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 tourism sector of the Jordanian economy has seen a huge growth, with more than 1.9 million visitors arriving in...

    Tourism Minister Nayef Al-Fayez described the situation as reassuring

    He said the return of expatriates was an important component of the country’s tourism economy and that tourism revenue was calculated by the Central Bank

  • Total assets of the bank have increased by 4.8 percent compared to June 2021 and now stand at QAR 193...

    Total assets of the bank have increased by 4.8 percent compared to June 2021 and now stand at QAR 193 billion driven by the growth in investing activities

    Total Income for the six months’ period was QAR 4,284 million registering a growth of 4.2 percent compared to QAR 4,112 million for the same period in 2021.

  • Iraq's oil wealth is rekindling tensions between federal authorities and the autonomous Kurdish region, in a row that could compromise...

    Iraq sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget

    It exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd

  • The profit declined to $114m with its stock sliding too.

    Consequently, its shares fell 2.78 percent to $39 on Sunday

    This decline was caused by a 5.5 percent drop in sales compared to the same period last year along with higher marketing and sales expenses

  • IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects.

    IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects

    DEWA has developed a new benchmark for solar energy prices for every kilowatt hour, thus making Dubai a global benchmark for solar energy prices

  • The Kingdom is stepping forward and allowing the private firms to invest in healthcare infrastructure, Sandeep Sinha, Head of Healthcare...

    The Kingdom is seeing a rise in private investment in the industry with multiple forthcoming healthcare PPP projects

    Improving access to quality healthcare and building a world-class infrastructure are crucial pillars of Saudi Arabia's Vision 2030

  • An agreement between Dubai Land Department and Emirates NBD eliminates the need for manually managing postdated cheques submitted to landlords.

    Dubai has one of world’s most competitive real estate markets. Rents have increased dramatically in the emirate: In May, the average monthly apartment rent was $7,500.

    Real estate is an important part of the UAE’s economy, responsible for around 5 percent of the gross domestic product.

  • Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion...

    With $1.74 bn in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector.

    Dubai welcomed 7.28 million international overnight visitors in 2021, representing a 32 percent year-over-year growth.

  • Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification,...

    The Middle East has been affected by climate change, water crisis, dangers of desertification and COVID-19 pandemic.

    Iraqi Prime Minister Mustafa Al-Kadhimi has called for joint efforts to confront the issues facing the region

  • Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of...

    Jeddah Summit strengthens solid relations and strategic partnership between the US and GCC countries

    Economic relations between the US and the Kingdom are nearly 90 years old, says Saudi minister