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.
  • ABU DHABI,  UAE  - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU)...

    Masdar City and ADGM will work together to attract new investors to their free zones and benefit from each other’s capabilities.

    The two entities will exchange best practices and promote institutional integration.

  • Riyadh, Saudi Arabia--Saudi Arabia's Capital Market Authority's has approved the Implementing Regulations of the New Companies Law for listed joint...

    The approval is based on the authority the Law granted to the CMA to regulate the matters and subjects stipulated in the law related to joint stock companies.

    It also included stipulating the provisions that aim to raise the level of governance of the board of listed joint stock companies.

  • The firm's profit jumped to $294 million at the end of last year.

    The company said in a statement that the earnings per share amounted to QR 1.08 as of Dec. 31, 2022 versus EPS of QR 0.98 for the same period in 2021

    Woqod CEO and Managing Director Saad Rashid Al Muhannadi attributed the increase in net profit and earnings per share to the increase in the volume of sales

  • Davos-Klosters, Switzerland-- Satya Nadella, Microsoft Chairman and CEO, believes that a golden age of AI is underway and will redefine...

    Nadella said that the future of work is not just about technology and tools but about new management practices

    The cutting-edge chatbot ChatGPT is capturing the world’s imagination and the new artificial intelligence site amassed 1 million users in just five days after its recent launch

  • An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured a...

    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 for the social media giant

    Musk said his strategy is to massively reduce costs while building up revenue, and that a new $8 subscription service called Twitter Blue would help with that goal

  • The sector gains meteoric traction, largely due to structural shift in consumer interests and partly because of the pandemic-induced accelerated...

    E-commerce gains meteoric traction, largely due to structural shift in consumer interests and partly because of the pandemic-induced accelerated digitalization, says an expert

    The retail industry in the UAE is projected to develop at a compound annual rate of 5.1 percent from 2022 to 2026, reaching US$ 113.8bn, says an Alpen Capital report

  • The tech giant will lay off some 10,000 employees in the coming months as the economic downturn continues to punish...

    The layoffs were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a US regulatory filing

    It already made two rounds of layoffs, one in July, which affected less than one percent of the workforce, and a second one in October that targeted less than one thousand

  • Khaled Abdulla-Janahi , an international Arab thought leader, feels strongly about changing the traditional perception encompassing the concept of leadership.

    Khaled Abdulla-Janahi , an international Arab thought leader, feels strongly about changing the traditional perception encompassing the concept of leadership

    Before the book was done, Khalid said, he worked and collaborated closely with a few people to look into leadership attributes.

  • Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...

    The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.

    Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.

  • The project, which is expected to begin injecting CO2 in the second quarter of this year, will initially fully sequester...

    The CO2 injection well project builds on ADNOC's experience with its carbon capture facility at Al Reyadah, which has the capacity to capture up to 800,000 tons of CO2 per year.

    The project will also be monitored and assessed, using advanced technology at ADNOC's Thamama Digital Centre of Excellence, ADNOC said.