McDermott reported revenue of $2.3 billion and net income of $41 million for the quarter ended June 30. Its August 19 announcement included adjusted EBITDA of $143 million and a quarter-end backlog of $15.8 billion.
Operating activities used $76 million in cash. Adjusted EBITDA is the company’s adjusted performance measure and differs from net income. This report covers second-quarter results and is separate from September’s announcement completing the refinancing transaction.
The Arab Federation of Capital Markets reported an 18 percent year-on-year increase in January–September trading value, alongside higher share volumes and transaction counts.
Central bank data showed monthly growth in lending and deposits. Non-resident deposits rose 6.8 percent, the fastest reported increase among deposit categories.
Emirates News Agency, reporting Central Bank of the UAE data3 min read
The approved loan supports reforms covering business licensing, worker protections, energy investment, capital markets and finance access for smaller firms.
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