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BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

Iraq arrests 2 generals on suspicion of bribery at key port

    • Both men worked at the Gulf port of Umm Qasr, a key entry point for foodstuffs, medicines

    • Waiving customs duties, cost Iraq $6.3 billion a year in lost revenues

    Iraq announced Saturday it has arrested two generals on suspicion of taking bribes to waive customs duties, a practice estimated to cost the state $6.3 billion a year in lost revenues.

    Both men worked at the Gulf port of Umm Qasr, a key entry point for imports of foodstuffs and medicines which is reputed to be the most corrupt in Iraq.

    The sums allegedly found in their position were tiny given the scale of corruption in Iraq, which is estimated to have cost the country hundreds of billions of dollars since the US-led invasion of 2003.

    “$1,000 were found in the office of the general in charge of Umm Qasr North,, while the other general had hidden $2,100 in a waste basket in his office,” a source in the state anti-corruption body, the Commission for Integrity, told AFP.

    “These were bribes intended to facilitate the smooth passage of cargos,” the source said.

    In Iraq, every port and border crossing has its corrupt placemen appointed by political parties or armed groups, who ensure a steady flow of illicit revenues to their patrons.

    In Umm Qasr, it is mainly pro-Iranian armed groups who dominate through their nominees in the customs department and the security forces, officials say.