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.
  • They will work on projects to decarbonize bulk cargo shipping.

    Focus of agreement on development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes.

    Solutions are likely to include kite systems, alternative fuels and CO2 capture technologies.

  • ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce.

    ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce

    The cooperation with MADE shows ADDED’s efforts to enhance the entrepreneurship ecosystem

  • GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain...

    According to a May report by property consultancy Knight Frank, Gulf-based high-net-worth families have returned to property investments in recent months

    GCC investors are leveraging a weak pound to buy assets in the UK's luxury property market after the pound fell to its lowest level against the dollar since March 2020 in June

  • Tokyo stocks opened higher on Wednesday ahead of a key US inflation report and with worries growing over rising Covid-19...

    Wall Street stocks ended lower overnight as markets brace for a potentially grim US inflation report

    Investors fear that another report showing hot inflation will lead the Federal Reserve to double down on large interest rate hikes

  • Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling...

    The social media company's shares edged up slightly in after-market trading when the news broke

    Legal experts and market analysts see Twitter as having a strong upper hand heading into court

  • Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and...

    At 63.4%, Middle East and North Africa have the second-largest gender gap yet to close, with the UAE, Israel and Lebanon being the highest performing countries

    After a big COVID hit, the gender gap hasn’t bounced back across the globe, according to the World Economic Forum’s Global Gender Gap Report 2022

  • The region is better placed to deal with global slowdown as oil and gas prices will stay high due to...

    The region is better placed to deal with global slowdown as oil and gas prices will stay high due to supply restrictions, Jean Claus, CEO of Allianz Trade Middle East, tells TRENDS

    Regional GDP growth is expected to be +2.7 percent in 2023 in an 'adverse scenario', slightly lower than the +3.1 percent expected in the baseline scenario, Claus adds

  • The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in...

    Oil prices meanwhile fell heavily on concerns of a wider recession as central banks hike interest rates to fight decades-high inflation.

    European stock markets fell approaching the half-way mark and in the wake of overnight losses in Asia and on Wall Street.

  • The International Air Transport Association (IATA) said the Middle Eastern airlines’ traffic rose 317.2 percent in May compared to May...

    IATA announced passenger data for May 2022 showing that the May capacity rose 115.7 percent.

    Global traffic is now at 68.7 percent of pre-crisis levels as it rose 325.8 percent versus May 2021.

  • Rising cyber attacks on network infrastructure in countries across the world, which pose a significant threat to the economies of...

    This edition’s theme is “Cyber Fusion: Converging Cyber Intel: Critical Network Infrastructure IT, OT, and IoT."

    It is currently estimated that companies in Saudi Arabia lose about $6.53 million per cyber attack.