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.
  • Saudi Arabia aims to gain a leadership role in space.

    Serco will look to hire in Saudi Arabia, offering training and career development programs, besides building capacity

    Amar Vora, according to the company press release, has been appointed to lead the space team in the kingdom

  • Technology remained GCC's most active industry sector in terms of hiring, with 77 percent of organizations increasing their headcount last...

    Technology remained GCC's most active industry sector in terms of hirings, with 77 percent of organizations increasing their headcount last year, latest reports point out

    Nearly 88% of employers in the technology sector in GCC are planning to hire permanent employees this year, predicts the GCC Salary Guide 2023 by Hays Middle East

  • London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the...

    Microsoft-backed start-up OpenAI in November launched Content creation bot ChatGPT.

    ChatGPT had "ignited a conversation about the implications of generative AI for cyber security," the firm said.

  • "We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela...

    The employment in private sector increased by 242,000 jobs in February, almost twice the 119,000 figure in January.

    This follows a series of recent indicators showing that hiring remained strong, consumer spending resilient.

  • The company likely to buy 20 percent stake.

    The WTA tour includes more than 70 events annually but it has suffered financially from suspending tournaments in China and Hong Kong.

    Liberty Media bought CVC's stake from Formula One in 2016 but the firm owns an Indian Premier League franchise.

  • The company said the metal business alone grew by over 23 percent.

    The cable business increased by more than 9 percent during the same period, the company said.

    Ducab Group recently announced the opening of its new headquarters in the Indian city of Bengaluru.

  • Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy...

    These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda – Wave II agreement, which was signed in Berlin in January 2023.

    As part of the prioritized packages, Siemens Energy signed three long term service contracts, for five years each, for the Al Sadr, Kirkuk, and Al Rasheed power stations.

  • Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the...

    According to the survey, the majority of users (92%) lost up to $1,000 as a result of these incidents, while (8%)of the respondents reported a loss of more than $1,000

    In the Middle East alone, the company blocked more than 1.8 million financial threats and out of them 256,708 in the United Arab Emirates

  • Students are also using ChatGPT to bypass China's lucrative English language test prep industry, in which applicants learn thousands of...

    With its ability to produce A-grade essays, poems and programming code within seconds, ChatGPT has sparked a global gold rush in artificial intelligence tech

    Although in China, the service is unavailable without a VPN, over a dozen students told AFP they have used it to write essays, solve science and maths problems

  • Dubai, UAE -- DP World’s Jebel Ali Free Zone (Jafza) witnessed the highest customer registrations in a decade in 2022,...

    During the past 10 years, Jafza has seen a 13-fold increase in logistics customers, while the vehicle and transport segment saw a compound annual growth rate of 26 percent.

    The number of newly registered Chinese companies in Jafza saw a four-fold increase in 2022, indicating a post-pandemic, healthy demand from the Far East.