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ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

JPMorgan to launch ‘Pay With Your Face’ Shopping

JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses, the Daily Hodl reported quoting the American...

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Stolen Van Gogh returned in IKEA bag displayed again

Rotterdam, Netherlands -- A precious Vincent van Gogh painting stolen and then handed to a Dutch art sleuth in an IKEA...

TECOM Group net profit up 49%

The company recorded its highest-ever revenue of AED 2.2 billion.

DAE, Turkish Airlines ink pact

Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.

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Qatar’s IPI declines by 1.5 percent in November 2023

DOHA, QATAR – The Industrial Production index (IPI) of Qatar in November 2023 reached 91.7 points which is a fall...
  • The IPI, which is released by the Planning and Statistics Authority, is a short-term quantitative index that measures the growth of various industrial sectors in the economy.
  • The relative weight of main economic sectors under this indicator include mining (82.46 percent), manufacturing (15.85 percent), electricity (1.16 percent), water (0.53 percent).

Retail investors on Tadawul rise to 6.05 million in third quarter 2023

Riyadh, Saudi Arabia -- The number of individual investors on the Saudi Exchange (Tadawul) reached 6.05 million by the end...
  • Argaam reported that the number of male investors reached 4.48 million in Q3 2023, while the number of female investors grew to 1.58 million.
  • The number of portfolios, which is almost twice the number of investors, indicates that some investors have more than one investment portfolio.

QNB net profits up 8% in 2023

The QNB Group posted a net profit of $4.25 billion.
  • The bank said that earnings per share (EPS) amounted to QR 1.55 as of 31st December 2023 compared to QR 1.44 for the same period in 2022.
  • The bank's board has announced the distribution of a cash dividend of 65 percent of the nominal share value (QR 0.65 per share).