Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.
Business
Xlinks secures $37m funding
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Novartis Q1 profit at $2.3bn
Business
Coca-Cola profits surge
Business
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...
Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.
Business
Company News
Boeing Q1 loss $425m
Business
Xlinks secures $37m funding
Business
GSK Q1 profit dips
Business
Amanat acquires stake in Sukoon
Business
Latest News
Sahara Q1 net profit $125m
Business
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
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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.
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.