Corporate news and announcements from the stock markets of Middle East and North Africa.
SHARJAH — Air Arabia PJSC reported a record third-quarter net profit of AED 656 million, a 16% increase from the same period last year, driven by strong passenger demand and operational efficiency. Revenue for the quarter rose 14% to AED…
DUBAI – BHM Capital Financial Services P.S.C. announced strong financial results for the third quarter of 2025, driven by balanced performance across its business lines and significant growth in its client base. The company reported a 41.38% year-on-year increase in net…
MOUNTAIN VILLAGE: The Weitz Company, a U.S. subsidiary of Orascom Construction PLC, has begun construction on the Four Seasons Resort and Residences Telluride, a landmark luxury development in Colorado’s renowned ski destination, the company announced on Monday. The project, located on…
RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of…
ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet…
ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday. The pact, valued at over…
ABU DHABI: Active Energy Group plc (AEG), a UK-based alternative energy company, announced Wednesday it has signed Heads of Terms with a third-party for the initial phase of its 300-megawatt renewable infrastructure pipeline in the United Arab Emirates. Construction has…
DUBAI: Cybersecurity firm Rapid7 Inc. (NASDAQ: RPD) announced on Wednesday the launch of a local entity and a United Arab Emirates-based instance of its security platform, a strategic move underscoring its commitment to the Gulf region’s growing digital economy. The…
KUWAIT CITY: Kuwait will add 14.05 gigawatts of electricity generation capacity by 2031, the energy minister said Saturday, as the Gulf state races to meet surging demand and avoid future power shortages. Subaih Al-Mukhaizim, minister of electricity, water and renewable…
DAMMAM: The Saudi Authority for Industrial Cities and Technology Zones, known as MODON, has launched a landmark project in Dammam’s First Industrial City: the Multi-Story Factory, the first of its kind in the Arabian Gulf region. The eight-story facility spans…
Dar Global PLC said on Monday it has signed an agreement with Dar Al Arkan Real Estate Development Company to acquire a prime land parcel in Jeddah, Saudi Arabia, for the development of a luxury mixed-use project valued at approximately…
Cash generated from operations surged to $2.63 billion, up 25.6% from the prior year DUBAI: DP World reported robust financial results for the first half of 2025, with revenue rising 20.4% year-over-year to $11.24 billion and adjusted EBITDA climbing 21.4%…