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Kuwait oil price up to $76.28 pb Tuesday

KUWAIT: The price of Kuwaiti oil went up 51 cents to US$76.28 pb on Tuesday, compared to US$75.77 pb the day before, said state news agency (KUNA) reported, citing the Kuwait Petroleum Corporation (KPC) on Wednesday.

On a global scale, the price of t…

Brazil posts $7.6 billion trade surplus in July

BRASÍLIA: Brazil recorded a trade surplus of $7.6 billion in July, the Ministry of Development, Industry, Trade, and Services in Brasília announced on Wednesday, marking a 6.6% decline from the $8.2 billion surplus in July 2023.

According to Agência …

ADNOC LandS announces 31% increase in net profit in H1 2024

ABU DHABI: ADNOC Logistics and Services today announced its second quarter and first half 2024 financial results. During H1 2024, ADNOC LandS recorded a net profit of $401 million (AED1,473 million), equating to $0.05 (AED0.20) per share, an increase …

IHC reports AED41.7 billion revenue in H1 2024

ABU DHABI: International Holding Company (IHC) announced outstanding results for the first half of 2024 with a net profit of AED12.3 billion, marking an 18% jump compared to the same period last year.

In a press release on Wednesday, the company said…

EWEC launches Clean Energy Certificates for first time

ABU DHABI: Emirates Water and Electricity Company (EWEC) today announced the introduction of Clean Energy Certificates (CECs) for energy generated by the UAE’s utility-scale Wind Programme.

The wind energy CECs are available for purchase for the firs…

DIFC, Ripple to accelerate adoption of Blockchain technology

DUBAI: Ripple, a specialised enterprise in blockchain and crypto solutions, has announced plans to partner with DIFC Innovation Hub, the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC) to accelerate blockchain and digi…

Amlak Finance’s H1 2024 net profit hits AED30 million

DUBAI: Amlak Finance has released its financial results for the first half of 2024, reporting a net profit of AED30 million

In a press release, the company’s revenue from financing and investing activities rose by 10% to AED66 million, up from AED60 …

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