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.
  • More than a dozen Chinese coal power projects overseas were cancelled after a ban last year on funding such plants,...

    China is the world's biggest emitter of the greenhouse gases driving global warming

    The cancelled projects would have generated 12.8 gigawatts of electricity -- or the total power generation capacity in Singapore, the think tank added

  • The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential hostile takeover is a mechanism with a...

    To halt a takeover, the board plans to activate the pill if the Tesla CEO comes to own more than 15 percent of Twitter

    The "poison pill" was invented 40 years ago by business lawyer Martin Lipton to counteract a wave of hostile takeovers on Wall Street

  • The bank said it continued to maintain a strong liquidity.

    The bank said it recorded an increase in net impairment provisions amounting to AED 61.5 million, compared to AED 48.0 million for the previous period.

    Net income on financing and investment products increased by 11.6 percent, equivalent to an increase of AED 30.6 million.

  • The agreement was signed between, Dubai Aviation City Corporation and Dubai South Executive Chairman Khalifa Al Zaffin and Discovery Land...

    Discovery Land purchased the plot of land that will be utilized for the development of the spacious luxury golf community

    It will be built up to the highest standards and become among the top golf course communities in the region once completed

  • The MoU is expected to help the commission as well as the company to support Saudi fashion designers.

    As part of the agreement, Saudi fashion designers will benefit from the support of platforms managed by Fawaz A Alhokair and Partners Co

    The two parties will also collaborate on sustainability programs and projects, with implementation supervised by specialized teams in both parties

  • Nestle raised prices due to inflation, and signaled more hikes.

    Nestle's organic growth reached 7.6 percent in the first quarter, exceeding the forecast of analysts

    The growth excludes the effects of acquisitions or divestments to focus on a company's core operations

  • Carbon credits can be traded on legal carbon markets, such as the Emissions Trading System of the European Union. They...

    Expected to launch in Q3 2022, ACX will be established as a recognized investment exchange regulated by ADGM

    The GCC's broader plan to achieve net-zero was one of the main factors in establishing a carbon market in Abu Dhabi

  • Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high...

    Etihad Engineering has successfully completed maintenance projects over the years for airlines from all over the world.

    The company's state-of-the-art 500,000 sqm facility is located in Abu Dhabi, adjacent to Abu Dhabi International Airport.

  • Abdullah Al-Sudairy will hold the dual posts of CEO and MD.

    Al-Sudairy has served as the company’s CEO since 2007 and has a wide range of experience in the financial sector

    The Saudi-listed company said it received the Saudi central bank’s no-objection on April 21

  • Qingdao (China) and Sokhna (Egypt) among strong performers.

    The first-quarter growth was driven by Asia Pacific, Middle East, Europe and Africa, and Americas regions.

    The company said that at a consolidated level, its terminals handled 11.3 million TEU during the first quarter of 2022.