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Turkish Airlines profits soar
In December, the airline ordered 230 Airbus planes.
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Amanat FY 2023 revenue $195m
The company's revenue grew by 40 percent year-on-year. -
Italy’s Enel doubles net profit
Its net profit spiked to US$3.7 billion in 2023. -
Sovcomflot 2023 net profit $900m  Â
In 2023, the firm demonstrated strong financial results. -
DP World 2023 profit is $1.5bn
The company's revenue grew 6.6 percent to $18.25 billion. -
Walaa posts $39m net profit
The insurance provider had suffered a loss of $18.15m in 2022. -
Over 70% report revenue surge in UAE from digital payments, Visa finds
Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since adopting digital payments, a study conducted by Visa in the United Arab Emirates (UAE), titled 'Value of Acceptance’ has revealed. The study focused on two groups of merchants - those... -
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth. -
Burjeel Holdings net profit up
The company’s 2023 annual revenue rises to US$1.2 billion. -
Saudi Arabia transfers 8% Aramco stake to PIF-owned firms
Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Aramco is the main source of revenue for Crown Prince and Prime Minister Mohammed bin Salman's ambitious economic and social reform program... -
TECOM 2023 net profit $299m
Revenue in 2023 grew by 10 percent YoY to $599 million. -
Salik revenue soars to US$574m
Toll usage revenue rose 11.7% YoY to US$502million. -
IHC posts net profit of US$8.97bn
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent. -
Nvidia profit soars to US$12.3bn
The company's revenue spiked to US$22.1bn. -
Boursa Kuwait posts $51m net profit
Operating profit for 2023 was recorded at US$59 million. -
e& 2023 net profit is US$2.8bn
e& said the net profit is a growth of 3 percent year-over-year. -
Aamal net profit up 5.7%
Its gross profit jumped 3.1% to US$137.25m in 2023. -
NatWest profit soars 32%
The British bank's net profit jumped to US$5.5bn in 2023. -
Americana Restaurants posts profit.
The annual net profit in 2022 was US$470 million. -
QEWC 2023 net profit US$426m
QEWC market share in supply of electricity was 61 percent. -
ADNOC L&S profit spikes 138%
Its revenue jumped 41% to US$748 million in 2023. -
Saudi budget records $10 billion deficit in Q4 2023
Riyadh, Saudi Arabia - Saudi Arabia's general budget recorded a deficit of $9.86 billion in the fourth quarter of 2023, the Ministry of Finance reported. The total revenues for the period amounted to $95.45 billion, while total expenses reached about $105.32 billion. This reflects a slight increase in the deficit... -
ESG 2023 net profit at US$187m
The firm posted a year-on-year net profit rise of 316 percent. -
Emaar 2023 revenue at $7.3bn
Emaar property sales rose to US$ 11 billion in 2023. -
Shipping giant Maersk’s profit sinks
The company warned of "uncertainty" due to Houthi attacks. -
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn. -
McDonald Q4 profit up
McDonald's cited war in the Middle East as a drag. -
Shell annual profit drops to US$19.4bn
Its revenue dived almost a fifth percent to US$316.6 billion. -
Ghitha 2023 revenue at $1.2bn
Ghitha reported an operating profit of $69 million in 2023. -
ADIB records 45% jump in net profit
Its revenue climbed 36 percent to US$2.53 billion in 2023. -
P&G posts mixed quarterly results
Earnings per share dropped 12 percent to $1.40. -
China remains world’s largest logistics market in terms of demand
BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's largest logistics market in terms of demand, China Federation of Logistics and Purchasing said. According to a report from CCTV, He Liming, the chairman of the China Federation of Logistics... -
Infosys lowers revenue forecasts
Its net profit fell 7.29% Y-o-Y in the three months to December. -
Baidu cancels YY Live deal
The deal was originally expected to be completed by 2021. -
Huawei says expects higher revenue
The company is leading equipment manufacturer for 5G. -
KPMG’s global revenue touches $36bn
The company has outlined a collective investment of $4.2b. -
GCC media outlets think outside the box to stay afloat
Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content. -
GCC media outlets think outside the box to stay afloat
Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content. -
Oman’s revenues drop by 17 percent in nine months of 2023
Muscat, Oman -- Oman's revenues for the nine-month period of 2023 declined 17 percent to 9.8 billion riyals ($25.45 billion), compared to 11.86 billion riyals for the same period in 2022. The financial performance bulletin issued by the Omani Ministry of Finance today indicated that the net oil revenues until... -
Beltone 9M net profit at $2.7m
In 9M, the firm's restructuring led to a turnaround. -
Tax havens only half the story, says OECD
Paris, France - Tax havens are blamed for lower public revenues elsewhere as they lure away multinational firms but a study published on Tuesday showed that tax breaks in high-rate countries are also heavily exploited. Half the profits booked by multinationals benefiting from low tax rates were from countries that have... -
Siemens posts record profit
Its shares rose over 6 percent on the Frankfurt Stock Exchange. -
ADNIC reports $82m profit
This marks 16% increase compared to the same period last year. -
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million. -
DEWA Q3 revenue soars
The company posted an operating profit of US$1bn. -
DEWA Q3 2023 revenue $2.5bn
The revenue was driven by demand for electricity, water. -
Zain posts highest-ever quarterly revenue
Tower infrastructure sale among factors responsible for the performance. -
SEC reports $1.55bn Q3 profit
The company attributes the growth to surge in demand. -
Yahsat net profit up
Its revenue stood at US$323m in the first nine months of 2023. -
Agthia Group revenue soars
It posted an 11% jump in net revenue to US$890 million. -
Americana Restaurants reports $1,897m revenue
The company's adjusted EBITDA reaching $446.5 million.