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.
  • Saudi Arabia's Center for Attribution and Liquidation, or Infath, has said that between June 7 and 15, it will be...

    The Center for Attribution and Liquidation, or Enfath, will hold these auctions between June 7 and 15 in attendance and online.

    Auctions display 117 real estate assets, including commercial, residential, and agricultural lands, villas, and commercial and residential buildings.

  • Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar...

    The company won the contract for submitting the lowest bid of 11.2 halala/KWh

    ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh

  • A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in...

    For the past two years UAE authorities have worked closely with their Danish counterparts to compile a strong body of evidence in this case

    The UAE’s commitment to collaboration is also symbolized in the general extradition treaty signed with Denmark in March 2022

  • German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system,...

    The KBA said that the recall affected cars built between 2004 and 2015, of the SUV series ML and GL and the R-Class luxury minivan

    The company said it would "start with the recall immediately" and contact the owners of the "potentially affected vehicles"

  • An outbreak of foot-and-mouth disease in the West Bank early this year has killed thousands of livestock, pushing Palestinian farmers...

    Palestinian farmers blamed the PA for halting a vaccinations program that had proven essential in protecting livestock against an endemic disease

    A new strain of foot-and-mouth disease (FMD), which causes potentially lethal fevers and blisters in young animals, was detected in livestock last November in Jordan

  • The Gulf country leads EMEA in the leverage of data, data science, and AI for the purposes of decision making...

    The UAE has established itself as a world leader in AI, having been the first nation to appoint a minister of state for AI

    Data science and AI are advancing, yet managers and non-managers in the UAE have different perceptions about data utility and AI's role

  • Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of...

    A food waste management plan has been created jointly by Dubai Airports’ and its partner BEEAH Group

    The waste treatment plan is expected to compost over 2,000 tonnes of food waste annually across Dubai International premises

  • The two countries signed deals to develop two gas pipelines and an oil field along their maritime border, Oman's energy...

    The two sides have signed memoranda of understanding concerning oil and gas, but did not provide details

    A deal was reached about two decades ago to allow Iran to supply Oman with gas, but the project never materialised

  • Saudi Arabia's benchmark index finished 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2%...

    Saudi Arabia's benchmark index finishes 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2% decline in country's biggest Islamic lender Al Rajhi Bank

    Abu Dhabi Stock Exchange witnesses a 0.5% drop in equities with the United Arab Emirates' largest lender First Abu Dhabi Bank losing 1.3%

  • Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of services

    Qatar's Labor Ministry unveils electronic services for enhancing digital transformation and automation

    The electronic services will speed up transactions and streamline procedures, says Labor Ministry