PIF opens 3 overseas firms
The new companies’ offices are in London, New York, and Hong Kong.Borouge opens fifth polypropylene unit
PP5 will increase Borouge’s PP annual production capacity by 25 percent.Aramco closes deal with consortium
The Global Investor Consortium acquires 49pc stake in Aramco Gas Pipelines.Etihad Rail and FAB sign pact
The bank will arrange finances worth $541m for passenger transport.Mercedes-Benz posts strong results
Mercedes saw the key measure rise 19.2 bn euros.Petrobras 2021 profit hits $20bn
Debt dropped to $47.62 billion in 2021 from $63.17 billion in 2020.QDB inks deal with QSC
Qatar Development Bank (QDB) will support Qatari entrepreneurs and innovators, small and medium-sized companies, to help diversify the country's economy.Tibbiyah closes IPO at $22 million
Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.Israel Diamond Exchange in Dubai
The exchange is based in Dubai Multi Commodities Centre.ADNOC L&S and AG&P sign storage pact
ADNOC L&S' LNG Carrier Ish will be used as a Floating Storage Facility.Al-Dawaa raises $27bn in IPO
Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to the public.Alibaba shares slump 5%
The drop followed reports that the Ant Group was being probed.Mubadala invests in PDG
Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 millionHSBC 2021 profits double
The London-headquartered bank on Tuesday reported pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before, helped by lower bad loans and operating expenses.Aramco stock rises 4%
Recently, a 4% stake of the oil giant had been transferred to PIF in an $80bn deal.Nahdi posts $226million profit
The Jeddah-based pharma retailer plans to float 30 percent of its capital.Kamco Invest net profit $34m
Total revenue nearly doubles to reach $99.5m in 2021.HMG records 30% spike in profit to $367m
Dr. Sulaiman Al Habib Group, a private health service provider in Saudi Arabia, has posted a 30 percent increase in profit to SR1.37 billion ($367 million) in 2021, up from SR1.05 billion recorded in the previous year.BHM posts 125 percent rise in profit
The company nearly doubled its brokerage revenues in 2021.Saudi Parts Center to list on Nomu
Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a bourse statement.Saudi Ceramics posts $62m profit
Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.PIF to bid for Starbucks stake
Owners of the Starbucks franchise value the business at $15 bn.ADNOC framework agreements declared
The $1.94 bn agreements have been awarded to four companies.Meta settles privacy suit
Facebook-parent has agreed to pay $90 million.Air Arabia profits up 476%
Its profit stood at AED720 million ($196.05 million) in 2021.Zain Group to sell tower infrastructure
PIF-led consortium to buy 80 percent stake in 8,069 towers.Elm to list on TASI
The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.Intel to acquire Tower Semiconductor
The acquisition for around $5.4bn part of Intel's IDM 2.0 strategy.Amanat Holdings income leaps up
Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million as compared to AED70.6 million recorded last year.Engie posts €4.2bn profit
It pointed to energy prices and good asset performance for the rise.Etisalat 2021 revenue up 3.2%
The consolidated revenue stood at AED53.34 billion ($14.52 billion).Mubadala closes Brazil fund
Brazil Special Opportunities Fund I is Mubadala's first fund in Brazil.YGS awarded $247m mandate
The company will provide enhanced managed services to the UAE government.Nawy raises $5m in funding
Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.Apollo to invest in Aldar
Apollo-managed funds and clients will invest $1.4bn in Aldar.DEWA expands fibre optic ducts
The company lays 394 kms of Fibre Optic ducts in 2021.East Pipes to list on TASI
The offer comprised a total of 6.3 million shares.QLM net profit up 8 percent
The insurer reported a growth of 16 percent in underwriting income.Big oil firms rebuked
Big oil companies said their 2021 profits were $66.7 billion.IHC reports $3.08bn profit
The company posted an all-time-high annual revenue in 2021.Alpha Dhabi revenues rise 400 percent
The gross profit in 2021 was AED5.1 billion in 2021, compared to AED 218 m in 2020.Tesla makes 4th car recall
The decision was taken due to a feature that drowns out audible warnings.ADNIC 2021 profit is AED401.8 mn
The Company’s earnings per Share are AED 0.70Agthia Group revenue up 49 percent
The company posted a net profit of $58.81 million in 2021.Milaha 2021 profit $199m
The company's profit in 2020 was $16.20 million.Dana Gas posts $317m profit
The company's revenue rose 30 percent to $452 million in 2021.CBD net profit $394
The bank's assets reach a record AED114 billion: CEOUber reports $892 mn Q4 profit
The San Francisco-based company notched increases across its operations, including its signature ride service, food delivery and freight operations.L’Oreal sales, profits surge
Sales rose by 15.3% from last year to $36.9 bn.Microsoft vows app store fairness
The company is courting favor of antitrust regulators



















































