Saudi conglomerate Kingdom Holding Company (KHC) reported lower net profit for the first half and second quarter of 2026, citing weaker dividend income, higher operating costs and increased taxation. Net profit fell 38 percent to SAR602 million ($160 million) from SAR837 million…
Curated by CityCalc from AGBI. Read the full article at the source.
Related articles
- CBE forms inter-ministerial working group to develop Sustainable Finance Taxonomy — The Central Bank of Egypt (CBE) has launched the preparatory process for developing a Sustainable Finance Taxonomy, forming an inter-ministe
- Dubai launches free self-driving taxi service — Dubai has launched its first autonomous taxi service, allowing members of the public to book free rides in two areas of the emirate as it pr
- Revolut wins preliminary UAE crypto licence approval — UK fintech Revolut has secured regulatory approval to offer cryptocurrency services in the UAE, paving the way for it to launch its full sui
- Egyptian government outlines second tax facility package targeting industry and capital markets — Egypt plans to replace its capital gains tax on stock market transactions with a stamp duty and cut value-added tax (VAT) on medical devices
- Iraq Says Saddam Son-in-Law Plotted to Kill Security Chief — Curated from Asharq Al-Awsat.