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Amanat FY 2023 revenue $195m
The company's revenue grew by 40 percent year-on-year.
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Maaden posts net loss in Q3
Sales revenue was US$1.6 billion (SAR 6.22 billion) in Q3 2023. -
Bupa Arabia’s 9M 2023 up 27%
The third quarter net profit fell 23% compared to the Q3 2022. -
Ooredoo net profit up
Its revenue rose to US$4.72bn in the first 9 months of 2023. -
Burjeel Holdings profit surges
Its revenue spiked to US$898m in the first 9 months of 2023. -
EITC Q3 profit soars 57.7%
Its revenues grew 3.7% to US$896 million in the quarter. -
SABIC Agri-Nutrients profit falls
SABIC Agri-Nutrients Q3 net profit fell 55% to $280 million. -
HSBC Q3 profit up
Its pre-tax profit more than doubled to US$7.7bn. -
Esports scores big for Saudi economy, culture & jobs
The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024. -
Multiply Group profit soars
Its Q3 revenue posted a 24 percent jump to US$96 million. -
Volkswagen revenue up
The automaker made sales to the tune of US$83.5bn in Q3. -
FAB net profit up $3.4bn in 9M 2023
The bank reported total revenue of $5.6 billion. -
Netflix subscriber base swells with ads and password crackdown
Netflix shares leapt more than 12 percent to $43.31 in after-market trades on the Nasdaq exchange. The streaming service said in an earnings report that its nascent ad-supported offering was gaining traction, with the number of users increasing nearly 70 percent over the quarter. -
United Airlines Q3 profit up
The airlines' net income stood at US$1.1bn, up 20.7 percent. -
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023. -
Saudi business sector’s operating revenues at US$1.36trn in 2022, says GASTAT
RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues to US$1.35 trillion (SAR 5.07 trillion) in 2022. Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics (GASTAT). The business... -
JPMorgan Q3 profit at $13.2bn
The bank’s revenues rose 22 percent to US$39.9 billion. -
Hotels in UAE generate revenues of US$7bn in first seven months, says minister
ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of US$7 billion (AED 26 billion), said Abdullah bin Touq Al Marri, Minister of Economy and Head of the Emirates Tourism Council. The hotels witnessed a growth of up to 24... -
Qatar’s Q2 2023 budget posts record surplus of US$2.7bn
DOHA, QATAR - The Ministry of Finance announced that the budget of Qatar for the second quarter of the year 2023 recorded a surplus of US$2.7 billion (QR 10 billion). In its briefing on the actual data of Qatar's budget in the second quarter (Q2) of 2023, the ministry said... -
DIEZ reports 5% rise in revenue
The company logged a 34% surge in EBITDA. -
Gulf Hotels Group profit up
It posted a jump in net profit in Q2 to US$2.92 million. -
AD Ports Q2 revenue grows 66%
The company attributed growth to increased volume across key sectors. -
TAQA H1 net income $3.67bn
The group revenues were AED 26.8 billion, 5% higher than H1,2022. -
DEWA Q2 revenue $2bn
Consolidated revenue of DEWA rose 4.1 percent in Q2. -
Emaar reports 15% profit growth in H1 2023
The company achieved property sales of $5.5bn in the period. -
Dana Gas logs $83m net profit
Revenue for the first half decreased 22% to $222 million. -
Aramex profit plunges 53%
Its net profit for H1 of 2023 stood at US$11.70 million. -
Zain Group profit jumps 14%
Its net profit for Q2of 2023 rose to US$187m. -
QEWC reports 12% profit jump
The Qatari company's net profit for H1 stands at US$211.26m. -
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals. -
ADNOC Gas H1 revenue $10.6bn
The decline in revenue is due to lower gas prices. -
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. -
Americana posts $144m H1 net profit
The company reported revenues of $1.24 billion for H1. -
Saudi Arabia posts budget deficit of US$1.41 billion in Q2 2023
RIYADH, SAUDI ARABIA - Saudi Arabia posted a budget deficit of SAR5.3 billion ($1.41 billion) in the second quarter of 2023, the finance ministry said on Thursday. Saudi Arabia, the world's top oil exporter, recorded a budget surplus of almost $30 billion in 2022 as the high prices of the... -
Agthia Group profit vaults 6.6%
The net profit rose to US$39.21m in H1 of 2023. -
TECOM Group profit soars 13%
Its net profit vaulted to US$132 million in the first half of 2023. -
Bupa Arabia H1 2023 net profit $149m
Rise was driven by a jump in insurance revenue. -
Aldar Properties Q2 net profit $353m
Aldar recorded AED 2.1 billion in net profits for the first half of 2023. -
Aston Martin H1 revenue up
Revenue accelerated 25 percent to US$877 million. -
Kuwait posts fiscal surplus after almost a decade, says finance ministry
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry said, crediting last year's surge in oil prices. The Gulf emirate, whose revenues rely heavily on hydrocarbons, closed its fiscal balance with a surplus of $21 billion, the ministry said. -
DIB H1 2023 net profit $844m Â
Profit driven by core revenues, effective cost management. -
Netflix adds 6m subscribers
The spike in numbers comes after password crackdown. -
Jarir Marketing H1 net profit down 4.4%
The company's sales increased by 19.92 percent. -
CBD H1 2023 net profit $133m
Profit is a 41.5 percent jump compared to H1 2022. -
Taaleem nine-month revenue up 30.3%
The revenue for the period ended May 2023 reached $193m. -
Dubai’s RTA digital channels generate revenue of US$953m in 2022
DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al Tayer said that RTA recorded 814 million digital transactions in 2022. “In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate... -
Iraq exports crude oil worth over US$7bn in June 2023
BAGHDAD, IRAQ - Total crude oil exports in June reached over 100 million barrels, the Iraqi government said in a statement. The preliminary statistics issued by the Iraqi Oil Marketing Company (SOMO) revealed that total crude oil exports in June generated revenue of approximately US$7.115 billion. The majority of these... -
Iran makes US$54 billion in revenue from export of oil in 2022
Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according to US Energy Information Administration (EIA) estimate. OPEC members earned about $888 billion in net oil export revenue last year. That’s what the US Energy Information Administration (EIA) estimates in... -
Price monetary policy tools strong in managing public funds: Iraq official
Baghdad, Iraq-- An advisor to Iraq's Prime Minister said the country has effective price monetary policy tools to manage public funds. Mudher Muhammed Salih, the advisor to the Prime Minister for Financial Affairs, emphasized the effectiveness of quantitative and price monetary policy tools in managing public funds and discussed factors... -
Suez Canal annual revenue hits record $9.4bn
Cairo, Turkey – Suez Canal revenue surged by 35 percent to $9.4 billion in the financial year 2022-23, up $7 billion from the previous year, Suez Canal Authority (SCA) Chairman Osama Rabie said on Wednesday. Addressing a press conference on Wednesday, Rabie attributed the Suez Canal's revenue increase to the...