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.
  • UAE's Ministry of Human Resources and Emiratization (MoHRE) has honored 16 companies that achieved over triple their Emiratization ratios in...

    UAE's Ministry of Human Resources and Emiratization has honored 16 companies that tripled their Emiratization targets in two months

    These companies will benefit from several incentives including upgrading their classification to the first category

  • The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3...

    Their non-oil trade over the past decade amounted to over AED256.15 billion, with a total weight of 8.28 million tons.

    Ornaments, jewellery and related products on top of  the list of five leading goods imported from France in 2021, with a value of AED2.46 billion.

  • Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE...

    Union Coop is the first cooperative society in the UAE to list its shares and Dubai Financial Market welcomes the step

    The listing supports the efforts of market participants to further develop Dubai's financial markets

  • Dubai Chamber of Commerce achieved record growth in new membership in the first half of 2022 as more than 21,000...

    A total of 2,326 ATA Carnets were issued and received by the Chamber in H1-2022, recording a 32 percent y-o-y increase.

    The number of e-transactions increased 10 percent over the same period to reach over 378,000.

  • Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10...

    DEWA commissioned one 400/132 kV substation in Al Qusais Industrial Area 5 of Dubai in the first half of 2022

    Across Dubai 10 more 132/11 kV substations in different areas were commissioned in the first half of 2022.

  • The company began trading in London on Monday.

    The new company -- which owns brands including Sensodyne toothpaste, pain relief drug Panadol and cold treatment Theraflu -- was worth lower than an expected £40 billion.

    GSK's share price tumbled 20 percent in early London trading following the demerger.

  • Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging...

    Still, investors continue to fret over the economic outlook, with Russia's war in Ukraine showing no sign of ending

    Policymakers have made it clear their main goal is bringing inflation down from a four-decade high, even if that stunts growth or causes a recession

  • H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of...

    H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process

    It said the entire wind-down was expected to cost the group around 2.0 billion Swedish kronor ($192 million), of which around 1.0 billion would have a cash flow impact

  • Sheikh Mohamed's visit is expected to conclude with 'the announcement of guarantees given by the UAE on quantities of hydrocarbon...

    A key facet of the trip is likely to be the unveiling of "guarantees given by the UAE on quantities of hydrocarbon supplies to France"

    MOUs and contracts are also expected to be signed in the transport and waste treatment sectors during the three-day visit

  • The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various...

    Relations between the UAE and France date back to establishment of the UAE Federation when some French firms such as 'Total' helped UAE explore oil

    The past years witnessed dozens of agreements and MoUs between the two countries in various economic, cultural, military and environmental fields