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 UAE has reduced arms imports by more than 40 percent over the past decade, taking it from the third...

    By the end of the five-day show on Friday, the Gulf state had signed more than 50 deals worth $6.3 billion.

    They include at least $5.9 billion signed with local firms at the International Defence Exhibition and the Naval Defence and Maritime Security Exhibition.

  • SHARJAH, UAE - Expo Center Sharjah (ECS) wrapped up the eighth edition of Paper One Show on a high note....

    The exhibition managed to cement Sharjah's leading position as one of the key regional events specialized in the paper industry.

    There was an increase of 60 percent in the exhibition over the previous edition in the number of participating companies.

  • Abu Dhabi, UAE--- Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years...

    The total trade between the two countries during 2013-2022 amounted to AED316.2 billion,

    Non-oil trade between the UAE and Kuwait grew 13 percent, worth AED5 billion last year, to reach AED43.5 billion, compared to AED38.5 billion in 2021.

  • ABU DHABI, UAE  -  The Department of Health – Abu Dhabi (DoH), which regulates the healthcare sector in the emirate,...

    The grant, launched in September 2022, received over 70 complete submissions, and the top eight were awarded a monetary prize.

    The winners will have the opportunity to conduct clinical trials and commercialize their ideas.

  • Abu Dhabi, UAE--The commercial operations of the Unit 3 of Barakah Nuclear Energy Plant in the Al Dhafra Region of...

    Total production from Units 1, 2 and 3 of Barakah now produce 4,200MW of clean electricity for the UAE national grid.

    Unit 3 of the Barakah Plant has completed the process from Fuel Load to Commercial Operations more than four months faster than Unit 2 and more than five months faster than Unit 1.

  • ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...

    UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.

    The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.

  • Net profit came in at $457m, compared to 2.9bn euros loss in 2021.

    IAG announced Thursday the acquisition of Air Europa for 500 million euros from the Spanish company Globalia.

    IAG said it recruited 7,400 colleagues last year after axing about 10,000 on Covid fallout.

  • The MoU brings together Bayanat’s expertise in remote sensing capabilities and data analytics, and Yahsat’s proven capabilities spanning satellite space...

    The MoU brings together Bayanat’s expertise in remote sensing capabilities and data analytics, and Yahsat’s proven capabilities spanning satellite space technology

    The strategic partnership was announced at IDEX 2023 and is aimed at establishing and operating strategic earth observation partnership within the UAE

  • Facing a drop in advertising revenues, parent company Meta is piloting a subscription in Australia and New Zealand before it...

    The subscription service of Meta will cost US$11.99 on the web and US$14.99 on the iOS and Android mobile platforms

    From Friday, subscribers Down Under who provide government-issued IDs can start applying for a verified badge

  • The Chinese-owned platform is under growing Western scrutiny, and Canada's move came just hours after the European Commission banned the...

    Canada's Office of the Privacy Commissioner said it had launched a joint probe into TikTok alongside provincial privacy regulators from Quebec, British Columbia and Alberta

    The massively popular video-sharing platform has come under increasing scrutiny from the West over concerns that Beijing could access user data from around the world