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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Industries Qatar H1 profit up 57%

Industries Qatar saw net profit jump 57 percent for the first half of 2022.
  • The company’s year-on-year net profit jumped to $1.5 billion
  • Earnings per share amounted to $0.24 in the first half of the year

Industries Qatar announced Sunday its earnings for the first half of the year ending on June 30, which saw net profit jump 57 percent year-over-year from QR 3.5 billion ($0.94 billion) to QR 5.4 billion ($1.5 billion).

Earnings per share amounted to QR 0.90 ($0.24) in the first half of the year, compared to QR 0.57 ($0.15) for the same period in 2021.