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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

  • ADNOC Distribution Q3 net profit $227m

    The EBITDA increased by 28% YoY to $303 million in the third quarter.

    ADNOC Distribution witnessed a healthy 21 percent Y-o-Y increase and a 5 percent quarter-on-quarter (Q-o-Q) growth in total fuel volumes.

    It anticipates paying a minimum of $350 million (AED1.285 billion), or 10.285 fils per share, as the second six-month dividend of 2023 in April 2024.

  • MIS net profit $7.1m in 9M 2023

    Riyadh, Saudi Arabia -- Al Moammar Information Systems Co. (MIS) recorded a net profit of SAR 26.7 million ($7.1 million) in the...

    The lower profit was attributed to an increase in impairment loss on contract assets and trade receivables during the quarter, Argaam reported.

    In Q3 2023, the company swung to a net loss of SAR 69.4 million against a net profit of SAR 25 million in Q3 2022.

  • Samsung to add real-time translation to smartphone model

    Samsung is the world's largest smartphone maker accounting for a fifth of global sales between July and September, as Apple...

    The new real-time translation feature will be incorporated into Samsung's new Galaxy flagship model, which will launch next year

    It will enable "real-time translation in audio and text as the callers are on the line", the spokesman of Samsung said

  • NEOM opens London office as base for UK and European business

    London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...

    The opening of the office is part of the NEOM’s effort to expand its international footprint

    As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe

  • Emaar 9M net profit $1.1bn

    This is due to the successful launches of new projects.

    Emaar Development’s property sales increased by 25 percent, reaching US$7.9 billion in the first nine months of 2023.

    In the first nine months of 2023 (January to September), Emaar Development reported an EBITDA of US$1.2 billion.

  • AstraZeneca Q3 profit swells

    The profits nearly doubled on solid demand for cancer treatments.

    Net profit soared almost 90 percent to $1.26 billion in the three months to the end of September compared with a year earlier

    While overall sales grew, revenue from its Covid jab Vaxzevria slumped 98 percent in the first nine months of the year compared with the same part of 2022

  • Dubai sets 75% renewable goal by 2050

    The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar...

    The Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, demonstrates Dubai's commitment to solar energy.

    The emirate is home to the Dubai Solar Institute, a world-class research center focused on solar energy technologies.

  • Al Ansari 9M profit US$105m

    The operating income of the group rose to US$234 million.

    Al Ansari received shareholders’ approval for the proposed interim dividend payment of $81 million.

    The second payment of the dividend of an equivalent amount will be disbursed in April 2024.

  • Emirates Group H1 net profit $2.7bn

    The profit was 138% higher than the $1.2 billion in H1 2022.

    Group revenue was AED67.3 billion ($18.3 billion) for the first six months of 2023-24, up 20 percent from AED56.3 billion ($15.3 billion) last year.

    Overall profit for dnata is AED709 million ($193 million), compared to the same period last year's AED236 million ($64 million).

  • Saudi Arabia’s Industrial Production Index falls 11.2% in September

    RIYADH, SAUDI ARABIA – The Kingdom of Saudi Arabia’s Industrial Production Index (IPI) fell by 11.2 percent year-on-year (YoY) in...

    The IPI measures the relative change and reflects the production quantities of materials and goods.

    Data issued by the General Authority for Statistics showed that Saudi IPI fell to 122.99 points in September.