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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

DIEZ reports 5% rise in revenue

The company logged a 34% surge in overall EBITDA.
By TRENDS Desk
August 24, 2023 8:35 am
  • The organization also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services
  • DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity achieved a combined 17% growth

Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) reported a 5% year-on-year increase in total revenue and a 34% surge in overall EBITDA in the first half of 2023.

The organization also achieved a 10% growth in revenue from leasing operations, a 36% growth in revenue from government services and a 39% growth in licensing revenues in the initial half of the year compared to the same period last year.

DIEZ’s three economic zones, the Dubai Airport Free Zone DAFZ, Dubai Silicon Oasis and Dubai CommerCity, achieved a combined 17% year-on-year growth in revenue and 20% growth in EBITDA in H1 2023.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, said: “Our robust momentum of growth encourages us to continue strengthening our strategic plans to enhance the contribution of free zones to Dubai’s GDP to AED250 billion by 2030.”

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