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 industry accounts for almost 40 percent of global greenhouse gas emissions, according to the UN. Lina recommends refurbishing and...

    Ghotmeh used more than 500,000 bricks made from local dirt for a new Hermes building in France, expected to open early next year.

    The bricks also regulate the building's temperature and reduce energy needs. The building will produce as much energy as it consumes.

  • Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...

    Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.

    Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.

  • DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced...

    The assembly will vote on the recommendation of the Board of Directors to distribute a special one-time cash dividend of US$552 million to its shareholders.

    For the year 2022, DEWA intends to pay its shareholders a total dividend of $2.24 billion.

  • Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade...

    The announcement of the launch was made at the Poland Business Forum, which started on Friday to discuss investment and trade cooperation between UAE and Poland.

    The forum was organized by the Abu Dhabi Department of Economic Development (ADDED), the Government of Silesia, and the Embassy of the Republic of Poland in the UAE.

  • The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead...

    The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner

    The meeting will be attended by decision-makers, investors, experts, and academic figures from all over the world

  • DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...

    The UAE affirmed its commitment to promoting inclusive growth and prosperity within the Indian Ocean region.

    The launch of the Sheikh Zayed IORA Scholarship for Humanitarian Action and Development was officially announced.

  • London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on...

    An EIC report titled “UAE: EIC Country Report – November 2022”, highlights the UAE’s Hydrogen developments in the sector.

    “The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report said

  • Firm said this will help bolster its presence in kingdom.

    Nestle's announcement is likely to be a major boost to Saudi Arabia as the kingdom pushes to attract greater foreign investment.

    Nestle will build a new factory, due to open in 2025 that will produce infant nutrition products and ready-to-drink coffee.

  • Abu Dhabi, UAE---Abu Dhabi Fund for Development (ADFD) will finance a water project in Cordoba province of Argentina under an...

    Costing, $28.8 million, the project will see building of modern water plants and expanding existing water stations in 26 villages of Cordoba province.

    The project will involve the laying of about 255-kilometer supply lines and establishing 14 new pumping stations and purification plants.

  • AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...

    Jordan's Minister said electric connection with Europe achieves integration by supplying the continent with relatively low-cost energy.

    He said that Jordan seeks to turn its electric power grid into a smart one.