Coca-Cola profits surge
Business
Maqta Gateway buys TTEK
Business
ADGM Office of Data Protection signs MoU with Jersey Data Protection Authority
The MoU will help protect the personal data of individuals in both jurisdictions ADGM recently updated its data protection framework ...
Saudi companies spend 7% of the country’s GDP on Capex
Saudi companies invested around $47 billion in 2020 on their Capital Expenditure The move to leverage opportunities to diversify economy...
Red Sea International appoints Khalid Fagih as MD and CEO
RSI banking on Khalid's 26-year track record to catapult its operations by developing products and services, improving performance Company had...
Telal Gents Fashion achieves Guinness World Record for largest mobile clothing store
UAE-based Telal Gents Fashion has set a Guinness World Record for the largest mobile clothing store The company converted a...
Saudi King Abdullah Port names new CEO
Jay New is an industry veteran with a 20-year career in the ports and shipping He will oversee the day-to-day...
Emirates notches up “Best Airline Worldwide’ award, eighth in a row
It also bags ‘airline with the best first class’ and “the best economy class” awards too To maintain its industry...
Rashad Al Shaikh is OAB’s new Head of Retail Banking Division
The decision is result of Al Shaikh's successes as acting head in the digital retail banking Al Shaikh has an...
Noor Al-Sulaiti is new Ooredoo CEO
Al-Sulaiti took over from Ian Dench who resigned recently She was earlier the CEO of Starlink, an Ooredoo Group subsidiary...
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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
Company 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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Novartis Q1 profit at $2.3bn
Business
Coca-Cola profits surge
Business
Toshiba readies deal to go private
The 14bn deal comes after years of turmoil for the company.
Business
PIF sets up SRJ Sports Investments firm
The investments are expected to localize partnerships.
Business
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.
Business
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Business
Empower H1 2023 revenue at $333m
The company’s EBITDA in H1 2023 was US$178 million.
- In the July 2022 to June 2023 period, Empower’s consolidated revenue was US$778 million.
- Empower CEO said the firm continues to expand investments in its portfolio of assets and infrastructure.
Business
Burjeel Holdings H1 net profit $61m
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
- Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
- The net profit was attributable to robust topline growth and significantly lower finance costs.
Business
ADNOC Drilling posts $446m net profit
The increase was attributed to expansion in fleet and services.
- ADNOC Drilling’s first half revenue increased to $1.4 billion, up 13 percent year-on-year.
- Second quarter revenue grew by 8 percent year-on-year to $724 million and by percent sequentially.