AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.
Business
EITC’s Q2 net increases 11.4% to AED240m
Dubai-based company's capital expenditures stood at AED649 million during the quarter.
Dusit debuts in Oman with 252-unit deluxe resort
The dusitD2 Naseem Resort is the first Dusit-branded hotel in Oman 's Jabal Akhdar.
Samana expands sales team with new GM
Samana also increases its sales workforce by 55% and doubles its sales revenue in 2021.
Hugh Fraser forms new alliances in UAE, Egypt
Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.
Former Saudi minister to head IDB
Former Saudi economy and planning minister Mohammed Sulaiman Al-Jasser will head the bank.
Standard Chartered appoints CEO for Saadiq
Khurram Hilal brings over 20 years of Islamic banking experience to the CEO position.
Ipsen expands into MEA with UAE headquarters
The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
Audi Middle East H1 sales rise 37%
Audi Middle East has posted a 37% increase in sales in the first half of 2021.
Sharjah Islamic Bank’s profit rises 25.6% in H1
Sharjah Islamic Bank's operating profit increases 25.6% to AED 417.3 million in the first six months
Centara to manage 64-unit Oman hotel
The property in question is Al Hail Waves, and is ISAHC’s third in Oman that Centara will manage.
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Company News
AD Ports Q1 revenue is $494m
Business
GIG to pay $49m in dividends
Business
Latest News
TAQA income rises to $3.16bn
Business
ICIEC inks deal with SNB
Business
Salik Q1 net profit $74.89m
Business
Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
Business
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Business
KIB posts $19.5m net profit
The bank's total operating income reached approximately $115 million.
- The bank's total operating income reached approximately $115 million, a 14% increase compared to the first six months of 2022
- Its investment securities portfolio, focused on high-quality Sukuk, reached $1 billion, a 4% increase from the same period last year
Business
APIC H1 net profit down 39%
Total revenues grew by 7.2% YoY to $590 million.
- Net profits attributed to APIC shareholders in the first half of 2023 reached $11.08 million.
- Total assets increased by 8.74 percent compared to 2022's closing and reached $756 million.
Business
Estithmar opens branches in Iraq
Two subsidiaries of the Qatari firm open two branches.
- Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals.
- Estithmar Holding told Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development.