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 agreement is for the provision of customer care services via video call.

    Vodafone has signed an exclusive agreement with Whisbi for the provision of customer care services via video call

    The agreement was signed between Bader Al Zaidi, CEO of Vodafone, and Alex Bisbe CEO of Whisbi in Muscat

  • Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level...

    With investors increasingly wary of risk, the world's most popular crypto asset has lost more than 72 percent of its value since reaching a high of $68,991 on November 10, 2021

    World stock markets plunged this week amid fears that inflation-fighting interest rate hikes by the US Federal Reserve and other central banks could trigger a recession

  • Iraq is in discussions with Iran to increase gas transportation to the country in order to operate power plants. The...

    The ministry of electricity for Iraq feels that Iran understands Iraq's needs

    Iraq has started the process of repaying the Iranian gas debt, while also saying it needs more than 50 million cubic meters per day

  • The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals....

    The Central Bank of Jordan issues a circular asking local banks not to change interest rates on loans to individuals

    CBJ’s decision comes in light of the current changes to interest rates and to ease the burden of repaying loans for individuals

  • The World Trade Organization agreed Friday to temporarily lift patents on Covid-19 vaccines after two years of bruising negotiations, but...

    The unprecedented agreement, sealed by all 164 WTO members after late-night overtime talks, will grant developing countries the right to produce Covid vaccines for five years

    Under the terms of the new deal, WTO members have six months to decide on whether to extend the measures "to cover the production and supply of Covid-19 diagnostics and therapeutic

  • TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears...

    ByteDance employees have repeatedly accessed information about US TikTok users, according to a Buzzfeed news report

    TikTok has been adamant that it has never given US user data to Chinese officials and that it would refuse if asked to do so

  • Equities in the Middle East imitated the global stock markets, falling as central banks raised interest rates to fight off...

    The UAE and Saudi central banks raised interest rates, hours after US Federal reserve increased its rate, the highest in nearly 30 years

    Financial and energy sector shares dipped sharply, dragging down the Saudi Stock Exchange's main index by 2.2 percent on Sunday

  • The recovery process of the sector remains fragile and could be disrupted by the ongoing war in Ukraine, fuel price...

    The recovery process of the sector may get disrupted by the ongoing Ukraine war, fuel price rise, and other potential health threats, say experts.

    The pre-pandemic projection of 230 million arrivals by 2026 will now be reached in 2028 with an estimated expenditure of USD$225 billion, they add.

  • The second edition of Industry 4.0 and AI for Industrial Leaders that saw the participation of industry leaders in the...

    The Industry 4.0 and AI for Industrial Leaders is collaboration between Ministry of Industry and Advanced Technology and Mohamed bin Zayed University of Artificial Intelligence.

    The program provides decision makers with the necessary technical knowledge to harness the power of AI in industry by determining optimum 4IR adoption strategies.

  • President of Venezuela Nicolas Maduro, called on Qatari businessmen to invest in his country, to enjoy the benefits offered by...

    President of Venezuela Nicolas Maduro reviewed opportunities for tourism and investment cooperation

    Maduro said his government has developed plans to promote 18 vital sectors for the economy