SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

Asia-Pacific markets gain ahead of US inflation data

Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...
Economy

Company News

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Mubadala, co-investors buy Truist stake

TIH is the fifth largest insurance broker in the United States.
Business

Yanbu NPC loss $129m

The company had reported net profit of $110 million in 2022.
Business

PIF acquires 40% of Zamil Offshore

Zamil is one of the largest offshore support vessel operators.
Business

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Business

Aramex Q4 net profit doubles

The firm reported a marginal YoY decline in Q4 revenue.
  • Aramex said the revenue growth in International Express was offset by the decline in revenues from other products.
  • The company posted a 2 percent YoY growth in gross profit for Q4 2023, reaching AED 389 million and remained stable for the full year.
Business

DEWA 2023 net profit $2.15bn

The system demand for power surged to 56.5 TWh in 2023.
  • The fourth quarter revenue was AED 7.1 billion and net profit AED 1.8 billion. The full-year audited results are expected to be released in the first week of March 2024.
  • DEWA’s annual consolidated revenue increased by 7 percent, mainly driven by an increase in demand for electricity, water and cooling services.
Arts & Culture

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...
  • The 1884 "Parsonage Garden at Nuenen in Spring", worth up to six million euros ($6.8 million), was unveiled to media at a Rotterdam museum, with damage from the theft still visible
  • Wednesday's showing was just for media, but the public will be able to view the painting from March 29 in Groningen Museum, in the north of the Netherlands.