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.

  • The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022

    During the meeting, the two sides stressed the importance of concluding the agreement,

    The Moroccan delegation was headed by Director General of Trade at the Moroccan Ministry of Industry and Trade Abdelouahed Rahal.

  • Abu Dhabi, UAE– The General Administration of Abu Dhabi Customs has announced the provision for the possibility of clearing goods...

    This move aims to facilitate customer experience, reduce effort and time, and provide digital customs services in accordance with international best practices.

    The new feature allows non-resident individuals to clear their personal goods by creating a UAE Pass account through their passports.

  • The MoU is aimed at improving services at kingdom's airports.

    Menzies will provide all studies to SAL Saudi Arabia on the transfer of best practices globally to improve the level of passenger services and baggage management.

    It also involves smooth passenger services, from issuing a boarding pass to take-off.

  • The company reported a big drop in profits in 2022.

    H&M was also set back by a historically strong dollar and increases in the costs of freight and raw materials

    The group posted a 68 percent drop in net profit in 2022 to almost 3.6 billion Swedish kronor ($346 million)

  • LVMH is headed by French billionaire Bernard Arnault.

    LVMH sales have soared 23 percent to 79 billion euros ($86 billion) and net profit jumped 17 percent to 14 billion euros for 2022

    The LVMH is Europe's most valuable company, with a market capitalization that soared to 400 billion euros ($430 billion) last week

  • Rome, Italy-- The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency (SACE) which...

    The MoU was signed by EXIM Bank CEO Eng. Saad bin Abdul Aziz Alkhalb and Italian Credit Export Agency CEO Alessandra Ricci at her agency’s headquarters in Rome.

    The MoU is expected to boost cooperation in the areas of professional development, transfer of knowledge of best practices in export credit,

  • Emirates NBD's profits climbed by 40% to $3.53 billion.

    The highest share of the overall profits was claimed by the country's main lender, First Abu Dhabi Bank which generated net profits of roughly $3.64 billion

    Dubai Islamic Bank's net earnings increased by a record 26 percent Year-on-Year to $1.4 billion from $1.1 billion in 2021

  • Equity will help DIC enter one of the most regulated markets

    Monument Bank targets UK’s 'mass affluent' and aims to provide core banking and other related services to clients.

    Monument Bank’s CEO Ian Rand said that the partnership will help to enhance its UK business and launch innovative solutions

  • The rise was driven by strong regional economic growth.

    The bank's Q4 profit was particularly strong, at AED 3.9 billion, up 94 percent year-on-year.

    The bank also proposed a 20 percent increase in the cash dividend to 60 fils per share.

  • Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against...

    Hindenburg's report accused Adani Group of engaging in a "brazen stock manipulation and accounting fraud scheme over the course of decades".

    Shares in flagship Adani Enterprises fell as much as three percent on Wednesday, before recovering to trade 1.07 percent lower at the close in Mumbai.