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.
  • Cairo, Egypt--Egypt has set an initial yield of 11.625 percent for the sale of its three-year, dollar-denominated sukuk on Tuesday...

    The sukuk will be of benchmark size or in the range of $500 million

    Egypt’s finance minister Mohamed Maait said in December that the country was targeting between $1.5 billion and $2.5 billion from its first sovereign sukuk

  • The total number of companies now listed on QSE stands at 50.

    The total number of companies now listed in the main market went up to 50 Qatari public companies

    The bank's shares were listed in the banking sector category through the direct listing mechanism, a common mechanism in all regional markets

  • The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at...

    The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at any point during its journey

    In addition to supporting the digitising of trade, the partnership will further strengthen ties in the two growing markets of the Greater Caspian Region and Africa

  • Abu Dhabi, UAE--UAE-based SMEs in the industrial sector will soon be able to access new financing solutions and enablers following...

    The MoU aims to attract industrial investors to strategic sectors such as defense by providing a package of incentives and benefits

    EDB will provide flexible and competitive financing solutions such as green financing, financing capital expenditure, and financing start-ups and SMEs

  • "The new listings will take place between March and April. Another group of companies will be listed in the venture...

    New companies are about to be listed on Qatar Stock Exchange, including MEEZA and another start-up operating in the oil and gas services sector, says top official

    The new listings will take place between March and April, adds Acting CEO of the QSE Abdulaziz Nasser Al Emadi on the sidelines of the listing of Dukhan Bank

  • RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Gulfood exhibition to showcase its...

    With an aim to promote the F&B industry, RAKEZ regularly participates in the annual Gulfood exhibitions.

    RAKEZ supports investors to gain a foothold in the local, regional and global markets through its business ecosystem.

  • The UAE has maintained a neutral stance towards Russia's war in Ukraine, which is nearing its one-year anniversary. The Gulf...

    The airport "welcomed a total of 66,069,981 passengers during 2022", representing year-on-year growth of 127 percent.

    In 2021, around 29.1 million passengers passed through Dubai, and the authorities had expected 57 million visitors for the year 2022.

  • Abu Dhabi, UAE – Lockheed Martin has partnered with four companies operating in Gulf Cooperation Council (GCC) countries to provide...

    The four companies are AL TAIF (part of EDGE Group), Mohamed Abdulrahman Al Bahar (Al Bahar), ArabCal, and TLD MEAI (part of Alvest Group), WAM reported.

    These partnerships aim to improve sustainment operations in the region by reducing turnaround times and costs for the US military and its allies operating in the Gulf.

  • Dubai, UAE--Dubai Chambers' membership increased by 20 percent in 2022 to 347,600, adding 56,000 new members during the year. In...

    The Chambers said the exports and re-exports of its members grew by 20 percent in 2022, totaling AED272.7 billion.

    Dubai International Chamber opened four new international offices in 2022, growing its international network to 15 offices.

  • Riyadh, Saudi Arabia-- Saudi Arabia's non-oil exports (including re-exports) fell by 24.4 percent to SAR 22.7 billion ($6.05 billion) in...

    Overall merchandise exports increased by 1.1 percent in December 2022, SAR 108.2 billion, compared to SAR 107.0 billion in December 2021.

    This increase was mainly due to oil exports, which rose by SAR 8.5 billion or 11.1 percent in the same period,