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BUSINESS

BUSINESS latest

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience
May 13th, 2026 - 05:43 GMT

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 EBITDA at $307 million (+11.7% year-on-year; YoY) and net profit at $210 million (+20.7% YoY). Q1 performance was supported by fuel volume growth, stronger commercial business, higher contribution from non-fuel retail (NFR) and international activities, reflecting ADNOC Distribution’s structural resilience, driven by its diversification across its three customer locations: the UAE, Saudi Arabia and Egypt. Reflecting sustained investments ...
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In light of the repatriation of hundreds of Filipinos ahead of Christmas, Philippine Ambassador Ezzedin Tago expressed gratitude to King Abdullah and the Saudi Arabian government.
December 30th, 2013 - 03:55 GMT

Heart warming: Saudi Arabia made sure deported Filipinos got sent home before Christmas

BlackBerry decided to pull the update after users reported loading issues and crashes.
December 30th, 2013 - 03:55 GMT

Another mishap: BlackBerry withdraws Twitter app update

The KhalifaSat will be the third after DubaiSat1 and DubaiSat2, which have been built in Seoul, under a knowledge-sharing arrangement with the South Korean company Satrec.
December 30th, 2013 - 03:55 GMT

The first UAE-made satellite, KhalifaSat, to be launched into space in 2017

According to Fahmy, the government had to turn to cash in the banks as the country was in a critical situation and the banking sector could help.
December 29th, 2013 - 07:54 GMT

Banking on Egypt's future: why banks loans to the government are a secure investment

“We are seeing some landlords being confident enough to push the button and build or restart projects put on hold after the crisis,” Jones Lang’s Williamson said.
December 29th, 2013 - 06:05 GMT

Are Dubai's office towers emptying up?

The association aims to provide investment opportunities for Saudi investors in Egypt and to resolve the obstacles facing foreign investment, Secretary General of the association Ahmed Darwish said in the statement.
December 29th, 2013 - 02:36 GMT

With Qatar out of the picture, Egypt and Saudi Arabia will be taking their relationship to the next level tomorrow

The Saudi retail sector index jumped over 50 percent in the first nine months of 2013 (Shutterstock)
December 29th, 2013 - 02:09 GMT

Saudi shoppers keep KSA's retail market revenues rising

China is expected to overtake the United States in 2028 to become the world’s largest economy, according to a research report.
December 29th, 2013 - 01:46 GMT

Is China about to overtake the US as the world's largest economy?

With the help of KSA comedian Bader Saleh, 7UP hopes its new campaign will bring laughs--and profits--for the soda brand (Courtesy of You Tube)
December 29th, 2013 - 12:56 GMT

Cold drinks all around for Saudi's "Cool hero" Bader Saleh in new 7UP campaign

Over 98 percent of malware viruses target Android users in Jordan (Shutterstock)
December 29th, 2013 - 12:26 GMT

Android users in Jordan be(mal)ware!

Harvard Business Review is now available in Arabic due to the prominent journal's collaboration with a UAE-based conglomerate (Courtesy of Harvard Business School)
December 29th, 2013 - 11:59 GMT

Hot off the press: Harvard Business Review's Management section now available in Arabic!

Al Bawaba
December 29th, 2013 - 11:36 GMT

Pepsico partners with IIR at Saudi CSR summit

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