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.

  • On a third-quarter basis, DP World handled 20.1 million TEU.

    The third-quarter gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia.

    Jebel Ali (UAE) handled 3.5 million TEU in Q3, up 2 percent year-on-year.

  • The year-on-year growth in net profit was 53% for the first nine months of 2022.

    Revenue for the first nine months of 2022 improved 10 percent to AED4,516 million compared to AED4,093 million last year.

    This was driven by a 22 percent increase in fees and commissions and a 10 percent growth in funded income to AED2,802 million.

  • US automaker was bolstered by strong vehicle pricing.

    Revenues jumped 56 percent to $41.9 billion, a quarterly record.

    GM Chief Financial Officer Paul Jacobson acknowledged rising worries about the drag from inflation on economic growth.

  • Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh

    Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy

  • The bank income in Q3 fell by 10 percent to $8.2billion.

    The energy crisis had affected their retail and small business clients in Switzerland.

    The CEO of UBS said clients are concerned about high inflation, elevated energy prices and the war in Ukraine,

  • ALC is one of the largest meat producers in Australia.

    The acquisition was done through Minerva Foods Australia, a joint venture established last year between SALIC and Minerva in Australia.

    ALC operates two processing facilities in Victoria State, with a capacity to process up to 3.78 million heads annually.

  • SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...

    GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.

    The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.

  • It recorded the profit at $256m in the first nine months of 2022.

    According to data issued by the bank, published on Qatar Stock Exchange website today, earnings per share amounted to QR 0.30 in the period ending on Sept. 30, 2022

    Doha Bank was established in 1979, with a capital of $852 million

  • Airbus will make a one-off payment of 1,500 euros for all employees in its four founding nations, UK, France, Germany,...

    Airbus has decided that an exceptional premium will be paid before the end of 2022 to all Airbus* employees," including senior management, the company said

    In a message to emloyees, Airbus said that widespread price rises is placing a heavy financial burden on companies and it also applies to airline's employees

  • International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the...

    It is part of the company's long-term strategy to grow its capacity in the tech industry across different sectors

    Technology mergers and acquisitions in 2021 increased by 71 percent from 2020 levels, with dealmaking totalling US$1.1 trillion