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 Taiwanese company predicts slowing sales for 2023.

    TSMC operates the world's largest silicon wafer factories and produces some of the most advanced microchips.

    It is regarded as a global economic bellwether because so many of its chips are in such a wide array of devices.

  • Riyadh, Saudi Arabia---Saudi Arabia and Bulgaria have discussed ways to boost bilateral cooperation and develop the economic sectors between the...

    The two sides discussed ways to boost bilateral cooperation and develop the economic sectors between the two countries at a ministerial meeting.

    Saudi imports from Bulgaria were $269.43 million during 2021, according to the UN COMTRADE database on international trade.

  • The market for the greener vehicles is expected to grow rapidly in response to consumers' worries about climate change, putting...

    Traditional vehicle insurance models are no longer enough to accurately capture the overall risk, a study by Swiss Re said

    Electric cars are quieter than internal-combustion vehicles, presenting a risk for pedestrians who don't hear them coming in noisy urban settings

  • FTX, once the world's highest profile crypto exchange, collapsed spectacularly in November leaving nine million customers in the lurch and...

    FTX lawyer Andrew Dietderich said that the company was "well underway" on plans to sell other investments that had a book value of $4.6 billion

    FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion

  • Abu Dahbi, UAE--Etihad Airways on Wednesday said its US operations and flights are not affected by the system outage at the...

    The airline said it was monitoring the situation and would inform customers if there is a change in its operations

    U.S. flights were slowly resuming departures and a ground stop was lifted after the Federal Aviation Administration (FAA) scrambled to fix a system outage overnight

  • The partnership will strengthen workforce in the UAE.

    The two companies will collaborate to create overseas employment opportunities by recruiting, training and developing skilled professionals in the Indian subcontinent

    Professionals who meet the standards of the UAE’s job market will be identified from this pool for suitable employment opportunities in the UAE

  • The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their...

    The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their LNG supplies in both near and distant future.

    In November-2022, Qatar and China signed one of the largest ever LNG deals inking a USD 60 Bn LNG supply deal for 27 years.

  • It aims to enhance global cooperation and design joint solutions to today’s geopolitical, social, economic, and human development challenges. Saudi’s...

    Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom will head the Saudi delegation.

    During their participation at WEF23, the delegation will outline progress achieved under Saudi Vision 2030.

  • Dubai, UAE-- Emirates NBD has announced the successful pricing of its inaugural AED1 billion ($272 million) dirham-denominated bond, the first...

    The three-year bond saw strong demand, with the order book peaking at over AED1.65 billion.

    The issuance is the bank's first dirham-denominated bond since the Ministry of Finance created a medium-term yield curve.

  • Paris, France--French luxury group LVMH announced a leadership shuffle on Wednesday, naming new chief executives at major brands Christian Dior Couture...

    LVMH said in a statement that Delphine Arnault will become CEO of Dior perfume and fashion house

    Bernard Arnault said in a statement that his daughter's appointment is the "continuation of a career of excellence in fashion and leather goods"