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 recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has...

    The announcement comes as the social network has faced major economic uncertainty since its takeover by Musk in October

    Musk-led Twitter has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of Tesla boss

  • Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the...

    The two parties agreed to develop renewable projects through insurance support to the Islamic Corporation for the insurance of investment and export credit in the member states.

    It includes support for the transition to clean energy through electricity generation from renewable sources that do not emit emissions and the transition to green economy.

  • BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...

    A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports

    He added that in the future, there may be air agreements with Kuwait as well.

  • DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic...

    The meeting touched on economic and commercial relations between Qatar and Cuba.

    The Qaraei delegation also discussed the business opportunities offered by the Cuban side in the sector of water resources.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first...

    DEWA's Internal Audit Department is an independent assurance function that adopts the best-in-class standards and practices.

    The Internal Audit department at DEWA operates under an approved charter.

  • Abu Dhabi, UAE--Masdar has signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined...

    The agreements were signed under the umbrella of the Etihad 7 initiative to invest in the development of Africa’s renewable energy sector

    Etihad 7 was launched at ADSW 2022 by Sheikh Shakhboot bin Nahyan bin Mubarak Al Nahyan, Minister of State, with the aim of achieving 20 GW capacity to supply 100 million people

  • San Francisco, United States--Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in...

    Elon Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018 with untrue tweets

    Testimonies in the trial opened Wednesday with a lawyer for the upset investors telling jurors Musk lied about having funding in place

  • Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar...

    Overall, the two Gulf countries will continue to be major beneficiaries of the inflow of funds this year, says Nazar Musa, CEO of PRO Partner Group.

    The FDI into Saudi Arabia and the UAE, according to a report, hit record highs with $40 billion in 2022, showing a rise of 58 percent over the previous year.

  • Profit is 15 percent lower than in the same period last year

    Revenue from operations at India's largest company by market capitalisation rose 15 percent year on year, to US$27 billion

    Reliance's board also approved a plan to issue bonds to raise up to US$2.4 billion (200 billion rupees) to fuel further expansion across its diversified businesses.

  • They will develop Abu Dhabi’s Web3 Blockchain Gaming ecosystem.

    AA Meta provides metaverse infrastructure and Web3 technology solutions that enable next-generation gaming.

    Alongside using this technology for its own projects, AA Meta provides its offering to other gaming businesses as well.