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Logistics (MENA) 
Empower’s 2Q revenues are up while bottomline dips
The company’s revenues jumped 11% to AED 814 mn
Emirates Steel Arkan’s net income falls 64% y-o-y in 2Q
The company’s revenues also fell 10% y-o-y to AED 1.82 bn.
Fertiglobe’s net income down 60.2% y-o-y in 2Q 2024
Adnoc’s acquisition of OCI Global’s stake in Fertiglobe is expected to close this year
Acwa Power’s 2Q 2024 bottom line increased 52% y-o-y
The company attributed bottom line gains from divestments and higher margins from its subsidiaries
Sabic Agri-Nutrients’ net income up 8% y-o-y in 2Q 2024
The company’s revenues rose 2% y-o-y
Fertiglobe, Tabreed, and Ma’aden post 1Q earnings
Fertiglobe and Tabreed’s bottomlines dipped while Ma’aden had a good 1Q
Acwa Power’s net income ticks up in 1Q while Dewa posts a 14% drop
Acwa’s revenues were down 6% y-o-y to SAR 1.3 bn
EV maker Lucid’s bottomline continues in the red as revenues rise
The company produced over 1.7k vehicles and delivered over 1.9k vehicles during 1Q
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