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Zawya
9 hours ago
- Business
- Zawya
Egypt: Misr Hotels sees 4.45% YoY lower profits in FY2024/25
Arab Finance: Misr Hotels Company posted 4.45% year-on-year (YoY) lower net profits after tax at EGP 1.389 billion in fiscal year (FY) 2024/2025, compared to EGP 1.454 billion, according to the financial results. The earnings per share (EPS) amounted to EGP 2.62 in the 12-month period that ended on June 30 th, 2025, compared to EGP 1.56 a year earlier. Revenues jumped to EGP 1.906 billion in FY2024/2025 from EGP 1.438 billion in FY2023/24. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Suez Canal Bank sees 70.56% YoY higher profits in H1 2025
Arab Finance: Suez Canal Bank recorded 70.56% higher net profits after tax at EGP 3.083 billion in the first half (H1) of 2025, compared to EGP 1.807 billion, according to the financial statements. The bank reported net interest income amounting to EGP 3.867 billion at the end of June 2025, up year-on-year (YoY) from EGP 2.544 billion. Earnings per share (EPS) increased to EGP 4.17 in H1 2025 from EGP 2.45 in H1 2024. In the three-month period that ended on March 31st, 2025, the bank's net profits jumped by 114.41% YoY to EGP 1.310 billion from EGP 611.248 million. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Oman's first waste-to-energy project takes shape in Barka
Muscat – In a significant step toward sustainable development and circular economy goals, Oman is advancing its first large-scale waste-to-energy (WTE) project in Barka, located in the South Batinah governorate. The strategic initiative, being developed with an investment of RO2.9mn, marks a shift from conventional landfill-based waste disposal to energy recovery through advanced incineration technology. The project aims to process approximately 3,000 tons of municipal solid waste daily, with a projected power generation capacity ranging between 95 and 100 megawatts. Expected to begin commercial operations in the second quarter of 2031, the facility will contribute to reducing around 302,000 tons of waste annually. It will also supply an estimated 260 GWh of renewable electricity per year to the national grid, reinforcing Oman's commitment to green energy solutions. The Ministry of Agriculture, Fisheries and Water Resources says the project is a cornerstone in achieving Oman Vision 2040 goals related to environmental protection, sustainability, and efficient resource utilization. It also aligns with broader efforts to cut carbon emissions and reduce reliance on landfills. Once operational, the Barka waste-to-energy plant is expected to deliver far-reaching environmental and economic benefits, including job creation, innovation in waste management, and enhanced energy security. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Saudi Ground Services posts 32% surge in H1-25 net profits
Riyadh - Saudi Ground Services Company reported 31.68% higher net profits at SAR 197 million during the first half (H1) of 2025, compared to SAR 149.59 million in H1-24. Revenues reached SAR 1.36 billion as of 30 June 2025, an annual increase of 1.54% from SAR 1.33 billion, according to the financial results. Earnings per share (EPS) climbed to SAR 1.05 in H1-25 from SAR 0.80 in H1-24. Financials for Q2 In the second quarter (Q2) of 2025, the company's net profits jumped by 26.69% to SAR 99.37 million from SAR 78.43 million in Q2-24. Revenues stood at SAR 688.94 million in April-June 2025, up 0.35% from SAR 686.51 million in the same period of 2024. Quarter-on-quarter (QoQ), the Q2-25 net profits grew by 1.78% compared to SAR 97.62 million in Q1-25, while the revenues rose by 2.59% from SAR 671.49 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Climate
- Zawya
Jabal Akhdar sees rain, hail as other parts of Oman swelter
RELATED TOPICS OMAN GCC WEATHER Muscat: As many areas across Oman continue to experience high temperatures and humidity, Jabal Akhdar in Al Dakhliyah Governorate enjoyed a spell of moderate rain on Thursday afternoon. The showers, accompanied by hail, contributed to a noticeable drop in temperature across the mountain region. © Muscat Media Group Provided by SyndiGate Media Inc. (
