Air Arabia 2023 net profit $408m
The firm recorded a 27 percent rise in profit compared to 2022.
Business
KEZAD, Al Ghurair Foods ink pact
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
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
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...
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,...
Air Arabia 2023 net profit $408m
The firm recorded a 27 percent rise in profit compared to 2022.
Business
Company News
Eshraq to buyback shares
Business
KEZAD, Al Ghurair Foods ink pact
Business
American Q1 profit at $10m
Business
FAB posts Q1 net profit of $1bn
Business
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TotalEnergies Q1 profit up 12%
Business
Barclays Q1 net profit at $2.2bn
Business
Gulf bank Q1 net profit $56.50m
Business
NBF Q1 net profit up 151 percent
Business
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Business
SoftBank Group Q1 loss $3bn
The investment giant was hit by a drop in the share prices of major holdings.
- The firm has made huge bets to find and grow hot new tech ventures around the world, but that has left its earnings vulnerable to market forces.
- The company suffered investment losses "due to declines in the share prices of Alibaba, Deutsche Telekom, and T-Mobile US.
Business
Eshraq Q2 profit $9.79m
The company had posted a loss of AED7 million in Q2 2022.
- The total operating income surged by 2,446.7 percent to AED44.31 million from a loss of AED1.89 million in Q2 2022.
- To date, Eshraq has sold seven land plots, representing total 27 percent of its existing land bank by book value for a total sale consideration of AED208 million.
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.