INSEAD Day 4 - 728x90

Company News

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

TECOM profit climbs

High occupancy across assets boosts earnings.

Business

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

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).

TECOM profit climbs

High occupancy across assets boosts earnings.
Business

Company News

Oracle shares up 35%

ADCB to raise $1.66bn

EGA H1 revenue $4.11bn

Borouge to pay $660m H1 dividend

TAQA secures $2.31bn loan

Latest News

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
Business

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.
Business

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake
  • Aldar Estates has become the region’s largest integrated real estate services company with over AED3 billion worth of active contracts.
  • The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years.
Business

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • About 40 minutes into trading, shares were at $337.02, up nearly 40 percent, lifting the company's market valuation to around $950 billion.
  • The surge will significantly boost the wealth of Oracle Chairman Larry Ellison, who could potentially surpass Elon Musk as the world's richest person.
Business

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.
  • The rights issue will increase ADCB's issued capital from AED 7.32 billion to AED 7.91 billion by issuing up to 592.2 million new shares.
  • The new shares will be priced at AED 10.3 each, a 30% discount to ADCB’s closing share price on September 4, 2025.