INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

  • Revenue accelerated 25 percent to US$877 million.

    Losses after tax dropped to £142.6 million ($184 million) in the six months to the end of June

    During the same period last year, the firm suffered a net loss of £290 million ($374.75m)

  • RIYADH, SAUDI ARABIA - The  Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...

    As per the industry report, container volumes across the Kingdom’s ports during 2022 were estimated at 10,439,620 TEUs.

    The Kingdom’s groundbreaking strides in the global logistics landscape boils down to a host of critical catalysts,

  • Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry...

    More than 92 percent of revenues came from oil after prices surged following last year's Russian invasion of Ukraine.

    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 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.