Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.
Business
Maersk Q1 profit dips
Business
BMW Q1 net profit at $4.1bn
Business
Airbus Q1 net profit at $514m
Business
Beema’s Q1 profit soars
Business
Pfizer Q1 profit at $5.5bn
Business
Eshraq to buyback shares
Business
KEZAD, Al Ghurair Foods ink pact
Business
Ogilvy PR Names Matt Buchanan as Global Head of Consumer PR
Buchanan has run Ogilvy's PR business in the UK since early 2019 He has worked with leading international brands including...
Alisha Moopen to join TLI’s Board of Directors
Moopen brings with her healthcare leadership experience, global healthcare perspectives She is a graduate of the University of Michigan with...
Fahad Al Hassawi is CEO EITC
Al Hassawi has been the company’s acting CEO since September 2020. During this period, he has guided the organization...
Driver Trett appoints a new UAE Country Manager
Julian has 20 years’ industry experience working for major clients, contractors and consulting organizations He has an LLM in...
Ooredoo business offers ‘fleet management solutions’ for companies
Ooredoo FMS involves GPA tracking software to track, monitor and manage vehicles, bicycles and people in real-time Companies can...
DP World, UAE Region to strengthen UAE-China trade ties
CEO DP World-UAE Region Abdullah Bin Damithan calls Dubai gateway for Chinese exporters Opportunities for Chinese companies in the MENA...
Thales appoints Emmanuel de Roquefeuil as VP, ME
Emmanuel de Roquefeuil will lead Thales operations in the Middle East He succeeds Roger Daix who takes up a...
Saudi Aramco meets investors ahead of first dollar Islamic bond sale
World's biggest company mandates Alinma Invest, Goldman Sachs, HSBC, J.P. Morgan for meetings
Emaar Properties sees sales jump 250% in Dubai
Emaar property sales this year $2.86 billion compared to $820 million in the same period last year The company, which...
Vodafone Qatar unveils enhanced IoT fleet management solution
Updated features enable businesses to optimise customer services, increase operational efficiencies and reduce costs
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.
Business
Company News
DEWA Q1 profit $207.8m
Business
Maersk Q1 profit dips
Business
BMW Q1 net profit at $4.1bn
Business
Airbus Q1 net profit at $514m
Business
Latest News
EITC posts Q1 revenue at $936m
Business
Beema’s Q1 profit soars
Business
Pfizer Q1 profit at $5.5bn
Business
Eshraq to buyback shares
Business
GFH Financial Group Q2 net profit $30m
The net profit increased by 32.74 percent compared to Q2, 2022.
Business
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Business
ADNIC net profit $55.64m
The company's insurance revenue reached $582 million.
- Its underwriting profitability was robust with a combined ratio of 87.60% and a net insurance service profit of AED178.1 million.
- Charalampos Mylonas, CEO of ADNIC, said the company was the first amongst our peers to implement IFRS 17 Insurance Contracts (IFRS 17) as of 1 Jan, 2023.
Business
EIH gives $27.2m dividend
The company's net profit for H1 2023 stands at US$121.221 million.
- The company's net profit for H1 2023 stands at US$121.221 million, up from US$6.535 million in 2022
- EIH's assets grow from US$21.171 million in H1 2022 to US$607.19 million in the first half of 2023
Business
QAMCO’s H1 net declines 60.7%
Average selling prices stood at US$2,743 per metric ton.
- Earnings Per Share for QAMCO stands at US$0.0118 as of 30th June 2023, compared to US$0.0302 in 2022.
- Decline in profits is attributed to a 24% drop in average selling prices and a slight decrease in sales volumes