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.
  • Dubai, UAE-- Dubai real estate market recorded transactions worth AED1.4 billion ($381 million) on Monday, data released by Dubai's Land...

    The deals included 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million.

    The sales included 441 villas and apartments worth AED898.41 million, and 49 land plots worth AED269.56 million.

  • If the deal is sealed, it would be gold sector's largest acquisition.

    Newmont's offer calls for the merged firm to be 70 percent owned by the Denver, Colorado-based company and 30 percent owned by the Australian firm.

    Newcrest's share price rose 9.27 percent to $16.90 (A$24.53) on the ASX on Monday.

  • The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by...

    Trading in Adani Total Gas and in Adani Power was again suspended after the stocks fell five percent

    Shares in flagship Adani Enterprises were down 2.0 percent, having been off almost 10 percent in volatile early trade

  • The profit increased by 62 percent compared to 2021.

    The company's revenue grew by 103 percent from AED 2.94 billion in 2021 to AED 5.98 billion in 2022.

    In a bourse disclosure, the company said the rise in revenue and net profit was driven by volume growth and entry into new markets and categories.

  • The two will run wellness centres in Saudi Arabia.

    The two will operate a network of more than 60 physiotherapy, rehabilitation and wellness centres in Leejam clubs across the kingdom

    The joint venture is supported by the Saudi ministry of sport, as it continues to promote initiatives aimed at improving and developing the sports environment in the kingdom

  • The carmakers said that they "rebalanced" their relationship.

    The agreement includes Nissan taking a stake of up to 15 percent in Renault's new electric vehicle venture Ampere

    The Renault board approved the deal on Sunday while Nissan signed off on it on Monday, a week after the agreement was announced

  • The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed...

    The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed Bin Sulayem

    Jebel Ali’s high-margin origin and destination cargo grew by 8.6 percent, with overall volume growth steady at 1.7 percent for the year, the top executive said

  • The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order...

    Corporate groups are enticing chief executives from corporations in the West with an array of choices, including large joining bonuses and buying out extended notice periods

    Recruiters hiring for Saudi Arabia have a harder time though to convince professionals to relocate to the kingdom than do headhunters recruiting for the UAE

  • DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from...

    The three-day Innovation Talks series will include keynote sessions and knowledge seminars.

    The series emphasizes the importance of innovation, especially in providing services and increasing the effectiveness of procedures.

  • Riyadh, Saudi Arabia---Saudi Arabia's Ministry of Industry and Mineral Resources said Sunday that the number of mining complexes in the...

    The Makkah region had the highest number (76) complexes, followed by the Riyadh region with 60 complexes.

    More than 20 different minerals, including gravel, gold, iron, copper, granite and marble, are found in these complexes.