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 Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the...

    The bill was backed by Mark Warner, a senior US senator from the Democratic party, and John Thune, a South Dakota Republican

    TikTok reacted by again pointing to its months of negotiations with the Committee on Foreign Investment in the United States (CFIUS)

  • Excluding currency effects, the sales gain was 11 percent.

    For 2022, net profit at the Danish firm rose four percent to a record 13.8 billion kroner ($1.98 billion).

    The company has been buoyed both by sets based on franchises such as Star Wars and Harry Potter.

  • US interest rates will likely peak at a higher level than previously anticipated due to economic data that came in...

    The US central bank has raised its benchmark lending rate eight times since early last year.

    US job gains had surged unexpectedly in January while unemployment slipped to its lowest rate in more than five decades.

  • The bank had posted a net profit of $985 million for 2022.

    This represents an increase from 31 fils per share in 2021 and constitutes 49.2 percent of the bank's net profit for the year.

    The bank posted a net profit of $985 million (AED3.62 billion) in 2022, a 55 percent increase from the previous year.

  • Emtelle to invest $50m to build manufacturing facility.

    The pact is the latest step in the expansion of Emtelle in the Middle East, following the acquisition and rebrand of AfriPipes Middle East in 2021.

    Emtelle is undertaking a major expansion into North America with the opening of a manufacturing facility in North Carolina, US.

  • The Aluminum producer claimed 2022 results as its strongest ever.

    EGA said the adjusted EBITDA for 2022 was up 37 percent to a record $3.4 billion, compared to $2.5 billion in 2021.

    The company paid shareholders E$1 billion in dividend --,an interim dividend of $600 million in July and further $400 million at the end of 2022.

  • Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and...

    The company is preparing the sites at ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity

    It is a market leader in industrial real estate in the Middle East, South Asia and Africa with 1.5 million SQM of warehousing and 12 million SQM of industrial land

  • The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the...

    The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year

    The UAE’s IPO pipeline was very strong last year with a number of public and private sector entities listing on the Dubai and Abu Dhabi stock exchanges

  • Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert...

    Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert tells TRENDS in an interview

    The only way FTX could re-emerge after its bankruptcy proceeding is by finding new investors or is bought out, says Elizabeth Rayment of Your Mind Media Agency

  • Young women in the MENA region are more likely to be in the workforce, while the GCC countries — particularly...

    A PwC survey last year found that a large group of younger women are more likely to go to work and remain in employment to fulfil their ambitions in MENA region.

    Saudi Arabia has witnessed a 35.6 percent increase in the women's economic participation. Still, the gender gap in leadership roles is huge.