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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.
  • The bond was issued in two equal tranches of US$500 million, with tenors of 5 and 10 years and coupons of 4.875% and 5.375%.
  • The bond attracted significant oversubscription with a peak orderbook of US$6.6 billion.

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.
  • This is in addition to a decrease in by-products crack margins, despite an increase in base oil crack margins.
  • Total shareholders’ equity, no minority interest, stood at SAR 4.07 billion as of March 31, 2025.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024
  • Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
  • On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.
  • EBITDA grew 5 percent year-on-year to AED 1.1 billion and net profit grew 3 percent year-on-year to AED505 million in Q1-2025.
  • haista Asif, Group Chief Executive Officer at PureHealth, commented, “PureHealth’s first quarter results reflect the solid growth witnessed across all core segments."

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.
  • Q1 2025 operational performance remained strong, with production volumes rising 7 percent year-on-year in the first quarter of 2025.
  • Revenue in Q1 2025 grew 9 percent year-on-year to $1.42 billion, driven by higher average selling prices and increased sales volumes.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
  • In 2024, group's chairman Sheikh Ahmed bin Saeed Al Maktoum urged Boeing to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.
  • Boeing had been mired in problems including safety concerns after two 737 MAX crashes within five months and another scare involving the aircraft over Alaska in Jan 2024.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.
  • Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.
  • AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion. 

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.
  • The profit growth was driven by a 4.7% year-on-year (YoY) hike in the first-quarter net special commission income, mainly due to higher returns from financing and investment
  • Its clients' deposits were valued at SAR 101.66 billion, which is 14.96 percent higher than SAR 88.43 billion a year ago.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Latest News

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Most Read

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.
  • Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.
  • AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion.