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.
  • Ducab's supplying medium voltage and earthing cable.

    Ducab Group is one of the UAE’s largest industrial manufacturing businesses.

    The move reinforces the strong industrial partnership between the UAE and Egypt.

  • The airline launched 16 new destinations and 30 new routes.

    It reported an increase of 91 percent in its passengers to 8.7 million.

    The firm's flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.

  • Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly...

    The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out of the US per week.

    The flights will be operated with both Airbus A350 and Boeing 787-9 Dreamliner aircraft with significantly less fuel consumption.

  • SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions...

    The discussion covered a range of general government issues that would strengthen various sectors in Sharjah and their legal frameworks.

    Issues that advance public services and which would increase the competitiveness of the Emirate of Sharjah were also discussed in the meeting.

  • Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by...

    The 2029 Asian Winter Games will be held at NEOM, an under-construction $500 billion megacity that is planning a year-round winter sports complex.

    Saudi money has created a schism in the golf world with the heavily funded LIV Tour, which has lured some top players.

  • SHARJAH,  UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the...

    The event is being organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry.

    Two hundred exhibitors have confirmed their participation representing elite local and international players in the metalworks industry.

  • Dubai, UAE--Dubai recorded real estate deals worth AED2.3 billion ($518 million) on Monday, according to Dubai Land Department figures. The...

    The deals included 457 sales transactions worth AED2.02 billion, in addition to 79 mortgage deals of AED202.61 million.

    For the week ending Dec. 30, 2022, a total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were registered in the emirate.

  • Beijing, China--China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown...

    The company has rushed to offload assets in recent months and has been involved in restructuring talks after racking up some $300 billion in liabilities

    An official document in November showed Evergrande had sold land earmarked for its headquarters in the southern tech hub of Shenzhen for $1 billion

  • A dozen women, sitting on the floor of a workshop inland from Essaouira, a port town on Morocco's Atlantic coast,...

    Morocco produces around 5,640 tonnes of argan oil annually, according to official figures, around 40 percent of it for export

    Argan is so important to the region between the towns of Essaouira and Agadir that in 1998 UNESCO declared a biosphere reserve in the area

  • The company supplied 1.31m EVs last year.

    The Elon Musk-led company has set a long-term goal of increasing its deliveries by 50 percent a year on average

    Production was suspended at its Shanghai plant for several weeks during last year due to Covid restrictions