Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

  • Middle Eastern carriers record 1.6% increase in air cargo demand: IATA

    Geneva, Switzerland -- Middle Eastern carriers reported a 1.6 percent increase for global and international demand in 2023 compared to 2022...

    In December, airlines in the region posted an 18.3 percent increase in demand for both global and international operations compared to 2022.

    Global full-year demand in 2023, measured in cargo ton-kilometers (CTKs), was down 1.9 percent compared to 2022 (-2.2 percent for international operations).

  • CBD posts record net profit of $721m

    The bank has proposed record cash dividend of 44.38 fils per share.

    Operating income was AED 4.93 billion, up 29.5 percent attributable to higher net interest income and improved fee and commission income.

    The bank proposed record cash dividend of 44.38 fils per share. It added that higher market interest rates contributed to the increase in revenue.

  • Qatar awards $6bn in contracts for Al-Shaheen oilfield expansion

    The four engineering, installation and procurement contracts will increase production at the Al-Shaheen oilfield -- the country's largest -- by...

    Al-Shaheen currently produces 300,000 barrels per day and is operated through the North Oil Company, a joint venture between QatarEnergy and France's TotalEnergies.

    QatarEnergy said the third phase of expansion at Al-Shaheen, which began production in 1994, will be implemented over five years.

  • TECOM Group net profit up 49%

    The company recorded its highest-ever revenue of AED 2.2 billion.

    The lease of industrial lands witnessed a strong demand in 2023, as the occupancy rate rose to 94 percent, compared to 81 percent in 2022.

    The company has recommended a dividend payout of AED400 million to the company's shareholders for the second half of 2023.

  • Banco Santander posts US$12bn profit

    It made record profit on the back of higher interest rates.

    The Spanish lender added five million customers last year, bringing the total to 165 million worldwide

    Lenders across Europe have reported bumper earnings after central banks worldwide hiked rates

  • Microsoft revenue surges

    The company said sales leaped to $62 billion in Q3.

    The company said sales leaped to $62 billion for the October to December period, up 18 percent year-on-year and above the $61.1 billion projected by analysts

    Revenue for Microsoft's Azure cloud services jumped by 30 percent in the period, driven by the bigger computing needs that come with the adoption of AI

  • Google says AI helped boost profits

    Alphabet reported a profit of $20.7 billion.

    Alphabet reported a profit of $20.7 billion on revenue of $86.3 billion, with strong contributions from video-sharing platform YouTube and its cloud computing unit

    Google ads brought in a total of $65.5 billion in the quarter, compared with $59 billion in the same period the prior year, according to the earnings report

  • China edges out Japan as world’s top vehicle exporter

    In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where...

    Japan's vehicle production in 2022 excluding motorcycles totalled 7.84 million units

    China's BYD this month snatched Tesla's crown for most sales of all-electric vehicles

  • DFM net profit climbs 124 percent

    Its board has proposed a cash dividend of US$76.24m.

    The upswing in profit was propelled by a significant uptick in trading activities, capital inflow and a notable influx of new investors

    The bourse consolidated its status as a premier market for IPOs, with the listing of Dubai Taxi Company and Al Ansari Financial Services

  • UAE and UK seek to boost economic cooperation

    Abu Dhabi, UAE-- Looking to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri,...

    The discussions to boost trade ties took place during a UAE delegation's visit to the UK to participate in Investopia London, to be held on January 31, 2024

    The UAE minister said the relations between the two countries serve as a prime example for advanced strategic ties and exceptional economic partnership