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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

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

Industries Qatar H1 profit up 57%

Industries Qatar saw net profit jump 57 percent for the first half of 2022.
  • The company’s year-on-year net profit jumped to $1.5 billion
  • Earnings per share amounted to $0.24 in the first half of the year

Industries Qatar announced Sunday its earnings for the first half of the year ending on June 30, which saw net profit jump 57 percent year-over-year from QR 3.5 billion ($0.94 billion) to QR 5.4 billion ($1.5 billion).

Earnings per share amounted to QR 0.90 ($0.24) in the first half of the year, compared to QR 0.57 ($0.15) for the same period in 2021.