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.
  • BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...

    A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.

    Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.

  • Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an...

    Cook's visit comes as Apple, the world's biggest company by market value, is trying to move production out of China

    The CEO has pledged to increase Apple's spending on its rural education program in China to 100 million yuan ($15 million)

  • The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple in value by 2030 to...

    Trade in green goods grew by four percent in the second half of 2022, reaching a record $1.9 trillion in 2022

    The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple by 2030 to reach $2.1 trillion

  • The shares fell on the lender's rising cost of default cover.

    The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade

    German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations

  • Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...

    The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year

    The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time

  • Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...

    The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May

    Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people

  • Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total...

    The World Cup, which begins on Saturday at Meydan Racecourse, will see horses from 13 countries in the contest.

    The Meydan Racecourse, in partnership with leading auction house Goffs, hosted the second Dubai Breeze-Up Sale on 21 March.

  • ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian. Emirates NBD Capital...

    Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority.

    The firm provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.

  • The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But...

    Based on the previously announced price range of AED 1.00 to AED 1.03 per share, the size of the retail tranche will now be between AED56.3 million and AED57.9 million.

    Al Ansari is Dubai's first IPO this year. The company expects to list and start trading on the Dubai Financial Market in April.

  • COPENHAGEN, DENMARK - Denmark has invited the Russian-controlled operator of the Nord Stream 2 pipeline to help recover a mystery object...

    Russian energy giant Gazprom holds a majority stake in the twin pipelines, with the rest owned by German, Dutch and French companies.

    The Danish energy agency released a photo of the cylindrical object standing near the Nord Stream 2 pipeline at the bottom of the sea.