Business - TRENDS MENA

Aramco's 25% participation in Port Arthur LNG Phase 2 aims to expand its gas portfolio and meet the world's growing...

Worsening the financial situation for Alphabet is the fact that Google tends not to aggressively promote advertising on its platform...
Alphabet said it made a profit of $14 billion in the third quarter on ad revenue that grew just 6 percent to $69 billion when compared with the same period of last year
Alphabet recruited throughout the pandemic, but announced a slowdown in hiring as ad revenue growth cooled this year
The firm's total VLCC fleet value is now $245 million.
VLCC Acrux (previously Elandra Everest) is the name of the third VLCC vessel Al Seer Marine has taken delivery of in October 2022.
In addition to the three VLCCs, Al Seer Marine recently acquired two liquefied petroleum gas (LPG) tankers valued at US$70 million.
ABU DHABI, UAE - In the UAE the revenues at the federal level increased by 26 percent from US$100 billion...
Social contributions in the UAE also rose from US$3.5 billion (AED12.9 billion) in 2020 to $3.6 billion (AED13.5 billion) in 2021.
The value of other revenues increased by 24 percent from $55.4 billion in 2020 to $68.5 billion in 2021.
On a third-quarter basis, DP World handled 20.1 million TEU.
The third-quarter gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia.
Jebel Ali (UAE) handled 3.5 million TEU in Q3, up 2 percent year-on-year.
The year-on-year growth in net profit was 53% for the first nine months of 2022.
Revenue for the first nine months of 2022 improved 10 percent to AED4,516 million compared to AED4,093 million last year.
This was driven by a 22 percent increase in fees and commissions and a 10 percent growth in funded income to AED2,802 million.
US automaker was bolstered by strong vehicle pricing.
Revenues jumped 56 percent to $41.9 billion, a quarterly record.
GM Chief Financial Officer Paul Jacobson acknowledged rising worries about the drag from inflation on economic growth.
Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...
Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh
Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy
The bank income in Q3 fell by 10 percent to $8.2billion.
The energy crisis had affected their retail and small business clients in Switzerland.
The CEO of UBS said clients are concerned about high inflation, elevated energy prices and the war in Ukraine,
ALC is one of the largest meat producers in Australia.
The acquisition was done through Minerva Foods Australia, a joint venture established last year between SALIC and Minerva in Australia.
ALC operates two processing facilities in Victoria State, with a capacity to process up to 3.78 million heads annually.
SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...
GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.
The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.