Dubai / WAM Aramex on Thursday announced its financial results for the first half ending June 30. The company reported revenues of AED2.97 billion, while the net profit stood at AED91.9 million. On a group level, GP margins remained stable over both Q2 and six-month periods, driven by accelerated growth in the Logistics and freight-forwarding business and efficiencies in ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030. The five-year contract was awarded by Adnoc Offshore ...

  Sharjah / WAM Dana Gas on Thursday announced its financial results for the half year ended 30th June 2022. The company generated a net profit of AED407 million or 5.8 fils per share, an 82% increase compared to an adjusted net profit (excluding reversal of impairment) of AED225 million in H1 2021. The gains in Dana Gas’s profitability in ...