Abu Dhabi's IHC more than doubles net profit in first nine months of 2026 | The National
Real estate and construction activity continues to support its revenue
Business
Saudi utility giant Acwa’s Q3 net profit jumps 71% to $169m
Saudi utility giant Acwa reported a 71.1% year-on-year increase in Q3 net profit, reaching SR635.1 million ($169.4 million), driven by higher contributions from equity-accounted investees and strong gross profit. Revenue rose 32.7% to SR2.2 billion, with operating profit up 88.2%. For the first nine months of 2026, net profit edged up 0.6% to SR1.29 billion.
Business
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
IHC’s profit jumps 87% to Dh32.3 billion as international revenues more than double
International Holding Company, which has exposure to SpaceX, OpenAI, Anthropic and Cerebras, saw its revenue from energy and mining nearly quadrupling and international revenue more than doubling