Business - TRENDS MENA

The Gulf emirate, whose revenues rely heavily on hydrocarbons, closed its fiscal balance with a surplus of $21 billion, the ministry...
Oil revenues for the fiscal year which started in April 2022 stood at $87 billion, a 64 percent increase from the previous year, the ministry said.
The average price of a barrel of oil over the fiscal year stood at $97.1, an increase of 21.4 percent compared to the previous year. Output was 2.7 million barrels per day.
Fujairah, UAE -- The National Bank of Fujairah (NBF) Wednesday posted 120.7 percent increase in first half net profit to...
The robust performance in Q2 2023 contributed to this growth, with NBF posting a net profit of AED 180.1 million, a 99.8 percent increase from the corresponding quarter of 2022.
The bank's operating profit for H1 2023 reached AED 785.3 million, a 28.9 percent increase from AED 609.1 million in H1 2022.
The aerospace company reported a $149 million Q2 loss.
A jump in plane deliveries boosted quarterly revenues to $19.8 billion, up 18 percent from the year-ago level and above analyst expectations.
In the second quarter, Boeing notched a 12 percent increase in commercial plane deliveries. Shares jumped 6.2 percent to $227.45 in early trading.
GENEVA, SWITZERLAND - Internet privacy company Proton announced Wednesday a new VPN Observatory, tracking demand for its services to detect attacks...
Switzerland-based Proton said its new observatory would document spikes in sign-ups to its virtual private networks.
VPNs provide a secure, encrypted connection over the internet between a user and a server, giving users greater anonymity.
Profit driven by core revenues, effective cost management.
Gross new underwriting and sukuk investments during H1 2023 reached US$12 billion compared to US$8.9 billion in H1 2022.
Total income reached to US$2.5 billion compared to US$1.6 billion, a solid expansion of 49 percent year on year.
Results due to better sales in Japan, North America.
Sales rose 37 percent to US$20.6 billion, even as tougher competition and a sluggish post-Covid recovery hurt its performance in China.
The auto giant raised its annual net profit forecast to US$2.4 billion from its previous estimate of US$2.2 billion, boosted in part by cost-cutting.
This is the bank's highest-ever half-yearly profit.
Net profit for the second quarter was AED 450.5 million, up 46.6 percent compared to Q2 2022.
Net interest income and income from Islamic products net of distribution to depositors was AED 1.6 billion.
ADCP is a JV between Mubadala and Alpha Wave Global.
AP Moller Capital focuses on, among other areas, opportunities in upper middle market infrastructure investments in sectors such as transportation and renewable energy.
This venture reinforces ADCP’s commitment to the development of the institutional financial ecosystem from its headquarters at the ADGM, the firms said in a statement.
The UAE's firm signed an agreement with Iberdrola to co-invest in the 476-megawatt Baltic Eagle offshore wind farm in the...
Masdar's CEO Mohamed Jameel Al Ramahi and Iberdrola's Executive Chairman Ignacio Galan signed the deal
For close to seven years now Masdar has revolutionized the clean energy sector in the UAE, and beyond
Dubai, UAE - L&T Construction, part of Larsen & Toubro, has secured new orders in Saudi Arabia, Malaysia, and India....
The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia
In the Sarawak region of Malaysia, L&T Construction has won an order to establish a 275kV Substation