Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Saudi Aramco only behind Apple in market cap

  • Technology companies have dominated the top five, with four companies being from this sector in the past 10 years.
  • Though primarily owned by the state, the energy giant raised $29.4 billion in an Initial Public Offering in 2019.

Dubai, UAE—Saudi Aramco is the world’s largest oil producer and the world’s most profitable company. Though primarily owned by the state, the energy giant raised $29.4 billion in an Initial Public Offering in 2019.  In September 2022, the market cap of Aramco ($1.99 trillion) was ahead of Microsoft ($1.77 trillion) and only behind Apple ($2.42 trillion) in terms of market capitalization. TRENDS takes a look at the development: