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QIIB Nine-Month Profit Rises 1.5% to QR1.115 Billion, Third-Quarter Earnings Dip 1.9%

Qatar International Islamic Bank's net profit rose 1.5% to QR1.115 billion in the first nine months of 2026, while third-quarter profit fell 1.88% to QR401.2 million.

Vodafone Qatar Nine-Month Profit Rises 23.7% to QR611 Million as Service Revenue Grows 8.1%

Vodafone Qatar's net profit rose 23.7% to QR611 million in the first nine months of 2026, as service revenue grew 8.1% to QR2.4 billion.

UAE and Benin Exchange Comprehensive Economic Partnership Agreement as Non-Oil Trade Reaches $2.15 Billion

The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement in Abu Dhabi on Sunday that will cut or remove customs duties on a wide range of goods once ratified.

Gulf Tourism Revenue Rises 9.7% to $131.9 Billion in 2025 as Arrivals Reach 75.7 Million, GCC-Stat Says

Tourism revenue in the six Gulf Cooperation Council states rose 9.7% to $131.9 billion in 2025, while tourist arrivals grew 4.9% to 75.7 million, GCC-Stat said.

Sharjah’s SEWA Commissions Two Power Substations, Builds 15 More at a Cost of AED381.5 Million

The Sharjah Electricity, Water and Gas Authority has commissioned two 33 kV distribution substations and is building 15 more at a total cost of AED381.5 million.

Kuwait Stocks Rise 0.47% as All Indexes Gain, While Qatar Edges Higher and Saudi Shares Slide

Boursa Kuwait's All-Share index rose 38.61 points, or 0.47%, to 8,329.42 on Sunday, as 11 sectors gained after a week of losses. Qatar's index edged up 0.05%.

Muscat Stock Exchange Index Falls 1.37% as Turnover Jumps 73% to OMR55.8 Million

Oman's MSX30 index fell 101.2 points, or 1.37%, to 7,278.18 on Sunday, with 44 stocks declining and only eight advancing.

Eastern Province Cement Third-Quarter Profit Rises 39% to SR50 Million on Higher Sales and Lower Costs

Eastern Province Cement Co. said third-quarter net profit attributable to shareholders rose 38.9% to SR50 million from SR36 million a year earlier.

Saudi Stocks Close 2.65% Lower at Weakest Level Since March 2021, Extending Losing Streak to Five Sessions

The Tadawul All Share Index fell 257.36 points, or 2.65%, to close at 9,438.52 on Sunday, its lowest close since March 2021, as all sectors declined.

Saudi Arabia to Raise Electricity and Water Tariffs From January 2027, Orders SR500 Monthly Allowance for Citizens

Saudi Energy and the National Water Company will raise consumption tariffs from January 1, 2027, as King Salman ordered a SR500 monthly allowance for state employees, retirees and social security families.

Loans at Saudi Listed Banks Top SR3.3 Trillion in Third Quarter, Up 6.4% From a Year Earlier

Loans and advances at the 10 banks listed on the Saudi Exchange's main market reached SR3.31 trillion at the end of September, up 6.37% from a year earlier, according to a Mubasher tally.

Almarai Plans to Enter Red Meat and Seafood With Two New Saudi Plants, Chairman Says

Almarai is preparing to enter the red meat business through a new plant that is nearly complete and is close to opening a seafood plant, its chairman told Al Arabiya.
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