Saudi Aramco announces record Q2 and H1 2022 results

Saudi Aramco posts record quarterly profit, announces H1 net income of $87.9bn

Aramco posted a 90 per cent year-on-year increase in net income in Q2 2022 to 48.4bn and declared a dividend of $18.8bn to be paid in Q3

Aldar joins SBTi advisory group/ Greg Fewer, Group Chief Financial and Sustainability Officer at Aldar

Aldar to advise Science Based Targets initiative on net-zero targets for real estate sector

More than 3,000 companies worldwide are working with SBTi to reduce emissions

Ferrari has started a new journey with the 296 GTB

Review: Ferrari has started a new journey with 296 GTB

We test drive the 296 GTB, an evolution of Ferrari’s mid-rear-engined two-seater sports berlinetta concept, featuring a new V6 engine coupled with a plug-in electric motor that packs a punch

Get your child 'Back-to-School' ready

Get your child ‘Back-to-School’ with these retail offers

UAE’s leading retailers have plenty of offers and deals for the new academic year

Abu Dhabi Ports announces Q2 results

UAE’s AD Ports Group sees net profit rise 59% YoY to Dhs300m in Q2 2022

The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2

Showcasing Abu Dhabi as a prime global sporting and entertainment hub

Interview: How Flash Entertainment is showcasing Abu Dhabi as a global sporting and entertainment hub

John Lickrish, CEO of flash entertainment, tells us how the company continues to play a big role in Abu Dhabi’s recent foray into the fast-paced world of esports

How to maximise lead generation using CRM tools?

Investing in a good CRM helps businesses break deliver a memorable customer experience for existing, potential and returning customers

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air to start direct flights to Ras Al Khaimah airport

Gulf Air will commence services to Ras Al Khaimah on October 3 with two weekly flights

Sarah Hewerdine, Head of Marketing at houza.com

Will the latest interest hike spike your dream of buying a home?

Sarah Hewerdine lists out key takeaways of the recent interest rate hike for an everyday home-buyer in the UAE

ACWA Power announes H1 2022 results

ACWA Power reports consolidated net profit of SAR542m in H1 2022, reflecting a 21% YoY rise

ACWA Power reported an adjusted net profit of SAR516m, which was marginally lower than the adjusted net profit of SAR520m earned during the same period last year

EMAAR announces H1 2022 results

UAE’s Emaar reports robust H1 2022 revenue of Dhs13.575bn

Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery

Non-oil trade

Abu Dhabi’s non-oil foreign trade amounts to Dhs124bn in H1 2022

Abu Dhabi registered a 26 per cent growth in exports valued at Dhs49.5 billion during this period

Launching Odyssey into the MENA region

Kanousei Technology launches Odyssey in MENA region

Kanousei Technology’s goal is to get 1,000 companies into the metaverse through Odyssey

Oman Air to operate 48 Match Day Shuttle flights

Oman Air to operate 48 ‘Match Day Shuttle’ flights during FIFA World Cup

The shuttle flights will operate during the FIFA World Cup from November 21 to December 3, 2022

Julphar announces strong Q2 2022 results

UAE’s Julphar reports Dhs419.9m in net sales for Q2 2022, marking a 91% increase over Q2 last year

The results reflect increased focus on Julphar’s core markets in the MENA region, improved market access and the expansion of the company’s product portfolio

OPEC sees global oil market tipping into surplus this quarter

OPEC cut forecasts for the amount of crude it will need to pump in the third quarter by 1.24 million barrels a day to 28.27 million a day

SHUAA Capital reports financial results for Q2 2022

Shuaa Capital reports net loss of Dhs170m for Q2 2022

In the second quarter, Shuaa and its subsidiaries reported a net operating income of Dhs6m compared to Dhs24m in Q1 2022

Saudi Aramco plans to go big carbon storage

Saudi Aramco plans to go big on carbon storage

Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050

King Abdulaziz Port in Dammam breaks container throughput record in June

Saudi Arabia’s SISCO reports 8.7% growth in Q2 revenue to SAR213.2m

The company reported that H1 2022 revenues, excluding accounting construction revenues, were 17.8 per cent behind H1 2021 on the back of weaker Q1 results

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Kalyon Enerji Turkey

Abu Dhabi’s IHC acquires 50% stake in Turkish clean energy company Kalyon Enerji

Kalyon Enerji is owned by the giant Turkish group Kalyon Holding, which operates in the construction, energy and aviation industries

Mohammed Bin Rashid Innovation Fund funds Bayzat

UAE’s MBRIF provides funding support to employee benefits platform Bayzat

Bayzat will use the fund, secured with Mohammed Bin Rashid Innovation Fund’s guarantee, to expand and strengthen its technical development team

Department of Health – Abu Dhabi's Malaffi platform adds new functionality

Department of Health – Abu Dhabi’s Malaffi platform adds new functionality

The new feature predicts the level of risk for an individual patient to develop certain chronic diseases or suffer an acute event

ADNOC awards ADNOC L&S Dhs4.3bn contract to hire jack-up barges to boost offshore operations

ADNOC awards Dhs4.3bn contract to hire jack-up barges to boost offshore operations

The contract was awarded to ADNOC Logistics & Services, which will provide 13 self-propelled jack-up barges to be deployed across ADNOC’s offshore fields

Zainab Kufaishi of Invesco

Invesco, Secura International partner to provide model portfolio solutions

Secura International, headquartered in Abu Dhabi, offers investment and wealth solutions to high-net worth markets in the Middle East, Asia and Africa

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA announces net profit of Dhs3.30bn for H1 2022

DEWA also reported its second quarter 2022 financial results, recording quarterly revenue of Dhs7.01bn and net profit of Dhs2.61bn

Dubai Investments H1 2022

Dubai Investments announces net profit of Dhs364m for H1 2022

The growth in the profit was driven by the continued strong performance of the group’s manufacturing, contracting and services segment

Dubai to host BuildingSMART International’s first branch in the MEA region

Dubai to host BuildingSMART International’s first branch in MEA region

The move underscores Dubai’s regional and international leadership in digital transformation and innovation in the construction and infrastructure sector

Ether leads crypto market surge after CPI report release

Ether leads crypto market surge after CPI report release

Ether’s native token, the second-largest cryptocurrency by market capitalisation, rose around 8 per cent to trade at $1,828 as of 10:17am in New York

Whatsapp new privacy features

WhatsApp’s three new privacy features and how they work

The three news features include the ability to hide your online status, exit groups silently and block screenshots for ‘view once’ images