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 US auto giant will cut 3,200 jobs in the European country.

    Spokesman of IG Metall union told that the cuts will be mainly in Cologne, where Ford has a major plant, but all sites across Germany are threatened

    Ford's German workers can continue to develop successful electric models for Europe if given the chance, the union said

  • The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of...

    The fraud trial of Musk revolves around a pair of tweets in which Musk said "funding secured" for a project to buy out the Tesla private

    Musk attorney Alex Spiro said that even though the tweets may have been a "reckless choice of words", they were "not fraud, not even close."

  • Manama, Bahrain--This week’s $186 million issue of government treasury bills has been oversubscribed by 208%. The bills, carrying a maturity...

    The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the government of Bahrain

    The weighted average rate of interest is 5.84% compared to 5.88% of the previous issue on January 18

  • Dubai, UAE-- Oil prices fell in early trade on Monday, but held on to most of last week's gains on...
  • Algiers, Algeria--Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter Algeria, the latest European...

    Italy has increasingly looked to Algeria, historically its second-biggest supplier via a pipeline through Tunisia and under the Mediterranean Sea, to help reduce that dependence

    Meloni said that Italy is "inevitably the gateway for access for this energy and for Europe's supply"

  • Agile brands, especially luxury ones with sizeable marketing budgets, have readily tapped into the metaverse, creating exclusive NFTs and new...

    Agile brands, especially luxury ones with sizeable marketing budgets, have readily tapped into the metaverse, creating exclusive NFTs and new revenue streams, says an expert

    To thrive in the next development cycle, brands need to be prepared for and resilient in the face of adversity, and the pandemic has provided both, adds Atul Hegde, Founder of YAAP

  • Microsoft has extended its partnership with OpenAI.

    The tech giant announced a "multiyear, multibillion dollar investment to accelerate AI breakthroughs"

    OpenAI's ChatGPT became an internet sensation when it was released without warning in November

  • The company posted a 115 percent increase in revenue.

    Bayanat's total assets increased to AED1.508 billion during the year ended 2022 compared to AED474 million in the previous year.

    Last week Bayanat became the first ADX-listed technology share to be certified as Shari'a compliant.

  • Iraq's prime minister said the country's central bank governor had been relieved of his duties as the local currency continues...

    Analysts and officials say the drop in value coincides with efforts to make Iraq's banking system compliant with the international electronic transfer system.

    Banks in the oil-rich country have an estimated US$100 billion in funds held at the US Federal Reserve.

  • The Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail, who inaugurated the second edition of the...

    The agreements were signed in real estate development and building technologies, and the establishment of four investment funds.

    Participants from more than 30 countries and 100 speakers representing the public and private sectors will attend the forum.