INSEAD Day 4 - 728x90

Company News

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Business

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Business
Business

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.
  • The company said that EBITDA for the full year reached AED1.6 billion, a 13.6 percent YoY growth.
  • The Board of Directors proposes a dividend of AED619.8 million to be paid during H1 2025 (equivalent to 8.2645 fils per share).
Business

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.
  • As a result of strong underwriting and investment performance, ADNIC's net profit before tax grew by 16.3 percent year on year to AED 466.4 million.
  • Its total assets grew by 52.9 percent year on year to reach AED 11.8 billion and total shareholders equity grew by 20.6 percent for year on year to reach AED 3.5 billion.
Business

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.
  • Revenues for 2024 rose 5.7 percent over the previous year to reach SAR 75.893 billion, and gross profit reached SAR 37.30 billion.
  • Operating profit increased 9.6 percent over the previous year to reach SAR 14.426 billion.
Business

e& reports $2.94 billion in net profit

e&’s subscriber base rose 11.7% to 189.3m
  • The company acquired PPF Telecom’s assets, expanding into Central and Eastern Europe
  • e& announced a progressive dividend policy, aiming for USD 0.24 per share by 2026
Business

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.
  • Net profit attributable to owners grew 24 percent YoY to AED1.33 billion led by strong operating performance.
  • Total assets grew by 15 percent YoY to AED63.70 billion in 2024 while total equity increased 15 percent YoY to AED27.83 billion.
Business

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.
  • TAQA said the net income excludes one-off items (AED 10.8 billion) related to the acquisition of a 5 percent stake in ADNOC Gas.
  • The company's revenues increased 6.7 percent year-on-year to AED55.2 billion, driven by sustained Transmission & Distribution (T&D) growth.
Business

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.
  • EBITDA rose by 31 percent to $1.149 billion (AED 4.219 billion) in the same period, driven by robust performance across all business segments.
  • The Company's Q4 revenue increased by 6 percent year-on-year (y-o-y) to $881 million (AED 3.237 billion).
Business

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m
  • The company achieved its highest-ever (EBITDA) of $1.05 billion (AED3.86 billion), an increase of 4.8 percent year-on-year.
  • The company's Board of Directors has recommended a cash dividend of $350 million (AED1.285 billion) for H2 2024.
Business

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.
  • The five-year tranche of $750 million consists of 3,750 Sukuk based on the minimum denomination and total issue size.
  • Maaden said the annual return on the five-year tranche is 5.25 percent and 5.50 percent for the 10-year tranche.
Business

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.
  • Total assets reached more than US$13 billion by the end of 2024 compared to US$12.26 billion in 2023.
  • DAE said it acquired 83 aircraft (owned: 30; managed: 53) and sold 68 (owned: 19; managed: 49).

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.
Business

Company News

SIB H1 net profit $189m

TSMC’s H1 revenue up 40 percent

‘Wadeem’ sold out for $1.49bn

Tesla Q2 sales down 13.5%

TomTom cuts 300 jobs

Latest News

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn
Business

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.
Business

DEWA profit after tax $789m

It will pay $843m in H1 dividend.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.
  • The group’s financial position remains robust, with total assets of AED198.4 billion and equity of AED98.1 billion.
  • This quarter, Alpha Dhabi Holding and four of its portfolio companies featured in the Forbes Top 100 Listed Companies in the Middle East 2025.
Business

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.
  • Adjusted EBITDA for the second quarter was $440 million.
  • The company has proposed an increased minimum interim dividend of 8.1 fils per share for H1.
Arts & Culture

Thousands of carpets sunbathe at Turkish resort

From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
  • In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
  • But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.