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.
  • Dubai, UAE-- Dubai real estate market recorded realty transactions worth AED1.1 billion ($299 million) on Thursday, Dubai Land Department said....

    The deals included 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million.

    The sales included 334 villas and apartments worth AED626.55 million, and 37 land plots worth AED198.81 million.

  • Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a...

    Hungary is highly dependent on Russian oil and gas and Budapest has already secured an exemption from sanctions on Russian crude oil imports via pipelines.

    EU foreign ministers held an emergency meeting to discuss after Moscow mobilized reservists for its war in Ukraine.

  • Sharjah, UAE--The contractual value of building permits issued by Sharjah Municipality grew to AED9.344 billion ($2.54 billion) in H1, while...

    The value of building permits for which certificates of completion were issued reached AED3.263 billion.

    Building Permits Department has completed 1,824 applications for accrediting engineering plans, and issued 1,265 building permits.

  • The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and...

    The agreement aims to facilitate industrial, trade and economic growth in both the UAE and Jordan.

    The pact encourages cooperation in conformity assessment procedures for non-food and non-pharmaceutical industrial products.

  • Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...

    The minister met the platform's founder to discuss ways to promote cooperation in the online education and e-training industry,

    The two discussed ways to develop a partnership between the National Center for E-Learning FutureX and the edX platform.

  • The decaying 45-year-old FSO Safer, long used as a floating storage platform and now abandoned off the rebel-held Yemeni port...

    UN officials last month warned that the ship was a ticking environmental time bomb requiring immediate action

    It warned a spill could destroy ecosystems, shut down the fishing industry and close the lifeline Hodeida port for six months

  • It won a $40 million contract from Aramco to supply pipes.

    Saudi Steel Pipe Co. said, in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023

    The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes

  • The food company will reduce the capital to $42.13 million.

    According to a bourse filing, the company is cutting its capital from $90 million to $42.13 million

    The food company's accumulated losses reached $45 million in the first half of the year, representing 53 percent of its share capital

  • The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo...

    Saudi Arabia's interest in gaming and eSports comes from the very top, with Crown Prince Mohammed bin Salman said to be an avid "Call of Duty" player

    Saudi gamers are revelling in their country's newfound status and the eye-watering prize pools it brings

  • The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.

    The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE

    ENOC is recruiting young talented Emirati nationals in the energy sector in specialisations including chemical, mechanical, and electrical engineering