“We are investing across three platforms – Chemicals, Gas, and Low Carbon Energies – on an unprecedented scale, building on a $80 billion portfolio of assets to enable a smarter, cleaner, and…
Tag: billion
Emaar Development posts Dh48 billion property sales in first nine months of 2024
From January to September, Emaar Development reported revenue of Dh12.5 billion ($3.4 billion) and EBITDA of Dh6 billion ($1.6 billion), up 69 per cent and 35 per cent from the same period…
Dubai’s Q2 2024 GDP rises 3.3% to reach Dh116 billion
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, announced that…
Talabat's $1 billion IPO in Dubai as soon as next week: Report
Dubai: The initial public offering of Dubai-based food delivery company Talabat looks to be launched as soon as next week, according to Reuters, citing sources familiar with the undisclosed plans. The listing,…
UAE supermarket operator Spinneys hits Dh2.29 billion in 9-month revenues
The DFM-listed supermarket operator recently added Saudi Arabia to its network, and with the first sighting of returns showing up. Spinneys recently paid an interim dividend of Dh102.6 million, or 2.85 fils…
Saudi Arabia's Riyadh Air secures $1.3 billion revolving credit facility for launch
Riyadh: PIF-backed Riyadh Air, Saudi Arabia’s new national airline, announced the successful closing of its inaugural self-arranged Islamic Revolving Credit Facility amounting to SAR3 billion ($1.3 billion). The facility also includes a…
ADNOC Drilling takes in record $1 billion in Q3-2024 revenue
“Key milestones, such as the positive progress of Enersol (the joint venture with Alpha Dhabi) and the successful launch of Turnwell demonstrate our ability to execute on multiple fronts,” said Abdulrahman Abdulla…
Mashreq's 9M pretax profit jumps 9% to Dh6.5 billion
Mashreq’s 9M pretax profit jumps 9% to Dh6.5 billion
Apple ships $6 billion worth of iPhones from India
Apple is expanding its manufacturing network in India at a rapid clip, taking advantage of local subsidies, a skilled workforce and advances in the country’s technological capabilities. India is a crucial part…
Elon Musk's wealth soars $34 billion as Tesla comes roaring back
The pop came after four straight quarters of disappointing earnings for the world’s largest electric-vehicle manufacturer, which has struggled amid slowing consumer demand. Musk’s wealth gain was his third-largest ever and brought…