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.
  • Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a...

    Holoride, a start-up backed by automaker Audi, is already selling a virtual reality headset intended solely for rear-seat passengers

    The metaverse can play a role in designing new products or more easily testing them in differing environments

  • Cristiano Ronaldo may make his Saudi Arabian debut on January 22 after the Portuguese star was successfully registered by new...

    Ronaldo will now be available for the January 22 home game against Ettifaq after completing a two-match ban issued in November for smashing a fan's mobile phone

    He joined Al Nassr in a deal believed to be worth around 200 million euros that has shone an unprecedented light on the Saudi Pro League

  • DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during...

    A total of 2,173 real estate transactions were conducted during the week ending January 6, 2023.

    A total of 270 plots were sold for US$612 million, 1,903 apartments and villas were sold for US$1.33 billion.

  • A reshuffle of Ant's shareholding structure will now see Ma cede control of the fintech giant he founded in 2014....

    The most recognisable face in Asian business, Ma has seen his fortune fall by around half to an estimated $25 billion

    Chinese regulators torched the planned listing of Ma's Ant Group in Hong Kong and Shanghai, and the following year hit Alibaba with a record $2.75 billion fine

  • Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according...

    The AMF said the market value of the Saudi Stock Exchange was $2.63 trillion and that of the Qatar Stock Exchange was $167.09 billion

    The market cap of the Boursa Kuwait was $152.7 billion and that of the Muscat Stock Exchange was $61.6 billion

  • AMMAN, JORDAN -  Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels,...

    The Jordanian Minister said that the Kingdom purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day.

    As per the MoU, the Kingdom provides basin tanks for transporting crude oil from the Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa.

  • Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC...

    Despite declines in oil and financial firms, the Saudi stock index closed Thursday (January 5, 2023) slightly up.

    On Monday (January 2, 2023), the First Abu Dhabi Bank contributed to a 0.6 percent point increase in the Abu Dhabi Securities Exchange index.

  • Doha, Qatar-- Real estate sales worth more than 2.25 billion Qatari Riyals ($612 million) were registered at the emirate's Real...

    The weekly bulletin issued by the Real Estate Registration Department stated that the list of real estate traded for sale included vacant lands, residences.

    Most of the deals were concentrated in the municipalities of Doha, Al Rayyan, Al Wakra, Umm Salal, Al Daayen, Al Khor, and Al Thakhira.

  • Berlin, Germany--Bayern Munich CEO Oliver Kahn said on Friday the side was reviewing whether to renew its sponsorship arrangements with Qatar...

    Bayern have come under criticism for their ties to Doha and the state-owned carrier in relation to alleged human rights issues in Qatar.

    In Qatar, the German national side backtracked on a promise to wear a 'One Love' armband in support of human rights and diversity.

  • Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone....

    The Fed along with central banks worldwide last year kickstarted a string of aggressive rate hikes to battle decades-high inflation.

    Official data showed that annual inflation in the eurozone dropped for a second month in a row, to 9.2 percent in December.