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Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

DEWA Q3 2023 revenue $2.5bn

The revenue was driven by demand for electricity, water.
  • For January-September 2023, DEWA’s consolidated revenue totalled US$6 billion with an operating profit of US$1.8 billion.
  • By the end of Q3 2023, DEWA’s net cash from operating activities increased by a robust US$205 million to US$2.6 billion.

ADNOC Distribution Q3 net profit $227m

The EBITDA increased by 28% YoY to $303 million in the third quarter.
  • ADNOC Distribution witnessed a healthy 21 percent Y-o-Y increase and a 5 percent quarter-on-quarter (Q-o-Q) growth in total fuel volumes.
  • It anticipates paying a minimum of $350 million (AED1.285 billion), or 10.285 fils per share, as the second six-month dividend of 2023 in April 2024.

MIS net profit $7.1m in 9M 2023

Riyadh, Saudi Arabia -- Al Moammar Information Systems Co. (MIS) recorded a net profit of SAR 26.7 million ($7.1 million) in the...
  • The lower profit was attributed to an increase in impairment loss on contract assets and trade receivables during the quarter, Argaam reported.
  • In Q3 2023, the company swung to a net loss of SAR 69.4 million against a net profit of SAR 25 million in Q3 2022.

Emaar 9M net profit $1.1bn

This is due to the successful launches of new projects.
  • Emaar Development’s property sales increased by 25 percent, reaching US$7.9 billion in the first nine months of 2023.
  • In the first nine months of 2023 (January to September), Emaar Development reported an EBITDA of US$1.2 billion.

AstraZeneca Q3 profit swells

The profits nearly doubled on solid demand for cancer treatments.
  • Net profit soared almost 90 percent to $1.26 billion in the three months to the end of September compared with a year earlier
  • While overall sales grew, revenue from its Covid jab Vaxzevria slumped 98 percent in the first nine months of the year compared with the same part of 2022

Al Ansari 9M profit US$105m

The operating income of the group rose to US$234 million.
  • Al Ansari received shareholders’ approval for the proposed interim dividend payment of $81 million.
  • The second payment of the dividend of an equivalent amount will be disbursed in April 2024.

Emirates Group H1 net profit $2.7bn

The profit was 138% higher than the $1.2 billion in H1 2022.
  • Group revenue was AED67.3 billion ($18.3 billion) for the first six months of 2023-24, up 20 percent from AED56.3 billion ($15.3 billion) last year.
  • Overall profit for dnata is AED709 million ($193 million), compared to the same period last year's AED236 million ($64 million).

ADIB issues green sukuk

The final orderbook of the green sukuk closed at $2.6 billion.
  • The issuance was met with exceptional demand, attracting interest from over 100 global and regional investors.
  • ADIB intends to allocate an amount equal to the net proceeds of this issuance to fund eligible green projects.

Sony hikes annual sales outlook

The company net profit for July-September sank 29 percent
  • Sony saw net profit hitting $5.8 billion in the year to March 2024, up from the previous projection of 860 billion yen
  • Annual sales were seen at 12.4 trillion yen, compared with a previous estimate of 12.2 trillion yen

Dana Gas 9M net profit $126m

Profitability dropped 22% due to lower realized prices.
  • The decline in profitability was also due to additional discounts on condensate sales in the Kurdistan Region of Iraq (KRI).
  • The Company’s revenue for the first nine months of the year decreased 21 percent to AED 1,195 million ($326mm).

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

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Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

Bezos sells $2bn Amazon shares

He reportedly intends to sell, next July, 50 million shares of the group.

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Aldar net profit $1.19bn

Expanded investment and record development sales boosted profit.
  • Aldar reported the highest-ever quarterly development sales of AED 8.5 billion in Q4, with full-year sales hitting a record AED 27.9 billion.
  • Development revenue backlog doubled to AED 36.8 billion, providing strong income visibility over the next two to three years, Aldar said.

Etihad Atheeb 9M profit $47m

Higher revenues from various segments boosted profit.
  • Allowance for impairment in trade receivables and finance charges (FCs) declined during the same period, Argaam reported.
  • On a quarterly basis, the telecom operator's third quarter leapt from SAR 47.9 million in Q2 2023/24.

Aramex Q4 net profit doubles

The firm reported a marginal YoY decline in Q4 revenue.
  • Aramex said the revenue growth in International Express was offset by the decline in revenues from other products.
  • The company posted a 2 percent YoY growth in gross profit for Q4 2023, reaching AED 389 million and remained stable for the full year.