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.
  • Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of...

    Etihad Airways, which operates five of the Airbus A350-1000s, is the only airline in the United Arab Emirates that has this aircraft type in service

    "Etihad has discovered no issues, nor experienced any similar events with the engine, so does not anticipate any impact on its operations," it added

  • Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...

    Beyond permanent bans, some nations have temporarily restricted access to X, formerly Twitter, which has often been used by political dissidents to communicate

    These have included Egypt in 2011 during the Arab Spring uprisings, Turkey in 2014 and 2023, and Uzbekistan around that country's 2021 presidential election

  • Washington, United States - iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest...

    The company founded by Steve Jobs is at the funding table as OpenAI raises more money to help meet the heavy costs of building new technology

    Reports said that OpenAI is in talks to reach a valuation of $100 billion in the funding round led by venture capital firm Thrive Capital, which will pump in one billion dollars

  • In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit...

    43% of YTD scam inflows have gone to wallets that became active this year

    Huione Guarantee, appears heavily used for illicit crypto-based activities, including pig butchering, investment fraud, and money laundering

  • Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong...

    Nvidia loses $200 billion in market value

    Investors' high expectations led to disappointment despite Nvidia's strong earnings

  • Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked...

    Durov, 39, who preaches the virtues of ice baths for health and has fathered 100 children through sperm donations, is a controversial as well as enigmatic figure

    A self-avowed libertarian, Durov has championed confidentiality on the internet and freedom of speech, defiantly refusing to allow the moderation of messages on Telegram

  • Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...

    Orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after formal launch

    Chinese automaker BYD and U.S. giant Tesla cemented their dominance in H1 2024.

  • Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for...

    Kuwait has been boosting its reliance on imported gas to meet power demand

    Qatar this year announced a further expansion of its North Field project

  • New York, United States - Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US...

    In a new report, ExxonMobil said it "sees a plateau in oil demand beyond 2030, remaining above 100 million barrels per day through 2050."

    This would be roughly in line with oil demand last year of 102.2 million barrels per day, according to the International Energy Agency

  • Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...

    Oil prices climbed 0.8% after Israel and Hezabollah traded rocket salvos

    The dollar slipped a further 0.5% to 143.64 yen, having fallen 1.3% on Friday