Amanat FY 2023 revenue $195m
The company's revenue grew by 40 percent year-on-year.
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...Dana Gas to hike its foreign ownership limit to 100 percent
Sharjah, UAE--With an aim to bolster the country's capital markets, the Sharjah-based company Dana Gas has revealed that it will raise its foreign ownership limit to 100 percent. The company said that it had obtained the approval of the regulatory authorities to raise the percentage of foreign ownership from 49...2 million tourists visit Jordan in first quarter of 2023
Dead Sea, Jordan -- Almost 2 million people visited Jordan in first quarter of 2023, an 87.2 percent increase compared to the first third of 2022, the Tourism Minister of Jordan, Makram Qaisi said Monday. He said that the "tourism sector has begun to recover and grow at a high...AD Ports Q1 revenue is $494m
The group's EBITDA also rose by 33 percent YoY.RAK Ceramics’ profit soars in Q1
The profit rose to US$22mn on the back of higher revenue.Salik Q1 net profit $74.89m
Salik recorded the highest level of quarterly revenue-generating trips.Emaar Properties logs 43% growth
The firm recorded a net profit of $873 million.Arabian Cement Q1 net profit $13.11m
The net profit increased by 17 percent in Q1 compared to Q1 2022,stc Q1 revenue $4.84 billion
This is the company's highest-ever quarterly revenue.ADNOC Gas Q1 net income up 9%
The company's revenue for the quarter was $5.2 billion.Dana Gas posts fall in profit
Its net profit fell 7 percent to US$50 million in Q1 of 2023.Union Properties profit is $3.3m
Revenue increased to $33.21 million, up 16 percent.Burjeel Holdings Q1 profit $33m
The company posted Q1 revenue of US$299 million.Fertiglobe Q1 net profit $135m
The company posted Q1 revenue of US$694 million.Yahsat posts record Q1 revenue
Net income increased by 35 percent during the quarter.DEWA Q1 profit $207.8m
Growth in revenue driven by surge in demand for electricity, water.Alpha Dhabi logs $2bn profit
Revenues also grew significantly to reach $3.26 bn.EITC posts Q1 revenue at $936m
Revenue is due to demand for fixed, mobile services.Ford reports solid performance
The company's profits came in at $1.8 billion.e& profit at US$600mn in Q1
Its consolidated revenues rise to US$3.53bn in Q1 of 2023.Trina Solar revenue up 83%
Trina's market share of 210mm module shipments was more than 50%.NBF Q1 net profit up 151 percent
The bank's operating profit rose by 35.7 percent compared with Q1 2022.Boeing Q1 loss $425m
Boeing's loss in the first quarter of 2022 was $1.2 billion.Sahara Q1 net profit $125m
The net profit plunged by more than 56 percent compared to Q1 2022.P&G earnings solid on higher pricings
Its Q1 profits rose 1% to $3.4 billion, on a 4% increase in revenues.DIB Q1 profit up
Net financing and sukuk investments stood at $65.35bn.UAB net profit up 80% in Q1
The bank said its total operating income grew by 5% in Q1.Agthia to pay $17.7m in dividends
The company paid a total of $35.56m in dividends for 2022.Jordan’s tourism income grows by 88.4 percent in first quarter
Dubai, UAE – Jordan’s tourism revenue increased by 88.4 percent in the first quarter of 2023 to reach 1.18 billion Jordanian dinars ($1.66 billion) as nearly 1.5 million tourists visited the country. The Central Bank of Jordan said the tourism income during March grew by 49 percent year on year...Saudi Amiantit Q1 profit $0.5m
The net profit was down 78% compared to the previous quarter.Twitter ad ‘to fall’ 28% in 2023
Major advertisers suspended Twitter activity after Musk took over.DIEZ profit zooms 42%
The company reported a 9 percent rise in rental revenue.Zain KSA posts record profit
The company's profit vaulted 157% to US$147m in 2022.KIPCO’s 2022 profit soars 44%Â
Earnings per share went up 15% to $2.3 cents.Arabian Drilling posts profit
The company posted a 23% increase in revenue.DP World 2022 revenue up 58%
The EBITDA increased by 31 percent to $5 billion.Ducab 2022 revenues up 19%
The company said the metal business alone grew by over 23 percent.Lego to gain market share
Excluding currency effects, the sales gain was 11 percent.Norway earns record oil, gas revenue after Ukraine war prices rise
Norway earned 1.5 trillion kroner ($140 billion) in revenues from oil and gas, according to estimates by Statistics Norway (SSB). It was "by far the highest ever recorded in the statistics" and almost three times the 498 billion kroner earned in 2021, according to SSB.ACWA Power logs 411m profit
The company's operating profit rose 13.5% to $696 million.VW 2022 net profit at $16.7bn
Firm booked profit despite supply chain disruptions.Lebanon to raise import tariffs for second time in three months
Beirut, Lebanon--Lebanon intends to triple the tariffs it charges on imports in local currency, as the state seeks to boost its revenues amid a worsening economic crisis. Caretaker finance minister Youssef Khalil requested to change the rate at which customs fees are calculated from 15,000 pounds per U.S. dollar to...SABIC Agri profit $2.7 bn
The net profit for the year nearly doubled compared to 2021.RAKEZ supports F&B industry investors to set up, expand in UAE
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Gulfood exhibition to showcase its business solutions for global investors in the Food and Beverage (F&B) industry who want to establish and expand their operations in the UAE. With an aim to promote the F&B...STC posts record net profit
The company posted a record net profit of $3.2bn in 2022.DIFC achieves high growth in 2022, driven by fintech, innovation
DUBAI, UAE - Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 percent from 3,644 in 2021 to 4,377 in 2022. New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the...Saudi Steel Pipe’s profit up
Its profit shot up more than 5,000% to $14.45m in 2022.UAB 2022 net profit at US$42m
Total operating income rose 11% in 2022 compared to 2021.Centrica 2022 profit US$4bn Â
Firm's profit rose due to gas and crude oil prices spike.Milaha’s profit up by 40%
The company's net profit in 2022 jumped to $278 million.