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.
  • Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...

    Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable

    Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad

  • Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...

    Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange

    Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes

  • The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...

    The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL

    The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors

  • Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at...

    Sales of machinery and equipment were the biggest contributors to the total

    Vinsak and Heidelberg were the other exhibitors that confirmed making substantial sales

  • The Italian pharma giant is looking at expansion in MENA.

    Specializing in pharma research and production, consumer healthcare, oncology and diagnostics, the move is part of the group’s planned expansion into the Middle East and Africa

    The CEO of Menarini said the company could contribute to the country's 'visionary strategy'

  • The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the...

    The US exports to the UAE touched $16.7 billion last year

    Sebright said that the Business Council has been promoting the partnerships between the US and the UAE in space since day one of the UAE’s nascent space exploration program

  • Wall Street stocks rallied Friday following signs of moderating inflation, finishing with weekly gains for the first time in about...

    The Dow Jones Industrial Average climbed 1.8 percent, or about 575 points, to 33,212.96, a weekly increase of 6.2 percent

    Friday's gains extend a rally that began Wednesday, reversing the battering stocks have encountered most of the year

  • The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting...

    The minister added that the UAE's exports grew around 18 percent YoY to AED91 billion by end of Q1-22, noting that exports have doubled over the past five years

    Dr. Al Zeyoudi explained that the UAE's non-oil imports grew 25 percent during Q1-22 to AED292 billion, with re-exports hitting AED144 billion

  • The firm was established by ADQ and Chimera Investment.

    Trading follows the conclusion of ADC's public subscription to retail and professional investors

    The listing of ADC offers target businesses the opportunity to access capital in Abu Dhabi's capital markets

  • Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during...

    Dubai Land Department said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion.

    The total value of mortgaged properties for the week reached AED2.02 billion and 89 properties were granted between first-degree relatives worth AED413 million.