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-- The 2023 edition of Dubai Marathon will be held at Expo City Dubai on 12th February, 2023, according...

    The committee organizing the event said the city was chosen as the venue of the marathon because it represents Dubai’s vision of serving as a bridge between cultures

    It will bring together elite athletes from around the world after a break of two years due to the pandemic

  • Pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, and many more goods will be...

    Pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings will be manufactured locally

    Proclad, Tri Star Middle East, and Petro Globe Oil & Gas Equipment are among the firms that have obtained contracts

  • Al-Hasa, Saudi Arabia--Cristiano Ronaldo got off the mark for his new Saudi paymasters Al Nassr on Friday with a stoppage-time penalty that...

    Ronaldo buried the spot-kick in the 93rd minute for a point that left the Riyadh club joint top of the Saudi Pro League with a game in hand over Al Shabab

    The large sum includes 200 million euros for promoting Saudi Arabia's expected joint bid to host the 2030 World Cup

  • Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making...

    Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making it the region's fastest-growing tourism market

    More hotels are being built at full speed, and extensive infrastructure works and upgrades are being carried out in the central business hubs of Riyadh, Jeddah, and other cities

  • ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan received French...

    The UAE and French ministers discussed bilateral relations and available opportunities for expanding cooperation between the two countries.

    The two sides stressed their keenness to continue consultations and coordination on issues of mutual concern.

  • Dubai, UAE---A total of 2,157 real estate transactions worth over AED 9 billion ($2.44 billion) were conducted during the week...

    The DLD report revealed that 237 plots were sold for AED 1.56 billion, with an additional 1,920 apartment and villa sales recorded totaling AED 5.77 billion.

    The value of mortgaged properties for the week reached AED 1.68 billion, with the highest being a land in Al Barsha South Fourth, mortgaged for AED 324 million.

  • US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data...

    The figure, which could prove concerning to policymakers, defied expectations of a further decline in job gains.

    The Federal Reserve has also been monitoring wage growth on concerns that elevated salaries could feed into services inflation.

  • The Q4 2022 profit was down 78% compared to Q4 2021.

    Alba achieved revenue of $1.22 billion in Q4 2022 versus $1.39 billion for the same period in 2021, a drop of 12 percent.

    The revenue for 2022 stood at $4.89 billion, up by 16 percent compared to $4.21 billion for 2021.

  • Dupixent drug has been a huge success for the firm.

    Sanofi is aiming for US$10.9 billion in sales of Dupixent this year.

    The company's net profit rose by eight percent in 2022.

  • They will upgrade an FPSO vessel for the Rosebank field in the UK.

    The JV signed its first contract with Altera Infrastructure, a global energy infrastructure services group, to upgrade, refurbish and electrify the FPSO, the Petrojarl Knarr.

    The vessel will be redeployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking.