Aramco appoints two Presidents
Business
Alcoa, EGA ink supply pact
Business
solutions by stc, Devoteam ink MoU
The aim is to foster avenues for collaboration in technology.
Business
AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
TAQA income rises to $3.16bn
Business
Business
Nissan unveils new safety tech in Middle East
The suite is called Nissan Intelligent Mobility or NIM, and is aimed at preventing automotive fatalities.
- The newest addition to the NIM suite, the ProPILOT, was premiered in the region on the 2021 Nissan Altima
- ProPILOT can automatically increase or decrease the vehicle’s speed to maintain a set distance from other vehicles
Abu Dhabi Ports plans uninterrupted gas supply for customers
The system modernization will take place over the next several months as part of a continuous comprehensive zone development plan.
MG Cars unveils first ever all-electric SUV in Qatar
The electric car is capable of travelling for 335km NEDC on a single battery charge
- Stylish, compact SUV is first pure electric model from MG in the Middle East
- The electric car is capable of travelling for 335km NEDC on a single battery charge
Dubai Investments profits surge 47%
The Dubai-based firm's net profits rose to AED302 million in the first half of this year.
- Growth attributed to enhanced performance of the manufacturing. contracting and investment segments
- The group's total income in H1 increases by 51 percent to AED1.72 billion as it ramped up property sales
Bahrain Telecom announces 5% hike of H1 net profit to $99.5m
Batelco said the steady rise in revenues in H1 2021 led to the increase in net profit.
HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter.
Alba Q2 profit jumps 665% to $246m
Aluminium Bahrain posted Q2 2021 profit of BD92.6 m after loss in 2020 .
Saad Toma new GM of IBM Middle East and Africa
Toma succeeds Takreem El-Tohamy, who has been appointed GM, Global Strategic Sales.
Samsung reports 73.4% surge in profit in Q2
The firm painted an optimistic view for the remainder of the year.
WeDeliver raises $2.4 million in pre-Seed round
This is the largest pre-Seed round for a Saudi-based startup and the third-largest in Mena region.
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Company News
Aramco appoints two Presidents
Business
Alcoa, EGA ink supply pact
Business
Latest News
AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
Tencent Q2 net income $3.6 bn
Tencent last year posted its first decline in quarterly sales since its listing.
Business
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Business
Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
- The distribution represents 2.19 percent of net asset value (NAV) as of June 30, 2023.
- Riyad REIT is a closed-ended Shariah-compliant real estate investment traded fund.
Business
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.
- The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
- The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.
Business
Yalla Group H1 revenue $152m
The Group posted revenues of $79 million in the second quarter.
- The revenue grew by 2.9% compared to the first half of last year, while the net income in H1 2023 was recorded at AED176.9 million ($48.2m)
- Yalla displayed strong performance in the second quarter of the year where it posted revenues of AED291 million (around $79.2 million)