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Company News

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Business

DFM reports higher H1 trading activity as profit reaches $121 million

Dubai, UAE -- Dubai Financial Market (DFM) reported a net profit before tax of AED443.2 million ($121 million) for the...

Business
Business

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.
  • The bank said net profit increased 26 percent year-on-year to SAR24.79 billion ($6.6 billion) in 2025.
  • Profit for the fourth quarter alone reached SAR6.37 billion.
Business

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.
  • Following the announcement of the results, Emirates NBD’s board proposed an ordinary dividend of 100 fils per share for the year.
  • The lender is one of the largest banking groups in the Middle East and is listed on the Dubai Financial Market.
Business

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.
  • Tesla is expected to announce its total EV sales for last year on Friday.
  • Shenzhen-based BYD, which also produces hybrid cars, announced the data in a statement published to the Hong Kong Stock Exchange, where it is listed.
Business

Google to invest $6.4bn

The investment is its biggest-ever in Germany.
  • Google's plans include a new data center and expansion of an existing center in the western state of Hesse, providing computing power for artificial intelligence.
  • It also plans to expand its offices in Berlin, Frankfurt and Munich, and outlined various projects aimed at reducing its greenhouse gas emissions.
Business

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.
  • The Danish firm said Saturday that it "does not intend to make an increased offer to acquire Metsera."
  • The company "will continue to assess opportunities for business development and acquisitions that... further its strategic objectives," it said.
Business

Ozempic maker lowers outlook

The company posted tepid Q3 results.
  • It marked the latest bad news for the pharmaceutical giant, which has recently changed its CEO, announced plans to lay off 9,000 employees and replaced more than half of its board.
  • The group now expects full-year sales in 2025 to grow by eight to 11 percent, versus the eight to 14 percent range it had expected previously, the company said.
Business

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.
  • Kenvue's Tylenol painkiller has faced Trump administration allegations of links to increased autism risks.
  • Texas-based Kimberly-Clark makes a wide range of paper and cloth products, with brands such as Huggies, Kleenex and Kotex.
Business

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • The Shenzhen-based firm recorded revenue of 195 billion yuan over the same period, a slight decrease of 3 percent year-on-year.
  • China's EV industry is world-leading but a cutthroat domestic market has weighed on companies' profitability.
Business

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI
  • The tech giant's revenues jumped 16 percent year-on-year to $102.3 billion in the third quarter, beating analyst expectations
  • "Alphabet had a terrific quarter, with double-digit growth across every major part of our business," CEO Sundar Pichai said
Business

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • It said it would issue more than 166 million new shares, for which Nvidia would pay $6.01 per share.
  • Under the partnership, Nokia "intends to increase its presence in the AI and cloud market with data center aligned networking solutions."

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
Business

Company News

DIB H1 net profit $1bn

SIB H1 profit up 15.3%

Samsung biggest chip investor

flynas to set up new hub

AD Ports Group acquires CLI

Latest News

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.
Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.
Business

flynas to set up new hub

Five destinations in first phase of operations.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Closure of Strait of Hormuz may trigger lasting shift in Gulf trade corridors: report

About $650 billion in trade flows are affected, with global maritime routes facing growing disruption and uncertainty risks.
  • GCC countries are redirecting cargo flows through alternative gateways, increasing transit costs and causing longer delivery times
  • Saudi Arabia could leverage Red Sea access and East African investments to reduce dependence on vulnerable maritime choke points
Business

2PointZero posts profit surge

Growth driven by merger consolidation.
  • Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
  • During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Business

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.
  • Mashreq posted first-quarter net profit growth as revenue, lending and deposits expanded strongly year-on-year.
  • Non-interest income rose sharply, highlighting diversification as regional geopolitical uncertainty weighed on operating conditions.