RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
The two companies have signed a three-year partnership.
DEWA's net profit in H1 2022 is US$898 millionIn H1 2022, DEWA's revenue is US$3.3 billion (AED12.08 billion), and net profit is US$898 million (AED3.30 billion).
DEWA's first half revenue increase of 15 percent to $3.3 b (AED12.08 b) was mainly driven by an increase in demand.
The 50 percent stake was acquired for $490m.Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the Construction, Energy and Aviation industries.
The acquisition comes four months after its AED7.3 billion investment in Indian conglomerate Adani Group- green energy-owned companies.
Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company "Muqassa", a subsidiary of...The two sides signed a Memorandum of Cooperation that also stresses knowledge sharing.
Under the agreement, the two sides also agreed to organize training and events.
Savola wants to focus on core food and retail businesses.The company said it wants to focus on investing in its main operations in the food and retail sectors, while ending investments in non-core businesses
Knowledge Economic City’s shares ended Wednesday’s trading session 6.12 percent higher at SR14.56
The company sustains a very healthy liquidity profile.On a group level, GP margins remained stable over six-month period, driven by accelerated growth in the Logistics and Freight-Forwarding business
Aramex's strong balance sheet will support the company's growth strategy, including investments in digital and technological infrastructure
The better results were driven by high hydrocarbon prices.The company said that its profitability was driven by elevated hydrocarbon prices, in addition to the company's commitment to maintaining a low-cost base in Kurdistan
The company's board expects to maintain its semi-annual dividend payment in keeping with its dividend policy
- The Saudi firm says weapons business fueled growth.
The firm has made it to the list of the 100 largest defense companies for the year 2022
The kingdom has been consolidating companies within SAMI to achieve a 50 percent technology transfer target
The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year...The overall number of subscribers to Disney streaming services topped those of Netflix for the first time
Disney shares were up more than 6 percent in after-market trades that followed release of the earnings figures
The Saudi Egyptian company bought stakes worth $1.3bn.The SEIC will own shares in Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., Alexandria Container and Cargo Handling Co.
The companies operate in sectors such as fintech, logistics, and fertilizer
- The two former ministers Ali Hassan Khalil and Ghazi Zeaiter had been summoned for interrogation by the judge investigating the...
The blast killed more than 200 people, wounded thousands and damaged vast areas of capital
Lebanon marked two years on Thursday since the massive port explosion
