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.
  • Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every...

    Beside leadership and vision, trust, communication and transparency between all the stakeholders play a key role in any and every project’s success, experts had said at the event.

    More than $50bn of social infrastructure work, according to Meed Projects, is being executed across the Gulf region, while the remaining $70bn is in various stages of planning

  • “Some big techs are facing crisis with large-scale layoffs and investment cuts. As digital space offers enough space and opportunity...

    Unlike in the industrial revolution, the developments in Information and Communications Technology (ICT) are quicker, says Asian College of Journalism Chairman Sashi Kumar

    'Rational human beings, interested in transformation in media and communication as a vehicle for the betterment of society, should be worried about technological fundamentalism'

  • The EU announced the discovery of a sophisticated US$2.3-billion VAT tax fraud that triggered raids in 14 countries, including France,...

    Prosecutors uncovered a network of "criminal activities" operating in almost all 27 EU member states.

    These activities also operated in Albania, Britain, China, Mauritius, Serbia, Singapore, Switzerland, Turkey, the United Arab Emirates and the United States.

  • RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council...

    The minister evaluated the deals to be worth $50 billion, local media reports said.

    Also, the event comprises over 3,000 participants, 57 ministers of tourism and travel

  • LONDON, UK - Britain on Tuesday ousted China's nuclear firm CGN from construction of its new Sizewell C nuclear power...

    The announcement came one day after Prime Minister Rishi Sunak warned that the "golden era" of UK-China relations was "over"

    Sizewell C, which is under development on the Suffolk coast in eastern England, will power the equivalent of about six million homes.

  • Bank will use funds for core business, give cash to investors.

    The large sale comes after UK-listed HSBC faced calls from biggest shareholder Ping An Insurance Group to cut costs and shift more resources to Asia.

    The Canadian divestment is expected to be completed in late 2023.

  • Its earnings grew by 17 percent in H1 of 2022.

    The results, according to the company, confirm that the DIEZ benefited from integrating returns on investment

    The increase in commercial licences and government services amounted to 49 percent

  • A few weeks after the unravelling of FTX, BlockFi, a lender in the cryptocurrency world, has filed for bankruptcy protection...

    During the course of summer, FTX provided $400 million in credit to BlockFi, enabling the lending firm to avoid bankruptcy

    BlockFi said it was focused on recovering obligations from counterparties, including FTX

  • Abu Dhabi, UAE— Aldar Properties has partnered with Nobu Hospitality to launch a new luxury hotel, branded residences, and a...

    The agreement will see Aldar develop the 5-star hotel featuring 165 luxurious guest rooms and suites, including the stunning rooftop Nobu Villa

    The planned development includes the first branded Nobu Residences in the Middle East and the second worldwide, offering high-end, multi-bedroom sea view residences

  • A series of tweets fired off by Musk included a meme of a car with his first name on it...

    Musk also joined the chorus crying foul over a 30 percent fee Apple collects on transactions via its App Store

    Since taking over Twitter last month, Musk has cut around half of Twitter's workforce, including many employees tasked with fighting disinformation