The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
The net profit increased by 831 percent year on year.The revenue for H1 2023 experienced an 81 percent growth, amounting to AED 266 million, as opposed to AED 147 million in H1 2022.
ESG's total assets surged by 93 percent in comparison to December 2022, culminating in a value of AED 2.2 billion by June end.
London, United Kingdom - Manchester City forward Riyad Mahrez has left the treble winners to join Saudi side Al-Ahli, the two...The 32-year-old Algerian winger joined Pep Guardiola's team in 2018 from Leicester, winning 11 major trophies at the club.
City agreed a fee understood to be worth up to £30 million ($38.6 million) with Al-Ahli last week.
- Profits fell on lower refining margins, natural gas prices.
Natural gas prices are down sharply from the year-ago period following a mild winter.
The comparative weakness in refinery margins reflects sluggish economic conditions.
Dubai, UAE -- A total of 3,252 real estate transactions worth over AED 10.6 billion ($2.88 billion) were conducted during...The DLD report showed that 319 plots were sold for AED 1.92 billion, while 2,137 apartments and villas were purchased for AED 5.75 billion.
The total value of mortgaged properties for the week reached AED 2.53 billion. Meanwhile, 283 properties were granted between first-degree relatives worth AED 495 million.
Firm Saudi Tourism Investment Company has been set up.The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe
- Adjusted net profit also fell down 49 percent in the second quarter.
Like its competitors, Eni benefited last year from the spike in gas and oil prices, fuelled by the economic recovery after the pandemic and Russia's invasion of Ukraine.
Eni posted a record net profit of 13.8 billion euros in 2022, its best result in more than two decades.
New customers and projects were added in H1 2023.In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.
The bank's profit in Q2 increased by 43% compared to Q2 2022.SAB’s net profit dropped by 12.2 percent from SAR 1.76 billion in Q1 2023.
H1 profit rise was mainly due to an increase in net special commission income, income from FVSI financial instruments.
- The company posted first-half revenues of $2.8 billion.
Second-quarter revenue increased by 2.5 percent quarter-on-quarter, to reach $1.4 billion, and declined on a year-on-year basis.
The company's board has endorsed a dividend of $650 million to be approved by the shareholders during the second half of the year.
- Profits in the second quarter were $1.9 bn.
Profits in the second quarter were $1.9 billion, nearly triple the year-ago level on revenues of $45 billion
Ford slowed its timeframe for ramping up EV production, pushing back the timeframe to reach 600,000 per year in 2024
