Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding
  • The oil giant posted a 24.7% fall in net profit to US$121.25bn.

    Aramco said the decline reflects the impact of lower crude oil prices and lower volumes sold

    Saudi Arabia said last week it was extending its oil supply cuts of one million bpd through June

  • The announcement came after the airline's record profits.

    The strike will cover flights out of Frankfurt on Tuesday and from Munich on Wednesday, with Lufthansa's subsidiary CityLine also affected

    The latest walkout began last Thursday, with Lufthansa ground staff staging a nationwide two-day strike after a previous walkout in February

  • It will enable customers to access Dropbox's tools.

    The partnership will enable business customers across Ooredoo’s markets to access Dropbox’s fast, secure, and reliable syncing and collaboration software

    Ooredoo CEO said the partnership with Dropbox underlines the company's commitment to deliver comprehensive digital solutions for their business customers

  • Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS...

    Driven by resilience, legislation, and determination, the female populace is reshaping the socio-economic fabric of the Gulf countries, a TRENDS report suggests.

    This journey from traditional roles to transformative leadership signifies a key moment in GCC's history, setting a global benchmark for gender parity and inclusivity.

  • AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...

    During the first two months of 2024, India, the US, Saudi Arabia and Iraq accounted for the majority of ACI’s exports.

    The chamber's exports to the US surged during the first two months of 2024 to about US$297 million compared to US$275 million.

  • Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...

    The achievement follows an extensive marketing campaign by Doha Bank's management, engaging with investors globally to present the bank's objectives and performance overview

    The positive response from investors reflects confidence in Doha Bank's future prospects and the robust fundamentals of the Qatari economy

  • Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a...

    Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a report.

    GCC entities are poised to handle higher refinancing and interest costs through improved performance and non-oil growth, maintaining stable debt levels, it adds.

  • ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...

    The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”

    The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.

  • BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...

    The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.

    The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.

  • ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash...

    ADCB’s physical-cum-virtual 40th Annual General Assembly meeting approved the decision.

    The Board of Director’s proposal means distributing cash dividend of $0.15 (AED0.56) per share.