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DIEZ profit jumps 64.6% in 2023
The market value of its net assets crossed US$5.66bn.
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IHC posts net profit of US$8.97bn
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent. -
Nvidia profit soars to US$12.3bn
The company's revenue spiked to US$22.1bn. -
Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve that could shed fresh light on the outlook for interest rates. Wall Street shares fell at the opening bell, with downbeat guidance from other tech companies dampening the mood ahead... -
Saudi stock market hits 12,500 points, highest since August 2020
Riyadh, Saudi Arabia - The Saudi Stock Market's general index (TASI) surged past the 12,500-point milestone on Sunday, reaching its highest level since August 2020. The increase can be attributed to the positive momentum generated by the disclosure of financial results, the majority of which met anticipated outcomes. The gains... -
ADNOC L&S profit spikes 138%
Its revenue jumped 41% to US$748 million in 2023. -
Cisco to cut thousands of jobs
Nearly 5% of its workforce will be hit by the cuts. -
ADNOC Drilling profit soars 29%
The company's revenue for the year 2023 was US$3.05bn. -
Barwa Real Estate net profit up
It posted an 8% jump in net profit to US$337m for last year. -
Nissan profit drops to US$195m
Its sales in China slumped 35% from April to December. -
Equinor reports 59% fall in net profit
Its earnings were US$36.2bn, half of what is was in 2022. -
TotalEnergies reports record annual profit
Net profit came in at $21.4 bn, an increase of 4% over 2022. -
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn. -
Exxon Mobil posts bumper profit
The company profit vaulted to US$36bn during the year 2023. -
Emirates Islamic profit rises 71%
The Bank’s total income reached AED 1.2 billion ($326.69 million) -
Gulf Warehousing Company profit down
Its net profit fell 10.24% to US$59.07 million in 2023. -
DIB reports $1.86bn net profit
The bank's income rose by 43% YoY to $5.4 billion. -
Qatar Islamic Bank profit up
It posted a 7.5% jump in net profit to US$1.18bn last year. -
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million. -
Maaden posts net loss in Q3
Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 2023. -
Chevron Q3 profit falls
Its earnings fell to US$6.5bn, down from $11.2bn last year. -
Mashreq’s net profit surges 122%Â
The Return on Equity also achieved a record high, reaching 32.1%. -
United Arab Bank’s net profit rises 76%
The total income for the period was approximately $47 million. -
Nokia to slash 14,000 jobs
It took the decision after posting a drop in Q3 profits. -
Nakilat profit jumps 4.8%
The company's profit swelled to US$327 million in Q3 of 2023. -
Delta posts Q3 profits of $1.1b Â
The company’s revenues rose 11 percent to $15.5 billion. -
QEWC reports 12% profit jump
The Qatari company's net profit for H1 stands at US$211.26m. -
Dlala posts net loss in H1
The company suffered a net loss of US$0.79 million. -
Milaha posts marginal profit in H1
Its net profit jumped 1.1 percent to US$178 million. -
Nakilat profit up 6.1%
The Qatari gas firm's net profit rose to US$213m in H1 of 2023. -
Inma Holding profit tumbles
Its net profit fell 53.8% in H1 of 2023 to US$0.92m. -
Ooredoo posts 20% profit rise
The net profit surged to US$493 million in the first half of 2023. -
QIIB profit climbs 7.7 percent
Its net profit for H1 of 2023 jumped to US$169 million. -
Volvo Cars Q2 net profit $342m
Firm in profit despite high inflation, rising interest rates. -
QIB posts 7.7% profit rise
The net profit shot up to US$538m in H1 of 2023. -
US banks express caution on economy as Fed rate hikes boost earnings
Results of large US banks released underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks. JPMorgan Chase, Citi and Wells Fargo all enjoyed the benefits of being able to charge higher rates on loans, while not suffering much from elevated... -
RAK Ceramics’ profit soars in Q1
The profit rose to US$22mn on the back of higher revenue. -
Allianz Q1 posts net profit $2.2bn
Firm said the profit was driven by higher prices for policies. -
ADNIC records 17% profit rise
The firm's net profit soared to US$27.14mn in Q1 of 2023. -
QGIRCO reports Q1 profit drop
The insurance firm's net profit fell to US$12.36 million. -
Beema’s Q1 profit soars
The firm recorded a jump in the net profit to US$3.73mn. -
Alkhaleej Insurance posts profit
Its net profit soared 33% to US$7.49mn for Q1 of 2023. -
Barclays Q1 net profit at $2.2bn
The bank's profit was boosted by rising interest rates. -
Novartis Q1 profit at $2.3bn
Heart disease, cancer medicines helped enhance revenue. -
United Airlines reports Q1 loss
The US airline posted a quarterly loss of US$194mn. -
Agility posts US$221m profit
Its revenue for 2022 rose to US$2.8bn, a 78% jump. -
Huawei posts 69% fall in profits
Its net profit recorded a drastic drop to US$5.2 billion. -
ADNOC Gas records earnings’ rise
ADNOC sold 5% stake in ADNOC Gas to investors through an IPO. -
KIPCO’s 2022 profit soars 44%Â
Earnings per share went up 15% to $2.3 cents. -
Rosneft 2022 profit at $10.5bn
Firm said non-monetary factors played a role in earnings. -
Saudi Steel Pipe’s profit up
Its profit shot up more than 5,000% to $14.45m in 2022.