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 beer will not offend religious sensibilities in UAE as it is aimed at foreigners and also because it produces...

    The West Bank's beverage last week passed past an army roadblock on its way to the Israeli port of Ashdod from where it is exported to the UAE

    Selling in the UAE market has both financial and symbolic value for Taybeh, which was launched in 1994 as the first microbrewery in the Middle East

  • Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on...

    Since Musk takeover on Twitter, Trump has suggested that he would be sticking with his own Truth Social messaging platform rather than going back to Twitter.

    The new Twitter boss said he had talked to civil society leaders about how Twitter will continue to combat hate and harassment and enforce its election integrity policies.

  • Abu Dhabi, UAE---Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG today announced plans to pilot blockchain technology to...

    The the pilot will show how much CO2 was used to make products such as Murban crude, ammonia, and aviation fuels.

    This information will be automatically recorded onto a decentralized blockchain ledger.

  • The company will list on ADX and Saudi Tadawul by Dec. 6.

    The company said it will sell 2.5 billion of its existing shares in the IPO, which expected to run from 14-21 Nov. for retail investors in the UAE and Saudi.

    The final offering prices will be determined after the book-building process.

  • The award is aimed at upping lower-carbon-intensive production capacity.

    The award covers ADNOC’s onshore and offshore fields and will see an additional $750 million above guidance added to Oilfield Services (OFS) revenue, or $150 million per year.

    The contract award brings the total value of awards confirmed by ADNOC Drilling in 2022 to $8.85 billion.

  • The two ministers also talked about the progress in the electrical interconnection efforts.

    The two ministers also talked about the progress in the electrical interconnection efforts

    They also discussed ways to improve cooperation between their specialized businesses

  • Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the...

    The memorandum aims to boost trade and raise the level of economic partnership between the two nations

    The agreement includes the organizational clauses related to transport rights, the plurality of designating national carriers, determining the number of regular flights

  • The telecom company's net profit vaulted to $680.5m in Q3.

    The telecom company said that its revenues surged to hit $3.54 billion

    Its subscribers in the UAE reached 13.3 million in Q3 2022, representing an increase of 11 percent over the same period last year

  • The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation.

    The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation

    The two countries have an institutional base for their economic ties represented by the Saudi-German Joint Committee and the Saudi-German Business Council

  • Dubai, UAE— Dubai has begun to give out multiple-entry tourist visa for "Hayya cardholders" traveling to Doha for the World...

    General Directorate of Residency and Foreigners Affairs (GDRFA)  issued the first 90-day multiple-entry tourist visa to Mohammed Jalal, a Jordanian football fan

    Arrivals, according to GDRFA, can have their visas before reaching the country and can shuttle frequently between Dubai and Doha for matches several times a day