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 two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth...

    The two-day ‘Make it in the Emirates' event highlight the UAE's capacity to ensure the growth of national industry

    The event helps in identifying a number of products the country will depend on in the coming years

  • Silicon metal is added to aluminum to create high-strength alloys.

    Roughly a quarter of EGA’s production is foundry alloys, which are used to make vehicle parts.

    The UAE currently has no domestic silicon metal manufacturing capacity, and EGA is by far the largest importer of this material.

  • Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the...

    Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor

    Through the apps, residents can put in their orders for slaughter, have them delivered, or even distribute them to local charities

  • High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating.

    High prices at the pump are weighing on American consumers and damaging President Joe Biden's approval rating

    Biden and the oil industry have an uneasy relationship, in part over the White House's efforts to restrict drilling in some federal areas

  • The global aviation sector's losses, which rose to around S138 billion in 2020, dropped to nearly $42 billion in 2021....

    Qatar Airways, a major GCC airline, reported profits of $1.54 billion during the fiscal year ending March 2022, compared to $4 billion loss in the previous year

    The UAE airlines have recovered 92.9 percent of seat capacity compared to pre-pandemic levels, according to data released by OIG International

  • The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and...

    The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and 2021

    As per the Arab Investment Export Credit Guarantee Corporation Arab countries received a total capex of US$1.3trn over the last 19 years

  • EIG will supply gas to Q Properties' Reem Hills project.

    EIG will provide the Q Properties with services like feasibility, commercial, technical, conceptual designs and engineering.

    EIG will also support the project during engineering phases for gas-related work on the Reem Hills luxury development.

  • Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable...

    Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission

    The Secretary-General called upon Arab nations to develop their own renewable energy industries rather than importing foreign technology

  • Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and...

    Saudi Arabia's finance minister says energy security is important for the economic growth and prosperity of the world

    The finance minister says energy supplies, economic development and climate change vital aspects of the world

  • The UAE government has announced it will issue a dual-tranche US dollar benchmark size bonds with a 10-year tranche and...

    The bonds are a 10-year tranche and a 30-year Formosa tranche.

    The 10-year tranche will be listed on London Stock Exchange and Nasdaq Dubai, and the 30-year tranche will be listed on LSE, Taipei Exchange and Nasdaq Dubai.