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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.

Russia’s Gazprom sets new daily record for gas supplies to China

The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow. (AFP)
By TRENDS Desk
December 18, 2023 12:49 pm
  • According to Gazprom, supplies are made under a bilateral long-term gas purchase and sale agreement between the oil company and China
  • The company added that since November it has ramped up the volume of gas supplies to China as per the previously signed additional agreement

Moscow, Russia–Gazprom has set a new record for daily gas supplies to China via the Power of Siberia pipeline on December 16, the company said in a statement.

“On December 16, China’s application for the supply of Russian gas through the Power of Siberia gas pipeline once again exceeded the daily contractual obligations. Gazprom delivered all the requested volumes and set a new historical record for daily gas supplies to China,” the statement said.

Supplies are made under a bilateral long-term gas purchase and sale agreement between Gazprom and CNPC, the company added.

Earlier, Gazprom noted that since mid-November it has significantly increased the volume of gas supplies to China in accordance with the previously signed additional agreement.

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