GCC companies post drop in profits during Q1: KamcoQuarterly profits reported by GCC-listed companies declined year-on-year (y-0-y) during the first quarter (Q1) of the year mainly led by a fall in energy and commodity prices, said Kuwait-based financial powerhouse Kamco in a new report. More… |
Global food commodity prices decline in July, says FAO reportThe benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture Organization of the United Nations (FAO) has reported More… |
Taqa's 2020 net income hits $762m; revenue down 6pcAbu Dhabi National Energy Company (Taqa) has reported a net income of AED2.8 billion ($762 million) for the year ended December 31, 2020, which reflected a significantly lower contribution from the oil and gas segment that was impacted by a AE More… |
350 global experts to attend commodity conference in DubaiOver 350 global industry experts, from over 20 countries, covering the commodity spectrum will attend the seventh edition of the ‘Global Commodity Outlook Conference’ (GCOC), to be held next month in Dubai, UAE. DMCC - More… |
Oil weighed down by demand concernsThe Bloomberg Commodity Index traded higher for the first time in four weeks. While growth-dependent commodities such as crude oil moved lower despite renewed concerns about stability in the Middle East, it was once again the agricultural sector More… |
Sadafco's net profit surges to $14.6m in Q3Saudia Dairy and Foodstuff Company (Sadafco) has announced that its net profit for the three-month period ending on September 30 surged to SR54 million ($14.6 million) on lower international commodity prices combined with favourable sales grow More… |
Sadafco's net profit surges to $14.6m in Q3Saudia Dairy and Foodstuff Company (Sadafco) has announced that its net profit for the three-month period ending on September 30 surged to SR54 million ($14.6 million) on lower international commodity prices combined with favourable sales grow More… |
Commodity markets 'set for uncertainty'The global commodity markets will experience this year uncertainty and volatility that is unprecedented, commodity experts speaking at a major conference in Dubai felt. Renowned commodity experts from across the world gathered yes More… |
Commodity markets 'set for uncertainty'The global commodity markets will experience this year uncertainty and volatility that is unprecedented, commodity experts speaking at a major conference in Dubai felt. Renowned commodity experts from across the world gathered yes More… |
Saudi consumer sentiment strong despite low oil pricesDespite the free fall in oil prices in 2015, Saudi Arabia’s consumer appetite for spending remains strong, with most Saudis envisaging an increase in their spending on general discretionary products, a report said. The consu More… |