THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
Volkswagen Nine-Month Operating Result Falls to €71 Million
Volkswagen Group's nine-month operating result fell to €71 million from €5.4 billion a year earlier, mainly on special items led by a…
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Saudi Results: Riyadh Cables Profit Up 11.9% Over Nine Months
Of the morning's nine-month filers on the Saudi Exchange on 29 October, Riyadh Cables posted the largest profit, up 11.9% to SAR…
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Societe Generale Q3 Net Income Rises 24.1% to €1.89 Billion
Among European banks reporting on 29 October, Societe Generale lifted third-quarter group net income 24.1% to €1.89 billion, which the French bank…
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Kuwait Corporates: Gulf Cables Receives KWD 2.9 Million Order
Gulf Cables led the orders and nine-month results listed on Boursa Kuwait on the morning of 29 October, with a KWD 2.9…
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Japan Results: Takeda Operating Profit Jumps 60.4% in First Half
Five large Japanese companies reported results on 29 October, led by Takeda Pharmaceutical, whose first-half operating profit jumped 60.4% to JPY 406.7…
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Egypt Results: Abu Qir Nine-Month Profit Rises 103% to EGP 12.97bn
In nine-month results filed on the Egyptian Exchange on 28 and 29 October, Abu Qir Fertilizers more than doubled its net profit…
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Oman Corporates: Al Batinah and Al Suwadi Power Refinance Debt to 2042
Boards of 10 Muscat-listed companies approved nine-month accounts in filings on 29 October, and Al Batinah Power and Al Suwadi Power completed…
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Samsung Chip Unit Earns KRW 106.5 Trillion, SK hynix Margin at 80%
Samsung Electronics' semiconductor division earned KRW 106.5 trillion, or $79.6 billion, of operating profit in the third quarter, nearly all of the…
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Oracle Sets $225bn+ FY30 Revenue Goal and Caps New Raises at $20bn
Oracle set a goal of at least $225bn in total revenue for fiscal 2030 at its Investor Day on 28 October, and…
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Microsoft Revenue Rises 19% as Azure Growth Reaches 48%
Microsoft's revenue rose 19% to $92.3bn in its fiscal first quarter to 30 September, as growth at its Azure cloud platform quickened…
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Alphabet Q3 Revenue Rises 25%, Net Income to Common Falls 25%
Alphabet's third-quarter revenue rose 25% to $127.6bn, yet net income available to common stockholders fell as a loss on equity securities replaced…
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Kuwait Cement's Nine-Month Profit Rises 38.4%, Its Quarter Slips
Kuwait Cement led the day's Boursa Kuwait disclosures with nine-month profit up 38.4% on an operations recovery that its own third quarter…
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Industries Qatar Posts QAR 809.2 Million Loss, Ooredoo Profit Dips
Industries Qatar, the petrochemicals, fertiliser and steel group, swung to a nine-month net loss of QAR 809.2 million from a QAR 3.37…
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Kuwait's ABK Nine-Month Profit Rises 16.2% to KWD 54.2 Million
Al Ahli Bank of Kuwait (ABK) lifted nine-month attributable profit 16.2% and Bank of Bahrain and Kuwait (BBK) raised attributable net profit…
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Saudi Corporates: stc Nine-Month Profit Falls 5.7%, AMAK 26.4%
Saudi Telecom Company (stc) earned SAR 10.92 billion in the nine months to September, down 5.7% on a year earlier, in results…
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Qatar Results: Estithmar Nine-Month Profit Rises 2.1%
Estithmar Holding's nine-month profit rose 2.1% to QAR 743.0 million in results filed on 28 October; Al Mahhar Holding and Alkhaleej Takaful…
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Mercedes-Benz Lifts Q3 Net Profit to €1.52 Billion After Outlook Cut
Mercedes-Benz lifted third-quarter net profit to €1.52 billion on Wednesday, a day after cutting its 2026 car margin guidance, while Stellantis narrowed…
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Qatar Corporates: Al-Rayan Bank Nine-Month Profit Falls 26.0%
Al-Rayan Bank's nine-month profit fell 26.0% and Baladna's third-quarter profit 57.1%, leading two days of Qatari interim filings that also included Qatar…
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BNP Paribas Lifts Q3 Net Income 13.5% to €3.46 Billion
