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Strong growth and lacklustre earnings ‘may squeeze GCC insurers’S&P Global Ratings expects a modest uptick in earnings if insurers continue to reprice underperforming business. Higher investment returns following an increase in interest rates should also support e More… |
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Adnoc Distribution 2022 profit hits $784m; fuel volumes up 8pcAdnoc Distribution has reported strong earnings for full-year 2022, with year-on-year growth in ebitda by 15% to AED3.52 billion ($958.4 million), and net profit by 22% to AED2.75 billion ($784 million) for 2022. More… |
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Adnoc Distribution 2022 profit hits $784m; fuel volumes up 8pcAdnoc Distribution has reported strong earnings for full-year 2022, with year-on-year growth in ebitda by 15% to AED3.52 billion ($958.4 million), and net profit by 22% to AED2.75 billion ($784 million) for 2022. More… |
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GCC banks will start 2023 on solid footing: S&PThe earnings performance of banks in the Gulf Cooperation Council (GCC) will recover almost to pre-pandemic levels in 2022, thanks to the economic recovery, said S&P Global Ratings in a report. Banks More… |
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UAE hotels clock 6m visitors spending 25m nights in Q1Hotels in the UAE attracted nearly six million visitors who spent 25 million hotel nights in the first quarter of 2022, an increase of 10 percent compared with the same period of 2019, a media report said. Moreover, their period o More… |
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Advanced Petrochemicals' earnings down to $44m in Q1Advanced Petrochemicals Company has announced lower-than-expected earnings of SR164 million ($43.6 million) for the first three months of the year. The miss was primarily due to increased other fixed More… |
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ExxonMobil to double earnings, cash flow and cut emissionsExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year. It will increase spending to $15 billio More… |
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ExxonMobil to double earnings, cash flow and cut emissionsExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year. It will increase spending to $15 billio More… |
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ExxonMobil to double earnings, cash flow and cut emissionsExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year. It will increase spending to $15 billio More… |
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ExxonMobil to double earnings, cash flow and cut emissionsExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year. It will increase spending to $15 billio More… |
