

    The company also announced an Earnings Per Share of 10.1 fils for the last year, compared to an EPS of 112.2 fils in 2021

    Its operating revenue came in at $85 million for the year ending December 31, 2022, compared to $106 million in 2021

  • Baghdad, Iraq--Iraqi oil ministry has affirmed the federal government's keenness on speeding up the resumption of the Kurdistan region of...

    The ministry stressed the importance of resuming oil exports in the wake of the decision by the international court, and resolution of "technical issues"

    It also highlighted the significance of revenues in supplying the federal budget as per the agreed quantities, saying that it expressed all of this in bilateral meetings

  • The pandemic changed tourist preferences, with greater interest in local travel, nature destinations, and wellness tourism. It also heightened awareness...

    Tourism is beginning to rebound as restrictions implemented in response to the COVID-19 pandemic have been lifted, says an OECD report

    The post-lockdown reopening of China will serve to counterbalance and provide a necessary economic boost for the region, it predicts

  • Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...

    Russia, a member of OPEC+, said it was also extending its cuts of 500,000 bpd to the end of this year, calling it "a responsible and preventive action".

    The cuts were announced despite calls from the US to raise production as consumption rises and as China, the world's biggest oil consumer, reopens after its Covid shutdown.

  • The investment was announced during Investopia 2023.

    'Smart Clinics', which was hailed as one of the key outcomes of the conference, is a new concept in the healthcare sector that focuses on improving life quality.

    Gruppo San Donato, a private hospital group in Italy, and UAE Ministry of Economy, are part of an MoU for the Smart Clinics program.

  • DUBAI, UAE - A UAE group highlighted its technological programs and initiatives aimed at boosting the educational system and reviewed...

    The UAE emphasized the significance of the event to explore the future of EdTech and ways to benefit from its applications.

    It has launched initiatives that attract international academic expertise to improve the integrated educational model.

  • DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session...

    Various executives, business leaders and experts of the digital industry discussed at length the challenges and opportunities present in the sector

    Dubai aims to become a top destination for global digital investment and tech talent and is attracting software development professionals,

  • Geneva, Switzerland -- The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across...

    The takeover of Credit Suisse was arranged by the Swiss government to prevent a global financial meltdown, following fears of contagion from the collapse of banks in US.

    Up to 11,000 jobs could be cut in Switzerland alone, according to the weekly SonntagsZeitung, which did not provide details of which posts could be targeted.

  • BRUSSELS, BELGIUM  - The EU trade in goods registered a large deficit of US$469 billion (€432 billion) in 2022, reaching...

    The deficit was due, in particular, to a steep rise in the value of energy imports, which started towards the end of 2021 and continued through most of 2022.

    Also in 2022, non-EU imports (+41 percent) and exports (+18 percent) reached their highest year-on-year growth rates recorded over the last 10 years.

  • QatarEnergy will hold the interest in the Exploration and Production Agreement pertaining to the C-10 block, while Shell will hold...

    President and CEO of QatarEnergy Saad bin Sherida Al Kaabi said the deal builds on the company's exploration footprint in Africa.

    In October last year, QatarEnergy selected Shell as its second international partner in the North Field South (NFS) expansion project.