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.
  • Profits for the Q1 came in at $1.3 billion.

    Profits for the quarter ending at November 30 came in at $1.3 billion, the same as in the year-ago period while revenues jumped 17 percent to $13.3 billion

    In the most recent quarter, Nike's gross margin declined compared with the prior quarter due to higher markdowns, especially in North America, Nike said.

  • In the poll results which were posted on Monday, 57 percent of voters, or 10 million votes, favored Musk stepping...

    In the poll results which were posted on Monday by the Twitter's new CEO, 57 percent of voters or 10 million votes favored Musk stepping down

    Polling company HarrisX on Tuesday tweeted out their own poll of Twitter users, in which 61 percent of respondents voted to keep Musk as CEO

  • Algiers, Algeria-- Sonatrach of Algeria and VNG AG of Germany have signed a memorandum of understanding for the construction of...

    According to the Algerian authorities, the proposed plant will have a production capacity of 50 MW

    Sonatrach said the agreement will explore opportunities for cooperation in the field of hydrogen and of green ammonia to be exported to Germany

  • The two will manufacture 'innovative' drugs in Abu Dhabi.

    The agreement focuses on collaboration in four key areas including localizing innovative industries, research and development, innovation and sustainability at a global scale

    It cements the emirate’s position as a hub for research and innovation in life sciences and is the latest in a series of longstanding partnerships with key players in the industry

  • In all economic spheres from financial to commodities, credibility is a key ingredient to building the trust and confidence that...

    Playing politics with statistics and forecasting and not maintaining objectivity tend to backfire and result in loss of credibility, says Saudi Energy Minister Prince Abdulaziz

    OPEC+ has maintained its demand figures for 2021 while some others have grossly and consistently underestimated historical and current demand resulting in discrepancies

  • Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success...

    Increased use of cloud-based apps and software has been observed in the GCC due to the businesses undergoing digital transformation

    Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts

  • Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding...

    EU vice-president Margrethe Vestager announced Amazon's commitments and hailed them as a victory for smaller retailers selling products on Amazon's online marketplace.

    An Amazon spokesperson said the firm, which operates the world's biggest online store, was pleased to have responded to the European Commission's concerns.

  • DUBAI, UAE  - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in...

    The business leaders were also building partnerships with over 100 roundtables, 20 networking sessions.

    The summit took a 360-degree view at ways to improve the world economy.

  • Hospitals in many countries have come under pressure from a rising number of illnesses including what has been dubbed a...

    But ramping up production of antibiotics has proved difficult for drug makers, particularly for cheap generic medicines that offer a slender profit margin.

    Pharmaceutical companies who had cut back production because of the previously falling demand are now scrambling to meet skyrocketing orders, causing delays.

  • WASHINGTON, UNITED STATES - US lawmakers early Tuesday released the text of a US$1.7 trillion funding bill which Congress hopes to...

    The bill includes $858 billion in defense funding and will also provide $44.9 billion in emergency assistance for Ukraine.

    It also includes $772.5 billion for non-defense discretionary programs, including $118.7 billion for Veterans Affairs medical care.