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 proposed factory will be spread over 300 acres.

    "Apple phones to be built in the state soon," Karnataka state chief minister Basavaraj S Bommai tweeted on Friday

    "Apart from creating about 100,000 jobs, it will create a whole lot of opportunities for Karnataka," he added

  • Firm booked profit despite supply chain disruptions.

    German automaker Volkswagen on Friday said it booked a higher profit in 2022 despite supply chain disruptions and increased costs.

    The group expects vehicle deliveries to rise to around 9.5 million this year, from 8.3 million in 2022.

  • DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a...

    The device employs real-time kinematic processing techniques to process data collected on-site.

    It works with a smart device developed by the R&D Center, which uses a smart app to read the updated coordinates in seconds.

  • The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted.

    The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted

    ADNOC Drilling owns one of the world’s largest drilling and well completion fleets

  • The airline reported $839m in profit in 2022.

    The group reported an adjusted operating profit of 1.5 billion euros, in line with expectations.

    The company suffered a net loss of 2.2 billion euros in 2021 and 6.7 billion euros in 2020

  • The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a...

    The offer was expanded from 4.0 percent to 5.0 percent this week in reaction to demand.

    ADNOC Gas, hived off from the Abu Dhabi National Oil Company (ADNOC) at the start of this year, is expected to start trading on the UAE capital's stock exchange on Mar 13.

  • The emirate’s Department of Municipalities and Transport (DMT) said a total of 19,033 transactions were recorded during the year---9,010 sales...

    Yas Island topped the list with transactions worth AED4.2 billion, followed by Al Reem Island (AED3.4 billion) and Saadiyat Island (AED3.1 billion).

    These zones will be open to foreign investors, providing them with an extended range of investment opportunities.

  • The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa...

    The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region

    It will create appropriate projects and opportunities for investment and establish new economic partnerships, Secretary-General of UAEIIC Al Jarwan said

  • Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...

    Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert

    The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk

  • Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by...

    A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE.

    Another reason for the survey was to find about the changes in people’s lives post pandemic which includes the changes in their financial lives.