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Arabian Pipes Third-Quarter Profit Falls 78% to SR6.2 Million as Shipping Costs and Lower Sales Bite

Arabian Pipes Company said its third-quarter net profit fell 77.8% to SR6.2 million as geopolitical events and supply chain disruption cut sales and raised shipping costs.

Barwa Real Estate Nine-Month Profit Reaches QR588 Million as Revenue Rises 14%

Barwa Real Estate reported a nine-month net profit attributable to shareholders of QR588 million, as revenue rose 14% and a property revaluation loss weighed on the bottom line.

Chemanol Third-Quarter Loss Narrows 12% to SR41.35 Million as Selling Prices Offset Logistics Costs

Methanol Chemicals Company (Chemanol) said its third-quarter net loss narrowed 11.97% to SR41.35 million as higher selling prices and cost savings offset a 140% jump in logistics costs.

ADES Holding Signs $46 Million Indonesia Offshore Drilling Contract With Pertamina Hulu Mahakam

Saudi-listed ADES Holding signed a contract worth about SR173.14 million ($46.17 million) to deploy the Shelf Drilling Perseverance jackup rig in Indonesia for Pertamina Hulu Mahakam.

NMDC Energy Nine-Month Profit Falls 56% to AED418 Million Even as Revenue Rises 9% to AED14.2 Billion

NMDC Energy's net profit fell 56% to AED418.2 million in the first nine months of 2026, even as revenue rose 9% to AED14.2 billion and its project backlog reached AED33 billion.

Aldar Third-Quarter Profit Rises 25% to AED1.9 Billion as Revenue Climbs 16.4%

Aldar Properties said third-quarter net profit attributable to shareholders rose 25% to AED1.9 billion, while nine-month net profit climbed 19% to AED7.1 billion.

DIP Holding Sets Dubai IPO Price Range at AED1.10 to AED1.15, Seeking Up to AED2 Billion

DIP Holding set the price range for its Dubai Financial Market IPO at AED1.10 to AED1.15 a share, implying a market value of AED9.5 billion to AED10 billion, as subscription opened on October 27.

Kuwait’s stc Nine-Month Profit Rises 1.8% to KD26.3 Million as Revenue Holds at KD256 Million

Kuwait Telecommunications Company (stc) said net profit rose 1.8% to KD26.3 million in the first nine months of 2026, while revenue edged up 0.1% to KD256 million.

ADNOC Drilling Nine-Month Profit Rises 1% to $1.07 Billion, Board Approves $350 Million Third-Quarter Payout

ADNOC Drilling's net profit rose 1% to $1.07 billion in the first nine months of 2026, and its board approved a $350 million third-quarter dividend.

Saudi Arabia Issues More Than 2 Million Property Records as Registration Expands to Over 5 Million Properties

Saudi Arabia has issued more than 2 million real estate records under its property registration law, with more than 5 million properties now in areas announced for registration.

Oman’s Keryas Paper and Al Karama Hypermarket Plan $12 Million Tissue Mill in Sohar

Keryas Paper Industry and Al Karama Hypermarket Group plan a 20,000-tonne-a-year tissue plant at Sohar Industrial City with a proposed investment of about $12 million.

Dubai’s DMCC Signs HRD Antwerp Education Pact at Diamond Conference, Cites Record $41.7 Billion Diamond Trade in 2025

DMCC has partnered with HRD Antwerp to offer diamond grading, gemology and jewelry design courses in the UAE, as its chief said Dubai's diamond trade hit a record $41.7 billion in 2025.
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