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Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Aramco acquires stake in BHIG

The 50% equity interest in BHIG is Aramco-APQ joint venture.

ADNOC L&S okays $273m dividend

The final dividend of $136.5m will be paid on April 3.

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Al Ansari approves $85m dividend

This is approx 78% of the company's net profit after tax.
  • Al Ansari Financial Services is preparing to finalize the acquisition of BFC Group Holding for AED 735 million, a move that will significantly expand its regional footprint.
  • Post-acquisition, the company will emerge as the largest exchange company in Bahrain and the third largest in Kuwait.

Perplexity eyes TikTok buy

TikTok faces a deadline to divest from its Chinese owner or be banned in the US.
  • TikTok temporarily shut down in the United States and disappeared from app stores as the deadline for the law approached, to the dismay of millions of users.
  • Trump suspended its implementation for two-and-a-half months after beginning his second term in January, seeking a solution with Beijing.

DEWA okays $843m in H2 2024 dividend

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.
  • It reported consolidated full-year revenue of AED 30.98 billion and EBITDA of AED 15.73 billion for 2024.
  • It said the consolidated annual revenue grew by 6.17 percent, primarily driven by rising demand for electricity, water, and cooling services.

Dar Alarkan 2024 profit up 32%

The company's net profit increased by 81.5 percent in Q4 2024.
  • Argaam reported that the company's revenue increased by 38.9 percent year-on-year (YoY) to SAR 3.75 billion in 2024 driven by higher real estate sales and rental income.
  • The company attributed the increase to stronger sales revenue, supported by higher property sales, along with growth in rental income.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.
  • The dividend will be paid on or around 11th April 2025, to all shareholders of record as of 27th March 2025.
  • ADNOC Drilling’s full-year revenue increased significantly to a record $4.034 billion, rising by 32 percent year-on-year.

Google says to buy Wiz for $32 bn

The all-cash deal brings Wiz into the Google Cloud operation.
  • The deepening influence of AI makes "cybersecurity increasingly important in defending against emergent risks and protecting national security," the companies said.
  • The transaction, the largest ever sought by Google or parent Alphabet, will test Trump's openness to large takeovers after resistance to such deals by Biden's administration.

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.
  • Boruge said the proposed share buyback underscores the company’s confidence in its long-term growth prospects.
  • Shareholders will also vote to approve the final 2024 dividends of 7.94 fils per share, which will be distributed on 28t Apr, bringing its total 2024 dividend payout to $1.3bn.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft
  • Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
  • These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.
  • DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
  • Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3
  • It includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.
  • Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments.

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Latest News

DEWA okays $843m in H2 2024 dividend

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.

Dar Alarkan 2024 profit up 32%

The company's net profit increased by 81.5 percent in Q4 2024.

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.

Most Read

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.
  • Boruge said the proposed share buyback underscores the company’s confidence in its long-term growth prospects.
  • Shareholders will also vote to approve the final 2024 dividends of 7.94 fils per share, which will be distributed on 28t Apr, bringing its total 2024 dividend payout to $1.3bn.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft
  • Eighty percent of the aircraft are manufactured by Airbus, and 20 percent are manufactured by Boeing.
  • These aircraft are expected to reduce DAE’s weighted average passenger fleet age to 6.9 years.

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.
  • DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
  • Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.