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.
  • Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics...

    The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan

    The digitalization of the utilities sector will be delved deeper into at the conclave, with a dedicated strategic panel on Digital Transformation and Technological Innovations

  • Current President Guillermo Lasso has plans to double Ecuador's oil production in spite of opposition from indigenous communities and environmentalists.

    Extraction of 3,600 barrels per day started in the Ishpingo oil field, one of the three oil fields containing more than 40 percent of country's crude.

    The three fields together hold over 1 billion of former OPEC member Ecuador's 4 billion barrels of proven oil reserves.

  • The German auto giant said operating profit rose to $9.3bn.

    The group's operating profit rose to 8.5 billion euros ($9.3 billion) over the first three months of the year

    The boost was down to strong "operating performance" and a positive effect of 3.5 billion euros

  • Ajman Free Zone (AFZ) announced today that it has become an AWS Activate Provider. Startups affiliated with the AFZ, which...

    The AWS Startup Activate program offers grants up to $25,000 to qualified startups, as well as offers of exclusive credits, discounts, and software service access.

    Qualified startups can obtain credits and partner funding, along with a business support plan credits of up to $5,000, through the AWS Startup Migrate program.

  • Tesla chief offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated April...

    Musk's latest move towards Twitter comes just days after he turned down a seat on the board following his acquisition of a 9.2 percent stake in the microblogging platform.

    Musk, Twitter's biggest shareholder, said his "offer is my best and final offer" and he would reconsider his position as a shareholder if it was rejected.

  • Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming...

    Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations.

    Lune Platform features an intuitive and easy-to-use control dashboard, designed to give users a comprehensive view of their customers’ financial accounts.

  • The study calls for the stability of the business environment by reforming relevant laws.

    The study calls for the stability of the business environment by reforming relevant laws

    The regulatory quality index outperforms all other factors in attracting investment

  • France says Amazon’s seller contracts have ‘unbalanced’ clauses.

    French authorities on Wednesday slapped a €90,000-per-day ($98,000) fine on Amazon

    It would continue until Amazon removes abusive clauses in its contracts with businesses

  • Company workers had gathered Sunday to urge the state to save the factory, local media said.

    The "largest producer of off-road tires in Iran" has been closed due to "financial problems and difficulties in the supply of raw materials"

    An American-Iranian company, Kian Tire was established in 1958 was popular for making "military vehicles and large trucks" in Iran

  • It has said a shot for multiple variants is coming by 2022-end.

    Chairman Albert Bourla said Pfizer was also working on a vaccine that could provide good protection for a whole year

    This means people would come back annually for boosters, as with influenza shots currently given out in the US