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turbine

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

  • EDGE signs agreement with Turbomachine to jointly build engines

    Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and propellant fan, for EDGE portfolio of UAVs and missiles.The agreement will see EDGE and Turbomachine work closely together on the development of engines, including turbofan and propellant fan, for EDGE’s...

  • Siemens Energy shares fall due to technical problems at wind turbine unit

    FRANKFURT, GERMANY -  Shares in Siemens Energy plummeted on Friday after the company warned that technical problems at its wind turbine unit were worse than previously thought.The group scrapped its full-year profit target and said it was setting aside more than US$1.1 billion (1 billion euros) over the coming years to...

  • DEWA’s new project cuts 44,000 tons of carbon emissions annually

    The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.

  • Siemens posts Q4 profit of $3bn

    Firm posts FY 2021-22 net profits of around US$4.6 billion.

  • ‘Well prepared to tackle Russia’s gas embargo’

    EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. "We are well prepared to resist Russia's extreme use of the gas weapon," he told reporters on the...