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 program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety...

    The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety of goods

    It also aims to establish frameworks for joint cooperation in several areas, most notably the exchange of information and research studies

  • Dubai, UAE --Dubai recorded a total of 3,186 real estate transactions worth over AED 9.1 billion ($2.48bn) during the week...

    The DLD report said that 419 plots were sold for AED 2.24 billion, while 2,233 apartments and villas were purchased for AED 4.64 billion.

    The top three transfers for apartments and villas were apartments for AED 54 million, AED 50 million and AED 37 million.

  • AQABA, JORDAN - The southern city of Aqaba is welcoming an increasing number of local visitors and foreign tourists of...

    The ports of Aqaba are expected to receive eight giant cruise ships carrying about 2,700 tourists each.

    King Hussein International Airport in Aqaba has received 18 flights from abroad in since the beginning of December.

  • Abu Dhabi, UAE---The UAE has issued a decree on the Taxation of Corporations and Businesses, the Corporate Tax Law, under...

    Profits up to and including the $102,099 threshold will not be taxed "to support small businesses and start-ups".

    Free zone entities will be eligible to benefit from the zero percent Corporate Tax rate on qualifying income.

  • GENEVA, SWITZERLAND - The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, Friday announced a joint initiative to...

    The initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of investments in forced displacement contexts.

    Forced displacement is a growing crisis that is too large and complex for governments and humanitarian agencies to solve alone.

  • Global stocks rose on China's slowing inflation and economic reopening, alongside hopes of less aggressive interest rate hikes next week....

    Traders were setting their sights also on the release of two key US inflation reports ahead of the Federal Reserve's final policy meeting of the year.

    Investors were meanwhile hopeful that central banks in the United States, eurozone and UK will next week ease the pace of interest rate hikes.

  • Dhahran, Saudi Arabia---Saudi Aramco and China's Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China....

    The companies have signed a Memorandum of Understanding (MoU), which includes a potential crude oil supply agreement and chemicals products offtake agreement.

    The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.

  • Venture would start with two aircraft and expand to 15.

    The latest move to reorganize the Malaysia-based firm's network comes after setbacks in recent years.

    The firm's future airlines would also be based in Southeast Asia as it was a familiar region.

  • Firm fined due to gaps in anti-money laundering controls.

    The Financial Conduct Authority said that it had concluded Santander UK failed to properly manage its anti-money laundering systems between December 2012 and October 2017.

    Santander UK had taken action to address the issues once they were identified.

  • The state-owned Commercial Aircraft Corp of China said at an airshow last month that it had secured orders for 300...

    Beijing hopes the C919 commercial jetliner will challenge foreign models like the Boeing 737 MAX and the Airbus A320

    The first model of the narrow-body jet, which seats 164 passengers, was formally handed over to China Eastern Airlines