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.

  • Algiers, Algeria--- Turkish investments in Algeria have exceeded $5 billion and the desired goal of $10-billion trade between the two...

    Mevlut Cavusoglu said the number of Turkish companies operating in Algeria exceeded 1,400.

    He said the desired goal of $10bn bilateral trade between the two countries could be achieved in a short time.

  • Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.

    PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.

    "Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.

  • The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system...

    The CBUAE is making continuous efforts to enhance the fight against all forms of financial crimes and money laundering, says its Governor Khalid Mohammed Balama

    The Gulf country is developing effective policies and legal frameworks, governance and executive machineries, and close follow-up of all illegal financial transactions, he adds

  • While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the...

    While a UAE official in Beijing calls the China-Arab summit a key milestone in the history of relations between the two peoples, Palestine hails its outcomes as 'beyond expectation

    The UAE accounts for over 60 percent of China’s exports to the region, with China being the UAE’s largest trading partner, and the UAE being home to more than 6,000 Chinese firms

  • Canadian-based TC Energy, which operates the pipeline, detected the leak Wednesday night in Kansas and immediately halted the flow of...

    If the estimate on the size of the spill holds, it will be the largest crude oil spill in the United States since 2013

    Transportation Secretary Pete Buttigieg tweeted that authorities "are monitoring and investigating the... leak."

  • John Kerry

    The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses...

    Washington's landmark Inflation Reduction Act contains $370 billion in subsidies for green energy and tax cuts for US made electric cars

    Biden defended the act and said it was never intended to disadvantage US allies, and has committed to understanding EU concerns.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received 29 expressions of interest (EOIs) to implement the first...

    This is the first project implemented by DEWA using the Independent Water Producer model, which will run in phases during 2025 and 2026.

    The firm uses clean solar power to desalinate seawater using the latest Reverse Osmosis technologies, which consume less energy.

  • ASHGABAT, TURKMENISTAN - Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber has left the UAE on...

    The UAE Minister of Industry and Advanced Technology headed a delegation comprising senior officials from government, private sectors to Turkmenistan.

    The delegation discussed ways to develop bilateral relations and enhance cooperation in the fields of oil, gas, clean energy, infrastructure.

  • The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant.

    The company has received 29 expressions of interest to implement first phase of its Hassyan Sea Water Reverse Osmosis Plant

    It has appointed a consortium of companies, including Deloitte, WSP and Addleshaw Goddard, to provide consultancy services for the project

  • The Grotto of the Nativity, the largest in Jordan, is a model that represents the birth of Jesus Christ, the...

    The Grotto of the Nativity, the largest in Jordan, is a model that represents the birth of Jesus Christ, the son of Mary

    Setting up the Grotto of the Nativity as Christmas is approaching is to create religious tourism diversity in the Dead Sea area, Al-Fayez said