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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.
  • United Arab Bank elects new chairman

    Sheikh Mohammed bin Faisal will now lead the bank.

    The appointment of new chairman reflects the bank's and its shareholders' pledge to be at the forefront of innovation and growth

    He has wide experience of more than 30 years in many industries, including the financial, banking, real estate, and tourism sectors

  • Shifting dietary trends boost MEA’s protein market

    Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to...

    Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to cross $2.71 billion by 2029, says a report.

    Disruptive tech leads alternative protein firms' growth, positioning the UAE as a future hub for sustainable food production, adds Data Bridge Market Research.

  • China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh

    Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...

    The new route is set to operate with an A330-200 aircraft, offering an annual capacity of 35,880 inbound seats

    Both parties anticipate increased trade, people-to-people exchanges, and dialogues across various sectors through this 'Air Silk Road' initiative

  • Cryptocurrency Ether witnesses meteoric rise since launch

    NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...

    Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.

    Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.

  • Non-Jordanian investors own 47% of ASE market value as of February 2024

    AMMAN, JORDAN – Data released by the Amman Stock Exchange reveals that non-Jordanian investors bought shares worth US$12.5 million (JD8.9...

    From the beginning of 2024 till end of February, non-Jordanian investments in the stock exchange totaled $21.8 million in purchases.

    The contribution of Arab investors in the non-Jordanian group accounted for US$11.7 million or 93.6 percent in February.

  • Doctors play key role in enhancing healthcare system

    “Emirati doctors play a key role in enhancing the healthcare system and promoting health and wellness throughout society. We look...

    UAE Minister of Health highlights the contributions of Emirati doctors on Emirati Doctor's Day.

    Abdul Rahman bin Mohammad bin Nasser Al Owais praises doctors for their dedication and excellence.

  • Aramco profit down in 2023

    The oil giant posted a 24.7% fall in net profit to US$121.25bn.

    Aramco said the decline reflects the impact of lower crude oil prices and lower volumes sold

    Saudi Arabia said last week it was extending its oil supply cuts of one million bpd through June

  • Lufthansa cabin crews to go on strike

    The announcement came after the airline's record profits.

    The strike will cover flights out of Frankfurt on Tuesday and from Munich on Wednesday, with Lufthansa's subsidiary CityLine also affected

    The latest walkout began last Thursday, with Lufthansa ground staff staging a nationwide two-day strike after a previous walkout in February

  • Ooredoo partners with Dropbox

    It will enable customers to access Dropbox's tools.

    The partnership will enable business customers across Ooredoo’s markets to access Dropbox’s fast, secure, and reliable syncing and collaboration software

    Ooredoo CEO said the partnership with Dropbox underlines the company's commitment to deliver comprehensive digital solutions for their business customers

  • GCC records surge in women’s workforce participation

    Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS...

    Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS report suggests.

    This journey from traditional roles to transformative leadership signifies a key moment in GCC's history, setting a global benchmark for gender parity and inclusivity.