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Turkish Airlines profits soar
In December, the airline ordered 230 Airbus planes.
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DP World 2023 profit is $1.5bn
The company's revenue grew 6.6 percent to $18.25 billion. -
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth. -
Salik revenue soars to US$574m
Toll usage revenue rose 11.7% YoY to US$502million. -
China pledges to ‘work with all’ for results at Abu Dhabi WTO conference
Abu Dhabi, UAE--China is willing to work with all parties to achieve more pragmatic results at the 13th Ministerial Conference of the World Trade Organisation (WTO) held in Abu Dhabi, according to the country's Commerce Minister Wang Wentao on Sunday. During his meeting with Ngozi Okonjo-Iweala, Director-General of the WTO... -
Americana Restaurants posts profit.
The annual net profit in 2022 was US$470 million. -
DFM net profit climbs 124 percent
Its board has proposed a cash dividend of US$76.24m. -
Ghitha 2023 revenue at $1.2bn
Ghitha reported an operating profit of $69 million in 2023. -
Philips to halt sales of sleep machines in US
It posted losses to the tune of US$502m during the year 2023. -
Global personal computer shipments decline 14.8 percent in 2023
DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase from the fourth quarter of 2022, according to preliminary results by Gartner, Inc. This marks the first time that quarterly shipments have increased after eight straight quarters of decline, a... -
flynas flies over 11m passengers in 2023, up 28 percent from 2022
RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with a historic increase in the number of passengers to over 11.1 million passengers, growing more than 28 percent. The LCC has taken delivery of 19 new aircraft during 2023, upscaling... -
Beltone 9M net profit at $2.7m
In 9M, the firm's restructuring led to a turnaround. -
DEWA Q3 2023 revenue $2.5bn
The revenue was driven by demand for electricity, water. -
Emaar 9M net profit $1.1bn
This is due to the successful launches of new projects. -
Al Ansari 9M profit US$105m
The operating income of the group rose to US$234 million. -
Empower 9M revenue $618m
Firm paid cash dividend of US$115 million. -
stc Group posts 9-month revenue
stc's revenue was $14.5 billion in January-September 2023. -
Arab Bank posts net profit
It posted a profit of $630 million in January-September 2023. -
Ghitha Holding Q3 profit of $33m
The company gained from regional food processing. -
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023. -
Delta posts Q3 profits of $1.1b Â
The company’s revenues rose 11 percent to $15.5 billion. -
ADX profits vault to $11.70bn
It posted gains in one week on the back of company results. -
Empower H1 2023 revenue at $333m
The company’s EBITDA in H1 2023 was US$178 million. -
Burjeel Holdings H1 net profit $61m
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023. -
Lufthansa profit soars
The German airline's net profit climbed to US$964m in Q1. -
Bupa Arabia H1 2023 net profit $149m
Rise was driven by a jump in insurance revenue. -
Tabreed H1 23 net profit $105m
New customers and projects were added in H1 2023. -
DIB H1 2023 net profit $844m Â
Profit driven by core revenues, effective cost management. -
FAB H1 2023 net profit $2.2bn
It is highest ever profit achieved by FAB in a half-year. -
CBD H1 2023 net profit $133m
Profit is a 41.5 percent jump compared to H1 2022. -
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... -
Gulf Union Alahlia Q1 profit $7.5m
Results were due to a fall in insurance services expenses. -
Tawuniya Q1 2023 net profit $20m
Insurance services results in Q1 improved by US$55 million. -
Kuwait elects new parliament dominated by opposition
Lawmakers from opposition won 29 of the 50 seats up for grabs in the election, according to results announced by the official Kuwait News Agency. The vote on Tuesday came after Kuwait's constitutional court in March annulled the results of last year's election -- in which the opposition made significant... -
RAK Ceramics’ profit soars in Q1
The profit rose to US$22mn on the back of higher revenue. -
Emirates Group yearly profit $3bn
The group declared a dividend of $1.2 billion to its owner. -
Burjeel Holdings Q1 profit $33m
The company posted Q1 revenue of US$299 million. -
EITC posts Q1 revenue at $936m
Revenue is due to demand for fixed, mobile services. -
e& profit at US$600mn in Q1
Its consolidated revenues rise to US$3.53bn in Q1 of 2023. -
American Q1 profit at $10m
The airline's revenues were $12.2 billion, up 37 percent. -
China Renaissance, investment bank, suspends share trading
Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results. Bao Fan, the group's billionaire chairman and executive director, went missing in February and was later revealed to be "cooperating" in an official investigation... -
Amanat 2022 net profit up 24%
The net profit for the year was $31.96 million, the firm said. -
UAB 2022 net profit at US$42m
Total operating income rose 11% in 2022 compared to 2021. -
Salama records profit in 2022
The insurance firm posted a net profit of $12.32 million. -
Credit Suisse 2022 loss $7.9bn
Since March 2021, bank's stock lost over 75% of value. -
Telenor 2022 net profit at $4.5bn
Merger of its Malaysian subsidiary with a firm helped. -
ExxonMobil 2022 profit at $55.7bn
Results reflect higher production of oil, natural gas. -
RIL posts Q3 profit of US$1.9b
Profit is 15 percent lower than in the same period last year -
Walmart posts Q3 loss of $1.8bn
Settlement on opioid cases hit earnings of the firm. -
Amanat 9M growth at 6%
Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022. -
Telefonica Q3 profit at $450m
Q3 revenue was up 11.6 percent at US$10.11 billion.