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Rolls-Royce projects slow recovery into 2021; Reports $5.6bn loss

British engine manufacturer Rolls-Royce has reported a worse-than-expected $5.6 billion loss in 2020 as the pandemic stopped airlines flying while holding on to its...

Zoom’s 4th-quarter profit soars as work-from-home extends into early 2021

The US-based leading provider of video-first unified communications, Zoom Video Communications’ fourth-quarter net profit surged almost 16 times year-on-year, as revenue soared on the...

Remarkable Achievement: Surplus budget reported by UAE for H1 2020

UAE's Ministry of Finance has revealed that the federal government has had a surplus budget for the first (Q1) as well as the second...

Dubai-based DAE lists $672.6mn revenue for H1 2020

One of the largest aircraft leasing companies in the world, Dubai Aerospace Enterprise Ltd (DAE) reported total revenue of $672.6 million for the six...

Pinterest benefits from COVID-19; Surpasses Wall Street expectations

Pinterest, the image-sharing platform has beaten Wall Street's second-quarter revenue expectations. The growth is attributed to more users switching to the platform and its...

Google and others list Huge Profits hours after anti-trust hearings

Global tech giants reported impressive results just hours after their leaders were branded as "cyber barons" by a US Congressional hearing. The results from Amazon,...

Dubai Islamic Bank reports $571.7 Mn net profit for H1 2020

UAE's largest Islamic bank, Dubai Islamic Bank (DIB) has reported a net profit of $571.73 million for the first half (H1) of 2020, a...

Saudi Aramco to reveal Q2 results early August

The world’s largest oil-exporting firm, Saudi Arabia's ARAMCO is expected to reveal its second-quarter results on August 9. The Saudi Tadawul exchange-listed Aramco has declared...
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