INSEAD Day 4 - 728x90

Company News

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Business

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Business
Business

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.
  • This is in addition to a decrease in by-products crack margins, despite an increase in base oil crack margins.
  • Total shareholders’ equity, no minority interest, stood at SAR 4.07 billion as of March 31, 2025.
Business

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024
  • Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
  • On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.
Business

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.
  • EBITDA grew 5 percent year-on-year to AED 1.1 billion and net profit grew 3 percent year-on-year to AED505 million in Q1-2025.
  • haista Asif, Group Chief Executive Officer at PureHealth, commented, “PureHealth’s first quarter results reflect the solid growth witnessed across all core segments."
Business

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.
  • Q1 2025 operational performance remained strong, with production volumes rising 7 percent year-on-year in the first quarter of 2025.
  • Revenue in Q1 2025 grew 9 percent year-on-year to $1.42 billion, driven by higher average selling prices and increased sales volumes.
Business

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.
  • In 2024, group's chairman Sheikh Ahmed bin Saeed Al Maktoum urged Boeing to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.
  • Boeing had been mired in problems including safety concerns after two 737 MAX crashes within five months and another scare involving the aircraft over Alaska in Jan 2024.
Business

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.
  • Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.
  • AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.
Business

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.
  • The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.
  • The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.
Business

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.
  • The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.
  • Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion. 
Business

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.
  • The profit growth was driven by a 4.7% year-on-year (YoY) hike in the first-quarter net special commission income, mainly due to higher returns from financing and investment
  • Its clients' deposits were valued at SAR 101.66 billion, which is 14.96 percent higher than SAR 88.43 billion a year ago.
Business

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.
  • One of the top 10 automakers by unit sales, Nissan is heavily in debt, having trouble selling vehicles in the Chinese market.
  • In February, the company had projected a much smaller annual net loss of 80 billion yen ($560 million).

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.
Business

Company News

SEC H1 net profit $1.67bn

DEWA profit after tax $789m

IHC H1 net profit $2.94 billion

Alpha Dhabi H1 profit $1.79bn

Borouge Q2 net profit $193m

Latest News

DEWA profit after tax $789m

It will pay $843m in H1 dividend.
Business

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.
Business

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.
Economy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Arts & Culture

Thousands of carpets sunbathe at Turkish resort

From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...
  • In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
  • But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
Business

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.
  • The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025.
  • The dividends are expected to be paid in the second half of August 2025 to all shareholders of record as of 8th August 2025.
Business

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.
  • Revenues also declined in the second quarter by 14 percent year-on-year to 18.8 billion euros, the company said in a statement.
  • The oil giant also confirmed its production target of 1.7 million barrels of oil a day for the current year, despite a three percent decline in the second quarter.