Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
Boeing Q1 loss $425m
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Sahara Q1 net profit $125m
Business
Novartis Q1 profit at $2.3bn
Business
French investigators probe Renault-Nissan’s ex-boss Ghosn in Lebanon
Ghosn faces scrutiny centring on alleged improper financial interactions with Renault-Nissan's distributor in Oman He has long maintained that he...
UAE tells firms to disclose identity of owners or face action
The companies must come clean by next month The ultimatum was delivered by Safia Al-Safi, the director of the Anti-Money...
Nichole Miranda is SOCIATE’s Communications Strategist
SOCIATE is a communications agency headquartered in Dubai Miranda heads the SOCIATE UK office from London Copywriting specialist, Nichole...
Uber appoints new GM for MENA, Pakistan region
Pall will lead the next phase of growth for Uber’s ride-sharing business across the region
Kuwait Finance House launches wellness program for staff
Hintsa Performance has developed 'Better Life' wellbeing program for KFH staff Program elements include physical activity, nutrition, sleep and recovery,...
Saudi Arabia allows a Spanish solar power firm to set up plant in the kingdom
PV Hardware Middle East will manufacture trackers, mounting structures, and cleaning robots for the Saudi solar market
Delivery of 500 condos built by Azizi Developments will be made next month
The residential units comprise 334 studios, 48 one- and 94 two-bedroom apartments, and 10 spacious, luxurious sky villas The condominiums...
Alpha Dhabi Holding acquires key UAE hospitality group
Murban is a leading investment company based in Abu Dhabi with Dh1.7 billion in equity The acquisition will help accelerate...
ADNOC raises $1.64 bn from share, bond offering
The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic...
ADIB finances Rasmala for Tesco supermarket acquisition
The property, constructed in 2012, extends to 100,365 sq ft ADIB offers Sharia-compliant property financing solutions Abu Dhabi Islamic Bank...
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Company 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
Latest News
Xlinks secures $37m funding
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Sahara Q1 net profit $125m
Business
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Business
PIF sets up SRJ Sports Investments firm
The investments are expected to localize partnerships.
- The new company will target businesses specialized in offering unique fan engagement activities and transformative sports technology.
- This firm will help bolster Saudi Arabia’s position as one of the world’s leading sports and entertainment destinations.
Business
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.
- Total income for the Group increased by 31 percent from US$422 million (AED 1.55 billion) in H1 2022 to US$552 million (AED 2.03 billion) during H1 2023.
- Total shareholder equity increased to US$3.5 billon as of June 30 2023, compared to US$3.5 billion (AED12.84 billion) as of year ended December 31 2022.
Business
ADNOC Gas H1 revenue $10.6bn
The decline in revenue is due to lower gas prices.
- The second quarter revenue stood at AED 19.8 billion, compared to Pro Forma Adjusted Revenue of AED 26.1 billion in Q2 2022.
- ADNOC Gas said it shifted towards higher-margin export liquids and focused on increased efficiency.