INSEAD Day 4 - 728x90

Red Sea strait

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 Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza. The attacks are endangering a transit route that carries up to 12% of global trade, prompting the US to set up a multinational naval task force to protect Red Sea...
  • Maersk halts ships’ transit via Red Sea strait for 48 hours

    COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea strait for 48 hours, after Yemeni rebels attacked one of its merchant ships. The Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container vessel en route from Singapore to Port Suez...