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Company News

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Lego net profit falls

Its net profit fell five percent to 13.1 billion kroner ($1.24bn).

Business

JetBlue, Spirit Airlines cancel merger

Earlier, a federal judge ruled it violated US antitrust law.

Business

Aldar Properties Q2 net profit $353m

Aldar recorded AED 2.1 billion in net profits for the first half of 2023.
  • It also achieved revenues of AED 6.3 billion dirhams, an increase of about 18 percent.
  • Aldar reported a record development sale of AED 11.6 billion with 10 new project launches year-to-date.
Business

Aldar expands into Dubai, Bahrain

The company announces $95 million investment for expansion.
  • This investment adds to the initial commitment of AED 1 billion announced last year, Aldar said in a statement.
  • The acquisition of Kent College Dubai and Virginia International Private School will expand Aldar Education’s presence in the UAE, the company said.
Business

National Leasing’s profits hit $2.37m

A jump of 28 percent in net profit vis-a- -vis H1 2022.
  • National Leasing Holding was established in 2003
  • It was listed on QSE in 2003 with a capital of $135.9 million.
Business

QGIRC net profit down

The first half 2023 profit of $9.64m was 25% less than that of H1 2022.
  • Earnings per share (EPS) amounted to QR 0.040 as of 30th June 2023 versus Earnings per share (EPS) QR 0.054 for the same period in 2022.
  • QGIRC has a network of branches located across Qatar and an overseas branch in the United Arab Emirates.
Business

ESG H1 net profit $162m

The net profit increased by 831 percent year on year.
  • The revenue for H1 2023 experienced an 81 percent growth, amounting to AED 266 million, as opposed to AED 147 million in H1 2022.
  • ESG's total assets surged by 93 percent in comparison to December 2022, culminating in a value of AED 2.2 billion by June end.
Business

ExxonMobil Q2 profits $7.9bn

Profits fell on lower refining margins, natural gas prices.
  • Natural gas prices are down sharply from the year-ago period following a mild winter.
  • The comparative weakness in refinery margins reflects sluggish economic conditions.
Business

PIF sets up tourism firm Asfar

Firm Saudi Tourism Investment Company has been set up.
  • The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
  • The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe
Business

Italy’s Eni Q2 profits down

Adjusted net profit also fell down 49 percent in the second quarter.
  • Like its competitors, Eni benefited last year from the spike in gas and oil prices, fuelled by the economic recovery after the pandemic and Russia's invasion of Ukraine.
  • Eni posted a record net profit of 13.8 billion euros in 2022, its best result in more than two decades.
Business

Tabreed H1 23 net profit $105m

New customers and projects were added in H1 2023.
  • In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
  • Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.
Business

SAB H1 profit up 59%

The bank's profit in Q2 increased by 43% compared to Q2 2022.
  • SAB’s net profit dropped by 12.2 percent from SAR 1.76 billion in Q1 2023. 
  • H1 profit rise was mainly due to an increase in net special commission income, income from FVSI financial instruments.

Lego net profit falls

Its net profit fell five percent to 13.1 billion kroner ($1.24bn).
Business

Company News

ADNOC Gas net income $3.37bn

ACWA Power, SEC sign PPAs

Chemanol to buy stake in ACC

ADIB lists $500m green sukuk on LSE

Salik records $138m in Q3 revenue

Latest News

GSK to buy Aiolos Bio

The focus is on an asthma medication still at the testing stage.
Business

EVA Air orders 33 Airbus planes

The deal could be worth as much as $8.5 billion.
Business

Mubadala lists dollar, dirham bonds

This is Mubadala's seventh listing of a green debt instrument on ADX.
Business

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Business

Rolls-Royce makes record deliveries

It delivered 6,032 cars in 2023, the highest in its 119-year history.
  • The United States was the group's biggest market in 2023, followed by China.
  • The emblematic British car brand became part of German auto giant BMW in 1998.
Business

Baims acquires Orcas Edtech

The firm plans to incorporate one-to-one tutoring services.
  • Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.
  • Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.
Business

Bahrain Steel raises $450m SLL

The company produces and supplies high-grade iron ore pellets.
  • The proceeds from this loan will be directed towards CAPEX for constructing the world’s largest stockyard shed with rooftop solar panels.
  • The SLL's framework incentivizes Bahrain Steel to exceed mandatory greenhouse gas (GHG) emissions reductions.