INSEAD Day 4 - 728x90

Texas

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.
  • Washington, United States - Nearly 12 years after Malaysia Airlines flight MH370 vanished with 239 people on board, the search for answers to one of aviation's most haunting riddles resumed Tuesday in the remote southern Indian Ocean. Armed with cutting-edge deep-sea robots and smarter data, US investigators are scouring the...
  • Tesla expected to launch long-discussed robotaxi service, will use Model Y

    New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that Elon Musk's backers believe could lead to the company's next growth wave. The launch -- which comes as Musk refocuses on his business ventures following a controversial stint in Donald...
  • ByteDance’s dilemma: Defending TikTok’s ‘secret sauce’ from US interference

    Seoul, South Korea - As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app -- and its 'secret sauce' algorithm -- will be clear: Hands off. Under new legislation that passed the House of Representatives...
  • Chevron to acquire Hess

    Chevron last year posted a record profit of $35.5 billion.
  • Two UAE astronauts conduct spacewalk training at NASA’s neutral buoyancy lab

    Houston, United States - As part of NASA’s 2021 astronaut candidate class training programme, Emirati astronauts Nora Al Matrooshi and Mohammad Al Mulla conducted spacewalk training at NASA's Neutral Buoyancy Laboratory (NBL) at the Johnson Space Centre in Houston, Texas. Following the recent series of demanding exercises including survival training...
  • Pokemon hooks kids, parents and investors

    YOKOHAMA, JAPAN - Dressed up and ready for battle, around 10,000 Pokemon fans have descended here this weekend, looking for fun but also collector's item cards potentially worth serious money. Since the launch of Pokemon cards in 1996 following the hit computer game of the same name - meaning "pocket monsters"...
  • US to invest $1.2 bn on facilities to pull carbon from air

    The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per year, equivalent in total to the annual emissions of 445,000 gas-powered cars. It is "the world's largest investment in engineered carbon removal in history," the Energy Department said in a...
  • Volkswagen to test self-driving cars

    Commercial launch of self-driving vehicles is planned for 2026.
  • UAE delegation explores investment opportunities in US

    “The United States is a long-standing trade and investment partner for the UAE – and an important ally in the battle to develop alternative sources of energy,” said Al Zeyoudi, UAE's Minister of State for Foreign Trade.
  • QatarEnergy, Chevron Phillips to build US$8.5bn Texas plastic plant

    Doha, Qatar—  QatarEnergy and Chevron Phillips Chemical (CPChem) have announced they have reached a final investment decision to build an $8.5 billion polymers facility in Texas. Located about 180 kilometers east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum,...
  • War and energy crisis push US LNG industry to expand

    US suppliers have exported 1,574 billion cubic feet (44.6 billion cubic meters) of LNG to Europe so far in 2022, a sharp rise from the 917 billion cubic feet (26 billion cubic meters) in 2020, according to the Center for Liquefied Natural Gas, a Washington-based trade group that represents the...
  • GFH acquires housing portfolio

    The acquisition is in partnership with GFH subsidiary Student Quarters.
  • Israel PM ‘relieved’ after US synagogue hostage situation resolved

    Israel’s Prime Minister Naftali Bennett took to Twitter on Sunday, January 16, to say he was “relieved and thankful” that the hostage situation at a synagogue in the state of Texas in the US had been resolved without any harm to those held at gunpoint.
  • Samsung to build $17 billion microchip plant in Texas

    Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries. "Welcome to Texas, Samsung!' tweeted Texas' Republican governor Greg Abbott, who called the planned factory "the largest foreign direct investment in...
  • Qatar First Bank acquires office building in US

    Fourteen555 is QFB’s eighth shariah-compliant real estate acquisition in the USA.