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Company News, Business

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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.

Oman & Emirates Co. Q3 net profit $5.6m

Oman & Emirates Investment Holding Company is based in Muscat. (AFP)
By TRENDS Desk
October 13, 2022 7:32 pm
  • Oman & Emirates Investment Holding Company was established through the Royal Decree in 1993, as an joint venture between Oman and UAE.
  •  O&E is registered as an Omani Joint Stock Company traded in Muscat, Abu Dhabi and Dubai Securities Markets.

Muscat, Oman— Muscat-based Oman & Emirates Investment Holding Company has posted a net profit of 2.16 million Omani Riyals ($5.6 million) for the third quarter of 2022.

The profit for the same period in 2021 was 538,832 OR, the company said in a bourse filing.

Oman & Emirates Investment Holding Company was established through the Royal Decree in 1993, as an joint venture between Governments of the Sultanate of Oman and the United Arab Emirates.

O&E is registered as an Omani Joint Stock Company traded in Muscat, Abu Dhabi and Dubai Securities Markets. It operates within the diversified financials sector focusing on Multi-Sector Holdings.

The Company and its branch in the United Arab Emirates enjoy the treatment extended to the companies which are fully owned by Nationals, Omani or Emirati.

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