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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Jahez posts profit of US$14.2m

The increase in orders led to higher delivery and operational costs for the company.
  • Jahez said the profit surge was mainly driven by a revenue jump of 60 percent to $207 million, from $129.60 million in the corresponding period last year
  • Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent

Riyadh, Saudi Arabia— Jahez, Saudi food delivery platform, has posted an 85 percent surge in profit to US$14.2 million for the first half of 2022, shored up by a boost in demand for food on its app.

The company made a profit of $14.2 million as against $7.65 million in the year-ago period, according to a stock exchange filing.

The profit surge was mainly driven by a revenue jump of 60 percent to $207 million, from $129.60 million in the corresponding period last year, Jahez said.

Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent.

The increase in orders led to higher delivery and operational costs for the company, but it managed to almost double its restaurants to 7,879, from 4,742 in June last year.