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 rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational...

    For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper

    The greenback has risen 13 percent compared to the euro over the last 12 months, approaching parity, and gained 22 percent against the yen

  • The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment....

    Saudi and UAE stock markets ended the week lower, following Asian markets

    Concerns about slowing global economic growth impacted investor sentiment

  • Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...

    Jeddah Season this year lasted for 60 days and it was full of exciting shows

    The shows, programs and activities took place across 13 locations in Jeddah

  • Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...

    He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe

    He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too

  • AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with...

    Spread over an area of 10 square kilometers in Riyadh, the hospitality hub will create around 10,000 jobs including green-tech industries to create a ‘green circular economy’

    The project is planned to provide 11,000 residential units and an eventual population of 44,000 people

  • Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but...

    Investors are coming off the worst six-month start to a year for the S&P 500 since 1970

    The ECB stated last month that it will deliver its first interest rate hike in more than a decade in July to combat inflation

  • The third edition of The Jewels of Emirates Show, UAE’s inaugural event specializing in diamond jewelry, gold, silver and luxury watches...

    The four day event is organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce & Industry.

    The show has numerous special surprises for its visitors, including valuable gold, jewelry gifts and vouchers up to 1000AED.

  • The metaverse version -- where players largely do the same thing but can earn cryptocurrency rewards and buy extra kit...

    Borget is co-founder of The Sandbox, a platform that began as a game for mobile phones and PCs but is transforming itself into a virtual world

    Brands like Gucci and Adidas, financial firms Axa and HSBC, and Warner Music are among those who have chosen to set up shop in The Sandbox

  • Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the...

    The two reviewed means to enhance cooperation to promote progress, prosperity.

    They also discussed various developments in the regional and international arenas.

  • The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a...

    The trade pact is expected to boost imports of petrochemicals from the UAE to Indonesia

    Indonesia imports around two million tonne of petrochemicals annually from the global market