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 UAE bourses ended the week high with help from foreign investors, but the Saudi equities took a tumble under...

    This week's trading sessions in the United Arab Emirates finished on a high note, with the Abu Dhabi market continuing its upward climb

    The financial markets in the United Arab Emirates had a net inflow of $6.45 million from international investors in both the Dubai and Abu Dhabi stock exchanges

  • Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund at the heart of the kingdom’s reform plans to wean...

    According to media reports, PIF has set up a financing framework that would allow it to raise green bonds

    PIF started raising bank debt in 2018 with an $11 billion facility, followed in 2019 by a $10 billion loan which it then repaid in 2020

  • With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers...

    With Kubernetes, regional enterprises have automated their deployment, management and scaling of containerized applications.

    Since it is controlled by developers and not infrastructure teams, there is a better understanding that ultimately leads to high quality results

  • The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...

    The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens

    Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region

  • President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties...

    India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.

    The decision of banning export of certain varieties of rice are not imported by Jordanian traders.

  • Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th...

    The theme reflects the UAE’s vision of advancing climate action and strengthening partnerships.

    It also reflects international efforts to achieve climate goals.

  • According to the company, it has signed an agreement with Dubai's Virtual Assets Regulatory Authority (VARA) and will soon open...

    According to the company, it has signed an agreement with Dubai's Virtual Assets Regulatory Authority (VARA) and will soon open an office in the region and hire staff

    As economic competition heats up in the Gulf region, the UAE is developing virtual asset regulation to attract new forms of business

  • A termination letter sent to Twitter accused the firm of not informing him about a multi-million dollar severance payment it...

    Musk's lawyers argued that failing to seek his consent before paying Zatko provides another legal basis to break the merger deal with Twitter

    Musk has been locked in a bitter legal battle with Twitter since announcing in July that he was pulling the plug on the purchase of the company

  • The binding agreements will see Mubadala and TAQA each acquire a 40% stake in two gas-fired power plants.

    The binding agreements will see Mubadala and TAQA each acquire a 40% stake in two gas-fired power plants

    The agreements follow the 2020 agreement with Uzbekistan’s Ministry of Investment and Foreign Trade

  • The Saudi firm made $279.4bn in profit in 12 months.

    The figure is equal to the combined profits of Apple, Google’s parent company Alphabet, and Microsoft

    Apple, the leader among global companies in terms of market capitalization, ranked second in the profitability index, with profits of $120.5 billion during the 12 months