Suez Canal revenue jumps 94% despite Houthi Red Sea threats
The Suez Canal Authority's chairman said that the waterway was witnessing “a remarkable improvement despite the geopolitical challenges in the region.”
Business
Saudi food group Savola’s recurring profit rises 26%
Savola Group reported a 26% increase in recurring net profit, reaching SR500 million ($133.3 million) in the first nine months of 2026, driven by higher food processing volumes and cost management. Despite this growth in recurring profits, net profit attributable to shareholders fell 22.2% to SR530 million, influenced by prior non-recurring gains. Additionally, the company declared an interim cash dividend of SR210 million for the first half of 2026.
Business
Oil could fall to $80-$85 after war, while Kevin Warsh believes in pixies, UBS economist says | The National
Paul Donovan says a Democratic Senate could tilt the Federal Reserve towards a more hawkish stance, while questioning the new Fed chairman’s faith in productivity gains
Business
GRB Dairy Foods appoints M.H. Enterprises as UAE distributor
The partnership aims to expand GRB’s market reach and strengthen distribution across retail, e-commerce, food service and wholesale channels in the UAE