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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

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.

Embracer sells Borderlands

The sale is expected to be completed by June-end .
  • The sale would reduce the company's net debt by around $300-327 million, the group said in a statement
  • Gearbox will join a Take-Two line-up that includes the likes of "Grand Theft Auto" maker Rockstar Games and 2K

BYD posts record 2023 profit

The Shenzhen-based firm is now moving quickly overseas.
  • BYD overtook Elon Musk's Tesla in the fourth quarter of 2023 to become the world's top seller of EVs.
  • The figure is in line with a forecast issued by the firm in late January of 29-31 billion yuan ($4bn - $4.3bn)

RSG, Hyundai Motor ink pact

The two firms will explore opportunities in various areas.
  • The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
  • They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution
  • ESA will benefit from a streamlined and integrated system, improving visibility and control over all of its operations.
  • ESA will be using an integrated supply chain model that eliminates process silos, predicts disruptions.

Nasdaq edges to record

The Dow Jones Industrial Average dropped 0.8 percent.
  • All three indices finished at records the last two days, on the back of Wednesday's Federal Reserve meeting
  • The Dow Jones Industrial Average dropped 0.8 percent to 39,475.90, retreating from a serious drive at the 40,000-point level

Lamborghini sales up in 2023

The deliveries sped up 9.5 percent to 10,112 vehicles.
  • 2023 was the best year ever recorded," the brand said in a press release, with sales up 12.1 percent to US$2.9 billion
  • Operating profit reached $785 million, up 17.8 percent, with operating margins widening to 27.2 percent, said Lamborghini

EGA to acquire Leichtmetall

EGA is to buy 100 percent of firm from Leichtmetall Holding.
  • The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.
  • Leichtmetall’s production mainly consists of hard alloy billets up to 1,150 millimetres in diameter

Borse Dubai to sell Nasdaq shares

The sale is poised to generate $1.59 billion.
  • Borse Dubai is selling 27 million shares at $59 each in a secondary offering, a decision revealed in a stock exchange filing
  • The offering also grants underwriters a 30-day option to acquire up to four million additional shares of Nasdaq

Masdar to buy stake in Terra-Gen

Masdar to buy 50 percent stake in Terra-Gen from ECP.
  • Masdar’s US portfolio of utility-scale wind, solar and storage assets has a generating capacity of over 1.4 GW.
  • The US market will play a vital role as Masdar plans to build a renewable energy portfolio of 100 GW capacity by 2030

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

Latest News

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Goldwind 2024 revenue up 12.5%

The clean energy giant posted $7.8bn in revenue for 2024.

Emaar to pay $2.39bn dividend

The company had posted $19bn in property sales for 2024.

Most Read

ADNOC L&S okays $273m dividend

The final dividend of $136.5m will be paid on April 3.
  • ADNOC L&S delivered exceptional financial growth, driven by strong market demand, strategic acquisitions, and operational efficiency, the company said. 
  • Revenue increased 29 percent year-on-year to over $3.5 billion (AED13 billion), while net profit rose 22 percent to $756 million (AED2.7 billion).

ADNOC Gas to pay $3.41bn dividend

It includes $1.7 billion scheduled for distribution in Q2 2025.
  • It reported a record adjusted net income of $5 billion, up 13 percent year-on-year, and strong EBITDA growth of 14 percent year-on-year to $8.65 billion.
  • ADNOC Gas' full-year 2024 results demonstrate the success of its disciplined strategy, unveiled in November 2024, the company said.

BYD surpasses Tesla with record revenue

The Chinese EV giant's net profit was $5.55 billion for 2024.
  • The Shenzhen-based firm has emerged in recent years as the clear leader in China's highly competitive EV market, which is the largest in the world.
  • BYD's publication of strong results comes after Tesla announced lower than expected profits for the fourth quarter of 2024 in late January.