Qatar records real estate deals worth $100 million in five days
Doha, Qatar -- Qatar has recorded real estate transactions worth 378 million QR ($100 million) during the 21-25 Jan 2024...Business
Deutsche Bank to slash 3,500 jobs
The bank said it would buy back shares and pay dividends.Company News Business
Sanction partners: Iran’s top automaker eyes Russian market
Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.
"We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.
GIG H1 net profit $48.9 million
Improvement in underwriting and investment push profits up.The company said the rise in net profit was due to the improvement in the Group’s underwriting and investment performance compared to the same period last year.
The total assets for the first half of the current year reached KD 1.34 billion, compared to KD 0.8 billion, an increase of 67.3 percent.
In Dubai 305m riders use public transport in H1 2022
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly...The number of riders using public transport was 36 percent for Dubai Metro and 29 percent for taxis
March 2022 was the busiest of all months recording 62 million riders
Electronic payments overtake cash in Saudi Arabia in 2021
The Saudi Central Bank (SAMA) said a study revealed that electronic payments increased from 44 percent in 2019 to 62...The Saudi Central Bank said a study revealed that electronic payments increased from 44 percent in 2019 to 62 percent by volume in 2021
In the business sector, the share of electronic payments reached a substantial 84 percent of all payments in 2021
AD Ports Group Q2 net profit $81.67m
The year-on-year growth in net profit was 59 percent.Capex reached AED 1.6 billion, in line with the Group’s capital investment plans to spend more than AED 15 billion across all clusters over the 2022-26 period, the statement said.
Container volumes grew by 30 percent YoY while Ro-Ro and cruise passenger volumes continued their healthy recovery post COVID-19 disruptions.
NADEC records $11m profit
The jump in profit was driven by growth in sales of dairy.There was a 21 percent revenue increase due to a high growth in sales of dairy and food processing
The company had posted losses of $2.9 million in the same period last year
Aramco posts record profit of $48.4bn in Q2
Net income leapt 90% for the world's biggest oil producer, which clocked its second straight quarterly record after announcing $39.5bn...Aramco said its income rose 22.7 percent from Q1 in "strong market conditions"
The quarterly profits, the highest since Aramco's IPO in late 2019, beat analyst forecasts of $46.2 billion
Emaar H1 revenue 3.69 billion
H1 2022 EBITDA up 66 percent $1.6 billion.Q2 EBITDA up 53 percent to reach $798 million compared to $523 million in the same period of 2021.
Emaar’s international real estate operations recorded property sales of $661 million in H1 2022 and contributed revenue of AED2.068 billion ($563 million
Tadawul posts 23% fall in profit
The profit fell to $74 million in H1 in a year of record listings.It reported an 8.3 percent decline in revenue to $157 million, mainly due to the decrease in trading services and post-trade services
Higher salaries and employee-related benefits further weighed on profit during the six-month period, leading to a rise of 9.8 percent in expenses to $80 million
Jordan industries’ use 24m cubic feet gas daily in 2021
The average natural gas consumption for Jordan's industries amounted to 24 million cubic feet (CF) per day during 2021, according...Gas production from Risha Field, eastern Jordan, reached about 6,510 million cubic feet during 2021 at a daily rate of 17.8 million cubic feet
The capacity of Risha Field has been raised to about 32 million cubic feet per day, as Risha Wells 53, 51, 50 have entered production in 2021
