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.
  • SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...

    The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.

    The two Presidents exchanged views on several regional and international issues of common concern.

  • Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of...

    ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.

    These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.

  • The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the...

    Musk was asked why he had not travelled to Indonesia, the Twitter's new boss joked that his "workload has recently increased quite a lot" after the takeover

    He said he wants to see rocket platforms across the world that would allow people to travel "to the complete other side of the world" at 20 times the speed of sound

  • The income vaulted to $1.77bn in the first nine months of 2022.

    The company also reported group revenues of $10.61 billion, 14% higher than the prior-year period

    TAQA’s Board of Directors also declared an interim cash dividend of $184 million (0.60 fils per share)

  • Passion for football in the Middle East runs deep, but a week before the start of the World Cup, the...

    According to football historian Paul Dietschy, world cups have traditionally attracted more affluent supporters than weekly club football, whose fanbase is often working-class

    Even in oil-rich Saudi Arabia, which has the Arab world's largest economy and shares a land border with Qatar, fans said the costs were prohibitive

  • Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to...

    Migration to EmaraTax will begin from end of 30 Nov. and it will be available for use from 5 Dec.

    EmaraTax significantly enhances taxpayer access to the FTA’s services, payment of taxes and obtaining refunds.

  • Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...

    These systems are critical to maintaining the quality, nutritional value and safety of food.

    An estimated 14 percent of all food produced for human consumption is lost before it even reaches consumers.

  • A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental...

    In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.

    The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.

  • The G20 health ministers have agreed to establish a pandemic fund.

    The fund will be commonly used to fix the health system and close the budget gap for the following five years.

    Up to 20 donor countries and three philanthropists have expressed willingness to contribute to the effort to raise "pandemic fund" totaling US$1.4 billion.

  • The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.

    A series of sessions and initiatives shed light on pathways forward on adaptation and climate resilient agriculture.

    The focus comes at a particularly challenging year for food security.