Q2 net profit fell by 18% to $637 million.
- Bulk of funds to go into a Virginia manufacturing center.
Beijing, China - China and Saudi Arabia signed over 60 MoUs and agreements worth over $25 billion at the investment...Over 60 MoUs and agreements worth over $25 billion were signed at the China-Saudi Investment Conference
Agreements were signed in key sectors including energy, agriculture, tourism, mining, financial services, etc
Dubai, UAE--Nasdaq Dubai has welcomed the first Sukuk listing by the Republic of the Philippines, "ROP Sukuk Trust", underscoring the...By listing sukuk on Nasdaq Dubai, the Philippines government intends to deepen its partnership with the GCC region
The emirate of Dubai is recognised as one of the world's largest centres for sukuk issuances, with a total of US$87.61 billion
The drugmaker will complete its US$43bn buyout this week.Pfizer Chief Executive Albert Bourla said the buyout of Seagen is "good for patients in the battle against cancer"
Based in Washington state, Seagen came to major drugmakers' attention with its work on antibody-drug conjugates
Dubai, UAE--Expo City Dubai and Universal Materials Incubator (UMI), a Japanese venture capital firm, have teamed up to identify and...With the signing of the agreement, the two sides consolidated their partnership in innovation, economic growth and sustainable development
By joining forces, they will facilitate and host networking events, workshops and specialised training programmes to help startups scale and grow
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...Along with the CBUAE, Barclays Bank joined the AFAQ system, becoming the first financial institution operating in the UAE to achieve this step and begin using the system’s services
To date, the Central Bank of Bahrain, the Saudi Central Bank, and the Central Bank of Kuwait have joined "AFAQ", in addition to a number of commercial banks from these countries
DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.
The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.
Gas & Oil is one of the largest retail and storage firms in Pakistan.This is Aramco's first entry into the Pakistani fuels retail market, advancing the company’s strategy to strengthen its downstream value chain internationally, the company said.
This transaction would enable Aramco to secure additional outlets for its refined products and further provide new market opportunities for Valvoline-branded lubricants
- The partnership will utilize low-cost indoor farming solution.
The facility will be co-located within livestock farms to localize animal feed in Al Ain, UAE.
The facility will be using 95 percent less water per kilogram versus traditional farming means.
The dividend of $1.27 billion is payable on Mar 4, 2024.SABIC has announced full-year dividend of SAR 10.2 billion or 34 percent (SAR 3.4 a share) of its current capital of SAR 30 billion.
The company had posted a net loss of SAR 1.04 billion ($277 million) in the first nine months of 2023, against a net profit of SAR 16.24 billion a year earlier.
The IPO witnesses demand of over AED 265bn ($72.15bn).The offering will generate gross proceeds of AED 3.62 billion for the company. On listing, the company’s market capitalization is expected to reach AED 36.2 billion.
Listing and trading commencement of PureHealth’s shares on ADX are expected to take place on 20 December 2023.
