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 Group reported a 12 percent increase in revenue.

    Majid Al Futtaim Properties' revenue increased by 43 percent to AED 5.8 billion, while EBITDA grew 16 percent to AED 3 billion.

    Majid Al Futtaim Retail reported a 7 percent increase in revenue to AED 28 billion in 2022, driven by renewed consumer confidence.

  • stc had in Jan signed sale and purchase pact with solutions.

    The company did not disclose the value of the deal that is expected to be closed in the second quarter of 2023.

    stc revenue exceeded $17 billion for the first time ever in 2022, reaching 67.43 billion riyals ($17.97 billion).

  • The facility will be constructed at Dubai Industrial City.

    Spanning 1.37 million square feet, the manufacturing and warehouse facility is set to open in 2025.

    The new facility will meet the demands of B2B and B2C customers across the GCC, African market and Southeast Asia.

  • The city has won a huge following among the people who see it not just as a city for business,...

    The city won the first spot as 35 percent of the respondents said that they would prefer to live in the city of the future

    Doha came in second (34 percent), followed by Riyadh (19 percent) and Abu Dhabi (12 percent)

  • Tehran, Iran - She could have left Iran, as many of her contemporaries did, but Paris-trained pastry chef Shahrzad Shokouhivand...

    Shokouhivand hopes to see the lifting of the severe, mostly US, sanctions over Tehran's nuclear policy that are squeezing the country

    Because of the sanctions, she says, "it is very difficult to find quality chocolate, good butter and vanilla" among other essential baking ingredients

  • It will make an initial public offering before listing.

    The company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth

    It has entered into a cornerstone investment agreement with IHC, under which the latter has agreed to invest in the planned IPO

  • The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway...

    The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway CCO Adnan Erriade tells TRENDS

    Every stakeholder in the financial ecosystem stands to gain from open banking, but end customer remains the biggest beneficiary, adds Erriade in an interview

  • Pact is likely to help enhance Kingdom's non-oil exports.

    The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh

    It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China

  • Cairo, Egypt - Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded...

    The scheme promised large profits from crypto-currency mining and trading services, for fees charged at an attractive foreign exchange rate.

    The network pocketed about US$620,000 at the expense of its victims in the country now battered by an economic crisis and rapid inflation.

  • Riyadh, Saudi Arabia-- Saudi Arabia ranked first globally on the Global Knowledge Index 2022 in the percentage of students enrolled...

    The Index is issued by Mohammed bin Rashid Al Maktoum Knowledge Foundation in collaboration with United Nations Development Program.

    It provides reliable data to help countries and decision makers to understand and face the real transformations and challenges.