Rolls-Royce back into profit
The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.Company News Business
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
Jordan, Morocco to launch hospitality training facility
A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership...The Moroccan ambassador stressed on Jordan's pivotal role in joint Arab efforts and regional issues.
The envoy stressed on the partnerships between Jordan and Morocco in tourism, agriculture, renewable energy
President invites Swiss President to visit the UAE
President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan...The UAE is keen on strengthening bilateral relations with Switzerland
Sheikh Abdullah has delivered the written message of the UAE President to the Swiss President
DEWA smart services receive wide praise from customers
Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption...The customers praised DEWA’s efforts to provide all means to promote a culture of sustainability and raise awareness about protection of natural resources
They lauded the company's digital channels, including DEWA’s website and smart app, that help them to complete their transactions easily and smoothly
Qatar World Cup will be most luxurious yet, says hospitality firm boss
Jaime Byrom, who has sold millions of hotel rooms over 10 World Cups, said wealthy supporters will be flocking to...Jaime Byrom, who has sold millions of hotel rooms over 10 World Cups, said wealthy supporters will be flocking to the tiny Gulf state from around the globe
Packages range from $700 for a top ticket with a slap-up meal, to bills of a million dollars-plus for big groups staying in top hotels and watching several matches
