The company's revenue spiked to US$22.1bn.
Dubai property transactions up 50 percent in Q2: Report
Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from buyers who are drawn by visa reforms, the emirate’s quality of life and comparatively attractive pricing, according to a report.
Dubai Airports expects robust growth for DXB in H2
DXB is currently serving 68 percent of the destinations in 94 percent of the countries on 70 percent of the airlines compared to before the COVID-19 pandemic.
Saudi banks net profit up to $2.94bn in Q2
In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.
Saudi Arabia issues record 478 licenses in first quarter
Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies, 59 percent of new investment projects in Q1 2021 were full foreign ownership, with the remainder being joint ventures with local investors.
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in key markets also aided in the rise.
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.
Dubai-Korea relations strengthen with $882m bilateral trade in Q1
Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed Mahboob Musabih, Director General of Dubai Customs, said.
HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter.
Foreign investors help DFM post $10.56m net profit in H1
The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to AED 44.2 million in the corresponding quarter last year.
Tesla quarterly profits top $1 billion for first time
Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the quarter, up from $104 million in the year-ago
UAE banks make profit again as economy picks up speed
Top banks of UAE banks record more profit than last year Income rose by 85 percent during the first quarter of this fiscal The net income of the top United Arab Emirates (UAE) banks has spiked by 85 percent in the first quarter of the year as economic...
