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.
  • China grounded the plane after two deadly accidents involving the model in 2018 and 2019. An Ethiopian Airlines flight crashed...

    The China Southern Airlines flight left the city of Guangzhou in the afternoon headed for Zhengzhou

    A second 737 MAX flight took off from Guangzhou later on, flying to the central city of Wuhan

  • The charges came as US officials crack down on the sector after the uproar caused by the bankruptcy of FTX...

    Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors, said SEC Chair Gary Gensler

    Gemini was founded by Tyler and Cameron Winklevoss who were made famous as jilted investors in the movie, "The Social Network" about the birth of Facebook

  • According to the Apex Bank, Islamic banks' credit climbed by 5.7 percent year-on-year to $108 billion by the end of...

    According to the Apex Bank, the banks' credit climbed by 5.7 percent year-on-year to $108 billion by October 2022

    Deposits in the banks climbed by around 1 percent year-on-year from $115 billion in October 2021

  • Nearly 60 percent of organizations in the region had increased their cybersecurity spending in 2022, Abhay Pandey, Founder and CEO...

    Nearly 60 percent of organizations in the region had increased their cybersecurity spending in 2022, Abhay Pandey, Founder and CEO at MAST Consulting Group, tells TRENDS

    In SaudiArabia, there are 29.3 million YouTube users, 28.4 million use WhatsApp, 20.3 million are on Snapchat, 14.2 million on Twitter and 11.6 million use Messenger

  • BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...

    Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.

    Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.

  • Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed,...

    The Federal Reserve hiked its benchmark lending rate at a pace unheard of since the 1980s, in hopes of cooling the world's biggest economy.

    The consumer price index in December 2022 rose 6.5 percent from a year ago, the smallest increase since October 2021.

  • Paris, France--A Saudi film fund announced Thursday that it is investing in Johnny Depp's new movie, a French period drama...

    The Red Sea Film Foundation said in a statement that it was backing the new film, "Jeanne du Barry", directed by France's Maiwenn, who also stars in the title role.

    The Saudi foundation, formed in 2019, has already funded some 170 African and Arab movies, it said, but this is its first foray into European cinema.

  • Geneva, Switzerland-- Middle Eastern airlines had an 84.6 percent growth in traffic in November compared to the same month in...

    Globally, traffic is now at 75.3 percent of November 2019 levels, according to the report. Total traffic in November 2022 rose 41.3 percent compared to November 2021.

    The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year, media reports said.

  • ABU DHABI, UAE -  The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track...

    The meeting was held to discuss the Global Partnership for Financial Inclusion work plan for 2023.

    G20 members, invited countries, GPFI members, and international organizations such as the World Bank and OECD attended the meeting.

  • They will collaborate on decarbonizing solutions, customer service.

    Maersk will deploy two of its solutions for customers moving their cargo through Jebel Ali Port

    In Jan 2022, DP World entered a strategic partnership with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a non-profit organization.