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.
  • Riyadh, Saudi Arabia---Saudi Arabia's National Housing Company signed 22 MoUs worth nearly 4 billion riyals ($1.06 billion) on the sidelines...

    The MoUs worth nearly 4 billion riyals ($1.06 billion) were signed on the sidelines of the launch of the materials platform, Mawadat, at the Future of Real Estate Forum.

    The electronic platform facilitates the process of direct linking between real estate developers and contractors with factories and suppliers of building materials.

  • Lebanese protesters blocked roads and burnt tires near the central bank in Beirut as the local currency plummeted to a...

    Lebanese banks have imposed draconian restrictions on withdrawals since the country's economy collapsed three years ago.

    Dozens of protesters gathered Wednesday near the central bank headquarters amid heavy deployment of security forces.

  • DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...

    DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.

    He emphasized on the importance of exchanging global best practices and experiences between the two sides.

  • Abu Dhabi, UAE---The First Abu Dhabi Bank, UAE’s largest bank, has issued a 5.25-year $600 million bond at US Treasury,...

    This marks FAB’s second dollar issuance in a space of 10 days following the $500 million RegS five-year Sukuk issued on 9 January 2023.

    The bond received orders of $1.75 billion, meaning it was oversubscribed three times with 76 percent of the issue placed with high-quality investors outside the MENA region.

  • The profit in year 2022 is 4.4 percent lower than in 2021.

    The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.

    The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.

  • They will collaborate in shipping, logistics and ports services.

    Potential joint investment in new port facilities to support Tosyali's export operations is part of the MoU.

    Tosyalı is one of Türkiye’s largest private steel producers, which has operations in three continents.

  • The International Organization for Migration said in an October report that "prevailing customs and traditions... limit women's activities to their...

    Iraq's private sector is still embryonic, making more tedious and lengthy the steps to set up a company

    Iraq has 13 million employment-aged women yet only around one million are working

  • Microsoft chief executive Satya Nadella last week said he was laying off about five percent of the company’s workforce, just...

    Microsoft said overall sales rose just two percent in the October-to-December period, to $52.7 billion, the slowest rise in six years

    Net profit of the tech giant landed at $16.4 billion for the quarter, down 12 percent year-on-year, according to its earnings release

  • The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the...

    The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the bidding process

    Fenway Sports Group, Liverpool's owners, have also stated that they will "consider new shareholders" as the Anfield club struggles to qualify for the Champions League next season

  • Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...

    Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million

    The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021