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.
  • French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair...

    Macron said that US industrial subsidies, which are part of Biden's huge green energy initiatives, are "super aggressive" towards European business.

    While Washington and Paris were "working closely together" on geopolitics and opposing Russia in its invasion of Ukraine, trade tensions remained, Macron said.

  • Global stocks rose as Federal Reserve boss Jerome Powell flagged a moderation in interest rate hikes, while China signaled a...

    Equities were also helped by signs that China is edging towards a more pragmatic approach to fighting the coronavirus.

    The dollar sank, having soared across the board this year as Fed monetary policy diverged more and more from other central banks.

  • In November the hackers demanded health insurer Medibank pay US$9.7 million to keep the records off the internet -- or...

    Medibank refused to pay at the urging of the federal government, which at the height of the crisis considered making it illegal for hacked companies to hand over ransoms

    Australian Federal Police Commissioner Reece Kershaw said in November the hackers were believed to be a group of "loosely affiliated cyber criminals" who were based in Russia

  • Luxembourg has the second highest rate at 55.59 crypto jobs per million people.

    Luxembourg has the second highest rate at 55.59 crypto jobs per million people

    North America offers the best average salary for crypto jobs, amounting to annual earnings of $120,000

  • The World Bank estimates that cash transfers to low income countries eased this year as high prices ate up migrants'...

    The World Bank says while the reopening of economies as the pandemic receded helped with employment, rising costs "adversely affected migrants’ real incomes"

    Rising oil prices and continued demand for migrant workers boosted remittances to Central Asian countries

  • Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.

    Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages

    The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages

  • The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...

    The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto

    Navantia "would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance

  • The world's richest person, Elon Musk opened fire on the planet's most valuable company early this week over fees and...

    Musk also tweeted a video clip of "Apple's beautiful HQ" in Cupertino, California, noting that he had had a "good conversation" with Cook

    The billionaire CEO had earlier tweeted that Apple "threatened to withhold Twitter from its App Store, but won't tell us why."

  • Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create...

    The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities

    DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses

  • The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...

    The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata

    Strata’s operations for Pilatus will be extended to feature 3 WPs for Pilatus PC-12 and PC-24, crafted with Strata’s signature use of Carbon Fiber