INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year
  • As people are freed from pandemic lifestyles that had them relying on the internet for shopping, playing, working and learning,...

    A crowded period of quarterly financial releases from the world's biggest tech firms has been marred by misses and uncertainty.

    Recession fears, strong dollar, shrinking advertising budgets and inflation, headwinds coming from every direction at the moment.

  • Italian energy giant Eni said Friday that its profits sky-rocketed in the second quarter as energy prices soared in the...

    Eni said in a statement that bottom-line Q2 net profit increased 15-fold to $3.9 billion

    For the whole of 2022, Eni confirmed it was aiming for operating profit of 'at least' $1.22 billion

  • Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions...

    Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion

    The transactions were the highest volume of sales transactions for June in the past nine years

  • Abu Dhabi National Oil Company (ADNOC) today announced a second discovery of natural gas resources in the first exploration well...

    The reservoir was struck in in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni.

    The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place.

  • ExxonMobil's second quarter profits nearly quadrupled to $17.9 billion in results released Friday that underscored the elevated state of oil...

    ExxonMobil's Q2 profits nearly quadrupled to $17.9 billion that underscored the oil and natural gas prices

    The US oil giant's revenues in the second quarter rose 68.7 percent to $111.3 billion

  • Alpha Dhabi Holding has announced its financial results for the half-year ended June 30. The company reported net profit of...

    Alpha Dhabi reports net profit of US$2.2 billion in H1 2022 ending June 30, up from US$ 453 million in the corresponding period last year

    The firm is also starting to see the benefits of its expansion outside the UAE with overseas revenue accounting for US$ 572 million

  • Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest...

    Less expensive to produce and transport, with prices pinned down in long-term contracts, Russian gas has for decades contributed to Germany's economic prosperity

    To wean itself completely off Russian gas, Germany is looking further afield for new supplies including shipments of liquefied natural gas from the United States and Qatar

  • Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will...

    After an extended period of pessimism on trading floors fuelled by soaring inflation, investors are beginning to speculate that the market may have reached its nadir

    The prospect of US rates not rising as fast as previously expected hit the dollar, which has soared in recent months against most other currencies

  • The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria...

    The Trans-Saharan Gas Pipeline (TSGP) would transport billions of cubic metres of gas some 4,128 kilometres (2,565 miles) from Nigeria in West Africa

    Algeria, Africa's largest natural gas exporter, has already seen increased demand following Moscow's invasion of Ukraine

  • French President Emmanuel Macron on Thursday warmly welcomed Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris, with...

    Crown Prince and the French President held an expanded meeting in the presence of the delegations of the two countries, according to Saudi Press Agency

    For western countries desperate to find new sources of energy, the 36-year-old de-facto leader of the world's biggest oil producer has become an essential figure.