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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.
  • Algeria, France hail ‘new dynamic’ in economic ties

    The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit...

    Borne and her delegation are the latest in a string of top European officials to visit Algeria.

    The two-day business forum was organized by the Algerian Chamber of Commerce and Industry and Business France, a government agency.

  • E-marketing reduce prices of poultry products by up to 20% in Saudi

    Riyadh, Saudi Arabia--Saudi Poultry Producers Committee has said that use of some applications in marketing has helped consumers obtain products...

    Saudi Poultry Producers Committee recommends farmers to benefit from modern marketing technologies.

    Saudi Ministry of Environment, Water and Agriculture recently set up a company to market Saudi agricultural products in cooperation with the Federation of Saudi Chambers.

  • Markets sink as US jobs data fan rate hike bets

    A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank...

    All three main indexes tumbled Friday following news that a net 263,000 US jobs were created in September

    With the spotlight on a consumer price index reading later in the week, policymakers continue to take a hawkish tone

  • Al Sagr to cut capital

    It has sought shareholders' nod for 65% capital reduction.

    According to a bourse filing, the Saudi insurer aims to reduce its capital from $106 million to $37.33 million.

    The company is restructuring its capital in order to write off accumulated losses of $69.33 million

  • Almarai posts profit in Q3

    The Saudi firm's net profit rose 10% to $372m.

    However, the company's stock took a dip, falling 4.15 percent to end the session at SR53.10

    The company said positive revenue growth was also witnessed across all categories after the removal of COVID-19 movement restrictions and the re-opening of educational institutions

  • Chirpy commentator enlivens Qatar’s football culture

    Khalil al-Balushi, one of Qatar's top football commentators, brings much-needed life to Qatar's subdued football culture.

    Born in Oman and based in Qatar for 16 years, Balushi says all Arab football commentators "are a little bit noisy"

    Since the 1990s, members of the royal family started pumping some of Qatar's natural gas riches into local clubs, which now vie for the best domestic players and foreign stars

  • e& forays into the metaverse

    The move marks a significant achievement for the Group

    The move marks a significant achievement in the Group’s transformation journey to a global technology and investment conglomerate

    Metaverse technology is in the early incubation stages, given that it needs high-bandwidth and low-latency communications to work at scale

  • French energy giant offers pay talks in bid to end fuel strike

    Vehicle owners have faced increasingly long waits to fill up after two weeks of strikes by workers demanding higher wages...

    It runs a network of around 3,500 filling stations in France, nearly a third of the total, and most of them are low on fuel or even empty for some types.

    Currently three of Total's refineries are blocked, including its largest, in Normandy, as well as a fuel depot near Flandres in the north.

  • Remittances from expatriates in Saudi fell 13 percent in Aug

    Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92...

    On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent, or SAR 323 million ($85.47m).

    Remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.

  • Dubai Airport Free Zone non-oil trade up 36 percent in 2021

    Dubai, UAE--- Non-oil trade of Dubai Airport Free Zone (DAFZ), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose...

    DAFZ contributed 10.7 percent to Dubai’s non-oil trade in 2021, exceeding expectations across all sectors.

    Machinery, equipment, and appliances were the main contributor to DAFZ’s trade in 2021, making up 74.6 percent of exports.