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.
  • Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and...

    Experts attribute the main reasons for the increase in the real estate demand to the UAE government's numerous initiatives and the high income level of investors

    The UAE continues to witness a positive trajectory across the residential, office, retail, and hospitality segments in the third quarter of this year, says a new report

  • Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...

    As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.

    The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.

  • UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...

    The minister underscored the importance of the IMF in enhancing the safety of the global economy.

    He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.

  • Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...

    Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.

    Positive results from multinational firms also helped lift equities.

  • Tripoli, Libya---Libya is aiming to nearly double its oil output to two million barrels per day by 2027, the head...

    Farhat Bengdara said the country, which currently produces around 1.2 million bpd, was expecting revenues of "$35-$37 billion" this year.

    The NOC chief was taking part in the ADIPEC energy conference in Abu Dhabi, where he also said he expected to sign an $8 billion deal with Italian major ENI.

  • Pact aims to expand railway solutions, technology in region.

    As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.

    The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.

  • The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...

    UAE Special Envoy for Climate Change Dr. Sultan Al Jaber and Special Presidential Coordinator Amos Hochstein signed the partnership at ADIPEC.

    They will accelerate investment in fossil fuel emissions mitigation; further develop CCUS technologies and advance methane measurement and management.

  • The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a US$10...

    The agreement between ADEX and NBI aims to boost economic cooperation between the UAE and Iraq.

    The pact adds momentum to ADEX’s effort to contribute to the economies of both countries and support the UAE’s strategy on economic diversification.

  • After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to...

    Musk's team has reportedly been attempting to monetize Twitter's identity verification feature, which gives certain users a prized blue check mark

    According to another Twitter document filed with the SEC, Saudi Prince Al-Waleed Bin Talal has become the site's second-largest shareholder

  • Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in...

    The licenses issued in August were for chemicals, metals, machinery, furniture, home appliances and other light-medium products

    While 85 percent of the projects issued with permits were owned by locals, the remaining 15 percent were owned by foreigners or as joint ventures