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 bank's Fitch A ratings bonds were listed on Nasdaq Dubai.

    The new listing highlights Nasdaq Dubai's significant role in strengthening links between the capital markets in Dubai and China.

    Bank of China's Dubai branch has issued the 2025-maturing bonds at a yield of 4.84 percent.

  • ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from...

    The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law.

    The meeting discussed the proposed amendments to the bankruptcy law in terms of public policy.

  • The three firms will produce fuel cell grade hydrogen from waste.

    The three firms will form a consortium that will advance progress on the Middle East’s first waste to hydrogen plant, located in Sharjah.

    The plans for the plant include an on-site green hydrogen dispensing station capable of fuelling several vehicles.

  • Dubai---Saudi Arabia's sovereign wealth fund, the Public Investment Fund, had acquired a 9.5 percent stake in Skyborn Renewables, an offshore...

    PIF said it is investing in Skyborn alongside Global Infrastructure Partners, , a US-based infrastructure investment fund.

    The Skyborn, which is based in Bremen, Germany, has a presence in 15 European and Asia Pacific markets.

  • A record of nearly 70 tons of the drug was intercepted in 2021, up 74 percent from a year before,...

    The cocaine is usually hidden in containers, or sometimes underneath ships in openings below the water line where they are then recovered by divers.

    Rotterdam mayor Ahmed Aboutaleb has deplored the fact that the port city is "drowning in cocaine", and condemns the violence that accompanies the drug trade.

  • While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital...

    The UAE is the third largest cryptocurrency market in the Middle East, behind Turkey and Lebanon, with a transaction volume of roughly $26 billion

    The emirate demonstrated its willingness with VARA to be the first country to have the regulation to oversee the crypto sector rather than curbing it

  • Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a...

    Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a superfast broadband infrastructure

    Huawei will work with the Ministry to support digital entrepreneurs working on smart cities, IoT, AI, gaming, fintech, e-commerce, and blockchain projects

  • The first try last month came just 10 days after Musk's $44 billion takeover of the platform and a mass...

    The initial rollout of Twitter Blue caused an uproar when many fake accounts popped up pretending to be celebrities or companies

    The relaunch of Twitter Blue in a handful of countries including the US comes as the Tesla and SpaceX owner has stepped up his tweets endorsing right-wing causes

  • The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.

    The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13

    International offices have a dual mission of supporting and guiding Dubai companies through every stage of their global expansion

  • Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between...

    Both countries reaffirmed their keenness to enhance cooperation and bilateral integration, and to leverage available and joint opportunities in various fields

    The two sides discussed projects that would deepen bilateral cooperation in economic, investment, trade, energy, water, and transportation