Berkshire’s quarterly profit exceeds $10 billion with insurance backing

2023-08-05 13:22:50 Warren Buffett’s Berkshire Hathaway posted an operating profit of $10.04 billion in the second quarter, as the company’s strong performance in the insurance business helped counter inflationary pressures that affected the sprawling group last year. Profit from insurance underwriting increased by 74%, contributing to Berkshire’s profit exceeding its revenues of $9.28 billion in … Read more

Credit cards enhance the profits of “Citigroup” and start suffering borrowers

2023-07-14 19:57:47 “Amid challenging macroeconomic conditions, we have continued to reap the benefits of our diversified business model,” said the bank’s chief executive, Jane Fraser, in a statement. Although trading clients did not participate, credit card activity increased by more than 10% thanks to strong demand. “Citi” monitors the return of life to the private … Read more

Fitaihi Holding reveals the size of its losses in 2022, compared to net profits of more than 149 million in 2021

Al-Marsad newspaper: The Fitaihi Holding Group revealed that it achieved a loss in 2022 of about 17.24 million riyals, compared to a net profit of about 149.64 million riyals in 2021. Fitaihi Holding attributed the reasons for the loss, in a statement on “Tadawul”, to several factors, which are achieving exceptional capital profits from selling … Read more

Profits of oil tankers across the Atlantic are doubling… What is the relationship of sanctions against Russia?

Commercial data showed that the daily profits of oil tankers across the Atlantic Ocean rose five times since the European Union ban on importing Russian petroleum products came into effect on February 5. And Bloomberg reported that what it called the “shadow fleet” that Moscow formed in anticipation of the sanctions, includes ships loaded with … Read more

Iraq has made great strides on the road to stability », the Iraqi News Agency

Baghdad – consciousThe head of the National Wisdom Movement, Mr. Ammar al-Hakim, confirmed that Iraq has made great strides on the road to stability. To receive more news, subscribe to our channel on Telegram Al-Hakim said, in a statement received by the Iraqi News Agency (INA), that he stressed, during his meeting with the delegation … Read more

In the video .. “Investor” reveals the average monthly profits of the successful coffee shop project • Al Marsad Newspaper

Al-Marsad Newspaper: An investor in the coffee field revealed that the successful coffee project generates monthly profits of 800,000 riyals. He said during his intervention with the “Yahla” program broadcast on the “Gulf Rotana” channel: “The average net profits of successful coffeehouse projects range between 300, 400, 600 and 800 thousand per month, with a … Read more