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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.
  • Musk clashes with Altman after accusing App Store of favoring OpenAI

    San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...

    OpenAI and xAI both released new versions of their AI assistants, ChatGPT and Grok, in the past week.

    App Store rankings listed ChatGPT as the top free iPhone app on Tuesday, with Grok in fifth place.

  • Perplexity AI offers Google $34.5 bn for Chrome browser

    San Francisco, United States -- Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which...

    The sum proposed in a letter of intent by Perplexity is nearly double the value of the startup, which was reportedly $18 billion in a recent funding round.

    Google is awaiting a US District Court judge's decision on how to address its illegal monopoly in online search.

  • Gulf tourists say Polish mountain town is a cool place

    Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range --...

    Up to seven flights fly daily from the Gulf region at nearby Krakow Airport.

    Arab customers constitute up to 30 percent of all summer guests at his five-star hotel in Zakopane.

  • China Evergrande Group says to delist from Hong Kong

    Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...

    The Hong Kong bourse's listing committee decided to cancel Evergrande's listing as it had failed to meet a July deadline to resume trading, according to an exchange filing.

    Once China's biggest real estate firm, Evergrande was worth more than $50 billion at its peak and helped propel the country's rapid economic growth in recent decades.

  • ADNOC L&S H1 net profit $420m

    The company’s revenue reached $2.43bn

    ADNOC L&S’s Q2 revenue increased by 40 percent year-on-year (YoY) to US$1.258 billion (AED 4.618 billion)

    In H1 2025, the company’s revenue was $2.439 billion (AED 8.9 billion), a 40 percent YoY increase.

  • Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber

    Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...

    Globally, there are approximately 90,904 AI companies as of 2024, which places Abu Dhabi’s AI company count as a notable concentration within the global landscape.

    Abu Dhabi Chamber has revealed that over 58 percent of all AI firms in the emirate are dedicated to innovation, research, and consultancy.

  • Nvidia, AMD to pay US 15% of AI chip sales to China: reports

    Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government...

    Investors are betting that AI will transform the global economy, and last month Nvidia became the first company ever to hit $4 trillion in market value.

    The US has been restricting which chips Nvidia can export to China on national security grounds.

  • Hospitality leaders to gather in Dubai for Commercial Strategy Conference

    Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for...

    The eighth annual conference will showcase the industry's brightest minds and future leaders.

    Attendees can fast-track professional development with pre-conference certification courses and networking.

  • Dubai records over 4,000 new-real estate activities in H1 2025

    Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the...

    Real estate brokerage services for property sales topped the list with 2,301 activities.

    This was followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector’s expanding broker network.

  • SEC H1 net profit $1.67bn

    Revenue grew by 24% to $7.38 billion.

    Revenue for Q2 grew by 24 percent to reach SAR 27.7 billion ($7.38 billion), while gross profit rose by 42 percent to SAR 7.4 billion.

    Operating profit increased by 21 percent to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22 percent year-on-year increase.