BusinessLatest Business and Company Updates
Salik’s 2024 Revenue Climbs 8.7% to AED 2.3 Billion Amid Strategic Expansions
Dubai's exclusive toll gate operator, Salik, reported a net profit of AED 1.16 billion for the fiscal year ending December 31, 2024, reflecting a 5.6% increase from the previous year's AED 1.1 billion. The company's total revenue grew by 8.7% year-on-year, reaching AED 2.3 billion, up from AED 2.1 billion
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Nvidia Shares Plunge Following Cautious Guidance and Chip Delays
Nvidia's stock took a sharp decline on Thursday as the company’s financial outlook failed to meet the sky-high expectations set by Wall Street. The market reaction was swift after Nvidia's earnings report, which revealed a strong performance in the second
Wall Street Turns Bearish on Crude as Supply Risks Loom
Wall Street’s outlook on crude oil for the coming year is growing increasingly cautious, as two major financial institutions, Goldman Sachs Group Inc. and Morgan Stanley, have downgraded their price forecasts. Both banks are now predicting lower average prices for
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
