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.
  • Revenue rose as countries boost military spending.

    Order intake for the Swedish company totaled US$6.1 billion in 2022, a 45 percent increase from the previous year.

    They soared by 144 percent in the fourth quarter alone to US$2.8 billion year on year.

  • Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...

    The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.

    "Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.

  • Growth in profits driven by investments and rise in operating portfolio.

    The Group said that most of its subsidiaries showed growth in operating profits in 2022.

    It deployed more than AED12 billion in 2022, making investments in high-growth industries such as energy.

  • Abu Dhabi, UAE--- The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed...

    The financing is provided in cooperation with Standard Chartered Bank.

    One relates to the acquisition of an analytical platform, main data center, backup data center and national cloud platform to strengthen the Angolan IT sector.

  • A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the February 1 decision....

    The courtroom loss was seen as a setback for FTC head Lina Kahn, who has been an advocate of imposing tougher scrutiny on Big Tech companies on antitrust matters

    The FTC filed a complaint in federal court in July, arguing that Meta was trying to buy advantage in the VR market with the purchase of Within, maker of fitness app "Supernatural."

  • Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this...

    Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS

    To meet the evolving demands of customers and businesses the telecom industry is continually revising its roadmap to match the evolving network transformation, he adds

  • Since March 2021, bank's stock lost over 75% of value.

    The Zurich-based lender had waved goodbye to more than eight billion Swiss francs during the global financial crisis 15 years ago

    Credit Suisse recorded net asset outflows of 110.5 billion Swiss francs in the fourth quarter of last year alone, mostly in October

  • The fund, which is set up to put the country's oil and gas revenues to work, held some $200 million...

    Between 2014 and 2023, the fund had already divested from six subsidiaries of the Adani conglomerate, mainly for environmental reasons.

    The business empire of Indian billionaire Gautam Adani lost around $120 billion in value after Hindenburg Research accused it of artificially inflating share prices.

  • The firm's revenues rose to US$44.4 billion in 2022.

    Investors welcomed AstraZeneca's earnings update, with its share price rallying five percent to US$13.7 in London.

    The annual net profit was boosted by cancer treatments and the integration of biotech unit Alexion following a takeover.

  • Riyadh, Saudi Arabia--The Saudi Investment Recycling Company (SIRC) has signed a joint memorandum of understanding with the Abu Dhabi Waste...

    They will explore joint options for adopting technology and ideal recycling solutions, activating operational activities in the waste sector.

    Through this and other MoU, SIRC Group seeks to activate the circular economy initiative to achieve the goals and programs of the Kingdom's Vision 2030.