Second-quarter revenue reached USD 2.9 billion, up 2.4% from the same period in 2025. Exports totaled USD 1.6 billion, up 7.4%.
Browsing: News
According to the Ministry of Petroleum and Mineral Resources, 14 exploration areas will be offered in two bidding rounds, with deadlines in November and December.
A bill creating an incentive program to boost domestic fertilizer production and reduce import dependence has been approved by the Senate and now heads to the president for sanction.
The think tank provided Bahrain’s aluminum producer with recommendations on the energy transition and emissions reductions. The company’s CEO said the study will serve as a roadmap for sustainable growth and resilience.
Growth was driven by the non-oil sector, which expanded 4.8% during the period, according to the Qatar Central Bank.
Saudi Arabia, the third-largest destination of the product, imported 39,700 tonnes in July, up 26.2% from the same month in 2025. Shipments to the UAE, the second-largest destination, declined.
Revenue rose 10% from the same period in 2025, while net profit increased 25% to USD 216 million. The strong results prompted the company to raise its full-year guidance.
The measure will remain in effect until December 31 and aims to increase the domestic supply of red meat. It covers live sheep as well as beef, lamb, goat, and camel meat.
International Monetary Fund (IMF) mission says the country is expected to post double-digit growth this year and continue rebuilding its economy despite ongoing conflicts and challenges.
Growth in the second quarter was recorded compared with the same period in 2025. The oil sector contracted 24.7%.
Collaboration with Dubai-based Montage Production expands Brazilian company BIG Studios’ presence in the Middle East and strengthens its international expansion strategy.
The entry of the UAE perfume brand into the Brazilian market was negotiated during business meetings held this week at the Tivoli Mofarrej Hotel in São Paulo. Fratelli Al Tawasul is leading the introduction of the products in Brazil.
During a presentation by SCA Brasil Aliança, experts discussed the challenges facing producers who depend on fertilizer. Brazil imports approximately 85% of the fertilizer it consumes.
The International Monetary Fund expects Saudi Arabia’s economy to expand despite the conflict in the Middle East, with oil export revenues supported by higher crude prices.
