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 funds will be used by Amwal to further develop their technology and expand in the MENA region.

    The funds will be used by Amwal to further develop their technology and expand in the MENA region

    The Saudi Central Bank has also approved a cryptographic biometric checkout solution developed by Amwal

  • Egypt is focused on rebuilding the state and infrastructure. The country has dropped unemployment levels from 18 percent to 7.2...

    Qatar businesses are invited to invest in the Egyptian economy and benefit from the opportunities, says the Egypt’s Prime Minister Dr Mostafa Kamal Madbouly

    Egypt's infrastructure projects have contributed to creating economic dynamism and provided the appropriate framework to stimulate the private sector, he adds

  • Lack of relevant skills, constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain...

    Lack of relevant skills, driving constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain key concerns, says IDC official

    Cybersecurity spending in the region is about US$4.8bn with prominent spenders being the public sector followed by banking and financial services, telecom and oil & gas, he adds

  • PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...

    The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"

    It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment

  • The plant is going to be established in Monterrey.

    "The plant is going to be established in Monterrey," Lopez Obrador told reporters after speaking with Musk.

    He said the US company had promised to address the problem of water scarcity in Monterrey.

  • The company recorded a revenue of $433 million for 2022.

    For the twelve-month period, Yahsat delivered growth in revenue and adjusted EBITDA, which increased 6 percent and 7 percent respectively year-on-year.

    Other highlights include Adjusted EBITDA of AED946 million ($258 million), up 7 percent year-on-year, delivering a margin of 60 percent.

  • US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and...

    Oil prices rebounded, while the pound extended gains won on Brexit deal alterations.

    Eurozone bond yields surged higher, with the yield on the benchmark German 10-year government bond rising to a 12 year high.

  • Dubai, UAE-- Iraq has imported oil derivatives - gasoline, kerosene and gas oil - worth more than $5 billion in...

    Iraq produces 4.58 million barrels per day and aspires to reach production of 6 million barrels by 2025

    The total imported quantities of oil derivatives for 2022 increased by 60.43 percent compared to 2021

  • The firms said margins will continue to be under pressure in H1.

    The net profit of SABIC, which is one of the largest petrochemical companies in the world, after taxes was 16.5 billion riyals ($4.4 billion).

    In a statement, SABIC said that its fourth quarter 2022 net income was 290 million riyals, 84 percent lower compared to Q4 2021.

  • ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED)...

    The CEO program is a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills.

    The program also helps build and grow ag-food tech ventures and contribute to the UAE's Food Security Strategy.