Its net profit for October-December rose to US$1.6bn.
In 2024, it expects sales to grow at a "mid-single-digit rate".
ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.ADNOC Distribution said it will acquire a 50 percent stake in TotalEnergies Egypt for about US$186 million
The acquisition will also see the refurbishment of several service stations to full ADNOC branding
Rising oil, gas prices are yielding bumper profits across the sector.TotalEnergies profit amounted to $5.8 billion in the period from April to June.
TotalEnergies second-quarter sales were up 37 percent at 74.8 billion euros.
The profits rose despite 60 percent hike in fuel costs.Etihad carried 4.02 million passengers in H1 2022, over 3 million more than last year (H1 2021: 980,000), with an average seat load factor of 75 percent.
Passenger loads increased consistently over the first six months, rising by 21.9 percentage points as travel demand recovered.
Financial sanctions covers banks’ failures to achieve appropriate compliance regarding required due diligence and reporting procedures and standards. All banks...CBUAE implemented certain provisions of Common Reporting Standard (CRS) for the sanctions.
Banks were sanctioned after failing to comply with due diligence and set standards and procedures.
The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6...The International Monetary Fund in its World Economic Outlook, 2022 says the Saudi economy will register a 7.6 percent growth rate this year
Saudi Arabia's expected growth, as per IMF, would be the highest among advanced, emerging market and developing economies
The projects will strengthen F&B cluster in Jebel Ali.The new integrated quayside facilities will enhance year-round availability and production of essential grains and pulses, DP World said.
The concessions with Adroit Canada and Al Amir Foods in the Jebel Ali Port will ensure a reliable, consistent, and safe agricultural value chain within the region, it added.
Net profit equates to a healthy 91% of revenue for the period.Net profit equates to a healthy 91 percent of revenue for the period with investment and other income of AED 300 million helping to drive profitability
The Group continues to benefit from a strong liquidity position, with AED 3.24 billion in cash and bank balances and negligible debt
The company earned a profit of US$37,302,472 in HI 2021.The EPS amounted to QR 0.047 as of June 30, 2022, versus an EPS of QR 0.038 for the same period in 2021
United Development Company was established in 1999 and has an authorized capital of QR 3.5 billion
- Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles...
Meta however reported an increase in daily Facebook users to 1.97 billion, defying analysts' predictions of a drop
Meta is focused on building its metaverse vision for the internet's future, betting heavily on the interactive virtual world
