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 pipeline project has run into strong opposition from rights and environmental campaigners who say the oil fields being developed...

    About 30 young campaigners demonstrated in front of the French offices of Japan's Sumitomo Mitsui Banking Corporation and Britain's Standard Chartered

    They demanded the banks pull back from the East Africa Crude Oil Pipeline being jointly developed by TotalEnergies and the China National Offshore Oil Corporation

  • Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the...

    Property prices in the prime locations of Dubai have jumped by 44 percent in 2022 compared with the year before, said real estate consultancy Knight Frank

    Russians, fleeing the impact of sanctions after their country's invasion of Ukraine. were the biggest foreign buyers on Dubai's property market last year

  • Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years.

    Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years

    Launched in November 2019, EDGE converges R&D, emerging technologies and commercial market innovations with military capabilities

  • Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the...

    Property markets benefit as an increased demand for tourists and the rise in government spending on infrastructure projects drive the post-pandemic recovery in the region

    Changing client preferences in the hospitality, housing, and retail sectors have forced developers to reinvent the hotels, dwellings, and entertainment components of their projects

  • The SDF is the investment arm of UAE’s Tawazun Council.

    Mayman Aerospace (JetPack Aviation Corp), the US-based manufacturer of the innovative dual-use Speeder Air Utility Vehicle (AUV).

    Speeder is on display at the SDF stand at the Tawazun Council’s Chalet at the International Defense Exhibition and Conference, IDEX.

  • Abu Dhabi, UAE – The non-oil trade between the UAE and Saudi Arabia in 2022 increased by 9 percent, reaching...

    Over the period of 2013-2022, non-oil trade between the two countries increased by 70 percent.

    Raw gold topped the list of the top five commodities exported from the UAE to Saudi Arabia in 2022, valued at AED8.7 billion.

  • The company employs about 4,000 workers in the UK.

    The announcement comes as British Steel, owned by Chinese group Jingye since 2020, seeks financial support from the UK government.

    British Steel said it plans to shut coke ovens at its Scunthorpe plant, northern England, which would help the group to also "build a green and sustainable future".

  • Abu Dhabi, UAE-- Abu Dhabi Fund for Development (ADFD) has allocated AED165 million ($45 million) to the Nigerian government to...

    The Fund said the 82-kilometer road linking Minna, the capital of the state of Niger, with the city of Bida, will reduce travel time by 50 percent.

    The road is expected to stimulate commercial activities and improve transport links between the main cities in the country.

  • Citing people familiar with the matter, Bloomberg said China’s Ministry of Finance is among government entities that gave the so-called...

    While offshore subsidiaries can still use US auditors, the parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up, the report said.

    The decision comes even after Beijing reached a landmark deal to allow US audit inspections on hundreds of Chinese firms listed in New York.

  • The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala...

    The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala and Basra

    The Gilabat-Qumar and Khashim Ahmer-Injana fields will be developed in Diyala Province and the Khider Al-Mai block in Basra province