Aramco’s Profits Jump 30% to $21.7bn

Aramco’s Profits Jump 30% to $21.7bn

Saudi oil giant Aramco reported a 30% YoY jump in Q1 net income to $21.7bn, declaring a dividend of $18.8bn to be paid in Q2. The company credited higher oil prices and an improved economic environment for the strong results as it saw higher refining and chemicals...
ADIB Profits More Than Double to $166mn

ADIB Profits More Than Double to $166mn

Abu Dhabi Islamic Bank  reported Q1 net profits of AED 608mn ($165mn), up 125% YoY with a revenue increase of 3.3% YoY to AED 1.336bn ($363 mn) and a non-funding income growth of 30%. The bank said it reduced operating expenses by 7% YoY and that total assets rose...
Show Buttons
Hide Buttons