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.
  • Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by...

    According to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum the Dubai Government owns all the shares of Salik Company.

    The Executive Council of Dubai is authorized to determine the percentage of shares that can be offered for subscription either through an IPO or private placement.

  • Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just...

    50 percent of financial services organisations manage web scraping internally

    38 percent, combine internal practices and outsourcing to third parties.

  • Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major...

    A bear market is the term used to describe the plummeting of financial markets by 20 percent or more from their most recent all-time high.

    “Your future self will thank you. The average bear market lasts less than a year and they typically rebound stronger than before," Nigel Green, CEO and founder of deVere Group,

  • Industry Development Council meeting reviews recommendations made at the first meeting, progress in implementing them and discusses the development of...

    Industry Development Council recommends launching unified platform for industrial data

    The council reviews suggestions made at first meeting, reflects on progress in implementing them

  • The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal...

    The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.

    The trade exchanges grew by 12 percent by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020.

  • The alliance will ensure home delivery in 15 minutes.

    Powered by Google Cloud, Nana Direct uses the company’s unique artificial intelligence and data warehousing solution to be well informed about business decisions

    Google said that by virtue of the collaboration it will be able to bring innovative solutions to e-commerce in the kingdom

  • An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and...

    The Silicon Valley giant suspended one of its engineers last week who argued the firm's AI system LaMDA seemed "sentient"

    AI remains a delicate topic in and outside the tech world, one that can prompt amazement but also a bit of discomfort

  • Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so...

    Experts point at many reasons for the growing chaos: a post-war mini boom has brought more people and more cars

    The research group Future of Iraq estimates that the fuel each vehicle wastes daily by idling in Baghdad traffic jams is equivalent to driving 20 kilometers

  • The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal...

    The FNC said on Twitter that the increased spending will come from the federal government's general reserves

    The UAE's revenue is expected to grow by about Dh374.9 million

  • Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as...

    The project is expected to generate 26 gigawatts of renewable energy through wind and solar, supplying power across the Pilbara

    It will also produce 1.6 million tonnes of green hydrogen each year