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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.

  • African migrants fuel recycling in Turkey capital Istanbul

    Afghans have joined Kurds, the Laz, Roma and other ethnic minorities and undocumented migrants in doing work others snub. For...

    Diving headfirst into dumpsters, these migrants dig up plastic bottles, glass, and other waste they then sort and sell in bulk

    This is a self-organized, unregulated business that keeps the city clean, and these impoverished people fed

  • Saudi prince ends GCC tour with Kuwait

    Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.

    The two countries agreed to boost all means of cooperation on international climate policies

    They are expected to do this by implementing the Green Middle East Initiative launched by the Saudi crown prince

  • UAE and Uzbekistan to ‘prepare government leaders’

    The UAE and Uzbekistan have joined hands to launch a four-month ''Uzbek Government Leadership Program'' to prepare a generation of...

    The new program seeks to enable the participants to identify the best skills in specialized fields, through virtual workshops and dialogue sessions

    It will further organize knowledge visits to a number of government departments

  • Qatar and ExxonMobil sign Cyprus gas deal despite Turkey opposition

    US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided...

    It is the second gas exploration contract that the consortium has signed for Block 5 in the island's Exclusive Economic Zone.

    In February 2019, the consortium discovered a huge natural gas reserve off Cyprus in Block 10, the island’s largest find to date.

  • Global Business Forum ASEAN ends, records 1,368 participants

    A total of 1,368 delegates from 58 countries – including 250 virtual participants – attended the first edition of the...

    GBF ASEAN was held 8-9 December and organized by Dubai Chamber in partnership with Expo 2020 Dubai under the theme ‘The New Frontiers’.

    The Forum is part of Dubai Chamber’s flagship Global Business Forum series, which was launched in 2013 to explore economic opportunities in Latin America and Africa.

  • Roborace, ADIO and Mubadala team up for innovation

    Abu Dhabi Investment Office (ADIO), Mubadala, and Roborace have signed a Memorandum of Understanding (MoU) to drive innovation in the...

    Roborace will review the opportunity to establish its regional HQ in Abu Dhabi

    ADIO, Mubadala and Roborace are active proponents of the 4th Industrial Revolution

  • Jahez to raise $428m through IPO

    HSBC is the financial advisor of the Saudi online food delivery startup.

    It has set the price range for its IPO on Nomu Parallel Market between SR750 and SR850 per share

    HSBC Saudi Arabia is the financial advisor, lead bookrunner, lead manager, and stabilization manager for the listing

  • Oman launches operations at 500-acre shrimp farming project

    A commercial shrimp farming project was launched at Quroom Farm in Jaalan Bani Bu Hassan, in the Governorate of South...

    Quroom Farm in Jaalan Bani Bu Hassan is is set to have a total capacity of 4,600 tons per annum by the time it is completed in 2023.

    The farm will also serve as a springboard for academics and researchers in the field of aquaculture.

  • Saudi markets rocky, Abu Dhabi index loses ground

    The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.

    Aramco's share price dropped by 9 percent, as the Saudi index fell by 0.5 percent on Thursday

    The Abu Dhabi index slipped 0.2 percent on Tuesday, down from a record high

  • Syria to host the Arab Energy Conference in 2024

    The meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), was held on Thursday...

    The meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), was held on Thursday via video

    The ministers agreed that Syria would head the Council of Ministers of OAPEC as of January 2022 until January 2023