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.
  • Boeing's difficulties with the 787 have come as the company tried to reset its relationship with the FAA following the...

    Boeing said it "discovered an analysis error" by its supplier related to the 787 forward pressure bulkhead during a review

    Air India unveiled a record series of orders earlier this month from Airbus and Boeing, including for 20 Dreamliner planes, with options for 20 more

  • Abu Dhabi, UAE—A total of 10 deals worth AED2.7 billion ($735 million) were signed on the fourth day of the...

    Today’s deals bring the cumulative value of the deals signed by Tawazun Council at the exhibition so far to AED 21.14 billion for 44 deals.

    The biggest local contract, worth AED902 million, was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system.

  • The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have...

    TikTok, whose parent company ByteDance is Chinese, has faced increasing Western scrutiny in recent months.

    Last month, the Dutch government reportedly advised public officials to steer clear of the app over similar concerns.

  • In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean...

    The plant will help generate 0.5 billion kilowatts per hour (KW/hour) of electricity annually, sufficient to meet the needs of over 110,000 homes.

    In June 2022, Masdar announced the signing of several agreements with Azerbaijan to develop clean and renewable energy projects with 4,000MW capacity.

  • Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business...

    Fresh food sales are anticipated to grow at a CAGR of 4.9 per cent between 2022 and 2027.

    Retail sales of supermarkets in the UAE are set to rise at a current value CAGR of 4 percent.

  • Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake...

    A prominent business group has estimated there was some $84 bn in quake damage, but estimates from other experts are more conservative, putting the total closer to $10 bn.

    When the quake hit, Turkey's official annual inflation rate had slowed to 58 percent from a two-decade high of 85 percent last year.

  • A report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI), said although global investment in renewable...

    The report emphasizes how lending to developing countries looking to deploy renewables must be r highlights the need for public financing to play a much stronger role.

    Achieving an energy transition in line with the 1.5°C Scenario also requires the redirection of $0.7 trillion per year from fossil fuels to energy-transition related technologies.

  • Turnover however soared by more than a fifth to £13.5 bn.

    Rolls posted a net loss of almost £1.3 billion ($1.5 billion), after a profit after tax of £120 million the previous year.

    Rolls added that it would announce the outcome of a strategic review in the second half.

  • Abu Dhabi, UAE-- The non-oil trade between the UAE and Azerbaijan has risen threefold during the past five years, said...

    He added that the trade between the two countries in 2022 was distributed between AED32.6 million in imports, AED351.9 million in exports, and AED3.5 billion in re-exports.

    The main import commodities were gold, jewellery and their manufactures, plants, tobacco products, copper wires, copper products, shell fruits and others.

  • This was company's first financial result since dual listing.

    Americana Restaurants Board announced H2 2022 dividends at $103.5 million or the equivalent of $0.0123 per share.

    The company achieved a revenue of $2.38 billion, a 15.9 percent year-on-year increase.