BusinessLatest Business and Company Updates
Aramco earnings fall as oil prices weaken
Saudi Aramco reported a decline in full-year net profit for 2025, reflecting the impact of lower crude oil and petrochemical prices on the world’s largest energy producer.The company posted net profit of $93.38 billion for the year, an 11.6 per cent fall compared with the previous year. The drop was
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IHC Moves to Commanding Role in India’s Housing Finance Sector
A major cross-border deal is underway as Abu Dhabi’s International Holding Company will invest about ₹8,850 crore to acquire a 43.5 per cent stake in Sammaan Capital, formerly Indiabulls Housing, making IHC the company’s key promoter and granting
ADNOC Secures $500 Million AI-Driven Reinsurance Pact
Abu Dhabi National Oil Company has entered an agreement with RIQ to secure over $500 million in risk coverage across the next ten years. The AI-driven reinsurance platform, backed by International Holding Company, will work closely with ADNOC to structure
Aldar advances Abu Dhabi housing expansion
Aldar Properties is set to begin construction of nearly 3,000 new homes across Abu Dhabi this year, signalling a significant acceleration in residential supply as population growth, job creation and investment inflows sustain demand across the capital’s prime districts. The
