NDMC to invest $60m in ADNOC (L&S) IPO
The decision came a day after ADNOC raised the size of the offering.Allen & Overy to merge with US peer
The merged firm will have a combined revenues of $3.4bn.East Pipes, Aramco sign $480m contract
The firm will manufacture pipes for the global energy giant.Maaden Q1 net profit down 81%
The company posted a net profit of $111 million.Ryanair posts bumper profits
Its profit was US$1.5bn in the 12 months to the end of March.Emaar EC Q1 losses $45m
The losses, however, narrowed from $141m in Q4 2022.Empower to run DXB’s cooling system
The airport's cooling systems have a total capacity of 110,000 RTs.Gulf Air, Emirates sign deal
The two airlines announced the start of a codeshare agreement.BT to axe 55,000 employees
BT employs 130,000 staff, including contractors.Walmart hikes 2023 profit forecast
Two thirds of Walmart sales originate from US.easyJet H1 loss $382m
Aviation sector is flying high after a tumultuous periodSaudi German Health Q1 profit $13.33m
The company achieved a 145 percent growth compared to Q1 2022.Aldar raises US$500mn
The 10-year sukuk was priced with a 4.875% coupon rate.Investcorp acquires Jianuo
Jianuo is a leading provider of specialty premium components.Al Seer Marine secures ADNOC investment
The cornerstone investment in ADNOC Logistics is valued $70m.Alcoa, EGA ink supply pact
Alcoa is now EGA's largest third-party supplier of alumina.Khalifa Fund partners with Wio Bank
Wio will offer Khalifa members full digital account onboarding.Masdar, Airbus sign deal
They will support growth of the sustainable aviation fuel market.AD Ports Q1 revenue is $494m
The group's EBITDA also rose by 33 percent YoY.GIG to pay $49m in dividends
This amounts to cash dividend of 54 percent (54 fils per share)Emaar Development reports 26% growth
The company's EBITDA for the quarter was $310 million.TAQA income rises to $3.16bn
The firm reported a 6% increase in group revenues.Telecom Egypt sells 162 million shares
The government sold a 9.5% stake for US$121.6mn.ICIEC inks deal with SNB
ICIEC is world's only multilateral Islamic insurance firm.RAK Ceramics’ profit soars in Q1
The profit rose to US$22mn on the back of higher revenue.Dubai Investments profit up 55%
The Group's income also saw an increase of 34 percent.ADNOC Distribution’s profit up
Its profit vaulted to US$150 million in Q1 of 2023Salik Q1 net profit $74.89m
Salik recorded the highest level of quarterly revenue-generating trips.Tabreed Q1 net profit $64.37m
Tabreed's total connected capacity rose to 1.276 million RT.Allianz Q1 posts net profit $2.2bn
Firm said the profit was driven by higher prices for policies.Toshiba profit down 35%
Operating profit dropped 30.4% to 110.55 billion yen.Emaar Properties logs 43% growth
The firm recorded a net profit of $873 million.Arabian Cement Q1 net profit $13.11m
The net profit increased by 17 percent in Q1 compared to Q1 2022,Aramex Q1 net profit down 49%
Aramex said revenue was impacted by currency fluctuations, etc.Foxconn Q1 profit dips 56%
Foxconn blamed the plunge on weakened demand.e&, Vodafone form relationship
As per pact, e& is a cornerstone shareholder of Vodafone.Emirates Group yearly profit $3bn
The group declared a dividend of $1.2 billion to its owner.Nissan 2022 profit $1.6bn
The company sold 3.16 million vehicles for the year to march 2023.stc Q1 revenue $4.84 billion
This is the company's highest-ever quarterly revenue.ADNOC Gas Q1 net income up 9%
The company's revenue for the quarter was $5.2 billion.SoftBank Group logs $7.2bn loss
The bank took hits across a range of start-up investments.Dana Gas posts fall in profit
Its net profit fell 7 percent to US$50 million in Q1 of 2023.Union Properties profit is $3.3m
Revenue increased to $33.21 million, up 16 percent.Savola Group net profit up 45%
The company posted a net profit of $104 million for the quarter.Petro Rabigh Q1 loss $257m
The company attributed the loss to 'unfavorable market conditions'.Beyon Q1 net profit $47.7m
Revenues for the first quarter increased by 5 percent over Q1 2022.ADNIC records 17% profit rise
The firm's net profit soared to US$27.14mn in Q1 of 2023.Burjeel Holdings Q1 profit $33m
The company posted Q1 revenue of US$299 million.Zain posts Q1 revenue of $639m
The company also posted its highest-ever quarterly profit.Ryanair orders 300 Boeing jets
The $40bn order is the largest ever by an Irish firm for US goods.




















































