BusinessLatest Business and Company Updates
Aramco’s Q2 Profit Tumbles as Oil Prices Slide
Saudi Arabian Oil Company disclosed net profit of $22.67 billion for the second quarter of 2025, marking a 22 per cent year‑on‑year decline and extending the downturn to its tenth straight quarter. The drop coincided with a missing of the $23.7 billion analyst consensus estimate, underscoring pressure from weakening crude prices and softer demand.Revenue
ADIA Joins Lead Role in GL Capital’s SciClone Continuation Vehicle
A wholly owned subsidiary of the Abu Dhabi Investment Authority has committed as lead investor to a single-asset continuation vehicle by GL Capital centred on SciClone Pharmaceuticals. The move marks a notable entry from a sovereign wealth fund
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
Sammaan Capital Poised for Affordable Housing Push
Sammaan Capital will sharply expand its affordable housing lending operations after Abu Dhabi’s International Holding Company invested $1 billion for a controlling stake, the non-banking lender’s CEO, Gagan Banga, told Reuters. The infusion is expected to accelerate the drive
