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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

A glimpse into GCC’s financial evolution

  • Driven by regulation, consolidation, and digitization, the region's financial services sector is undergoing a pivotal transformation
  • Dive into the TRENDS Explainer video to understand and navigate the evolving landscape of the banking sector across the region

DUBAI, UAE — The financial services sector within the Gulf Cooperation Council (GCC) stands at a pivotal juncture. As the winds of change blow, three major forces are shaping its trajectory: regulation, consolidation, and digitization. Each of these elements intertwines, creating a complex tapestry that institutions must decode if they are to succeed in this dynamic environment.

For those eager to grasp the nuances of this transformation, this TRENDS Explainer video offers a deep dive. Through its insightful content, viewers can gain a clearer understanding of the challenges and opportunities that lie ahead, ensuring they’re well-equipped to navigate the shifting sands of the GCC’s economic landscape.