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.
  • Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech...

    Google's parent company Alphabet employed nearly 187,000 workers worldwide at the end of September 2022.

    Alphabet CEO Sundar Pichai said American employees have already been notified about the cuts.

  • ABU DHABI, UAE - ADNOC Distribution on Friday announced plans to reduce its carbon intensity by 25 percent by 2030....

    This reduction in carbon intensity will be implemented by putting sustainability at the core of its day-to-day operations to future-proof its business.

    The company said it will install solar panels to power service stations and use biofuels in its fleet of vehicles.

  • TAQA took up the operation and maintenance of the plant.

    As part of a transaction valued at US$65 million (approx. AED239 million), TAQA has completed its acquisition from BTU Power Company.

    TAQA acquired an additional 10 percent ownership stake in the owner of the Taweelah B IWPP – Taweelah Asia Power Company.

  • The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development.

    The MoU aims to enhance cooperation and exchange of information and expertise between the DoE and NYUAD in capability development

    It calls for scientific, technical, technological, legislative, and administrative cooperation in energy and water efficiency, sustainability, and conservation

  • Netflix became a publicly traded company in early 2002 at an opening price of $15 a share. Shares in the...

    The changing of the guard was announced as Netflix posted added subscribers that blew past even the most optimistic expectations

    The streaming giant said it enticed 7.7 million new members in three months, bringing Netflix membership around the world to 230 million people

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

    The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.

    The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.

  • San Francisco, USA - A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen...

    Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle-powered charging stations.

    Musk in December said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO.

  • Netanyahu, who returned to office last month with the formation of a new government, was at the helm in 2020...

    In their talks, Netanyahu and Sullivan discussed "measures to deepen the Abraham Accords and expand the cycle of peace, with an emphasis on a breakthrough with Saudi.

    Before speaking with Netanyahu on Thursday, Sullivan had met with head of Israel's Mossad spy agency David Barnea and Israeli national security advisor Tzachi Hanegbi.

  • They will build UAE’s first world-scale methanol production facility.

    The facility has an anticipated annual capacity of up to 1.8 million tons.

    The facility has an anticipated annual capacity of up to 1.8 million tons. Methanol has a variety of uses including in fuels, solvents, pharmaceuticals and construction materials.

  • ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ)...

    MoIAT and RAKEZ will cooperate in programs and initiatives under the National Strategy for Industry and Advanced Technology, Operation 300bn,

    The two entities will encourage industrial companies to join the UAE Industry 4.0 program and undergo a readiness assessment.