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.
  • NEW DELHI, INDIA -  UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...

    Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.

    The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.

  • Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani...

    Al Zeyoudi said the UAE achieved a remarkable 17 percent growth in trade figures, reaching a total of $630 billion

    The minister affirmed his confidence in the UAE's ability to continue attracting investments and achieving strong trade growth in the coming year

  • Ras al Khaimah, UAE-- Sunreef Yachts Middle East has signed a cooperation agreement with RAK Maritime City for the development...

    The new facility, developed on a 65,000 square metres land reserve, will incorporate the latest technologies in luxury yacht building

    The venture is part of Sunreef Yachts’ global expansion strategy designed to strengthen the company’s presence in the Middle East

  • As the governments and private organizations in the region are taking measures to encourage and support women entrepreneurs in the...

    A UNESCO study found that 57 percent of Science, Technology, Engineering, and Mathematics graduates in Arab nations are women

    Another study revealed that 34 percent of the region's tech-focused start-ups have been founded by women

  • TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric...

    This reserve is believed to hold "8.5 million tonnes" of lithium, according to a senior Iranian official.

    This white metal is an essential component of rechargeable batteries used in cell phones and other electronic devices.

  • ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...

    A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.

    The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

  • The company's operating profit rose 13.5% to $696 million.

    The company’s fourth-quarter net profit after tax surged 94 percent to $175 million, compared to $90.40 million in Q4 2021

    ACWA Power last month signed an agreement for a new giga-scale green hydrogen project to expand its Indonesian portfolio

  • Dubai, UAE--A media report that the United Arab Emirates is considering leaving OPEC is "far from the truth," two sources...

    The WSJ reported that the UAE is having an internal debate about leaving the OPEC following differences with Saudi Arabia

    Oil fell as much as $2 a barrel after the WSJ story, with analysts citing concerns that this might impact the OPEC+ production cut deal

  • It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030.

    It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030

    A study recently released by IMARC Group has revealed that the UAE luxury market will reach $ 5.2 billion by 2027

  • The net profit exceeded the Group's target of AED10 billion.

    Revenues hit AED 40.0 billion, which represents an increase of 114 percent

    The growth was driven primarily by strong contributions from the new acquisitions