American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
TotalEnergies Q1 profit up 12%
Business
Siemens posts increased Q1 profit
The company said orders nearly doubled in mobility division.
Business
Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
Boeing Q1 loss $425m
Business
Xlinks secures $37m funding
Business
Aster announces 10-year salary support for bereaved families of staff who died of Covid-19
The company has 21,000 employees, including 2,887 doctors and 6,283 More than 5,100 of these employees have been infected...
National Bank of Kuwait hqrs completed
The work on the project had started in 2013 Projacs International was the Project Management Consultant National Bank of...
JP Morgan names Borja Martínez-Laredo as Menat MD
Borja joins the Bank from an international technology firm where he oversaw mergers and acquisitions Prior to this, Borja...
Hassan Allam Holding moves to the intelligent Microsoft Cloud
HAH made the move to Microsoft Azure during the COVID-19 crisis Egyptian company employs over 35,000 people across the...
Grandiose opens new hypermarket in Abu Dhabi
The hypermarket is the largest within the Grandiose chain The new store has a section dedicated to local produce...
3M appoints new VP, MD to lead MEA
Svinger will oversee the strategic expansion of 3M across the region The appointment further strengthens 3M’s developing business in...
Family Business Council Gulf to host first ‘Family Business Awards’ in GCC
Award categories are SME Family Business, Non-Family Executive, NexGen Venture and NexGen Innovation Family businesses contribute to 60 percent...
Cummins’ marine segment gains from a spike in oil price
Marine segment is a critical market for Cummins in the region Cummins offers both commercial and recreational marine diesel...
Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham...
Novo Nordisk earns the Best Place To Work certification in Kuwait for 2021
Best Places to Work is considered as the ‘Platinum Standard’ in identifying and recognizing top workplaces Novo Nordisk Kuwait wins...
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Company News
KEZAD, Al Ghurair Foods ink pact
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
TotalEnergies Q1 profit up 12%
Business
Latest News
Barclays Q1 net profit at $2.2bn
Business
Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
Boeing Q1 loss $425m
Business
Alibaba quarterly revenue up 14 percent
Alibaba's revenue amounted to 234.1 billion yuan ($32.5 billion).
Business
SoftBank Group Q1 loss $3bn
The investment giant was hit by a drop in the share prices of major holdings.
Business
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Business
Yahsat H1 net income up 5%
The company reported a revenue of $205m in H1 2023.
- Yahsat said it delivered revenue growth in infrastructure, the Group’s largest segment providing communications capacity to the UAE government.
- Mobility Solutions, the Thuraya business providing mobile satellite services using L-band spectrum, recorded 12 percent growth in the second quarter.
Business
Siemens Energy posts Q3 loss
The group expects full-year net loss of around $4.94bn.
- The latest result was dragged lower by extra charges of 600 million euros in its offshore wind business.
- Siemens Energy said it was "additionally burdened" by a 700-million-euro write-down of deferred tax assets during the quarter.
Business
Toshiba readies deal to go private
The 14bn deal comes after years of turmoil for the company.
- The Japan Industrial Partners-led consortium taking control in the nearly two trillion yen deal includes 17 Japanese firms and six Japanese banks.
- In March, Toshiba said the tender offer will be called off if the consortium fails to buy at least 66.7 percent of the outstanding shares.