FAB issues first Sukuk globally in 2024
ABU DHABI, UAE - First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps,...Business Banking & Finance Markets
Agthia Group revenue up 49 percent
The company posted a net profit of $58.81 million in 2021.The growth in revenues was attributed to strong growth in the Protein and Snacking segments.
The Consumer-Business contribution to Agthia's top-line almost doubled versus last year, reflecting the positive growth.
Turkey eyes cooperation in agriculture sector with Iraq, says minister
Turkey wants joint cooperation with Iraq regarding the exchange of products, its Minister of Agriculture and Forestry Bekir Pakdemirli said....Tuekey suffers from lack of water, climate change and migration for several reasons, including wars and clashes
Turkish minister discussed with the Iraqi Minister of Agriculture, cooperation in the agricultural field
Saudi fund signs debt deferral MoU with Cameroon
The debt deferral agreement has been signed in line with the G20 initiative of 2020 led by Saudi Arabia which...Saudi Fund for Development has signed agreement to postpone the debt owed for development projects in Cameroon
The agreement signed between two party reschedules debt on Cameroon over a period of 6 years
Milaha 2021 profit $199m
The company's profit in 2020 was $16.20 million.The Board of Directors decided to recommend to the General Assembly to distribute a 30 percent cash dividend of the par value of a share.
It is equivalent to QAR 0.30 per share, representing a payout ratio of 47 percent of 2021 net profit.
Dana Gas posts $317m profit
The company's revenue rose 30 percent to $452 million in 2021.The company revealed the profit in Preliminary Unaudited Financial Results for the full year ended 31st December 2021
Revenue increased 30 percent to $452 million in 2021 compared to $349 million in 2020 due to higher oil prices
UAE and Spain to collaborate in 4IR, industry, aerospace
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a...The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) sign an MoU.
Other areas of collaboration include automotive, health and life sciences and standards and regulations.
France’s TotalEnergies signs $27bn oil, gas, solar deal in Iraq
French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the...Oil minister Ihsan Ismail said this is the largest investment in Iraq by a western company.
Despite being the number two producer in the OPEC, Iraq is experiencing an acute energy crisis and chronic blackouts that fuel social discontent.
CBD net profit $394
The bank's assets reach a record AED114 billion: CEOThe CEO attributed the net profit to improved net interest income, stable non-funded income and lower expected credit losses.
Operating income for the full year of 2021 amounted to AED3.18 billion, an increase of 6.9 percent, attributable to higher Net Interest Income.
JBA head, Tunisian envoy discuss enhancing joint economic cooperation
According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange.According to a JBA statement it has helped promote joint investments and increase the volume of Jordan-Tunisia trade exchange
The two sides discussed joint cooperation in the sectors of garment, textiles, banking, contracting, traditional industries, transport, shipping, and pharmaceutical industries.
Disney+ shines amid streaming TV competition
Disney saw streaming subscriptions pick up pace as pandemic restrictions ease, while Netflix saw them slow.Disney+ saw its big studio muscle help it reach 129.8 million subscribers worldwide, some 5 million more than predicted
Netflix ended the year with 221.8 million subscribers, a massive number, but it announced slowing growth
