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TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

  • EDB, Jetro ink investment deal

    The agreement will promote direct investment in various fields.

    This agreement will highlight Bahrain as an investment hub for Japanese companies

    Bahrain recently ranked first for availability of advanced computer programming talent in ICT

  • Al Tamouh, Al Qudra merger okayed

    International Holding Company has formally agreed to the merger.

    The Board of Directors of Al Qudra Holdings has also approved a new foreign ownership limit of 30 percent of outstanding shares

    Previously, only UAE nationals were permitted to own shares in the company

  • REVEALED: Billions of dollars missing from BDL

    About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...

    Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals

    The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds

  • Israel weathers criticism to host Miss Universe finale

    Women from 80 countries vied for the Miss Universe crown in the Israeli city of Eilat on Sunday, with several...

    The 70th edition of the annual pageant, being held in Israel for the first time, has also faced complications from the coronavirus pandemic

    South Africa's Ministry of Sports, Culture and Arts had urged its contestant to stay away from Eilat, citing "atrocities committed by Israel against Palestinians"

  • Saudi Port launches transshipment service linking Dammam with many ports

    MAWANI also aims to attract a major share of the global transshipment operations to Saudi ports by implementing several projects...

    The service is launched in partnership with Saudi Global Ports Co and the international shipping line Orient Overseas Container Line.

    The Saudi Ports Authority seeks to raise the Kingdom's share in the transshipment market from the present 21 percent to 50 percent by 2030.

  • UAE and Mauritius stress boosting economic, commercial relations

    The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting...

    Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Renganaden Padayachy, Mauritius Minister of Finance at its Dubai headquarters.

    The meeting took place on the sidelines of the Mauritian delegation’s visit to Expo 2020 Dubai.

  • Al Arabia of KSA sets up a joint stock firm in Egypt

    Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media...

    The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt

    The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt

  • UAE and Russia foreign trade reaches $4 billion in 2021

    The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of...

    In 2020, the trade between the two countries amounted to $3.3 billion, said Sergey Cherimin, Minister of the Government of Moscow.

    Russian companies have opened offices in the UAE, and today there are more than 4,000 of them, the minister said.

  • SEDCO of Saudi Arabia to hike REIT fund by $187m

    SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset...

    The offering period will run for five days until Dec. 16, the company said in a statement

    SEDCO Capital wants to increase the total asset value of the fund, as well as raise additional equity up to SR575 million

  • Reasons behind shortening UAE’s workweek

    This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...

    The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday

    The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules