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
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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
Arada Lists US$450 Million Sukuk on Nasdaq Dubai Amid Strong Demand
Nasdaq Dubai has admitted a US$450 million Sukuk issued by Arada Developments LLC under Arada Sukuk 2 Limited’s US$1 billion trust certificate programme. The securities carry a maturity in 2030 and were priced at a profit rate of 7.150 percent.The
VFS Global Secures 7-Year Dollar Loan at Tightened Spread
VFS Global has priced a seven-year USD tranche of $1,010 million at 250 basis points over SOFR, marking a 50bps tightening from its previous guidance.The loan forms part of a dual-currency raise, with an equivalent euro tranche also in play
