Articles
Dubai's non-oil economy strengthened on output expansion and new business
Output levels rise considerably and business activity remains sharp, purchasing manager's index shows
Adnoc Gas awards $3.6bn contract to expand processing infrastructure
The agreement will maximise feedstock from company plants to meet future demand from customers
Dubai economy grew 2.8% in first quarter, extending 2022's robust momentum
Real gross domestic product climbed to $30.3 billion
EV maker Lucid sticks to annual production target despite revenue miss
Supply challenges, Tesla price cuts and entry by mainstream car makers are among the challenges it faces
Saudi Aramco profit slides to $30 billion on lower oil prices
World's largest oil-producing company declares $29.4bn in dividends to be paid in the third quarter
Borouge reports second-quarter profit of $229m
Company's board endorses an interim dividend of $650 million
Emirates NBD profit jumps 78% on interest income boost
Quarterly net income for the three months to the end of June climbed to $1.69 billion
GCC central banks raise interest rates as Fed benchmark hits 22-year high
US regulator increased its policy rate for the 11th time since it started its monetary tightening cycle in March 2022
IMF raises global economic outlook but challenges remain
Priority for most economies remains to achieve sustained disinflation while ensuring financial stability
Bain agrees to buy 90% of Adani Capital and Adani Housing
The deal will expand lending to underserved small businesses and Gaurav Gupta will continue to serve as managing director and chief executive
Lebanese feel the pinch as leadership vacuum stokes inflation further
June consumer price index was about 7.2 per cent higher than the previous month
Musk sheds $20bn after Tesla shares slide on lower margins and price cuts
Electric Vehicle maker's shares closed down about 10 per cent on Thursday a day after the company announced its earnings
Bank of America profit surges 19% on higher interest income
Net income jumped to $7.4bn as revenue, net of interest expense, increased 11% to $25.2bn
China's economy expands 6.3% in Q2 but misses estimates
Retail sales grew 3.1 per cent in June, slowing from a 12.7 per cent in May
JP Morgan profit soars 67% on higher interest rate income
US lender's net income surged to $14.5bn in three months to end of June
