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.
  • Riyadh, Saudi Arabia---Saudi Arabia's Transport General Authority has signed the largest project for transporting passengers by buses through a network...

    The network, which involved major global alliances, will cover more than 200 cities and governorates.

    The network is expected to serve more than 6 million passengers annually through 76 routes, with a new fleet of buses equipped with the latest technologies.

  • DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the...

    DEWA CEO highlighted organization’s key initiatives and projects to promote sustainability, renewable and clean energy, and energy efficiency.

    These include DEWA’s space program (Space D) which supports the National Space Strategy 2030.

  • ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated...

    ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain

    The company’s twelve-month adjusted revenues to October 2022 totaled $24.9 billion, with the company delivering adjusted EBITDA of $8.7 billion and net income of $4.8 billion

  • The group sold over two million cars in 2022

    Net profit jumped by 34 percent to 14.8 billion euros ($15.7 billion) last year, the Stuttgart-based group said, while revenues were up 12 percent year-on-year to 150 billion euros

    The group sold more than two million cars in 2022, a five-percent increase on the year before, driven by strong demand for the S-Class model and the all-electric EQS

  • Dubai, UAE-- Dubai real estate market has recorded deals worth AED2 billion ($544 million) on Thursday, according to Dubai Land...

    The deals included 475 sales transactions worth AED1.38 billion.

    The sales included 412 villas and apartments worth AED1.06 billion.

  • Firm's profit rose due to gas and crude oil prices spike.

    Britain's government of Prime Minister Rishi Sunak is temporarily subsidizing electricity and gas bills this winter.

    Centrica expanded its stock buyback scheme to hand another $360 million to shareholders.

  • Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd...

    The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays.

    Etihad Airways will be offering travelers nearly 160 weekly flights to 21 destinations in Europe this summer.

  • Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) and Saudi shipping giant Bahri have jointly announced the addition of...

    The service will increase Bahri’s shipping network coverage and bolster international supply chains.

    Vessels on the new service will set sail from the ports of Bremerhaven, Antwerp, and Montoir, in Europe, before calling at Jeddah.

  • Dubai, UAE--- Dubai Multi Commodities Centre has reported a 17 percent year-on-year increase in the value of diamond trade in...

    The UAE has witnessed soaring growth over the past three years, with rough diamond trade rising by a total value of 72 percent and polished by 50 percent, DMCC said.

    DMCC reported a 42 percent rise in the polished category and a 7 percent rise in rough.

  • DUBAI, UAE -  Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a...

    Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.

    The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.