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 bank said it was the highest quarterly profit since 2019.

    The bank said the total income was up 3 percent year on year to AED 6.4 billion on improved loan mix and cheaper deposits.

    The bank’s total assets rose 1 percent to AED 694 billion despite the Turkish Lira depreciation, it said.

  • Italy is ethically obliged to stop buying Russian gas "soon" as the payments are funding the Ukraine war, the country's...

    "We are diversifying our sources with great speed," he said

    Cingolani predicted the country would no longer need Russian gas within 18 months

  • The UAE and South Korea have signed an agreement to boost ties between the two countries to develop entrepreneurship and...

    Under the terms of the MoU, the two parties will jointly design flexible partnership program during the next phase

    They will also cooperate in exchanging knowledge regarding the development of program, policies and legislation related to the entrepreneurship sector in the two countries

  • The holiday will last till the third day of the month of Shawwal, which is yet to be declared.

    The holidays will begin on Tuesday, the 29th day of Ramadan

    That date corresponds to April 30 on the Gregorian calendar

  • The company has chosen MAN Energy Solutions to provide 25 sets of biofuel generators for the sustainable tourism destination.

    The Red Sea destination will apparently use solar energy stations that include storage batteries with the system of MAN GenSets

    These generators will reportedly have engines that will let them use the climate-neutral B100 biofuel

  • Oil began inching upward on Thursday after a day of losses over demand concerns linked to the Covid-19 lockdown in...

    The United States has said it will release a substantial portion of its oil reserves to cushion the shortfall

    "Oil is still trading mixed after Tuesday's sharp pullback but is opening in Asia near the midpoint of yesterday's trading range," Stephen Innes of SPI Asset Management said

  • Earlier this month, Elon Musk made an unsolicited bid of $43 million for Twitter, citing better freedom of speech as...

    Moody's estimated it would cost Musk $39 billion to buy all the outstanding shares of Twitter

    That would give Twitter ‘a strong chance’ to repay or refinance its billions of dollars of existing debt

  • Tesla shares rose 5% to $1,026.99 in after-hours trading.

    Elon Musk's high-flying electric vehicle company notched a new record in quarterly profits of $3.3 billion

    This follows the unveiling of factories in Germany and the US state of Texas that have begun commercial deliveries

  • The uplift in overall performance was primarily driven by beachfront and luxury developments.

    The uplift in overall performance was primarily driven by beachfront and luxury developments

    The office market continued to perform well as rents in well-managed quality buildings rose

  • Senior Public Prosecutor Leif Gorts confirmed that the investigation had been launched following reports of potential corruption between 2011 and...

    Senior Public Prosecutor Leif Gorts confirmed that the investigation had been launched following reports of potential corruption between 2011 and 2019

    Ericsson has already agreed to pay $1 billion in penalties to US authorities to close corruption cases in Djibouti, China, Vietnam, Indonesia and Kuwait in 2019