BNP Paribas lifted third-quarter net income 13.5% to €3.46 billion on Wednesday, and UBS, Santander, Deutsche Bank and Standard Chartered also reported…
Read more →Kuwait Corporates: Burgan Bank Earns KWD 22.2 Million, Down 31.5%
Companies listed on Boursa Kuwait filed nine-month results and disclosures on 28 October: Burgan Bank's profit attributable to shareholders fell 31.5% to…
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Saudi Results: Bahri Nine-Month Profit Jumps 587% to SAR 9.98bn
Bahri's nine-month profit rose 587% to SAR 9.98 billion on busier operations and higher global freight rates, the shipper said, in Saudi…
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UAE's Americana Nine-Month Profit Rises 60.4 Percent
Americana Restaurants International lifted net profit 60.4 percent to 217.2 million dollars in the first nine months of 2026, on revenue 12.9…
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Visa Profit Rises 18 Percent in Its Fiscal Fourth Quarter
Visa earned 6.0 billion dollars in its fiscal fourth quarter to 30 September, up 18 percent from a year earlier, as net…
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Almarai Enters Red Meat With an Estimated 500 Million Riyal Investment
Almarai is entering the red meat category with a new brand, HABOOR, and an investment it puts at an estimated half a…
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UAE’s Etisalat Nine-Month Profit Rises 45.9 Percent on Vodafone Sale
Etisalat Group's net profit attributable to shareholders, after federal royalty and corporate tax, rose 45.9 percent to 17.24 billion dirhams in the…
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UAE's ECI Insures Up to 100 Million Dollars of a Trafigura Facility
Etihad Credit Insurance (ECI), the UAE's federal export credit company, will insure up to 100 million dollars of a 150 million dollar…
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UAE Results: ADIB Nine-Month Pre-Tax Profit Rises 6 Percent
Abu Dhabi Islamic Bank (ADIB) earned 6.43 billion dirhams before tax in the first nine months of 2026, up 6 percent on…
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Qatar Results: Aamal Earns 287.2 Million Riyals in Nine Months
Aamal reported a nine-month net profit of 287.2 million riyals, the largest of the three Qatari nine-month results disclosed so far on…
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Aldar 9-Month Profit Rises 19 Percent to 7.1 Billion Dirhams
Aldar Properties earned 7.1 billion dirhams after tax in the first 9 months of 2026, up 19 percent on a year earlier.…
Read more →Kuwait Corporates: Kuwait Re Q3 Profit Rises 42.8 Percent
Kuwait Reinsurance Company earned 4.91 million dinars in the third quarter of 2026, up 42.8 percent from 3.44 million dinars a year…
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ADNOC Drilling Earns 1.07 Billion Dollars in Nine Months
ADNOC Drilling earned 1,072 million dollars in net profit in the first nine months of 2026, the Abu Dhabi driller said on…
Read more →Saudi Miller First Milling Earns 230.8 Million Riyals in Nine Months
First Milling earned 230.8 million riyals in the first nine months of 2026, up 13.9 percent. Its revenue rose 21.3 percent to…
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HSBC Q3 Pre-Tax Profit Rises 32 Percent on Lower Legal Costs
HSBC Holdings reported profit before tax of 9.6 billion dollars for the third quarter of 2026, up 2.3 billion dollars or 32…
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Eni Signs Cronos Contracts of Up to 1.8 Billion Dollars, Gas to Egypt
Eni signed the main engineering, procurement, construction and drilling contracts for Cyprus's Cronos gas project on 26 October, and the Presidency of…
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US AI Firm Anthropic Files for Nasdaq IPO, Revenue Up 1,300 Percent
Anthropic, the developer of the Claude artificial intelligence models, has filed to list its Class A shares on the Nasdaq Global Select…
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Abu Dhabi's Private Department Eyes 1.2 Billion Dollars for LNG Fund
The Private Department of Sheikh Mohammed bin Khalid Al Nahyan, which is headquartered in Abu Dhabi, has launched an LNG fund. It…
Read more →Most Read
- Europe Market Wrap 19 October: All Nine Indices Fall as France’s Fiscal Worries Spread
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
- US Market Wrap 12 October: The Dow Alone Rises 0.38 Percent as the Nasdaq 100 Falls 0.71 Percent
- Europe Market Wrap 16 October: All Nine Indices Rise to Cap the Stoxx 600’s Best Week Since June
- Asia Market Wrap 7 October: All Eight Indices Fall as Seoul Drops 1.98 Percent