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 stock rocketed to AED3.7 from an offer price of AED1.34.

    Its initial public offering (IPO), which was oversubscribed 136 times, received total gross demand amounting to US$25.8 billion

    The company's listing gives investors a chance to buy shares in the region’s leading international big data analytics company powered by AI

  • The region's corporate/M&A activity is expected to grow this year on the back of an unprecedented Sovereign Wealth movements in...

    The region's corporate/M&A activity is expected to grow this year on the back of an unprecedented Sovereign Wealth movements in Abu Dhabi and Saudi Arabia, says an expert

    The region continues to defy the global declining trend, with a 13% rise in M&A transactions in 2022, adds Fraser Dawson, CFA, Partner at Corporate Finance, Addleshaw Goddard

  • Brussels, Belgium - The 27 EU member states approved Monday a deal between Brussels and Germany that lifted Berlin's block on...

    The ban on internal combustion engines is key to the EU's ambitious push to become a "climate neutral" economy by 2050, with net-zero greenhouse gas emissions.

    Germany blocked the deal at the 11th hour, calling for an exemption for cars that run on synthetic fuels.

  • Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has...

    The Technology Innovation Institute's AI and Digital Science Research Center will partner with Mohamed bin Zayed University of Artificial Intelligence.

    Over a period of three years, the researchers will work on developing advanced AI models for cybersecurity and smart city applications.

  • Created by US startup OpenAI, ChatGPT appeared in November and was quickly seized upon by users amazed at its ability...

    Europol said the criminals may use phishing, disinformation and malware to do more online frauds.

    ChatGPT can also be used to write computer code, especially for non-technically minded criminals. the agency said.

  • The date of distribution will be announced later.

    The General Assembly date will be set after securing the formal approvals from the relevant authorities.

    The Group reported a net profit of 742.80 million riyals for 2022, a 234.75 percent rise over 221.90 million in 2021.

  • The agreement with Rongsheng Petrochemical comes as Saudi Arabia -- the world's biggest crude exporter -- increases political ties with...

    Rongsheng deal comes day after Aramco announced it would partner with two other Chinese companies to build a refinery and petrochemical plant in the Chinese city of Panjin.

    Aramco CEO Amin Nasser said at the China Development Forum on Sunday the firm, a leading source of income for the kingdom, was "doubling down on China's energy supply".

  • The sukuk terms will be determined as per market conditions.

    The bank said the offer will meet the bank’s financial and strategic objectives in accordance with its Sustainable Finance Framework.

    The bank issued its Saudi riyal-denominated Tier 1 sukuk valued at SAR 6.5 billion ($1.7 billion) in January last year.

  • It will explore low-carbon ammonia value chain in Germany.

    The primary focus of the agreement will be the production and transportation of low-carbon ammonia and its application as a fuel in energy generation.

    Ammonia, a compound of nitrogen and hydrogen, can be used as a low-carbon fuel across a wide range of industrial applications, including transportation.

  • Saeed Mohammed Al Ghamdi, who had been serving as CEO, will replace AlKhudairy as chair, Monday's statement said. Talal Ahmed...

    Saudi bank's board of directors accepted the resignation of Ammar AlKhudairy due to personal reasons, said the statement published on Saudi stock exchange

    Credit Suisse's shares plummeted on March 15 after AlKhudairy said the Saudi bank would not raise its stake from 9.8 percent due to regulatory constraints