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.

  • Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year...

    For 2022 as a whole, the US economy grew at a slower pace than the previous year, expanding 2.1 percent, the Commerce Department said.

    Investors are also focused on the next move of the US Federal Reserve, which has hiked rates since last year in a bid to tame galloping inflation.

  • Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net...

    Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year.

    Against this backdrop, the world's largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021.

  • DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million...

    The DGCX is the largest and most diversified derivatives exchange in the Middle East.

    DGCX saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world’s fastest-growing economies.

  • The profit was driven by funded and non-funded income.

    The bank also reported a 36 percent increase in operating profit and a 15 percent increase in total assets to AED 75 billion.

    The bank's total income went up 33 percent year-on-year driven by higher funded income and non-funded income.

  • The company's Q4 net profit surged to US$3.4 billion.

    Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)

    The company is engaged in a major competition to install 5G networks around the world

  • The total income was up 10 percent year on year.

    The fourth quarter 2022 net profit was AED2.5 billion, compared to AED2.9 billion in the previous quarter.

    The total income reached AED23.9 billion, up 10 percent yoy, driven by 23 percent growth in net interest income.

  • ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order...

    The UAE aims to offer a legislative framework to enable companies to promote the new economic model, particularly the commercial agencies sector.

    With innovative projects and crucial commercial activities, this sector significantly contributed to the country's development during the past several years.

  • Ras Al Khaimah, UAE-- Ras Al Khaimah Economic Zone (RAKEZ) welcomed over 4,200 new companies to its business community in...

    The economic zone recorded a 206 percent growth in new general trading companies, with 413 licenses issued.

    Companies operating from RAKEZ also witnessed exponential growth in 2022, with 160 companies expanding their operations in various sectors.

  • It posted profit of $2.9bn in the final three months of last year.

    The company said it would take a one-time $300 million charge in its first quarter this year

    It announced late last year that it will invest $20 billion in semiconductors, quantum computing and other cutting-edge technology in New York state

  • The board of directors has proposed a cash dividend of 40%

    The earnings per share (EPS) amounted to QR 0.64 as of December 31, 2022 versus EPS of QR 0.59 in 2021

    The board of directors has proposed a cash dividend of 40% of paid-up share capital after the approval of QCB