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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.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Business

ADNOC L&S 2024 net profit $756m

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

Business
Business

QEWC 2023 net profit US$426m

QEWC market share in supply of electricity was 61 percent.
  • The earnings per share amounted to US$0.38 (QR 1.41) as of December 31, 2023.
  • QEWC reported revenue of $799 million in 2023 compared to $747 million in 2022.
Business

Google AI research hub in Paris to host 300 experts

The new hub part of a trend for big tech firms to base teams in European centers.
  • In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.
  • The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015
Business

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.
  • The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion
  • Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,
Business

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.
  • The pact follows and builds upon the acquisition by solutions of a 40 percent stake in Devoteam Middle East.
  • The collaboration also aims to combine the experience and resources of the parties for mutual benefit.
Business

Bezos sells $2bn Amazon shares

He reportedly intends to sell, next July, 50 million shares of the group.
  • Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share.
  • A previous stock market document, out Wednesday, reported his intention to sell, next July, 50 million Amazon shares.
Business

ESG 2023 net profit at US$187m

The firm posted a year-on-year net profit rise of 316 percent.
  • ESG’s total assets witnessed a massive rise, standing at US$833 million.
  • This is a significant 168 percent growth compared to December 2022.
Business

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.
Business

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.
Business

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.
Business

Hermes profit soars 28 percent

The luxury giant posted a profit of US$4.6bn in 2023.
  • The company will disburse a 4,000-euro bonus to all employees early this year as part of "its policy of sharing the fruits of growth"
  • Its sales climbed 14.5% in Japan and 12.9% in the rest of the Asia-Pacific region, with the group opening its 33rd store in China

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.
Business

Company News

BYD posts record 2023 profit

RSG, Hyundai Motor ink pact

ESA, SAP ink agreement

Nasdaq edges to record

Lamborghini sales up in 2023

Latest News

CBI, zypl.ai ink partnership

The pact aligns with CBI’s plan to support innovation in UAE.
Business

RAKBANK, DP World sign pact

The aim is to offer trade finance solutions to businesses in UAE.
Business

EasyLease buys stake in United Trans

This helps EasyLease expand its presence in mobility sector.
Business

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Business

Omantel approves cash dividend

Net profit grew by 13.1 percent compared to 2022
  • Omantel continued to successfully implement its strategy Shift Gear despite market challenges and increasing competition.
  • Omantel Group revenues and profits, as the group's revenues were up by 9.7percent
Business

Huawei profit tops $12bn

The profits more than doubled compared to 2022.
  • Huawei has been at the center of an intense standoff between China and the United States, with Washington warning its equipment could be used for espionage.
  • Sanctions since 2019 have cut Huawei's access to US-made components and technologies, forcing it to diversify.
Business

Amanat FY 2023 revenue $195m

The company's revenue grew by 40 percent year-on-year.
  • Amanat announced a proposed dividend of US$13 million for FY 2023, with additional interim dividends planned for 2024.
  • The balance sheet reached US$158 million in cash at year-end, and low leverage provided significant capital for deployment.