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.
  • Earlier it was a leader in the UK domestic flights sector.

    "We are sad to announce that Flybe has been placed into administration," the airline tweeted.

    The UK Civil Aviation Authority advised passengers booked with Flybe not to go to the airport.

  • DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...

    This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings

    Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions

  • BAGHDAD, IRAQ -  First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...

    Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.

    The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.

  • Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media...

    Libya and Italy are key trade partners, particularly in energy, where Italian giant Eni plays a major role in tapping into Africa's largest known oil reserves.

    Meloni was accompanied by Eni chief Claudio Descalzi, who is expected to sign a deal with Libya's National Oil Company.

  • DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...

    DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.

    Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.

  • Riyadh, Saudi Arabia--The Saudi Ministry of Investment has signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo...

    The two agreements are aimed at enhancing joint cooperation with the biotechnology and medicine sector in the Kingdom

    The Ministry of Investment is a strategic partner to Riyadh Global Medical Biotechnology Summit 2023

  • Shored up by healthcare, financial services, banking sector, and raw material companies, the Saudi equities posted gains throughout the weeks.

    Saudi Arabia's TASI continued its outstanding performance during the week, as it rose during the five trading days and ended its week on Thursday higher

    Losses in the industrial and real estate sectors weighed on the main index in Dubai

  • Continuing with this week's losses to $45 billion after a US investment firm claimed it had committed "brazen" corporate fraud,...

    Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly

    Adani -- who now has an estimated fortune of $96.6 billion -- is considered a close supporter of Prime Minister Narendra Modi

  • Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...

    Ahmed Abu Al Gheit, Secretary General of the League of Arab States; and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade were present during the signing.

    Members of the Executive Office of the Specialised Arab Federations Forum (SAFF) were also present during the meeting.

  • Baghdad, Iraq - Iraq's Minister of Electricity, Ziyad Ali Fadel said the national grid has lost 7,500 megawatts in the...

    Minister of Electricity Ziyad Ali Fadel said the MoU signed with Siemens will lead to the establishment of a station with a capacity of 400MW in Karbala.

    He said the supply will improve by 30 percent in 12 days as gas supplies return to nomral.